Group ALM Manager

4 weeks ago


London, Greater London, United Kingdom Legal and General Full time
Company Description

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind the scenes. It's up to us in L&G Group functions - which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Affairs - to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we're helping to improve our customers' lives and contributing to the success of the business every day.

Job Description

We are hiring a Group ALM Manager to support the Group Asset Liability Management (ALM) team across all aspects of developing, embedding and executing the Group's ALM Framework.

We're offering acompetitive base salary, great benefits and the opportunity to support work that directly contributes to L&G's business strategy.

The Group ALM team provides first line oversight of how market risks are managed across the L&G Group. In particular, you'll be developing investment and risk management strategies in alignment with the Group's strategic objectives and internal risk appetites and within the context of the evolving macroeconomic and regulatory environment.

What you'll be doing:
  • Working closely with the Business Units to understand their market risk exposures across SII, IFRS and liquidity
  • Identifying inefficiencies/opportunities for optimisation across the balance of assets and financial risks
  • Developing and embedding investment and risk management strategies and frameworks within Group/divisional ALM activity
  • Ensuring a strong connection between macroeconomic environment and the implications for efficient Group ALM; in particular through proposing appropriate scenario testing and identifying rebalancing opportunities in order to protect against downside risk and add value.
  • Developing and managing the efficient production of high quality exec/board MI, providing meaningful insight to support the decision making of senior management
  • Supporting the Head of Group ALM to ensure that key proposals and matters for discussion are brought to the Group Asset and Liability Committee, which is chaired by Group CFO and attended by key members of the senior management team
  • Providing technical support and initiating the development of systems designed to improve the efficiency and sophistication of the Group's ALM Framework
  • Working closely with the 2nd line Group Risk Team to ensure consistency of understanding and that all proposals have the appropriate level of challenge and oversight
Qualifications

Who we're looking for:
  • Qualified actuary, accountant or investment professional with equivalent experience
  • Strong understanding of investments, hedging and capital markets
  • Strong understanding of the elements of Solvency II and IFRS that relate to ALM (including the Matching Adjustment and capital requirements)
  • Ability to understand the implications of market and non-market events on reporting across different metrics (IFRS, Solvency II, liquidity)
  • Ability to review large quantities of technical data within a short period of time, analyse it and provide a succinct summary
  • Ability to work with and develop code based tools e.g. Python, R etc.
  • Ability to create and deliver clear and concise written documentation or reports
  • Some experience of management and senior stakeholder communication is desirable
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:
  • The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
  • Generous pension contribution
  • Life assurance
  • Private medical insurance
  • 27 days holiday, plus public holidays. 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
  • There are the many discounts we offer - both for our own products and at a range of high street stores and online
  • In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart
Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.
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