Senior Investment Analyst - Structured Credit & Mortgages

L&G; Greater London; On-site; GBP 80,000 - 110,000; Full time

Benefits offered by this job

Bonus plan

Share schemes

Life assurance

Healthcare plan

25+ days holiday + buy/sell option

Electric car scheme

Discounts

Net-zero offices

Job summary

Legal & General (L&G) is seeking a Senior Investment Analyst for Structured Credit & Mortgages in London. You will assess new investments, monitor portfolios and support risk, liquidity and governance processes within Institutional Retirement Investments.

The role suits someone with credit, fixed income and structured finance expertise, ready to broaden asset class experience. You’ll analyse cashflows, collateral and rating agency materials, build investment papers and interact with

Qualifications

• A strong grounding in credit analysis, fixed income, investments or a closely related area.
• Relevant experience gained within investments, banking, structured finance, credit, a rating agency, actuarial or advisory environment.
• Exposure to structured finance concepts and an understanding of how cashflows, collateral, ratings and structural protections interact.
• Strong Excel and financial modelling capability.
• Confidence analysing information and turning it into clear, evidence-based conclusions.
• Strong written and verbal communication with good attention to detail.
• Curiosity and an appetite to learn new asset classes and investment topics.
• A collaborative and adaptable approach to working across different teams and priorities.

Responsibilities

• Supporting the underwriting and assessment of new structured credit and mortgage investments.
• Analysing financial information, cashflows, structures, collateral and key investment risks.
• Reviewing transaction documentation, rating agency materials and due diligence.
• Researching structured credit markets, issuance trends and relative value.
• Working with Asset Management colleagues and overseeing relevant investment mandates.
• Monitoring portfolios, performance, risk metrics and emerging issues.
• Preparing investment papers and governance materials for decision-making.
• Building your knowledge across structured credit, private fixed income and insurance investing.

Skills

Credit analysis

Fixed income

Structured finance

Excel

Financial modelling

Communication

Job description

Senior Investment Analyst - Structured Credit & Mortgages

• Full-time
• Permanent/Regular or Fixed Term Contract/Temporary: Permanent (UK and ROW) / Regular (US)
• L&G Business Unit: Legal & General Retirements Institutional
• L&G sub Business Unit: INSTITUTIONAL RETIREMENTS
• Primary Location: London, One Coleman Street
• Job Family: Investments

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 Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer.

Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.

Who we are

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

We’re looking for a Senior Investment Analyst to join our Structured Credit & Mortgages team within Institutional Retirement Investments. You’ll help assess new investments, monitor existing portfolios and work across areas including securitisations, mortgages and other asset-backed opportunities.

This could suit someone coming from investments, banking, structured finance, credit, a rating agency, actuarial or advisory background who has strong analytical foundations and wants to broaden their investment experience.

What you'll be doing:

• Supporting the underwriting and assessment of new structured credit and mortgage investments
• Analysing financial information, cashflows, structures, collateral and key investment risks
• Reviewing transaction documentation, rating agency materials and due diligence
• Researching structured credit markets, issuance trends and relative value
• Working with Asset Management colleagues and overseeing relevant investment mandates
• Monitoring portfolios, performance, risk metrics and emerging issues
• Preparing investment papers and governance materials for decision-making
• Building your knowledge across structured credit, private fixed income and insurance investing

Who we're looking for:

• A strong grounding in credit analysis, fixed income, investments or a closely related area
• Relevant experience gained within investments, banking, structured finance, credit, a rating agency, actuarial or advisory environment
• Exposure to structured finance concepts and an understanding of how cashflows, collateral, ratings and structural protections interact
• Strong Excel and financial modelling capability
• Confidence analysing information and turning it into clear, evidence-based conclusions
• Strong written and verbal communication with good attention to detail
• Curiosity and an appetite to learn new asset classes and investment topics
• A collaborative and adaptable approach to working across different teams and priorities

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

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.