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 comprehensive benefits package including an 18% pension scheme, generous annual leave, and extensive family support policies. Located in London, our inclusive work culture fosters collaboration and innovation, making it an ideal environment for talented legal professionals to thrive and contribute to meaningful pension de-risking solutions.
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
✨Tip Number 1
Network like a pro! Reach out to your connections in the pension sector and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of pension de-risking solutions. Be ready to discuss your experience with buy-in/buy-out transactions and how you've tackled complex legal challenges in the past.
✨Tip Number 3
Showcase your personality! During interviews, let your passion for the pension sector shine through. Employers love candidates who are not only qualified but also genuinely excited about what they do.
✨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 serious about joining our team at M&G.
We think you need these skills to ace Legal Counsel - Pension Derisking in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Legal Counsel role. Highlight your experience in pension de-risking and any relevant transactions you've handled. We want to see how your skills align with what we're looking for!
Showcase Your Skills:Don’t just list your qualifications; demonstrate your strong drafting and analytical skills. Use specific examples from your past work that show how you’ve tackled complex legal issues in the pensions sector. This will help us see your potential impact on our team.
Be Authentic:Let your personality shine through in your application. We value transparency and good communication, so don’t hesitate to share your views and experiences. Show us who you are beyond your qualifications!
Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the best way to ensure it reaches us quickly and efficiently. Plus, you’ll get a feel for our company culture while you’re at it!
How to prepare for a job interview at M&G Corporate Services Limited
✨Know Your Stuff
Make sure you have a solid understanding of the pension de-risking market. Brush up on bulk annuity transactions and longevity swaps, as these are key areas for the role. Being able to discuss recent trends or innovations in the sector will show your passion and expertise.
✨Showcase Your Experience
Prepare specific examples from your past work that highlight your transactional experience and your ability to draft and negotiate complex documents. Use the STAR method (Situation, Task, Action, Result) to structure your responses and make them impactful.
✨Be a Team Player
This role requires collaboration with various stakeholders. Be ready to discuss how you've successfully worked in teams before, especially in high-pressure situations. Highlight your communication skills and how you build relationships with both internal and external parties.
✨Ask Thoughtful Questions
Prepare insightful questions about the company’s approach to pension de-risking and their future strategies. This not only shows your interest in the role but also demonstrates your critical thinking and engagement with the business's goals.
