Working style: Hybrid 50% home/office based
We are seeking an experienced and highly skilled Asset Liability Management (ALM) Investment Manager to join our team based in either our Edinburgh or London office.
The annuity business is a key area of growth for Royal London. We believe that we are ideally placed to be a partner of choice for our clients, helping to build financial resilience while providing an attractive return on capital, diversification, and future financial protection for existing Profit Share members and Royal London.
This newly created role is within Royal London’s Investment Office, part of the team responsible for the investment management of our annuities and BPA business.
You will work closely with the Bulk Purchase Annuity (BPA) teams, leading the investment execution of new business, managing onboarding, developing strategies, and supporting the ongoing management of the Matching Adjustment portfolio.
This role recognizes the technical expertise needed within the Investment Office to shape and innovate our BPA strategy and solutions.
About the role
1. Support the bulk annuity teams, leading the investment execution of new business.
2. Develop and recommend strategies to manage market risks during onboarding of new business.
3. Develop strategies to further optimize risk-adjusted return on capital and liquidity through effective asset-liability management (ALM).
4. Collaborate with asset managers and colleagues to develop effective trading strategies and implement changes.
5. Review trading and new investments to ensure the portfolio operates within ALM and liquidity tolerances.
6. Lead the development and implementation of new derivative and hedging capabilities to support BPA business.
About you
1. Experience in investment and ALM work, Solvency II/Solvency UK work for insurers, either at an insurer, asset manager, or in consulting.
2. Actuary (FIA or FFA), CFA holder, or equivalent, with understanding of investments, derivatives, and asset-liability management for annuity business.
3. Proficiency in financial modelling and analysis using R, Python, MATLAB, and/or VBA, with the ability to develop and test models for ALM and optimization purposes.
4. Strong communication skills to liaise professionally with colleagues across the business and externally.
About Royal London
We’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings, and asset management products and services.
Our commitment to our colleagues is to foster an inclusive, responsible, enjoyable, and fulfilling workplace, underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate, Achieve.
We offer great workplace benefits such as 28 days of annual leave plus bank holidays, up to 14% employer-matching pension scheme, and private medical insurance. See all our benefits here.
Inclusion, diversity, and belonging
We celebrate and value diverse backgrounds and cultures at Royal London. Our diverse perspectives enhance our skills and are recognized and respected, regardless of background.
Please note: If you are not a passport holder of the country for the vacancy, you might need a work permit. Check our Blog for more information.
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Created on 26/04/2025 by TN, United Kingdom.
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