Head of Market Solutions

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.

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 business is the UK's longest-serving active bulk annuity provider.

Our UK retirement annuity book stands at an estimated £86.1 billion at 31 December 2023.

Across our retail and institutional retirement businesses, we look after more than 1 million customers, around c.700,000 of whom are institutional customers who have had their retirement benefits secured with us.

We're looking for an experienced Head of Market Solutions to join our Institutional Retirement Investments team, leading the development and execution of investment strategy across both new business and in-force portfolios.

This is a senior role at the centre of balance sheet optimisation, offering the opportunity to drive innovative solutions across asset liability management, liquidity strategy, and capital‑efficient investing. You'll collaborate with senior stakeholders across the organisation, shaping strategic direction and delivering strong, risk‑adjusted outcomes aligned to long‑term objectives.

• Leading the identification and delivery of optimisation opportunities across portfolios within SAA and TAA frameworks to enhance risk‑adjusted returns
• Overseeing the asset side of new business execution, including transition management and hedging of pension schemes
• Developing and driving innovative solutions for balance sheet management across hedging, liquidity and capital efficiency strategies
• Partnering with stakeholders to generate ideas that improve pricing and optimise back‑book performance
• Shaping and delivering investment strategy with a focus on ALM and liquidity management
• Advising on regulatory developments and leading the delivery of associated change across the business
• Building and maintaining strong relationships with teams across Asset Management, Treasury, Finance and Risk
• Embedding strong conduct risk principles and controls to ensure consistent delivery of good customer outcomes

• Strong experience in asset liability management within insurance, asset management, or an institutional financial services environment
• Deep understanding of insurance balance sheets, capital frameworks and profit reporting regimes
• Strong knowledge of derivatives markets, including rates, FX, inflation and collateral requirements
• Strong understanding of Solvency II and broader regulatory frameworks
• Excellent analytical and quantitative capability, supported by a numerate degree or equivalent
• Proven ability to influence and collaborate with senior stakeholders across a complex organisation
• Strong commercial mindset with the ability to translate market insights into strategic outcomes
• Strategic thinker with the ability to lead through complexity and drive long‑term value

• 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 many discounts we offer - both for our own products and at a…