Company Description
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.
Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.
Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.
Job Description
We’re recruiting for a Regulatory Affairs Consultant to join our team. In this role, you will play a vital role in delivering the Group’s regulatory strategy with responsibility for proactively managing L&G’s relationship with the Prudential Regulation Authority (PRA), Bank of England (BoE) and Financial Conduct Authority (FCA) as required.
You will be responsible for coordinating the delivery of prudential regulation imperatives (PSM actions, Information Requests, Thematic Reviews, Regulatory Change) as well as supporting SMFs prepare for interviews and provide advice to the business on the PRA’s agenda.
What you’ll be doing:
- Maintaining positive and transparent regulatory relationships on behalf of the Group and its regulated entities with the PRA including ensuring SMFs are appropriately briefed in advance of regulatory meetings, interviews and investigations and information requests and actions are responded to within appropriate timeframes
- Coordinating groupwide consultation responses to the PRA and ensure appropriate read across to and consideration for publications by other regulatory bodies (e.g. FCA, BMA)
- Coordinating the delivery of regulatory imperatives to a consistently high standard within agreed timescales including PSM actions
- Maintaining a full and accurate audit trail of information flows between Legal & General and the FCA / PRA
- Ongoing review, analysis, and interpretation of management information from across L&G to inform reporting to governance fora and identify areas for further consideration / oversight
- Preparing regular reports for Board and Executives on the relationship with the PRA and progress against regulatory expectations
- Developing and maintaining productive relationships across Risk and the supported Business Units, including providing guidance on regulatory engagement and trends within the wider environment
- Advising the business on PRA regulation supporting the business to deliver its strategy in a safe and compliant way
Qualifications
Who we’re looking for:
- Good knowledge of the PRA Rulebook and associated documents so that relevant rules and guidance can be identified and interpreted quickly
- Good knowledge and understanding of the regulatory priorities for the sectors and markets in which L&G operates
- Ability to maintain effective relationships with management and external parties
- Ability to devise practical solutions to problems and processes
- Recent experience of working at the PRA / BoE, or proactively managing the relationship with the PRA on behalf of a regulated firm
- Excellent written and verbal communication skills to ensure high quality delivery of management information and presentations in meetings and other forums
- Experience of interpreting and implementing regulatory change
- Ability to apply effective thought leadership to produce insightful, high-quality briefings and reports to senior management and the Board
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
Additional Information
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, 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 strive to be open, mindful, and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs. 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.
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.
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