Financial Risk Modelling - Senior Manager (12 Month Maternity Cover)

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 division provides pension risk transfer (PRT) solutions for UK and US defined benefit (DB) schemes, and reinsurance solutions from our global hub in Bermuda. We work with companies, DB pension schemes and their advisors to help them secure and protect scheme members’ retirement benefits.

Joining us means you’ll support customers’ financial security in retirement; help companies to settle their pension liabilities and focus on growing their businesses; and enable investment for the long term to back our pension promises.

We’re looking for a Qualified Actuary to join us as a Financial Risk Modelling - Senior Manager on a 12 Month Fixed Term Contract, to cover Maternity Leave.

This is a pivotal role in the Institutional Retirement (“IR”) Finance division and in it you will lead on the development and delivery of financial risk metrics and modelling across our business with a key focus on SCR. You’ll work collaboratively with a wide range of stakeholders, driving strategic change, and ensuring our models and processes are robust, compliant, and future-ready.

If you’re passionate about financial risk and want to make a meaningful impact, we’d love to hear from you.

This role is a Hybrid working opportunity, which will allow you to split your working week between your home and our London office to find a work life balance that works for you.

What you'll be doing:

• Leading the ownership and development of financial risk models across IR Finance
• Collaborating across teams to deliver stressed capital requirements and financial risk metrics
• Owning reporting processes and workflows for balance sheet stress testing
• Driving continuous improvement in modelling efficiency and effectiveness
• Prioritising and implementing strategic changes to systems, processes and controls
• Embedding a strong risk and control mindset across modelling activities
• Managing relationships with internal and external stakeholders, including auditors and Group Finance
• Supporting the delivery of good customer outcomes through financial risk insights

Who we're looking for:

• Qualified Actuary (FIA or FFA) or demonstrable equivalent expertise in Life Insurance
• Strong Capital Modelling experience, ideally with the use of Stochastic Models
• Understanding IFRS 17, Solvency II / Solvency UK and asset classes used in annuity products
• Ability to communicate complex ideas clearly and effectively to varied audiences
• Leading cross-functional collaboration to ensure delivery
• Applying sound judgement and analytical thinking to financial risk challenges
• Showing flexibility and adaptability in a changing regulatory environment
• Building and maintaining effective stakeholder relationships across the business

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:

• Competitive Base Salary + Car Allowance
• The opportunity to participate in our annual, performance -related bonus plan
• Generous pension contribution
• Life assurance
• 30 days annual leave, plus public holidays.
• Competitive family leave
• 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

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.