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Job description





    Company Info

    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.


    Department Info

    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.


    Job Duties

    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:

    Credit Risk Review / Portfolio monitoring (ca. 50%)
    • 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


    Skills Required

    • 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.


    Personal characteristics
    • Articulate with the ability to communicate concisely and clearly
    • Lateral thinker; rigorous, yet creative
    • Team player
    • Keen eye for detail and a professional approach to all tasks.


    Benefits

    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.


Industry
Insurance
Job Sector
Banking
Job Position
Credit/Risk Management
City/Town
London
Address
London, UK Show on map
Post date
Closing date

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