Legal & General
Product Principal - Active Fixed Income
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Product Principal - Active Fixed Income
Product Principal (Active Fixed Income) – Strategy, Product & Marketing
About Legal & General (L&G)
Legal & General (L&G) is a leading UK financial services group and major global investor. Since 1836, we’ve safeguarded people’s financial futures, building a better society while improving the lives of our customers and creating value for shareholders.
We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Our focus spans:
- Retirement & protection solutions, including:
- Pension risk transfer
- UK & US life insurance
- Workplace pensions & retirement income
- Global asset management delivering complex, responsible investment solutions across public and private markets.
As one of Europe’s largest asset managers and a major global investor, our strategy is driven by synergies between our Institutional Retirement and Retail divisions to deliver superior shareholder returns and positive outcomes for clients.
Our philosophy prioritises long-term value creation, integrating financially material sustainability criteria where relevant to clients—helping to drive both positive financial and social impact.
The Role
We are looking for a collaborative, commercially-minded Product Principal to join our Strategy, Product & Marketing team within Active Fixed Income Product. This role plays a key part in shaping and delivering a client-focused product offering across a global platform.
Sacred responsibilities include:
- Driving the development and ongoing management of active fixed income and liquidity products across diverse fund structures, collaborating with investment, distribution, and operational teams.
- Supporting a high-impact product strategy that promotes business growth while ensuring robust governance and positive client outcomes.
Responsibilities
Product Strategy & Development
- Lead the design and delivery of active fixed income and liquidity product initiatives (across strategies like ESG integration, distressed, leveraged finance, and securitised products).
- Manage the entire product lifecycle—from launches to enhancements, mergers, and closures, ensuring timely execution and alignment with business goals.
- Own-end-to-end project delivery, coordinating multidisciplinary stakeholders (investment teams, channels, regulatory, operations) to meet deadlines and milestones.
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Governance, Compliance & Risk
- Ensure compliance with governance frameworks, regulatory requirements (including UCITS, EMIR, AIFMD, GDPR, etc.), and internal product policies.
- Conduct periodic reviews of product viability—identifying commercial opportunities, risk mitigation strategies, or discontinuation signals.
Market & Technical Expertise
- Provide technical insight on the interplay between regulation, product structure, positioning, and distribution channels.
- Monitor market trends, competitor innovations, and regulatory shifts to inform long-term product strategy and innovation.
Client & Stakeholder Engagement
- Build strong relationships with internal teams (sales, product managers, accountants, legal), service partners (advisors, prime brokers, platforms), and external clients (investors, distributors).
- Present to senior leadership, advocates, and external audiences—presenting value propositions compellingly.
Requirements
Essential
- Proven track record in asset management product strategy, development, and lifecycle management.
- Strong expertise in active fixed income strategies (e.g., credit, rates, structured finance), with eminent understanding of liquidity solutions.
- Familiarity with fund structures (e.g., UCITS, non-UCITS, ETFs, separately managed accounts) and ability to oversee them across multiple jurisdictions.
- Experience delivering product launches, managing multi-jurisdictional funds, and optimising product performance.
- Exceptional stakeholder management—capability to influence at executive levels across diverse functions (legal, compliance, distribution).
- Deep understanding of product governance, regulation, and risk processes, with a pro-active approach to compliance.
- Demonstrated ability to lead complex, high-visibility projects, deliver on rigorous timelines, and drive measurable outcomes.
- Universities degree or equivalent, with a professional qualification (IMC, CFA, CAIA)—supportive but not mandatory.
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Desired
- Experience at a leading Asset Manager, with a reputation for innovation or product-led growth.
- Background in sustainable investment practices and ESG integration within fixed income portfolios.
Why Work at L&G?
At L&G, we reward performance and values with a benefits package that supports better work-life balance, financial security, and personal development:
- Performance-related bonus plans and valuable share options—directly aligned with company success.
- Generous pension contribution supporting long-term financial security.
- Enhanced term life insurance.
- Care plans for permanent employees, including holistic healthcare benefits.
- Flexible leave policy: At least 25 days per year + public holidays (26 days after 2 years), with buy/sell leave scheme for flexibility.
- Extended parental ensure and family leave benefits.
- Electric car lease scheme (tax-efficient salary sacrifice, permanent employees only).
- Discounts on L&G financial products and high-street retailers (shopping, dining, tech, travel).
Our commitment to sustainability extends to our working environment—all UK offices are modern, net-zero carbon by 2030, with a focus on fostering of connection and well-being.
Our Culture
We strive to create both positive financial returns and a better future for all. L&G’s culture embodies:
- Inclusivity—celebrating diversity of backgrounds, perspectives, and career paths.
- Accountability through outcomes (not punishing presence but encouraging growth).
- Genuine leadership that prioritises your wellbeing and development.
- Flexibility: We engage in open discussions about viable working arrangements—part-time, term-time, or job share models where feasible.
If you excel in areas resilience, commercial depth, trusted collaboration, and innovation—your potential matters more than ticking every box next.
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