Company Description
Legal & General (L&G) is a leading UK financial services group and major global investor.
We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.
We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.
Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.
We are one of Europe’s largest asset managers and a major global investor across public and private markets.
Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.
Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.
Job Description
We’re recruiting for a Senior Delegated Solutions Manager to join our Delegated Solutions team, partnering with UK pension schemes and insurance clients to design, implement and manage tailored multi-asset investment strategies aligned to their long-term funding objectives. Leveraging the full breadth of L&G Asset Management’s capabilities, the team delivers sophisticated, outcome-driven solutions underpinned by deep expertise in portfolio construction, risk management and asset/liability modelling.
Combining strategic insight with efficient implementation, the team integrates a wide range of asset classes, including index, multi-asset, fixed income, LDI, real assets and derivatives, into bespoke portfolios that reflect each client’s unique risk profile and constraints. Through ongoing client engagement, performance monitoring and customised reporting, the team provides a holistic, end-to-end service across defined benefit, defined contribution and insurance solutions.
What you’ll be doing
- Providing investment advice to DB pension scheme trustees, working closely with clients to understand requirements and deliver innovative solutions
- Conducting bespoke investment strategy analysis and risk modelling, including long-term strategy, journey planning and dynamic de-risking trigger design
- Designing and constructing portfolios, delivering detailed, scheme-specific reporting and analysis to support decision-making on investment strategy, risk and asset allocation
- Collaborating with clients and internal teams to agree and implement mandate investment guidelines
- Delivering bespoke client reporting and scheme management information in partnership with internal stakeholders
- Owning and overseeing multi-asset mandates for DB pension schemes, managing performance against liability-driven benchmarks and delegating to specialist teams across L&G Asset Management to leverage broader capabilities
- Embedding L&G Asset Management’s cultural values and behaviours, promoting a “One L&G” culture and contributing to a high-performing, collaborative environment
- Supporting a strong risk and conduct culture, maintaining awareness of Consumer Duty requirements and ensuring the delivery of positive client and customer outcomes
Who we’re looking for
- Understanding of defined benefit pension scheme investment environment, including typical risks and objectives, and experience of trustee decision-making processes
- Good knowledge and understanding of all major asset classes
- Understanding of derivatives & LDI
- Experience of working with pension scheme trustees in a consultancy/advisory context
- Interaction with clients on complex investment/risk concepts
- Experience of setting investment strategy and carrying out portfolio construction in a multi-asset framework
- Asset-liability modelling experience
- Experience of providing fiduciary management services to UK DB pension schemes desirable
- Hands-on multi-asset and/or LDI investment management experience desirable
Benefits
- The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
- Generous pension contribution
- Life assurance
- Healthcare Plan (permanent employees only)
- At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
- Competitive family leave
- Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
- There are many discounts we offer – both for our own products and at a range of high street stores and online
- We’re creating net-zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in-person experience
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