LGIM is the investment management arm of Legal & General Group, a FTSE 100 company. We are one of Europe's largest asset managers and a major global investor, with assets under management of £983.3bn* (as at 31 December 2017). Our success has been built by focusing on clients and providing them with services and solutions that meet their needs. We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of institutional and retail investors.
LGIM is one of the world's leading providers of index fund management. We are at the forefront of developments in liability-driven risk management solutions for defined benefit pension schemes, a leading provider of defined contribution solutions and also offer wide range of strategies to help our clients manage their investment objectives. LGIM continues to innovate as markets evolve, building strong relationships with clients including pension scheme, sovereign wealth funds, wealth managers and other professional investors.
We understand that our scale brings responsibilities. We play an active role in the companies we invest in, from exercising shareholder voting rights to directly engaging with companies at a board level. By engaging with businesses, we aim to unlock value for investors and shape the future and sustainability of financial markets.
In addition to having a leading position in the UK, we have selectively expanded into new markets across Europe, the Middle East, Asia and the US. We believe that translating our capabilities to reflect the needs of our international clients will mean we are well placed to help them achieve their objectives.
*LGIM internal data as at 31 December 2017, including derivative positions and advisory assets. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor.
LGIM manages fixed income, equity, multi-asset, liability-driven investment, property and alternative solutions on behalf of its clients. Located across the globe, our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. In order to meet the complex and evolving investment needs of our clients, we focus on remaining at the forefront of investment product innovation and maintaining our reputation as experts across all asset classes.
We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation, gender identity or age.
Provide timely and independent analysis and monitoring of the credit risk associated with new and existing transactions, in line with agreed criteria and procedures. This includes:
Work with origination teams to ensure information flow and on-going monitoring
Complete the annual review cycle of credit worthiness and internal ratings on assigned portfolio
Consider variations, waivers requests etc as required
Conduct ad-hoc reviews in response to asset performance, markets or security valuation
Assist with the review and recovery strategy formulation for any transactions that become vulnerable and/or default
Credit Risk Assessment (ca. 30%)
Maintain an effective working relationship with originating teams throughout the assessment process
Gather information on proposed transactions, in collaboration with the origination team, including through the review of counterparties and transaction financials, transaction structure, legal documentation, operating plans, industry analysis, due-diligence reports, meetings with management, meetings with consultants, drawing on internal experts, etc
Form an independent opinion on the credit worthiness of a transaction and associated security, based on relevant criteria and comparison with externally rated transactions
Provide initial summary and informal feedback to the origination team, indicating a range of likely rating outcomes and the key creditworthiness drivers for the transaction
Provide clear guidance to the origination team to enhance the credit protections offered by the transaction, to help optimize the transaction structure and documentation, to achieve the best possible transaction for LGIM's customers at the intended level of rating
Produce and present a Credit report underlying a rating recommendation to the Credit Committee
Contribute to Credit Committee debates and decisions
Rating Methodology / Other (ca. 20%)
Contribute proactively to LGIM's internal rating procedures through suggestions of improvements or best practice
Ensure comparability of internal and external ratings approach through update of internal criteria in response to external evolution
Develop and improve support and control methodologies, templates and working tools
Provide guidance to more junior staff
Assist with any internal or external client requirement for information or reviews on an ad-hoc basis
Complete financial analysis on LGIM tenants
Financial and credit analysis experience in at least one of the following sectors goverment related entities (Universities, housing association, local councils), corporates or project finance, property, and securitisations)
We would typically expect about 3-7 years of relevant experience for the successful candidate for this role.
Ability to grasp trends both at a macro and micro levels, and to appreciate the interaction between both levels
Experience of working in a real assets environment is desirable though not essential
Experience of attending due diligence processes/meetings with counterparty company management
Transaction experience would be an advantage.
Articulate with the ability to communicate concisely and clearly
Lateral thinker; rigorous, yet creative
Keen eye for detail and a professional approach to all tasks.
Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 27 days' holiday, private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.
Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture
embraces people’s diverse perspectives and creates a positive environment where everyone
belongs. We’re determined to build a better, more connected world for everyone.