Investment Manager TAA and Sovereigns

Location: London, United Kingdom; hybrid

Company

Legal & General is a UK financial services group and global investor providing retirement, protection, pension risk transfer, life insurance, and workplace pension solutions.

What you will do

• Lead oversight of the sovereigns mandate, defining risk appetites and objectives, assessing performance, and improving the investment framework and portfolio diversification.
• Contribute to Tactical Asset Allocation, cross-asset trading, portfolio management, and optimisation opportunities by assessing relative value across asset classes.
• Monitor sovereign portfolio exposures and provide challenge and guidance on risk, market developments, portfolio changes, trade execution, and liquidity.
• Create and maintain risk and performance metrics and tools for sovereign portfolio assessment.
• Build relationships with Institutional Retirement Investments ALM teams and Asset Management investment managers.
• Prepare governance papers and collaborate with ALM, Investment Operations, Investment Strategy, and Finance to improve portfolio analytics and management information.

Requirements

• Strong quantitative skills supported by a quantitative degree, postgraduate qualification, or equivalent experience.
• 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 portfolio analysis, portfolio management, and asset allocation concepts.
• Experience in insurance or liability-driven investment contexts, including governance and risk management processes.
• Strong communication, stakeholder-management, mentoring, and collaborative leadership skills.

Nice to have

• CFA or equivalent qualification.
• Knowledge of insurance balance sheet management, regulatory frameworks, and capital and profit reporting regimes.

Culture & Benefits

• Annual performance-related bonus plan and share schemes.
• Generous pension contribution, life assurance, and healthcare for permanent employees.
• At least 25 days of holiday plus public holidays, with options to buy and sell holiday.
• Competitive family leave and an electric car salary-sacrifice scheme for permanent employees.
• Inclusive culture, flexible working options, and sustainable modern offices across the UK.