Group ALM Manager

3 months ago


London, United Kingdom Legal & General Full time

We’re recruiting for a Group ALM Manager to join us. 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 oversees the management of market risks across the L&G Group. In particular, the team advises on hedging and investment strategies and develops risk management frameworks to safeguard the Group’s strategic business plan against changes in market conditions and to support the Group’s longer term profitability.

The Group ALM Manager supports the Group ALM function, which is managed by the Head of Group ALM. The role involves a material amount of project based work.

What you'll be doing:

Working closely with the Business Units to understand their market risk exposures across SII, IFRS and liquidity; market risks include rates, inflation, FX, property, credit and equity. Developing risk management frameworks and embedding efficient investment and hedging actions within Group/divisional ALM activity. Recommending actions to the Head of Group ALM and senior stakeholders. Supporting the Head of Group ALM to ensure that key proposals and matters for discussion are brought to the Group ALCO, which is chaired by Group CFO and attended by key members of the senior management team. Supporting the development of Group ALM’s data and system capabilities. 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.
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.


Qualifications

Who we're looking for:

Qualified Actuary, Accountant or investment professional with equivalent experience Knowledge and understanding of:
- The elements of SII and IFRS that relate to ALM
- Liquidity risk management and implications for ALM
- Hedging instruments (e.g. interest rate and inflation derivatives) and strategies Strong programming capabilities (preferably in Python or R) Experience of:
- Working in insurance and/or investment functions within a complex financial services environment
- Managing IFRS and SII balance sheet risk 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 organisation, named 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’re one of the world's largest asset managers, homebuilders, pension providers and insurers. Connecting to form a unique business model which drives value for our customers and society. And enabling our people to create impact through work that is meaningful and valued.

If you join us, you’ll be part of a welcoming, inclusive 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. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose. 

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

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