ALM Investment Manager

2 months ago


London, Greater London, United Kingdom Royal London Full time

About the Role

We are seeking an experienced and highly skilled Asset Liability Management (ALM) Investment Manager to join our team at Royal London.

The annuity business is a key area of growth for our company, and we believe that we are ideally placed to be a partner of choice for our clients and help to build financial resilience, whilst also providing an attractive return on capital, diversification and future financial protection.

This newly created role is within our Investment Office as part of the team responsible for the investment management of our annuities and Business Purchase Annuity (BPA) business.

You will work closely with the BPA teams and lead the investment execution of new business, managing the onboarding process, developing strategy, and supporting the ongoing management of the Matching Adjustment portfolio.

This role recognises the technical expertise needed within the Investment Office to help shape and innovate our BPA strategy and solutions.

About the Responsibilities

  • Support the BPA teams, leading the investment execution of new business.
  • Develop and recommend strategies to manage market risks when onboarding new business.
  • Develop strategies to further optimise our risk-adjusted return on capital and liquidity through effective asset-liability management (ALM).
  • Work with our asset managers and colleagues to develop effective trading strategies and implement changes.
  • Review trading and new investments to ensure the portfolio operates within our ALM and liquidity tolerances.
  • Lead the development and implementation of new derivative and hedging capabilities to support our BPA business.

About the Requirements

  • Experience in investment and ALM work, Solvency II/Solvency UK work for insurers, either at an insurer, asset manager or in consulting.
  • Actuary (i.e., Fellow of the Institute of Actuaries or Fellow of the Faculty of Actuaries), CFA holder or equivalent with understanding of investments, derivatives, and asset-liability management for annuity business.
  • Proficiency in financial modelling and analysis using R, Python, MATLAB, and/or VBA. Ability to develop, test and use models for ALM and optimisation purposes.
  • Excellent stakeholder management skills.
  • Ability to communicate in a professional manner with colleagues across the wider business and externally.

About Royal London

We're the UK's largest mutual life, pensions, and investment company, offering protection, long-term savings and asset management products and services.

Our commitment to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.


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