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- Tasks: Join our legal team to advise on innovative pension risk transfer solutions.
- Company: M&G, a leading savings and investments firm with over 175 years of heritage.
- Benefits: Enjoy 38 days annual leave, flexible working, and a generous pension scheme.
- Why this job: Make a real impact in the evolving pensions de-risking market while developing your legal expertise.
- Qualifications: Qualified lawyer with at least 4 years PQE in pensions de-risking.
- Other info: Inclusive culture with support for diverse communities and career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced long-term investment and savings solutions. Through telling it like it is, owning it now, and moving it forward together with care and integrity, we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
Purpose
We are looking for an experienced pension risk transfer lawyer to join as a permanent member of the M&G Legal team, focusing on advising our growing pensions de-risking business on all aspects of insured risk transfer arrangements. The ideal candidate will have strong transactional experience of not just buy-in/buy-out transactions but also associated solutions and will have a strong interest in the development of innovative de-risking solutions tailored to the complex needs of corporate and institutional clients.
Key Responsibilities
- The role encompasses a broad range of legal skills covering legal advisory, transaction structuring and execution, drafting and negotiating transaction documentation, regulatory work, and supporting the company’s strategic projects.
Job & Personal Skills
This full-time role will cover legal advisory, structuring, product building, transaction execution, and supporting key corporate and regulatory change projects.
Key Competencies
- A deep understanding of the pension sector, specifically the de-risking market, with experience and knowledge across the market.
- Strong experience in advising on bulk annuity transactions and the de-risking of defined benefit pension schemes.
- Experienced in drafting and negotiating transaction documents.
- Ideally this will be experience of acting for insurance companies/other pension product providers, but helpful to have experience acting for sponsoring employers/trustees.
- Experience with longevity swap transactions and funded and longevity reinsurance transactions.
- Proven capability in managing external counsel and capable of building and developing relationships with key internal stakeholders.
- Capable of acting as a business partner to the relevant business teams.
Personal Qualities
- Strong drafting and analytical skills and attention to detail.
- Brings strong judgement and is decisive.
- Intellectually curious with a desire to learn and develop their skills.
- A willingness to challenge/debate and offer own views.
- Tenacious, willing to go beyond the job description.
- Transparent and a good communicator.
- Works most effectively when collaborating within the team and across other functions.
- Resilience and strength of character that enables effective communication across all levels of the organisation.
- Flexible with the ability to adapt to changing priorities and fluid deadlines.
Qualifications
- Qualified lawyer (there is no requirement that the candidate must be English qualified) (Essential).
Knowledge & Experience
- Pensions de-risking lawyer with at least 4 years PQE working in the pensions team of a law firm and/or in-house team of an insurer/other market player in the de-risking space (Essential).
- Strong academic credentials.
What we offer
At M&G, we're committed to helping you thrive and supporting your wellbeing both at work and beyond. Our benefits are designed to help you balance your professional and personal life while planning confidently for your future. Our UK benefits include:
- A valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- Share Save and our Share Incentive Plan together with access to financial wellbeing and support services.
- 38 days annual leave including bank holidays with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
- Comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
- Health & Protection cover including Private Healthcare, Critical Illness cover, and Life Assurance for you with family options.
We have a diverse workforce and an inclusive culture at M&G underpinned by our policies and our employee-led networks who provide networking opportunities, advice, and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability, or long-term condition, we are looking to attract, promote, and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. M&G is also proud to be a Disability Confident Leader and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us.
Legal Counsel Pension Derisking employer: M&G Corporate Services Limited
Contact Detail:
M&G Corporate Services Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel Pension Derisking
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and pensions sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching M&G and their approach to pension de-risking. Familiarise yourself with recent trends and challenges in the sector. This will help you demonstrate your knowledge and passion during the interview.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Legal Counsel in pension risk transfer. Highlight your transactional experience and how it can benefit M&G’s innovative solutions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the M&G team. Let’s get you that dream job!
We think you need these skills to ace Legal Counsel Pension Derisking
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in pension de-risking. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Legal Expertise: Since this role is all about legal advisory and transaction structuring, be sure to emphasise your strong drafting and analytical skills. We’re looking for someone who can navigate complex legal frameworks with ease, so let that shine through!
Be Authentic: We value transparency and good communication, so don’t be afraid to let your personality come through in your application. Share your passion for the pension sector and your desire to innovate within it – we love a bit of enthusiasm!
Apply Through Our Website: To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to keep track of your application and ensure you’re considered for this exciting opportunity!
How to prepare for a job interview at M&G Corporate Services Limited
✨Know Your Pensions Inside Out
Make sure you brush up on your knowledge of the pensions de-risking market. Understand the nuances of buy-in and buy-out transactions, as well as longevity swaps. Being able to discuss these topics confidently will show that you're not just familiar with the basics but are genuinely interested in the field.
✨Showcase Your Drafting Skills
Prepare examples of your previous work where you've drafted and negotiated transaction documents. Be ready to discuss specific challenges you faced and how you overcame them. This will demonstrate your strong analytical skills and attention to detail, which are crucial for this role.
✨Be a Team Player
Highlight your experience in collaborating with internal stakeholders and managing external counsel. Share stories that illustrate your ability to work effectively within a team and adapt to changing priorities. This will resonate well with their emphasis on collaboration and flexibility.
✨Ask Thoughtful Questions
Prepare insightful questions about the company's approach to innovation in de-risking solutions. This shows your intellectual curiosity and willingness to engage in meaningful discussions. It also gives you a chance to assess if the company culture aligns with your values.
