Market Risk Manager

LegalAndGeneral; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Market Risk Manager to enhance their Group Risk team. This role is pivotal in overseeing Market, Asset, and Liability Management risks, ensuring effective liquidity management and advising on key risk metrics. The successful candidate will engage in risk analysis for new asset classes and validate components of the Solvency II Internal Model. With a hybrid working model, this position offers a balanced work-life dynamic. Join a forward-thinking company that values inclusivity and offers substantial benefits, including generous pension contributions and performance-related bonuses.

Benefits

Annual Performance-Related Bonus Plan

Generous Pension Contribution

Life Assurance

Healthcare Plan

25+ Days Holiday

Electric Car Scheme

Discounts on Products and Stores

Flexible Working Options

Qualifications

• Degree in finance-related subject or extensive experience is essential.
• Experience in oversight of interest rate and inflation risks.

Responsibilities

• Provide analysis of risk impacts on the Group balance sheet.
• Support management of derivative liquidity risk and develop strategies.

Skills

Analytical Skills

Problem-Solving Skills

Communication Skills

Financial Market Analytics

Risk Management

Education

Degree in Finance or Numerate Subject

CFA or Actuary Qualification

Tools

Liquidity Management Frameworks

Asset Modelling Tools

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.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We're recruiting for a Market Risk Manager to join our Group Risk team.

This role involves providing oversight of Market, Asset and Liability Management (ALM), and Liquidity Risks, including interest rate, inflation, and liquidity management for the Group and Divisional business units. You will play a crucial role in advising, reviewing, and optimising key risk metrics related to ALM and Liquidity, which impact both the Group and Divisional strategies of L&G.

This a hybrid working opportunity, which means that you split your time by working flexibly between our London Offices and your home, to find a work-life balance that works for you.

What you'll be doing:

• Providing analysis of risk impacts on the Group balance sheet and divisional investment portfolios
• Supporting management of derivative liquidity risk, including developing liquidity management strategy, risk frameworks, MI and reporting
• Providing market risk analysis to support risk opinions on new asset classes, including structured investments and reinsurance transactions
• Advising and analysing risk assessment of new Pension Risk Transfer (PRT) transactions
• Validating relevant components of the Solvency II Internal Model, including testing assumptions, parameters and calibration
• Providing second line oversight of investment propositions, including risk rebalancing, ALM and sovereign trades
• Supporting local risk functions in international businesses by providing market risk oversight
• Ensuring principles of Conduct Risk are embedded in day-to-day operations to deliver good customer outcomes

Qualifications

Who we're looking for:

• Degree (or extensive experience) in a finance-related or other numerate subject is essential, with other financial qualifications (e.g. CFA, Actuary, Accountant) being advantageous
• Experience and understanding of a range of fixed income asset types across cash and derivative markets
• Experience of financial market analytics, including macro trend analysis, time-series analysis and asset modelling
• Experience in oversight and management of interest rate, inflation and FX risks, particularly in relation to annuities and Pension Risk Transfer (PRT) business
• Experience of liquidity risk including collateral and liquidity management frameworks.
• Experience working in 1st or 2nd Line investment roles would be advantageous
• Sophisticated analytical and problem-solving skills, with the ability and confidence to challenge stakeholders and ask difficult questions to get to the root of problems.
• Strong communication skills, with the ability and confidence to challenge stakeholders positively and ask difficult questions to get to the root of problems

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
• 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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