Transaction Execution 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. 

Are you an experienced Senior Business Analyst looking for your next move?

Legal & General Institutional Retirement have a new opportunity for a Senior Business Analyst to join the Strategic Transaction Execution team, which is part of the division’s Investments team.

This position plays an important role in leading business analysis on transaction projects established to source or manufacture, onboard and structure (securitise) new, strategically important Real Assets.  The role will help drive financial growth, operational excellence, and client satisfaction. Energy, creativity, and a collaborative approach are key behaviours that underpin this role.

What you’ll be doing

• Supporting Business Owners in the Investments team to purchase/ originate, manufacture, onboard and/ or structure the illiquid Real Assets that will fund pension liabilities and improve the profitability and price competitiveness of new pension risk transfer business.  Real Assets could include investments in affordable housing, mortgages, commercial property and clean energy, to name a few
• Working across L&G’s various Divisions and Group functions to understand current business practice and scope, elicit requirements and document the future-state Target Operating Model for new assets and/ or asset managers (including high level & detailed process flowcharts and process narratives)
• Contribute to developing business process solutions, including, for example, developing reporting requirements, designing the cash mechanics and partner governance model
• Working with management and stakeholders to support the new asset due diligence process, undertake operational impact assessments, scope and co-ordinate new process testing in Front Office teams and complete operational readiness checklists to ensure the new transaction receives go-live approval on time and is implemented smoothly
• Complete risk assessments and define the control framework to ensure that asset onboarding and ongoing operational processes are robust and efficient. 
• Supporting the team with cost management and reporting, supplier engagement, transaction status reporting and governance activities

Who we're looking for:

• This role would suit someone with a proven delivery track record of business change analysis with hands on experience in many of the following: creating operating models, requirements gathering, business process mapping, workflow development, data flows, MI, financial or capital reporting and an appreciation for operational risks & controls
• To be successful in this role, you'll have previous business analysis experience gained across medium to large scale projects in financial services organisations
• A background in one or more areas of Investments, Pensions, Asset & Liability Management, and a familiarity with illiquid assets (e.g. mortgages or property debt) and/ or asset structuring would be highly desirable. Some experience in a PMO role is also helpful
• Either a IIBA Certified Business Analysis Professional™ (CBAP®) or BCS (ISEB) International Diploma in Business Analysis, or similar level certification, is highly desirable
• The role does not involve IT systems or technology solution development.
• Excellent communication, interpersonal and presentation skills, and ability to influence stakeholders to support effective decision-making and manage smooth transaction delivery
• Strong collaboration skills to work with people at all levels/ disciplines
• Takes responsibility, has a can-do attitude, ready to self-manage and support multiple workstreams and/or initiatives concurrently

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.