Financial Engineer

Company Description

Securing pensions over the long term can be a challenge for many businesses. Our ambition at Legal & General Retirement Institutional (LGRI) is to help companies and pension scheme trustees honour their defined benefit pension promises to their employees. We’re helping companies settle their pension liabilities so they can focus on growing their businesses, as well as helping to support their members’ financial security in retirement. And we’re investing for the long term to back our pension promises. In the last 30 years we’ve written more UK business than any other insurer, and we currently look after more than half a million pension policyholders. We're the UK’s longest-serving active bulk annuity provider, and a market-leading, multi-award winning business.  

Job Description

DevOps, a team within the Business Technology and Transformation department, combines cultural practices and tools to deliver services at high velocity evolving and improving products at faster than other organisations using traditional development and management processes.

The Senior Financial Model Developer within the DevOps Team has 5+ year modelling experience gained within the Industry, a degree or PhD in a quantitative subject and strong coding abilities. Their modelling knowledge helps to understand new business requirements, challenge them and shape their final form. Their experience, both in modelling and coding, drives the software design resulting in a product that meets the requirements and is robust and flexible enough to accommodate future requirements. The Senior Financial Model Developer also drives and contributes to the larger remit of the team that is to provide the business with tools/edge to better understand the numbers produced by the sophisticated models used in the Solvency II Internal Model as well as in ALM and Liquidity Risk Management. Finally, the Financial Model Developer implements these models with high standards to make them quick, robust and best-practice compliant.

What you'll be doing

• Provide designs and assist with the business requirements gathering of risk management analytics functionality
• Lead the steering of  requirements for Business Unit what-if requests and action these using the AlgoOne system, suggest innovative ways to implement model requests
• Ensure analysis and requirements are detailed enough to implement solutions right first time, track changes to requirements and impact analysis to timings and plans.  Own and drive business analysis of changes to modelling within LGRI DevOps
• Help integration engineers develop customised solutions and modules in a range of development tools
• Implement reporting models and tools, and steer internal groups to deriving new pricing/risk management algorithms and approaches

Qualifications

• Degree level or higher, in a technical or numerate field
• Strong knowledge of  mathematical modelling
• Extensive experience in modelling of financial instruments and risk management
• Strong C++ Programming
• Python and/or C# also preferred
• Good Data Science capabilities
• Proven history of good software design
• Excellent writing and communication skills and relationship management skills

Additional Information

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including 27 days holiday (excluding bank holidays), an annual supplement for private medical insurance, generous pension scheme and life assurance, We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan, and there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success