Product Principal - Private Markets in London - Legal & General

Job Description The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future.

Job Description

As Product Principal you will be responsible for supporting the product development and management strategy, as well as supporting implementation of new private markets funds and, where required, fund amendments to support L&G’s private markets growth ambitions. The role holder will be a senior technical expert managing the development, design and implementation of market leading, competitively differentiated and compliant private market products and propositions across L&G’s range of private markets investment capabilities.

The role holder may, in time, assume line management responsibility for a small team of Product Developers responsible for a sub set of private markets funds, supporting work allocation, prioritisation, learning and development of the members of their team. They will be a member of the Private Markets Product team, supporting the Product Principle, Real Assets in the effective day to day running of the team.

The role holder will work closely with Investments, Distribution and other teams such as Risk, Compliance and Operations, supporting the Product Principal, Real Assets in developing product strategy and management plans for private markets, and supporting the design, delivery and maintenance of a robust product offering in conjunction with asset class and vehicle leads within Product. The role holder will also assist with market intelligence and customer insights feeding into product strategy and design.

In this role, there is an expectation that the individual will present at product governance committees, L&G committees and L&G or fund boards from time to time. The role may also require the role holder to chair or lead committees or groups in support of LGIM’s governance.

Duties to include:
Team Management
Product design and delivery
Project management
Product governance and compliance
Product technical support
Operational engagement
Competitors and industry
Relationship building
Regulatory and product knowledge

Qualifications

Deep knowledge of the international asset management industry including investor types, distributional channels, the competitor landscape and an excellent technical knowledge of private markets products is essential
A deep understanding of private markets regulation (in particular AIFMD) and strong technical knowledge of pooled private markets product structures across a range of domicilesand jurisdictions including UK and Luxembourg
Breadth of experience in private markets product strategy, development and management
Previous experience in design, build and implementation of private markets funds in a variety of domiciles
Product life cycle management
Experience in senior stakeholder engagement; ability to influence and engage at all levels across the firm and externally (suppliers and Boards etc.).
Experience in project management
Demonstrates high attention to detail and seeks continual improvement and efficiency in delivery of processes
Line management experience or a desire to manage a small team

Additional Information

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 and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.