Senior Analyst - Collateral Oversight

LegalAndGeneral; London; On-site; GBP 45,000 - 70,000; Full time

Job summary

Legal & General seeks a Senior Collateral Analyst for a 12-month fixed term in London. The role includes overseeing collateral management and derivatives trade processing, collaborating closely with asset management teams, ensuring compliance with market regulations, and enhancing operational effectiveness. This position offers opportunities for professional growth with a focus on responsible investment solutions.

Benefits

Annual performance-related bonus plan

Generous pension contribution

Life assurance

Private medical insurance

At least 25 days holiday

Competitive family leave

Electric car scheme

Employee discounts

Redesigned collaborative workspaces

Qualifications

• Experience in asset management industry.
• Knowledge of Bilateral & Cleared Collateral processes.
• Experience in collating and analysing performance data.

Responsibilities

• Completing daily derivative operations retained services.
• Proactively working with stakeholders and external providers.
• Managing operational risk and issues within the team.

Skills

Asset management

Collateral management

Performance data analysis

Client liaison

Job description

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Company Description

Legal & General is one of Europe's largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us - from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers - which include individual savers, pension scheme members and global institutions - and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

Job Description

We're recruiting for a Senior Collateral Analyst to join our team in London on a 12 month fixed term contract. In this role you will complete all retained derivative operations activities covering Collateral Management, and Derivatives Trade Processing (ETD & OTC Bilateral & Cleared) in line with internal and external market deadlines, policies, procedures and controls in conjunction with outsourced service provider to support L&G Asset Management's global trading activities and client service delivery.

The primary function of the Derivative Operations function is to ensure all retained services (incl. Collateral Management and Derivative Trade Processing) and outsourced activities is effective managed and processed accordance with market deadlines and industry best practise, ensuring adherence to regulatory requirements and quality control.

What you'll be doing

• Completing daily derivative operations retained services/tasks (including Collateral Management and Derivative Trade Processing) effectively and in line with market and regulatory deadlines
• Proactively working with Asset Management stakeholders, outsource providers, and 3rd Parties (Brokers, Custodians, Fund Accountants, Vendors), ensuring all asset services activities are managed
• Working in partnership and collaboration with team members and outsourced provider to ensure daily tasks are completed in line with agreed service standards and deadlines (including accuracy, timeliness, and client service measures)
• Assisting the outsource provider with agreed retained services delivery for the respective service area
• Taking proactive ownership and investigating queries/issues that may arise, escalating and reporting any inconsistencies to supervisor or manager in a timely manner
• Proactively identifying control weaknesses relating to derivative operations services operating model and recommending and implementing procedural and process changes in partnership with team members, manager, and outsourced provider where applicable
• Ensuring end-to-end understanding of all operational tasks and how they relate and impact all processes. Ensuring standard ways of working are applied consistently
• Creating procedures that reflect process policies and any workflows needed to support the asset services process and activities for retained and outsourced services
• Managing operational risk and issues within the team and outsourced provider, regularly reviewing and identifying further opportunities for risk mitigation; ensuring all functional procedures are in line with policies and regulatory requirements. Promptly and clearly articulating and informing senior management and stakeholders

Qualifications

Who we're looking for:

• Demonstrated experience of the asset management industry/experience relevant to role and activities performed
• Knowledge of Bilateral & Cleared Collateral processes and subject matter is highly preferred
• Experience collating and analysing performance data for Collateral Management
• Knowledge of Collateral regulatory programs including UMR
• Client focussed and able to liaise with all levels of seniority internally and externally
• Strong knowledge in the outsourced service area covering operational service delivery knowledge and client expectations

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 (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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