Head of Tactical Asset Allocation, Sovereigns and Portfolio Oversight
- London
- Full-time
- Investments
__jobinformationwidget.freetext.ExternalReference__
3626_17529
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
Join our dynamic team as the Head of Tactical Asset Allocation (TAA), Sovereigns and Portfolio Oversight. In this senior leadership role, you will be instrumental in shaping our Tactical Asset Allocation (TAA) strategy, managing sovereign exposures, and overseeing our Institutional Retirement’s annuity portfolio. Collaborate with a diverse team to drive our portfolio management objectives and deliver exceptional outcomes for our clients
What you'll be doing:
- Developing the TAA and associated portfolio management opportunities, ensuring alignment with Institutional Retirement’s objectives and compliance with Strategic Asset Allocation and group limits
- Managing the sovereign portfolio, including oversight of Institutional Retirement Investments ALM team, ownership of relevant risk appetites, and continuous development of the investment framework for sovereigns to maximise risk-adjusted returns
- Monitoring the portfolio using bespoke tools (e.g., Beta MI, WARF monitoring) to support financial and risk management objectives, assessing relative value of investments across asset classes, and proposing optimisation opportunities
- Collaborating with Asset Management, Investment Operations, Investment Strategy, and Finance to improve portfolio analytics and availability of timely management information (MI) to support portfolio management and tactical portfolio optimisation
- Building relationships and effectively collaborating with key stakeholders internally and externally to ensure appropriate communication and consistency of approaches
- Providing leadership to ensure that people, systems, processes, and controls are in place for an effective and well-controlled investment function, prioritising customer interests and delivering good customer outcomes
- Leading and managing employees, ensuring consistent application of the Group’s policies and procedures, including the Partnership Agreement, to maximise business performance
- Continuously developing the investment framework for sovereigns to maximise risk-adjusted returns under the framework
Who we're looking for:
- Outstanding quantitative skills with a numerate degree or equivalent experience, demonstrating strong analytical and problem-solving abilities
- Qualified actuary or CFA desirable, showcasing a high level of professional expertise and commitment to continuous learning
- Experienced people manager with a track record of building and developing high-performing teams
- Strong understanding of insurance company balance sheets, including both capital and profit reporting regimes, ensuring comprehensive financial oversight
- In-depth knowledge of the Solvency UK regulatory framework and other local regulatory frameworks, including US & Bermuda, to ensure compliance and strategic alignment
- Demonstrable understanding of asset valuation concepts and models
- Extensive capital market knowledge and understanding of all major asset classes
- Proven experience in portfolio management, particularly in fixed income and sovereign bonds
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
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.
Great news! We will let you know when a new job like this has been added!
VideoUrl
https://www.youtube.com/watch?v=djTs2V4JUFs
Our businesses
There’s so much more to us than meets the eye. We’re insurers, investors, builders, city-regenerators and green technology champions. And whatever the future holds, our people’s knowledge, skill and passion will mean we’re placed to make a real difference to society.
Read MoreWorking for us
Here, your actions and ideas come to life in exciting and meaningful ways. Ours is a story of evolution, a journey we can go on together. Ours is a culture of trust and collaboration, genuinely caring about society and one another. At Legal & General, your story will be anything but familiar.
Read MoreSimilar roles
Salary
Location
London
Business Unit
Legal & General Retail
Job Family
IT & Change
Location
London
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We have an exciting new opportunity for a Staff Engineer to join our expanding software development team. In this pivotal role, the Staff Engineer will leverage extensive skills and experience to lead
Reference
e405af9f-f653-4b42-81fd-ea48f7f3f9a9
Expiry Date
01/01/0001
Salary
Location
Cardiff
Business Unit
Legal & General Group Functions
Job Family
HR
Location
Cardiff
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Fixed Term Contract
Description
We’re recruiting for an Employee Relations Consultant to join us. We’re offering a competitive base salary. At Legal & General, we believe in creating a workplace where everyone feels valued, supporte
Reference
55dbd33c-b364-4aef-9c46-1cef28c8c37b
Expiry Date
01/01/0001
Salary
Location
London
Business Unit
Legal & General Group IT & Digital
Job Family
IT & Change
Location
London
Full Time/Part Time
Full-time
Permanent/Fixed Term Contract
Permanent
Description
We're looking for an experienced Engineer to join our expanding Mobile Engineering team. In this leadership role, you'll not only apply your strong technical expertise to contribute directly to the te
Reference
f71629ee-695e-4da3-a966-e46f6b5809d6
Expiry Date
01/01/0001
Our latest posts

Teaser
Future TalentContent Type
BlogPublish date
06/19/2025
Summary
Starting your career journey is an exciting milestone, and finding the right opportunities to develop your skills and gain valuable experience is essential. At Legal & General (L&G), we are prou

by
Enrique Rodriguez

Teaser
Finance & ActuaryContent Type
BlogPublish date
06/19/2025
Summary
The finance sector is transforming faster than ever, with new technologies, complex regulations, and evolving business models shaping the way organisations operate. At Legal & General (L&G), t

by
Enrique Rodriguez

Teaser
Finance & ActuaryContent Type
BlogPublish date
06/04/2025
Summary
Tax careers at Legal & General (L&G) are about influence, integrity, and impact. As one of the UK’s leading financial services companies, we rely on our tax professionals to help shape strategic

by
Enrique Rodriguez

Teaser
GeneralContent Type
BlogPublish date
05/29/2025
Summary
London has long been a magnet for ambition, a global city where industries evolve, opportunities multiply, and careers are built. There’s something for everyone, from experienced professio

by
Enrique Rodriguez

Teaser
Customer Service & SalesContent Type
BlogPublish date
05/29/2025
Summary
At Legal & General (L&G), customer satisfaction is our top priority. It’s more than answering questions. It’s about making a real difference in people’s lives. From the Pensions Helpline to Grou

by
Enrique Rodriguez

Teaser
Executive LeadershipContent Type
BlogPublish date
04/25/2025
Summary
The traditional top-down leadership model is becoming increasingly obsolete. In today’s complex, fast-paced world, the most effective leaders are collaborative, emotionally intelligent, and, most i

by
Enrique Rodriguez

Teaser
Finance & ActuaryContent Type
BlogPublish date
04/24/2025
Summary
In an era where data drives decision-making across every industry, the role of the actuary is evolving at an unprecedented pace. At Legal & General, we recognise that the traditional actuarial

by
Enrique Rodriguez

Teaser
Technology, Digital & DataContent Type
BlogPublish date
04/24/2025
Summary
Digital transformation is no longer a future ambition; it’s a present-day imperative. As organisations accelerate their adoption of emerging technologies, the role of IT professionals has

by
Enrique Rodriguez

Teaser
GeneralContent Type
BlogPublish date
04/02/2025
Summary
At L&G, we pride ourselves on putting our people first and caring about every individual and their future. That’s why we offer a range of employee benefits, to help you manage your money, your h

by
Enrique Rodriguez
.jpg)
Teaser
InvestmentsContent Type
BlogPublish date
04/02/2025
Summary
Private markets are no longer a niche asset class; they’ve become a cornerstone of modern investment strategies. As traditional public markets face increasing volatility, institutional investo

by
Enrique Rodriguez