Senior Product Manager

Legal & General supports the savings, protection and retirement needs of around 14 million people, through our portfolio of retail and workplace businesses.

Our Retail division helps people enjoy a more colourful retirement, both directly and through their employers, including Lifetime Mortgages, Retirement Interest Only Mortgages and financial advice on our range of lending products.

We are the UK’s number one individual life insurer, and also provide Group Protection products for employers – all helping people to plan for the unexpected. We support home buying through our Mortgage Club – the UK’s largest – and our award-winning Surveying Services team. And our fintech team finds and supports socially useful start-ups and scale-ups working in the workplace, home, insurance and wealth areas.

Joining us means helping create brighter financial futures for all our customers. 

We’re recruiting for a Senior Product Manager to join us. You'll manage the launch, maintenance and development of market leading, compliant Workplace Savings products, propositions and investment solutions.

What you'll be doing:

• Managing the oversight and governance of products, propositions, and investment funds available for clients and members of Workplace Savings, ensuring they comply with industry regulations and mitigating any potential operational and legal risks to which Legal & General might be exposed
• Leading the launch, maintenance, development and closure of products, propositions, and investment funds in accordance with the Product Process and Customer Conduct Risk Policy, ensuring these are designed and developed to meet the needs, characteristics, and objectives of customers in an identified target market to comply with the Consumer Duty
• Leading the regular review of risks and performance of products and propositions to ensure they continue to meet the needs, characteristics and objectives of the target market and are delivering good customer outcomes
• Ensuring the Workplace Savings Product team adheres to the Risk Management Framework, by recording and reviewing product related risks in the central risk management system, in partnership with the Operational Risk team and colleagues across the Workplace Savings business
• Undertaking regular value for money assessments on all products in line with group and divisional standards and escalate any fair value concerns to senior management to enable appropriate action to be taken
• Interfacing with other internal business areas and external third parties to present, discuss and agree product and proposition plans and initiatives, including the provision of business cases where necessary to justify expenditure
• Developing close working relationships with colleagues throughout Legal & General, thereby achieving agreed business critical objectives by making extensive use of communication skills, personal expertise and contact network to achieve the required outcome
• Responding to product, proposition, and investment related queries from internal business units, and participate as necessary in business as usual and product related activities associated with Risk, Group Conduct Monitoring and Internal Audit reviews and recommendations

Who we're looking for:

• Professional qualifications from the Pensions Management Institute (PMI) in relation to Workplace pensions, or investment qualifications are desirable. Alternatively, equivalent experience required

• Significant experience and knowledge of the Workplace defined contribution market dynamics and regulatory landscape
• Extensive knowledge of pension products and / or investment solution design and strategy
• Commercial awareness of the competitive landscape to ensure that products and propositions are well positioned.
• A good understanding of corporate client needs.
• Ability to manage conflicting priorities against challenging timescales.
• Strong interpersonal and verbal communication skills

• Significant experience within a product or proposition team of a Workplace pension provider, asset manager and/or EBC
• Experience within a risk led, governance-oriented environment and specifically of product design, build, amend processes and of providing clear and complete documentation and compliance evidence trails

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

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.