Job Type: Permanent

Location and flexible working: London; We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.

Closing Date: 29th May 2023

Salary and benefits: Competitive salary, plus 30% bonus up to 60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, income protection, 3x volunteering days and much more

Who are we?

We want to be the best place that any of our 6,800 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer our 13 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£310 billion of assets under administration. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role

The role holder will lead the structuring, development and implementation of new, innovative quantitative investment strategies and propositions within individual Retirement Solutions, taking a leading role in the build-out of this new business line, growing market share, making a strong contribution to the long-term cash generation of the Open Business, and helping to deliver on its strategic objectives

Key Responsibilities

• Lead innovation across the full spectrum of challenges that Retirement Solutions division may face extending to product development, structuring, and hedging

• Design and implement innovative and market leading quantitative (derivative-based) strategies to maximise the contribution of Retirement Solutions to the Open Business.

• Develop and implement individualised investment and long-term savings solutions across client segments through the design of end-to-end processes, infrastructure, investment/product pricing/structuring, and hedging strategies and programs

• Draft, review and negociate the complex legal documentation for quantative strategies and investments

• Be a leader in driving innovation across the full spectrum of challenges that Retirement Solutions division may face extending to product development, structuring, risk management and hedging

• Ensure all investment solutions meet risk, return, balance sheet and Solvency II capital metrics set for the business
  

What we’re looking for

The UK retirement market is complex and interconnected. So, as a team, we need to be aware of trends and activity in the wider retirement market to fulfil our role and support our customers.

You will need to be a team player, but we also need you to be an individual: one who is flexible and adaptable but is also able to overcome challenges and do the right thing for the customer.

To support this, you should:

• Have experience designing and implementing derivative-based strategies

• Have experience of product development, structuring and hedging, ideally focused on the insurance industry.

• Knowledge of Solvency II capital metrics as they relate to investment solutions

• Understanding of R, Python, C++ or SQL

• Be as confident and as content “reading the rules”, as you are assessing the consequences, developing next steps, communicating ideas, and implementing them.

• Be able to develop and maintain communication and relationships at all levels of the Group across different business channels, using your judgement to make good, well informed, decisions and help others to do so.
  

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

Find out more about #LifeAtPhoenix

• Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates

• Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

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