Product Principal, Active Fixed Income

LegalAndGeneral; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Bonus plan

Share schemes

Life assurance

Healthcare plan

25 days holiday

Electric car salary sacrifice

Job summary

Legal & General is seeking an experienced Product Principal to shape and deliver our Active Fixed Income and liquidity product strategy. In the Strategy, Product and Marketing function, you will lead end-to-end product lifecycle, from new propositions to managing and closing existing products.

You will collaborate with Investments, Distribution and Operations to deliver client-focused solutions that support our commercial goals and regulatory requirements, while influencing senior stakeholders

Qualifications

• Significant experience in product strategy, development and lifecycle management within international asset management.
• Strong expertise in Active Fixed Income and liquidity products and client propositions.
• Experience launching and managing funds across multiple jurisdictions (UCITS/non-UCITS).
• Knowledge of regulatory and governance requirements for investment products.

Responsibilities

• Leading the design and delivery of Active Fixed Income and liquidity product initiatives across a range of investment vehicles.
• Driving new product launches, enhancements, mergers and closures in line with client needs and commercial objectives.
• Managing complex product projects, including milestones, coordinating stakeholders, risks and delivery challenges.
• Ensuring product activities comply with governance frameworks, regulatory requirements, policies and procedures.
• Reviewing the commercial viability and ongoing performance of the product range, identifying opportunities for improvement.
• Providing technical product expertise covering propositions, regulation, tax, disclosures, registrations and operational considerations.
• Developing relationships across Investments, Distribution, Operations, governance committees, service providers and external partners.
• Presenting recommendations to senior stakeholders and fund boards.

Skills

Active Fixed Income expertise

Liquidity strategies

Product lifecycle management

Project management

Stakeholder management

Regulatory knowledge

Education

Degree or equivalent experience

IMC/CFA/CAIA advantageous

Job description

• Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US)
• L&G Business Unit: Legal & General Investment Management
• L&G sub Business Unit: LGIM
• Primary Location: London, One Coleman Street
• Job Family: Product

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 global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions tobenefitour clients and customers, and deliver enhanced shareholder returns.

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

Job Description

We are looking for an experienced Product Principal to help shape and deliver our Active Fixed Income and liquidity product strategy. Working within our Strategy, Product and Marketing function, you will take a leading role across the end-to-end product lifecycle, from developing new propositions to managing, enhancing and closing existing products.

You will collaborate with colleagues across Product, Investments, Distribution and Operations to deliver client-focused solutions that support our commercial ambitions and meet regulatory and governance requirements. This is a visible role offering the opportunity to influence senior stakeholders, contribute to strategic decision-making and act as a trusted subject matter expert across a diverse range of investment products and structures.

What you’ll be doing:

• Leading the design and delivery of Active Fixed Income and liquidity product initiatives across a range of investment vehicles
• Driving new product launches, enhancements, mergers and closures in line with client needs and commercial objectives
• Managing complex product projects, including defining milestones, coordinating stakeholders, monitoring risks and resolving delivery challenges
• Ensuring product activities comply with relevant governance frameworks, regulatory requirements, policies and procedures
• Reviewing the commercial viability and ongoing performance of the product range, identifying opportunities for improvement
• Providing technical product expertise covering propositions, regulation, tax, disclosures, registrations and operational considerations
• Developing strong relationships across Investments, Distribution, Operations, governance committees, service providers and external partners
• Presenting recommendations to senior stakeholders, governance committees and relevant legal entity or fund boards

What we're looking for:

• Significant experience in product strategy, development and lifecycle management within the international asset management industry
• Strong expertise in Active Fixed Income and liquidity strategies, products and client proposition requirements
• Extensive experience of launching, registering, operating and amending pooled investment funds across multiple jurisdictions
• A strong technical understanding of product structures, including UCITS and non-UCITS funds, ETFs and separately managed accounts
• Detailed knowledge of the regulatory and governance requirements affecting investment products
• Proven project management experience gained through delivering complex, high-profile initiatives
• Strong stakeholder management, communication and influencing skills, with confidence engaging across different levels and functions
• A degree or equivalent experience, with a relevant professional qualification such as IMC, CFA or CAIA being advantageous

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
• 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 many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

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 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.