Investment Manager - Structured Credit and Mortgages

LegalAndGeneral; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading UK financial services group is seeking an Investment Manager to join their Structured Credit and Mortgage Team in London. The role involves overseeing investments, managing risk, and contributing to strategic initiatives. Candidates should possess a quantitative degree and experience in financial modeling. The company offers a competitive package with various benefits, promoting a diverse and inclusive work culture.

Benefits

Annual performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare Plan

At least 25 days holiday

Competitive family leave

Electric car scheme

Discounts on products and services

Redesigned office spaces

Qualifications

• Experience in building complex financial models for debt investment analysis.
• Strong MS Excel skills required.
• Familiarity with mortgage markets and insurance balance sheet mechanics.

Responsibilities

• Oversee investments and define risk appetites.
• Manage mortgage portfolio and identify key risk factors.
• Draft governance papers for new structuring initiatives.

Skills

Interpersonal skills

Communication skills

Flexibility

Adaptability

Initiative

MS Excel

Education

Undergraduate degree in a quantitative subject

Tools

C++

Job description

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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.

L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK's longest-running insurer.

Our Institutional Retirement division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members' retirement benefits.

Joining us means you'll support customers' financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

Job Description

Join our dynamic Structured Credit and Mortgage Team as an Investment Manager. You will play a crucial role in overseeing our Institutional Retirement's investments, defining risk appetites, and contributing to strategic initiatives. This is an exciting opportunity to be part of a team that supports the optimisation and diversification of our portfolio.

What you'll be doing:

• Contributing to the expansion of Structured Credit and Mortgage investments to support new business volumes and optimise the portfolio
• Focusing on the portfolio management of the mortgage portfolio, including identifying key risk market factors and creating key risk metrics and risk appetites
• Overseeing asset managers' mandates and performance to ensure alignment with risk appetites and investment goals
• Developing and improving the investment framework for structured credit and mortgage sectors to maximise risk-adjusted returns
• Leading the assessment of investment opportunities, representing Institutional Retirement with third parties, and collaborating with internal teams for execution and monitoring
• Drafting and presenting governance papers to key stakeholders to garner support for new structuring initiatives
• Supporting the development of good relationships with other relevant teams to ensure effective collaboration and delivery of investment objectives
• Ensuring all business processes and internal controls are designed and performed to deliver good customer outcomes and manage Conduct Risk

Qualifications

Who we're looking for:

• Undergraduate degree in a quantitative subject such as Maths, Physics, Finance, or Computer Science, or a degree in Accounting or Management
• Experience in building complex, dynamic financial models to analyse debt investment opportunities
• Strong interpersonal and communication skills
• Flexibility, adaptability, and initiative
• Strong MS Excel skills, with working knowledge of C++ being beneficial
• Comfort in working in a dynamic environment and delivering results on time
• Familiarity with mortgage markets and insurance balance sheet mechanics

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
• 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 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

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

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.

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