At a Glance
- Tasks: Advise on pension risk transfer and develop innovative de-risking solutions.
- Company: Join a leading savings and investments firm with over 175 years of innovation.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and private healthcare.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Make a real impact in the pension sector while growing your legal expertise.
- Qualifications: Qualified lawyer with experience in pensions de-risking and strong drafting skills.
The predicted salary is between 70000 - 90000 £ 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.
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 ResponsibilitiesThe 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.
- Experience of 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.
- 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.
Qualified lawyer (there is no requirement that the candidate must be English qualified) (Essential).
Knowledge & ExperiencePensions de-risking lawyer 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)
Location: London
Experience Level: Manager / Expert
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.
- 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. 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 at: careers@mandg.com
Legal Counsel - Pension Derisking in London employer: M&G Corporate Services Limited
M&G is an exceptional employer that prioritises employee wellbeing and professional growth, offering a competitive benefits package including an 18% pension scheme, generous annual leave, and comprehensive family support policies. With a commitment to inclusivity and flexible working arrangements, M&G fosters a collaborative work culture where employees can thrive while contributing to meaningful projects in the financial services sector.
Contact Details:
M&G Corporate Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel - Pension Derisking in London
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We think you need these skills to ace Legal Counsel - Pension Derisking in London
Some tips for your application 🫡
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How to prepare for a job interview at M&G Corporate Services Limited
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Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
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