Senior DC Strategy Manager

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

Job summary

Legal & General is seeking a senior member for its Asset Allocation team, responsible for managing £45bn assets. The ideal candidate will possess in-depth asset management knowledge and strong project management abilities to lead strategic initiatives and work closely with clients and partners. Join a culture focused on inclusion and wellbeing, with flexible working options.

Benefits

Performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare Plan

At least 25 days holiday

Competitive family leave

Electric car scheme

Employee discounts

Qualifications

• Extensive asset management knowledge, particularly in investments.
• Strong project management skills with a proven delivery record.
• Ability to articulate thoughts clearly and logically.

Responsibilities

• Prioritising work, leading workstreams and driving strategy.
• Establishing links between DC Investments and consultants.
• Partnering with clients to deliver investment solutions.

Skills

Asset management knowledge

Project management skills

Business judgement skills

Strong external profile

Education

Strong academic/professional qualifications

Actuarial or equivalent investments background

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 Asset Management 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

The Asset Allocation team, is responsible for the management and growth of our diversified fund ranges with over £100bn of assets under management. The team brings experience across investment management, investment consulting, banking, and academia, working with pension funds, insurers and retail clients

Defined Contributions (DC) is an important and growing business for the Asset Allocation team and central to L&G's strategy. This individual will join the highly successful Asset Allocation team in DC Strategies

This team is responsible for the management of the Target-Date Fund and Lifetime Advantage Fund ranges (the DC Defaults for L&G) which are anticipated to have around £45bn AUM by the end of 2025.

As Deputy for the head of the team, the successful candidate will help to shape the future evolution of the strategy to ensure it continues to deliver the best value for our members. You'll also help shape the team in terms of culture and be heavily involved in setting the strategy for the team and individuals within the team

What you'll be doing:

• Prioritising work within the team, ensuring the remit is fully understood, risks are considered and commercial factors are thought through
• Leading several of the teams workstreams across the business
• Working in partnership with other investment functions across L&G Asset Management in order to bring the best of the various capabilities together to deliver dynamic and market leading investment solutions for our Target Date Funds and select strategic clients
• Driving forward the market focused elements of innovation with the Target Date Funds in conjunction with the broader Asset Allocation team
• Alongside the head of the team, derive the strategy for the team and help set objectives for all team members and then drive the strategy forward.
• Establishing where processes can be streamlined and risks reduced and look to ensure these changes are made by helping prioritising alongside the teams other work
• Providing a key link between DC Investments and the consultants to ensure we positions things appropriately
• Partnering with distribution and directly with L&G Asset Management clients to understand the challenges that DC clients face, and to deliver genuine solutions to their needs

Qualifications

Who we're looking for:

• Extensive asset management knowledge and experience and in particular relating to investments and markets. Knowledge of the DC landscape, ESG background desirable
• Actuarial or equivalent investments technical background desirable.
• Proven business and commercial judgement skills.
• Strong and credible external profile amongst investment consultants, clients and market participants
• Strong project management skills and a track record of delivery to various levels of seniority often within tight timeframes
• Manage and leverage key relationships within Investments, Distribution, the wider DC and Workplace teams and other L&G teams in order to grow this rapidly changing business.
• Ability to clearly articulate thoughts and ideas in a logical manner.
• Strong academic/professional qualifications background and/or experience gained in similar positions required.

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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