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Annuity Investment Manager

Lloyds Banking Group

Location: Edinburgh, Greater London

Job Type: Full time

Last updated

The most difficult thing is the decision to act, the rest is merely tenacity.
- Amelia Earhart

End Date

Sunday 26 June 2022

Salary Range

£57,048 - £71,310

We support agile working – click here for more information on agile working options.

Agile Working Options

Flexible / Variable Hours, Other Agile Working Arrangements / Open to Discussion

Job Description Summary

At Lloyds Banking Group, we’re motivated by a clear purpose - to Help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities.

Job Description

The Shareholder Assets team within Scottish Widows are responsible for the Investment Strategy for our £25bn Shareholder Assets portfolio and within this the management of our traded assets portfolio that is run by our external asset manager. The team plays a vital part in the development of our Bulk Annuities strategy!

An exciting opportunity has arisen for an Annuity Investment Manager within this team. Working alongside, and with support from, Senior Managers you'll be responsible for monitoring the performance of the existing portfolio and supporting new investment opportunities.

The team relies on others to support our activity and so you'll work closely with other key business areas, notably colleagues across Commercial Bank, Finance and Risk.

We'll need you to have experience in an Investment, Actuarial or finance area, as is the ability to work and collaborate effectively with others.

This is a varied and wide ranging role that will provide you with an opportunity to get involved across many different aspects of the investment process for an Insurance company, enabling you to develop new skills and improve your career.

Key objectives and responsibilities include:

  • Researching and analysing investment opportunities

  • Development of data and tools to assess the suitability of new assets

  • Working collaboratively with other cross-functional teams to new investment transactions.

  • Analyse assets to be accepted as part of bulk annuity in-specie transactions

  • Maintaining and developing investment mandates for external managers

  • Develop internal MI and controls to support the effective risk management and reporting

  • Production of materials for committees / governance forums

  • Seeing opportunities for championing change, to deliver continuous improvement to systems and processes

  • Keep up-to-date with industry and market trends and developments and share with wider team

Key skills & personal attributes

  • Knowledge and experience of assets and investment practice

  • Ability to communicate at all levels in a professional manner, with a track record of building strong working relationships

  • Self-starter, with strong analytical problem-solving skills, who delivers quality solutions to new challenges

  • Good verbal and written communication skills. Able to present complex topics to a non-technical audience in a clear, confident and concise manner

  • Critical and questioning, with positive approach and demeanour

  • High level understanding of our Shareholder Assets and Loan Investments business

Desirable skills

  • Knowledge of Asset Liability Management (ALM) and Solvency II requirements related to investments.

  • Knowledge of derivatives

Location and ways of working


The majority of our team are based in Edinburgh therefore our preference is you're based a commutable difference from here, but we could also accommodate you being based near our London hub. We're flexible on location for the right person.

Some travel may be required however we have a flexible approach and are big advocates of agile working, so we’re pleased to consider applications from candidates wishing to work any flexible arrangement.

What can we offer you?

We’ll give you a broad remuneration package which includes:

  • Discretionary performance share bonus

  • A generous pension contribution

  • 30daysleaveplusbankholidays

  • A flex cash pot you can adjust to suit your lifestyle

  • Private Health Cover

  • Access to Share schemes

In return for your expertise, your ongoing personal and professionaldevelopment will be supported. Here, you'll grow as a person and develop your career.

As a valued member ofourteam,we'll support to grow and advance you through excellent training and progression opportunities. Our customers’ experience and success starts with yours.

We're an equalopportunity employer and deeply value diversity within our organisation. We'll ensure that individuals with disabilities are provided reasonableaccommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to requestaccommodation.

Togetherwemakeitpossible.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.