Quantitative Analyst

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 global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.  Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

Job Description We’re currently looking to hire a Quantitative Analyst to join L&G Asset Management.

As Quantitative Analyst you’ll help build and maintain systems and models which support the pricing, portfolio construction, and management of derivative strategies designed to hedge risks and enhance returns for Solution mandates

What you’ll be doing :

Working with the Portfolio Management team to deliver robust and easily accessible analysis of all Solutions Portfolio Management under management

Modelling the risks of using different asset strategies in fixed income and, where appropriate, other asset classes, to match pension scheme liabilities Leading development of pricing, risk, portfolio construction, and analytic tools for derivatives and derivative strategies, including databases and user interfaces developed to industry standards, e.g. using SQL, VBA, C#, Python as appropriate Representing Solutions Portfolio Management through participation in IT systems projects and business process projects that affect the team and related business areas.

Ensuring effective utilisation of enhanced data, analytic, risk engine, and portfolio management capabilities Collaborating with associated teams (e.g. collateral management/margining; derivative pricing) to ensure new operational/business processes are implemented in the most effective and efficient way Ensure relevant instruments are priced and analysed in line with market conventions and methods and can be reported on appropriately To include evaluating actual and potential collateral use where products are collateralised or margined Ensuring that any actions taken with respect to managing client portfolios are in accordance with L&G Asset Management’s Treating Customers Fairly policy Who we’re looking for:

Strong academic/professional qualifications background and/or experience gained in similar positions. Master’s or PhD in quantitative discipline desirable Knowledge of risk management instruments, including gilts, credit, interest rate & inflation swaps, gilt repos, gilt total return swaps, swaptions, equity options, equity futures & TRS and FX forwards Interest in the markets as it relates to pension schemes, insurance portfolios, and to de-risking High degree of proficiency with IT & programming skills.

Familiarity with LLM-supported coding desirable Understanding of successful design, implementation, and on-going management of risk management strategies for clients Building and maintaining models for pricing, portfolio construction, and management of derivative strategies designed to hedge risks and enhance returns Ability to engage with the Portfolio Managers and other stakeholders, to work independently, and be proactive in suggesting improvements to existing processes Whatever your role, we…