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Job description





    Company Info

    Working here is about being there for our customers; we're available should the worst happen and we work together to enable social and financial equality across the UK. But it's also about you -how you develop and what you can achieve. We'll help your talent thrive in an environment where you'll be supported to work flexibly and autonomously, sharing in our success and rewarded for a great performance with a generous benefits package.


    Department Info

    With around one million customers, our retail business helps turn customers' pension savings into lifelong retirement income and our corporate business looks after our defined benefit pension schemes ensuring they are effectively managed to protect against risk and achieve their maximum potential.

    We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.

    Risk Analytics & Asset Modelling (RA&AM), a team within LGRI, provides the quantitative financial analysis for LGRI, Legal & General Assurance Society (LGAS) and Group.

    This team is responsible for financial reporting & financial analysis across the Group and the provision of risk solutions including asset data, analytics libraries, risk measurement and MI covering both external regulatory (SII, IFRS) needs and those of other internal reporting metrics (...

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This team is responsible for financial reporting & financial analysis across the Group and the provision of risk solutions including asset data, analytics libraries, risk measurement and MI covering both external regulatory (SII, IFRS) needs and those of other internal reporting metrics (e.g. Economic Capital, ALM and Portfolio Credit Risk).

Development is generally performed by LGR IT, but all other aspects of the change management process are managed by RA&AM (including internal model change, stakeholder management, project delivery management).

The ongoing RA&AM ongoing portfolio of Transformation and Change covers a wide range of asset modelling and risk system and process change, this driven directly by RA&AM or to achieve the objectives and outcomes of its internal customers across the Group


Job Duties

The Risk Analytics Technical Change Actuary assists the RA&AM Change Programme Manager in the delivery of the Risk Analytics Change portfolio by planning, designing, and managing the delivery and implementation of allocated change initiatives, using their awareness of both the business needs and the Risk Analytics processes and systems to facilitate the design and implementation of appropriate solutions.

Change Delivery :
  • Provide support to the RA&AM Change Programme Manager by ongoing planning and delivery management of identified elements of the RA&AM Change Book of Work ensuring the deliverables meet the business quality and delivery timescales requested
  • Providing guidance on technical issues to enable Risk Analytics to deliver solutions that meet the requirements and to manage any necessary corrective actions
  • Reviewing and approving the technical / functional elements of deliverables before delivery to ensure meet the acceptance criteria

Business / Technical analysis :
  • Provide SME knowledge, guidance to RA&AM team members and customers on complex issues surrounding Life, Pensions Liability and Asset modelling and methodology under various financial reporting and regulatory metrics
  • Manage and co-ordinate input from other technical experts within Group, LGIM, LGRI business and IT teams as part of their role to plan, design and deliver the appropriate process and system solutions
  • Manage the system and process changes impacting Risk Analytics through ensuring delivery of good business and technical analysis, technical knowledge and requirements specifications for the Risk Analytics software development process
  • Use subject matter expertise to act as the bridge between the business teams requesting changes that will impact RA&AM processes and systems and the business analysis, quantitative and the IT teams delivering the necessary changes
  • Understands the principles of Business Transformation and able to translate these principles into business/people change activities and project outcomes

Change Delivery Governance
  • Ensure adherence to and compliance with Internal Model and other relevant Group and LGRI project and risk management governance standards and policies in the delivery of the RA&AM Change portfolio
  • Plan out then monitor and report on progress of the RA&AM Change in line with the risk and project governance frameworks adopted by RA&AM Change
  • Identify and manage risks, issues and dependencies to ensure that critical problems that would impact delivery to time, quality or budget are escalated, evaluated, owned and resolved at the earliest opportunity
  • Ensure releases of RA&AM owned systems and processes are appropriately business acceptance tested by RA&AM and reviews are conducted at all relevant stages of the systems development lifecycle, identifying any exceptions to agreed acceptance criteria

Relationship management :
  • Develop and maintain relationships across LGRI, and the wider Group including LGIM to ensure their requirements are delivered within time, budget and to an appropriate level of quality, ensuring the deployment of necessary business and technical knowledge to support the delivery


Skills Required

Typically the roleholder would be either
  • A qualified actuary with 3+ years post qualification experience from either a life company or consultancy or
  • A quantitative financial engineer with a minimum of a Bachelor's degree in Computer Science, Actuarial Science, Finance, Mathematics, Economics or related discipline.

Some project, change related certification is desirable:
  • Any of APMG Prince 2 Practitioner, Association of Project Managers (AMP), Agile PM practitioner - desirable
  • ITSQB Test Manager foundation certificate - desirable but not mandatory
  • Business Analysis - eg BCS Diploma in Business Analysis modules - desirable but not mandatory

Typically the roleholder will have a strong understanding of some of the following :
  • Financial reporting processes and metrics : Economic Capital, Solvency II, IFRS, ALM
  • Life and Pension products, Bulk and individual annuity products
  • Operational knowledge of asset data sourcing, asset pricing, valuation and modelling knowledge with an understanding of how market and asset data will modify the valuation - across a variety of asset classes incl Credit Fixed Income, Rates and Interest Rate Fixed Income, ABS, Equities, Property, Derivatives, Swaps
  • Provision of requirements gathering of asset data, actuarial / risk management analytics systems functionality and related process changes; follow on solution design of appropriate systems and production process target operating models
  • Typical Project, Change management frameworks ; Software delivery practices and approaches, including Agile, Scrum, Waterfall
  • Asset modelling software such as AlgoOne

Typically the jobholder will have :
  • Proven ability to address and use initiative to deliver solutions to technical and business problems
  • Proven analytical skills with the ability to review results for reasonableness
  • Experience in software or database systems development, related financial reporting process improvement and/or support with experience of project life cycles
  • Experience of implementation of reporting processes, models and tools, and derivation of new pricing / risk management algorithms
  • Strong collaboration skills and experience of working with Business and IT architects, Quantitative/Solution Financial Engineers, other IT colleagues to deliver change
  • Strong knowledge of Life/Pensions financial reporting and Asset related production processes and the necessary attitude towards Live Production systems
  • Ability to self-manage and work in a dynamic environment
  • Good oral and written communication skills
  • Good interpersonal and presentation skills
  • The ability to manage and benefit from virtual meetings, with limited reliance on face-to-face meetings
  • The willingness and ability to work without the constraints of a fixed office or desk location, focusing on outcomes and benefits, rather than tasks and measures


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, 25 days' holiday (plus one day after two years), 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.

For more details, please contact Helen Brockbank - Resourcing Lead - helen.brockbank@landg.com


Job Sector
Financial Services
Job Position
Actuarial
City/Town
London
Address
London, UK Show on map
Post date
Closing date

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