Join to apply for the Head of MAP Management and Optimisation role at Just Group plc
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Join to apply for the Head of MAP Management and Optimisation role at Just Group plc
Date Posted: 02/07/2025
Location: London
Job Type: Full time
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At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.
Who are Just?
We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing FTSE 250 company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.
This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.
Purpose
To lead the efficient management of Matching Adjustment Portfolio(s), and support the optimisation of ALM position of the Group and regulatory insurance entities within the Group.
Skills And Knowledge
* Deep knowledge of the dynamics of life insurer balance sheets and of Solvency UK requirements for base balance sheet and capital requirements.
* Strong experience in ALM techniques and financial instruments.
* Excellent communication skills, both verbal and written, with a proven ability to communicate complex ideas and analysis to less technical audience in a clear and concise manner, and to challenge others in a clear and constructive manner
* Excellent problem solving skills, with an ability to take initiative to proactively identify and solve problems.
* Strong delivery and deadline focus.
* Very good working knowledge of Excel, VBA and at least one other object-orientated programming language (e.g. Python).
Experience
* Extensive experience at a life insurance company with recent experience in capital management, MAP management, ALM and Investment.
* Proven track-record of developing practical solutions to complex technical issues.
* Extensive experience in stakeholder and project management
* Previous experience of MAP optimisation, capital management projects, PRA engagement would be an advantage
In This Role You Will Be Responsible For
* Manage Regulatory Compliance and Performance: Oversee the regulatory compliance, operations, and performance of Matching Adjustment Portfolios (MAPs) for life insurance companies, ensuring alignment with both internal objectives and external regulations.
* Maintain Integrity of MA Securitisations: Ensure the ongoing integrity and maintenance of Matching Adjustment-eligible internal securitisations, including LTMs, keeping these structures compliant and efficient.
* Lead Regulatory Development Initiatives: Drive the implementation of new regulatory initiatives related to MAP management, such as embedding HP cash flows, ensuring regulatory changes are integrated effectively.
* Assess MAP and ALM Impact of Group Projects: Evaluate the impact of group-level projects involving new asset or liability classes on MAPs and wider ALM implications, recommending strategic actions to manage them efficiently.
* Conduct Forward-Looking ALM Analysis: Perform quantitative analysis on the forward-looking Asset-Liability Management (ALM) positions of regulated entities and the Group as a whole, identifying opportunities for improvement and ensuring alignment with risk appetite.
* Engage MA Features Assessment and Lead MA application: Provide SME inputs on the assessment of new asset and liability features and manage MA permission applications.
* Engage with Stakeholders on MA Management: Collaborate with key stakeholders to enhance the efficiency of MAP management by leveraging innovative techniques and aligning with regulatory guidance and market best practices.
* Develop and Maintain ALM Framework: Support the development of a robust and efficient framework for managing the Group's ALM positions, ensuring long-term financial stability and operational efficiency.
* Support ALM Risk and Liquidity Management: Assist the ALM team in managing ALM risk, performance, and medium to long term liquidity positions.
* Implement First Line Validation: Execute first line validation activities in line with the validation framework, ensuring appropriate actions are taken in response to validation findings.
* Mentor and Guide Team Members: Lead and mentor junior team members, supporting their professional development and ensuring they contribute to the team's ALM objectives.
* Enhance ALM Capacity through Technology: Collaborate with the wider Capital Management team to scale ALM capabilities by leveraging technology solutions, driving operational efficiency.
Company Benefits
* A Competitive Salary, Pension Scheme and Life Assurance
* Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
* Private Medical Cover and Income Protection, just in case
* A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
* Opportunity to progress within your career both in-role and within the company
* FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
* A variety of Employee Funded Benefits available to you via our Online Benefits Portal
* Plus, several additional purchase options available for you and your loved ones
Why Just?
At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.
We’re committed to building a more sustainable business, and we’re working hard to make progress against our Net Zero targets. We're reducing our reliance on fossil fuels in our offices, switching to more sustainable sources of energy and we're investing more of our money in green and social assets.
Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.
Be Bold. Be Brilliant. Be Just.
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