Investment Associate Consultant (Asset Modelling and Technology)

NCSL International; Winchester; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid working

Professional study support

Wellbeing networks

Life assurance

Income protection

Job summary

LCP is seeking an Investment Consultant to join its Asset Modelling Team. You will develop, test and operate modelling tools and assumptions powering client advice and LCP's investment technology.

The role spans calibration, scenario generation, model validation and collaboration with developers to advance LCP Visualise and related tools. The ideal candidate brings strong ALM experience for pensions or institutional owners, plus Excel and coding skills (Python/R/VBA) and an ability to explain

Qualifications

• Experience with asset liability modelling and its application to strategic investment advice.
• Proficiency in stochastic simulation, scenario generation, model calibration and validation.
• Experience applying investment analysis to support assumption setting and yield curves.
• Strong Excel skills with structured workbooks and complex formulas.
• Coding experience in Python, VBA or R for analysis and testing.
• Experience with AI tools to support modelling, testing and documentation.
• Broad technical investment knowledge across asset classes.

Responsibilities

• Lead or manage asset-liability modelling work for client projects with outputs and presentations.
• Develop, maintain and improve asset modelling tools for portfolio analysis and reporting.
• Calibrate the Economic Scenario Generator and oversee regular AMT processes.
• Support assumption setting and central model servicing with investment analysis.
• Assist in yield curve generation and validate model outputs.
• Collaborate with software developers to roll out new modelling functionality.
• Provide technical guidance to colleagues and review junior team members’ work.

Skills

Asset liability modelling

Stochastic simulation

Scenario generation

Model calibration

Validation

Yield curves

Excel modelling

Python

AI tooling (agentic coding)

Investment knowledge

Tools

Python

VBA

R

Job description

Location - London or Winchester with hybrid working available

At LCP we love what we do, and it shows. We help our clients make good decisions based on insightful analysis, industry expertise, and game-changing technology. Working across a wide range of sectors, including pensions and benefits, investments, insurance, energy, health, sports, and data analytics, we help our clients navigate complexity in order to take the action that matters.

LCP is recruiting an Investment Consultant to join the Asset Modelling Team ("AMT") within the Investment practice. The role will focus on developing, testing and operating the modelling tools and assumptions that support client advice and LCP's investment technology.

The Asset Modelling Team develops and maintains modelling capabilities used across the Investment and other departments, including stochastic asset liability models, economic scenario generation, yield curve production, assumption-setting analysis and tools used in LCP Visualise.

This role is suited to someone who enjoys technical work, careful analysis and learning how asset and liability models operate in practice. The successful candidate will work with experienced colleagues to run models, test outputs, support regular assumption setting and scenario generation processes, and contribute to model development.

What will you be doing?

The successful candidate should be able to undertake, or be keen to develop capability in, most of the following:

• Lead or manage asset-liability modelling work for client projects, including model runs, analysis, output review and communication of results. This may include direct client-facing presentations
• Develop, maintain and improve asset modelling tools for monitoring, portfolio analysis, strategic investment modelling and client reporting
• Calibrate the Economic Scenario Generator and oversee regular AMT processes, including validation checks, documentation of key judgements and analysis to support assumption setting
• Manage analysis work for the assumption group, producing investment analysis to support assumption setting and central model servicing
• Support the generation and validation of yield curves
• Specify, test and roll out new modelling functionality in collaboration with software development teams and internal stakeholders for LCP Visualise and other tools
• Use Excel, coding skills and appropriate artificial intelligence ("AI") tools, including agentic coding tools, to improve model development, testing, analysis and documentation
• Provide technical support and guidance to colleagues, including reviewing work and helping more junior team members develop modelling skills

What skills and experience are we looking for?

Technical Skills

• • Strong experience of asset liability modelling and its application to strategic investment advice, principally for pension schemes or other institutional asset owners
  • Experience with stochastic simulation, scenario generation, model calibration and validation
  • Experience applying investment analysis to support assumption setting, including yield curves, asset class assumptions and how those assumptions are used in modelling outputs
  • Strong Excel skills, including the ability to work confidently with structured workbooks, formulas and model outputs
  • Coding experience in Python, VBA or R for analysis, model development, automation or testing
  • Experience of developing, specifying or testing models and technical tools, including working with development teams or technical stakeholders
  • Experience using AI tools and models, including agentic coding assistants, to support analysis, model development, code review, testing, documentation and process improvement
  • Strong technical investment knowledge across a range of asset classes

Wide skills and ways of working

• • Excellent attention to detail and the ability to identify, investigate and resolve unexpected results
  • Ability to manage variable workloads, prioritise effectively and work to agreed deadlines
  • Clear written and verbal communication, including the ability to explain technical outputs to non-specialist stakeholders, including presentations to clients
  • Commercial awareness and an understanding of how modelling work supports client advice
  • Confidence working in a team environment and sharing ideas constructively
  • A strong interest in improving models, processes and ways of working

What's in it for you?

Take a look at our Glassdoor and Career stories pages to see why our people love being here! As well as joining a certified B-Corp, multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:

For you:

• Hybrid working (see top of the advert for details)
• Professional study support (where applicable)
• Access to our internal Wellbeing, LGBTQ+, Multicultural and Women's networks

For your family:

• Life assurance
• Income protection
• Enhanced maternity/paternity/adoption and shared parental leave

For your health:

• 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday
• Private medical insurance
• Discounted gym memberships, critical illness and dental insurance through our flexible benefits
• Eye care vouchers
• Cycle to work scheme
• Digital GP services

For your wealth:

• Competitive pension scheme
• Discretionary bonus scheme
• High street discounts
• Season ticket loans

For others:

• Volunteering opportunities

For the environment:

• Electric vehicle salary sacrifice scheme (qualifying period applies)

And much more!

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility. Whatever it may be, please get in touch via our dedicated email address - [email protected] to discuss how we can support you with your application.

Recruitment agencies

LCP operates a Preferred Supplier List (PSL) for recruitment agencies which is reviewed annually. We do not accept unsolicited CVs from agencies who are not part of our current PSL. LCP only pay agency fees where we have a signed agreement in place, and the agency has been instructed by a member of our recruitment team to supply CVs via the Applicant Tracking System (ATS) for a legitimate, open vacancy. If this process is not adhered to, LCP reserve the right to contact these candidates directly and have discussions with them without paying any agency fees. We do not pay agency fees when speculative and unsolicited CVs are submitted to any employee or Partner at LCP.