At a Glance
- Tasks: Join our legal team to advise on innovative pension de-risking solutions.
- Company: M&G plc, a leading savings and investments firm with a rich heritage.
- Benefits: Enjoy 38 days annual leave, competitive pension scheme, and flexible working options.
- Other info: Inclusive culture with support for diverse communities and career growth opportunities.
- Why this job: Make a real impact in the evolving pension sector while developing your legal expertise.
- Qualifications: Qualified lawyer with experience in pensions de-risking and strong drafting skills.
The predicted salary is between 60000 - 80000 £ 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 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.
- 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.
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 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.
- Enjoy 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.
- Our market leading Inspiring Families policy includes 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.
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 - M&G plc. in London employer: M&G plc
M&G plc 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.
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel - Pension Derisking - M&G plc. 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. A friendly chat can lead to insider info about roles that might not even be advertised yet.
✨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 can contribute to M&G's innovative approach.
✨Tip Number 3
Show off your drafting skills! Bring along examples of transaction documents you've worked on to demonstrate your expertise. This will help you stand out as a candidate who knows their stuff.
✨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 being part of the M&G team.
We think you need these skills to ace Legal Counsel - Pension Derisking - M&G plc. 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 to show how you’ve tackled complex legal challenges in the pension sector. This will help us see your potential!
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 professional achievements!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at M&G plc
✨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/buy-out transactions and longevity swaps, as well as the latest trends in the sector. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to transaction structuring and execution. Think through examples from your past experience where you've successfully navigated complex legal challenges or negotiated key documents. Be ready to discuss your thought process and the outcomes.
✨Showcase Your Communication Skills
As a Legal Counsel, you'll need to communicate effectively with various stakeholders. Prepare to demonstrate your ability to explain complex legal concepts in simple terms. You might even want to practice explaining a recent case or transaction to a friend who isn't in the legal field.
✨Emphasise Your Team Player Attitude
M&G values collaboration, so be prepared to discuss how you've worked effectively within teams in the past. Share examples of how you've built relationships with internal stakeholders or managed external counsel, highlighting your adaptability and resilience in changing environments.
