Quantitative Development Lead

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build 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. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We’re looking for a Quantitative Development Lead to join our Product Engineering team within Institutional Retirement.

This is a specialist leadership role for someone who enjoys working at the point where financial modelling, software development and people leadership meet. You’ll be leading a team of developers working across C++ and Python, supporting modelling capability used across asset modelling, economic capital, market credit risk and stress testing.

You’ll help translate complex business and risk requirements into clear technical delivery, while coaching a highly skilled team and improving how modelling solutions are built, supported and controlled.

The role can be based in London, Hove or Cardiff, with hybrid working.

What you’ll be doing:

Leading a team developing and supporting financial models across asset modelling, economic capital, market credit risk and stress testing

Translating business, risk and modelling requirements into clear technical design and delivery plans

Managing and coaching developers working across C++ and Python

Supporting modelling capability used within pension risk transfer pricing and risk activity

Improving model production processes to strengthen efficiency, scalability, governance and control

Driving delivery of modelling projects and technology-enabled change initiatives

Providing technical leadership, guidance and training across financial modelling and analytics

Working with stakeholders to shape, scope and prioritise model enhancements

Who we’re looking for:

Experience leading, coaching or managing technical teams

A highly mathematical, quantitative or technical background

Experience working with financial models, asset modelling, valuation algorithms, economic capital, market credit risk or stress testing

C++ development experience

Python experience or the ability to work closely with Python development teams

Ability to translate complex business or risk requirements into technical solutions

Comfortable working in a highly numerical environment where accuracy, checks and controls matter

Knowledge of Solvency II / Solvency UK, Internal Model or Matching Adjustment would be beneficial

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes

Generous pension contribution

Life assurance

Healthcare Plan (permanent employees only)

At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday

Competitive family leave

Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)

There are many discounts we offer – both for our own products and at a range of high street stores and online

We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.