Investment Manager TAA and Sovereigns (Sovereign Bonds)

Location: London, United Kingdom

Company

Legal & General is a major UK financial services group and global investor providing retirement, insurance, pension risk transfer, and asset management solutions.

What you will do

• Lead oversight of the sovereigns investment mandate, defining risk appetites and objectives and assessing performance.
• Develop initiatives to improve the investment framework, portfolio diversification, opportunity set, and governance processes.
• Contribute to tactical asset allocation, cross-asset trading, relative-value analysis, and portfolio optimisation.
• Monitor sovereign portfolio exposures, market developments, portfolio changes, trade execution, and liquidity considerations.
• Create and maintain risk and performance metrics and tools for portfolio assessment.
• Collaborate with ALM, Asset Management, Investment Operations, Investment Strategy, Finance, and other stakeholders on portfolio analytics, governance papers, and timely management information.

Requirements

• Strong quantitative skills demonstrated through a quantitative degree, postgraduate qualification, or equivalent experience; CFA or equivalent is preferred.
• Deep understanding of sovereign bonds, interest rate derivatives, and risk analysis, ideally in an insurance ALM environment.
• Experience managing or overseeing sovereign bond investments and interest rate derivatives, with contributions to asset allocation or portfolio management decisions.
• Knowledge of insurance balance sheet management, regulatory frameworks, and capital and profit reporting regimes is desirable.
• Experience in insurance or liability-driven investment contexts, including governance and risk management processes.
• Strong communication, stakeholder-management, mentoring, and collaborative leadership skills.

Culture & Benefits

• Annual performance-related bonus plan and share schemes.
• Generous pension contribution, life assurance, and healthcare plan for permanent employees.
• At least 25 days of holiday plus public holidays, increasing to 26 days after two years, with the option to buy and sell holiday.
• Competitive family leave and an electric car salary-sacrifice scheme for permanent employees.
• Inclusive culture with career development opportunities and collaboration across diverse teams.
• Flexible working options, including part-time, term-time, and job-share arrangements, where business needs allow.