Senior Investment Analyst, Private Mortgages

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 At Legal & General, we're looking for a commercially minded quantitative investment analyst to join our specialist private mortgage investments team. This is an exciting opportunity to work across an 8bn mortgage portfolio while helping assess and structure new investment opportunities that support long-term customer outcomes.

You'll combine technical modelling expertise with commercial judgement, working across mortgage-backed investments, securitisation structures and consumer-credit assets. Whether analysing existing transactions or evaluating new opportunities, you'll play an important role in helping shape investment decisions

What you’ll be doing :

Structuring and executing private securitisation transactions, including asset cashflow, capital structure and investor return analysis

Managing periodic note issuances from private securitisation programmes, including cashflow analysis and engagement with rating agencies

Assessing new mortgage and consumer-credit investment opportunities across a range of lending assets

Analysing rating, structural, capital and profitability impacts on prospective and existing transactions

Supporting the design, execution and ongoing management of securitisation and funding structures

Producing scenario analysis, transaction modelling and investment recommendations to support decision-making

Collaborating with portfolio management, risk, finance, legal and governance teams across the investment lifecycle

Contributing to covered bond, RMBS and wider structured finance initiatives, helping shape future funding and investment strategies

Who we’re looking for:

Experience in quantitative analysis, structuring, securitisation or structured finance

Strong cashflow modelling and financial analysis skills

Understanding of residential mortgages, consumer credit, asset-backed lending or securitised products

Ability to interpret complex modelling outputs and translate findings into commercial recommendations

Experience gained within an insurer, bank, asset manager, rating agency or similar environment

Strong stakeholder management and communication skills

Curiosity and willingness to learn new asset classes, funding structures and investment products

Experience of covered bonds strongly preferred VBA, Python or R skills would be beneficial

Whatever your role, we reward performance and behaviour with a package that…