Investment Manager - Risk Sharing

Institutional Retirement is the only insurer to have been operating continuously in the UK market from our entrance in 1987 to the present day. 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 Investment Manager to join our growing Risk Sharing team. This is an exciting opportunity to help shape innovative asset‑backed solutions that optimise our balance sheet and support the wider group’s strategic goals. Working collaboratively across multiple business areas, you’ll contribute to structuring, analysing and delivering transactions involving assets such as mortgages, property and fund‑finance exposures. If you enjoy problem‑solving, building strong relationships and working in a dynamic environment, we’d love to hear from you.

What you'll be doing:

Developing asset‑backed solutions by working with internal teams and external partners to share or distribute selected risks

Building and enhancing financial models to evaluate opportunities, incorporating risk, return, capital and regulatory considerations

Designing solutions that optimise the portfolio’s risk profile and support investment performance

Drafting and presenting governance materials, engaging stakeholders to build support for new initiatives

Collaborating across teams such as Asset Management, Group Treasury, Finance, Legal, Risk and Tax to ensure seamless implementation of transactions

Strengthening relationships with internal and external stakeholders to support market engagement and deliver high‑quality outcomes

Originating, pitching, negotiating and executing risk‑sharing transactions with third‑party organisations

Demonstrating behaviours aligned with our values, including prioritising fair customer outcomes

Who we're looking for:

Undergraduate degree in a quantitative discipline (e.g. Mathematics, Physics, Finance, Computer Science) or Accounting/Management, or equivalent experience

Experience in structured finance, fixed‑income products or insurance, ideally gained within a bank, insurer, asset manager or consultancy

Skilled in developing complex, dynamic financial models for debt or asset‑backed investment analysis

Strong interpersonal and communication skills, with confidence working with senior stakeholders

Comfortable working in a fast‑paced, evolving environment and delivering high‑quality outcomes to deadlines

Collaborative approach, with the ability to build positive working relationships across multiple teams

Strong MS Excel capability, with additional modelling tools beneficial

Initiative, adaptability and a proactive mindset when solving challenges

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

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 the many discounts we offer – both for our own products and at a range of high street stores and online

We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.