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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 and help to build financial resilience, whilst also providing an attractive return on capital, diversification, and future financial protection for existing Profit Share members and Royal London.
This role is within Royal London’s Investment Office, responsible for managing investments of our annuities and BPA business.
You will work closely with the BPA teams, leading investment execution of new business, managing onboarding, developing strategy, and supporting ongoing management of the Matching Adjustment portfolio.
This role requires technical expertise to help shape and innovate our BPA strategy and solutions.
About the role
* Support the bulk annuity teams by leading the investment execution of new business.
* Develop and recommend strategies to manage market risks during onboarding.
* Develop strategies to optimize risk-adjusted return on capital and liquidity through effective ALM.
* Collaborate with asset managers and colleagues to develop trading strategies and implement changes.
* Review trading and new investments to ensure portfolio operates within ALM and liquidity tolerances.
* Lead development and implementation of new derivatives and hedging capabilities for BPA.
About you
* Experience in investment and ALM work, Solvency II/Solvency UK for insurers, at an insurer, asset manager, or consulting firm.
* Actuary (FIA or FFA), CFA, or equivalent with knowledge of investments, derivatives, and asset-liability management for annuities.
* Proficiency in financial modelling and analysis using R, Python, MATLAB, and/or VBA.
* Strong communication skills to engage with colleagues and external partners professionally.
About Royal London
We’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings, and asset management products.
Our commitment is to create an inclusive, responsible, enjoyable, and fulfilling workplace, guided by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate, Achieve.
We offer benefits like 28 days of annual leave plus bank holidays, up to 14% employer pension matching, and private medical insurance. See all our benefits here -
Inclusion, diversity, and belonging
We celebrate and value diverse backgrounds and cultures. Our diverse team brings skills and perspectives that are recognized and respected, regardless of background.
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