Financial Risk Modelling Senior Manager

Legal & General 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 recruiting for a Financial Risk Modelling Senior Manager to join us. We’re offering a competitive base salary, 12% car allowance and a strong benefits package. As well as the opportunity to lead on the delivery of financial risk metrics and the implementation, development and improvement of associated models.

You will also deliver balance sheet stresses and sensitivities, supporting analysis and commentary aligned with stakeholders’ needs.

What you'll be doing

• Leading and managing the delivery of financial risk modelling, across a number of financial risk metrics including IFRS 17 sensitivities, Solvency II / Solvency UK sensitivities, ALM management information and MA portfolio tests.
• Running stress tests and “what if” scenarios to review the effect this will have on our SCR
• Reviewing results and assessing the risks faced by the business
• Recommending and implementing strategies to mitigate risks and reduce exposure to serious events
• Working closely with the internal model team to develop and run stress tests

Who we're looking for:

• Qualified Actuary with experience in Life Insurance
• Good technical understanding of Solvency II and capital reporting
• Experienced in running SSTs
• Good capital modelling experience
• Strong understanding of SCR and the associated regulations
• Strong communication skills, and ideally experience of leading actuarial teams (this role does not have direct line reports, but includes leadership by coordination across various teams)

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   
• Private medical insurance
• At least 27 days holiday, plus public holidays. 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 
• 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 

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming 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 strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.