Senior Regulatory Consultant - Defined Benefits

Legal And General Group; Glasgow; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading UK financial services group in Glasgow is seeking a Senior Regulatory Consultant to ensure regulatory compliance in Client Services. The ideal candidate will have pension qualifications and a strong understanding of pension legislation. Responsibilities include conducting gap analyses, tracking regulatory risks, and engaging with stakeholders. This role offers a rewarding compensation package with a focus on 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

• Strong attention to detail and professional integrity.
• Ability to manage multiple projects and meet deadlines.

Responsibilities

• Acting as a first line control for regulatory change.
• Conducting gap analyses and supporting remediation planning.
• Reviewing governance frameworks and internal controls.
• Tracking and reporting on regulatory risks.
• Preparing and delivering management information reports.
• Engaging with stakeholders to present findings.
• Supporting regulatory projects and embedding required changes.
• Liaising with third-party administrators.

Skills

Pension qualifications such as PMI or equivalent experience

Strong understanding of defined benefit pension schemes

Knowledge of governance frameworks and Consumer Duty principles

Experience building relationships across teams

Clear written and verbal communication skills

Strong analytical and problem-solving abilities

Job description

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 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.

Job Description

We’re recruiting for a Senior Regulatory Consultant to join us. At Legal & General, we’re building a better society by investing in the things that matter most—housing, health, and infrastructure. As a Senior Regulatory Consultant, you’ll play a key role in ensuring our Client Services team meets the highest standards of regulatory compliance and governance. You will assess, track, analyse and monitor activities related to regulatory compliance, governance, and risk management, including Consumer Duty within PRT Client Services.

This will include liaison with regulatory bodies, L&G Group and Institutional Retirement colleagues to ensure all requirements are understood, adhered to, clearly documented and shared and risks appropriately managed and mitigated as appropriate. We’re looking for someone who thrives in a collaborative environment and is passionate about delivering good outcomes for customers.

What you’ll be doing:

• Acting as a first line control for regulatory and legislative change
• Conducting gap analyses and supporting remediation planning
• Reviewing governance frameworks and internal controls
• Tracking and reporting on regulatory risks and events
• Preparing and delivering management information reports
• Engaging with stakeholders to present findings and recommendations
• Supporting regulatory projects and embedding required changes
• Liaising with third‑party administrators and monitoring performance

Qualifications

Who we’re looking for:

• Pension qualifications such as PMI or equivalent experience
• Strong understanding of defined benefit pension schemes and legislation
• Knowledge of governance frameworks and Consumer Duty principles
• Experience building relationships across teams and with external partners
• Ability to manage multiple projects and meet deadlines
• Clear written and verbal communication skills
• Strong analytical and problem‑solving abilities
• High attention to detail and professional integrity

Benefits

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.