Regulatory Affairs Manager

Legal & General is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, aiming to build a better society for the long term by investing our customers’ money in things that make life better for everyone and create value for our shareholders.

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.

The L&G Regulatory Affairs Manager 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) and Bank of England (BoE) through supporting SMFs prepare for interviews and manage responses to key regulatory developments published by the PRA. In addition, the role holder will manage and maintain the Group Regulatory Engagement Policy in line with L&G’s Risk Framework.

What you'll be doing:

• Setting, maintaining and managing the Regulatory Engagement Policy ensuring Divisional teams comply with the requirements and breaches are appropriately escalated and reported, and overall to ensure the delivery of fair customer outcomes, and appropriate risk mitigation in line with our Conduct Risk appetite
• Maintaining positive and transparent regulatory relationships on behalf of the Group and its regulated entities in relation to 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)
• Operating as the technical expert on PRA regulatory matters across the Group. Responding to technical queries, hosting of awareness raising events, such as lunch and learns, to help other members of Risk to upskill
• Ongoing review, analysis, and interpretation of management information from across L&G. Building on this to contribute to thought leadership, reports for governance fora and identify areas for further consideration / oversight
• Responsible for the integrity of records maintained within the Regulatory Affairs team including in respect of regulatory interactions and provide assurance to the Head of Regulatory Affairs and Colleague Conduct, and Information Security and Data Protection functions that all aspects of data protection, retention and deletion requirements are met in line with company requirements and regulatory expectations
• Preparing regular reports for Board and Executive committees on the relationship with the PRA and progress against PSM actions, including how well SMF owners are meeting their responsibilities
• Leading in all matters regarding the management of the Regulatory Affairs (PRA) team ensuring that management discretion is used in a consistent manner and that the area follows the Group’s policies and procedures including the Partnership Agreement to maximise business performance.

Who we're looking for:

• Strong knowledge of insurance, investment management and retirement products/sectors.
• Strong knowledge of the PRA Rulebook and associated documents so that relevant rules and guidance can be identified and interpreted quickly.
• Strong knowledge and understanding of the regulatory priorities for the sectors and markets in which L&G operates.
• Excellent written and verbal communication skills to ensure high quality delivery of management information and presentations in meetings and other forums.
• High attention to detail and ability to work effectively, both individually and within a team.
• Ability to maintain effective relationships with management and external parties.
• Ability to deliver practical solutions to problems and implement improvements to systems, processes, or controls.
• Extensive experience in financial services, preferably life, pensions, and asset management sectors.
• Excellent at providing technical compliance and risk advice and guidance which is well calibrated with consideration of business and regulatory priorities.
• Strong experience and comfortable influencing at all levels.
• Sound judgement in the effective management of issues.
• Strong drafting skills.
• Logical thinking in the management / collation of regulatory applications / returns.
• Experience in people management/supervisory roles with responsibility for performance management and employee wellbeing.

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 (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 
• 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.