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Quantitative Analyst
Quantitative Analyst – L&G Asset Management
About Legal & General (L&G)
Legal & General (L&G) is a leading UK financial services group and major global investor. Specialising in safeguarding people’s financial futures since 1836, we strive to build a better society, enhancing lives for customers while delivering value for shareholders.
As one of the world’s largest asset managers, we provide sophisticated asset origination capabilities and globally recognised solutions in:
- Pension risk transfer
- UK and US life insurance
- UK workplace pensions
- Retirement income
- Complex, responsible investment solutions across public and private markets
Our Mission
We prioritise synergistic drive between asset management and our Institutional Retirement & Retail divisions, creating value both for our clients and for shareholder returns. Our investment philosophy is rooted in long-term value creation, integrating financially material sustainability criteria where relevant.
The Role: Quantitative Analyst
We seek a Quantitative Analyst to join L&G Asset Management, focusing on developing and maintaining data-driven systems and models for derivative pricing, risk management, and portfolio optimisation across our Solution mandates.
Your Key Responsibilities
- Collaborate with the Portfolio Management team to create robust, accessible analytical tools for all Solution Portfolio Management activities.
- Model risks associated with fixed income and other asset classes to refine strategies that align pension schemes with liabilities.
- Lead development of pricing, risk assessment, and portfolio construction tools for derivatives and their strategies, including:
- Writing or refining databases, UI systems using SQL, VBA, C#, Python.
- Aligning with industry-standard conventions.
- Act as a technical representative during IT and business process projects, ensuring seamless integration of improved data, analytics, risk engines, and portfolio management capabilities.
- Work with collateral management, derivative pricing and operational teams to optimise process efficiency.
- Ensure accurate pricing and analyses of key instruments (e.g., gilts, swaps, options, futures, collateralised products) in line with market standards and compliance.
- Monitor adherence to L&G Asset Management’s ‘Treating Customers Fairly’ policy.
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Who We’re Looking For
Essential Qualifications & Experience
- Strong academic/professional background in quantitative disciplines (academic or professional).
- A masters or PhD in quant-related fields is desirable but not strictly required.
- Deep technical knowledge of risk management in derivatives, including:
- Government bonds (gilts), credit, interest-rate & inflation swaps, repo operations, gilt total return swaps, swaptions, equity options/futures, TRS (Total Return Swaps), and FX forwards.
- Familiarity with pensions and de-risking strategies.
- High proficiency in IT and programming, please show familiarity with big language models when applicable.
- Understanding of risk management strategy frameworks and cutting-edge reinforcement learning.
Key Competencies
- Ability to design, implement, and maintain scalable risk models for derivatives.
- Adept at interacting independently with** Portfolio Managers** and stakeholders, proactively suggesting process improvements.
Benefits
At L&G, we recognise and reward exceptional performance, alignment to values, and behaviour with a benefits package designed to support your needs. Here’s what’s included:
- Performance-related bonusing plan
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Participation in our annual incentives programme.
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Valuable Share Schemes
Engage in schemes designed to align staff interests with company success.
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Comprehensive Financial Stability
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Generous pension contributions—we contribute meaningfully to your retirement.
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Life assurance coverage.
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A Health Care Plan (Permanent Employees)
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A competitive legacy of 25 days’ leave, additional days after 2 years’ service or adopting buy/sell schemes to manage your schedule.
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Family Support & Flexibility
Generous family leave provisions.
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Workplace Sustainability
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Participation in an electric car scheme (Salaysia offer employees salary sacrifice options).
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Exclusive Discounts
Enjoy cash back and discounts at retailers and select L&G services.
Our workplace goals reinforce a net zero-carbon culture by 2030, modern offices creating a dynamic, inclusive environment.
Additional Information
L&G aspires to transform and sustain financial progress today while shaping a better tomorrow.
Our Community
Be part of a warm, inclusive culture where our values guide respectful interactions. Feel supported by leaders who prioritise your growth and wellbeing. Engage in innovative learning as part of a workplace built on empathy.
Flexible Work Priorities
We celebrate outcomes over attendance and encourage flexible arrangements like:
- Part-time roles
- Term-time/fixed schedules
- Job-sharing options.
While market demand may limit flexibility for some positions, we are open to accommodating access requests as best we can.
What’s Most Important to Us
We’re not prescriptive about ‘must-have’ criteria. Instead, recognise and honour what you bring—your skillset, your capability to innovate, and your connection to our mission.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
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