Senior Associate, Private Mortgage Securitisation

Legalandgeneral; England; On-site; GBP 80,000 - 110,000; Full time

Benefits offered by this job

Annual bonus

Share schemes

Generous pension contribution

Life assurance

Healthcare plan

25 days holiday

Job summary

Legal & General (L&G) is a leading UK financial services group and major global investor, with a focus on asset management, retirement and protection solutions. This role involves structuring, analysing and executing private securitisation transactions and assessing investment opportunities across lending assets.

You will collaborate with multiple teams and contribute to funded strategies while developing your expertise in structured finance within a large, inclusive UK employer.

Qualifications

• Experience in quantitative analysis, structuring, securitisation or structured finance.
• Strong cashflow modelling and financial analysis skills.
• Understanding of residential mortgages, consumer credit, asset-backed lending or securitised products.
• Ability to interpret complex modelling outputs and translate findings into commercial recommendations.
• Experience gained within an insurer, bank, asset manager, rating agency or similar environment.
• Strong stakeholder management and communication skills.
• Curiosity and willingness to learn new asset classes, funding structures and investment products.
• Experience of covered bonds strongly preferred.
• VBA, Python or R skills would be beneficial.

Responsibilities

• Structuring and executing private securitisation transactions, including asset cashflow, capital structure and investor return analysis
• Managing periodic note issuances from private securitisation programmes, including cashflow analysis and engagement with rating agencies
• Assessing new mortgage and consumer-credit investment opportunities across a range of lending assets
• Analysing rating, structural, capital and profitability impacts on prospective and existing transactions
• Supporting the design, execution and ongoing management of securitisation and funding structures
• Producing scenario analysis, transaction modelling and investment recommendations to support decision-making
• Collaborating with portfolio management, risk, finance, legal and governance teams across the investment lifecycle
• Contributing to covered bond, RMBS and wider structured finance initiatives, helping shape future funding and investment strategies

Skills

Quantitative analysis

Structuring

Securitisation

Cashflow modelling

Stakeholder management

Python

R

VBA

Tools

Excel

Job description

Legal & General (L&G) is a leading UK financial services group and major global investor, with a focus on asset management, retirement and protection solutions. This role involves structuring, analysing and executing private securitisation transactions and assessing investment opportunities across lending assets.

You will collaborate with multiple teams and contribute to funded strategies while developing your expertise in structured finance within a large, inclusive UK employer.