Actuary (Investments)

Royal London is the largest mutual life insurance, pensions, and investment company in the UK.  Since its foundation 160 years ago, Royal London has supported millions of people to protect and provide for themselves and their families.

Our culture is welcoming, friendly, flexible and we aim to make you always feel included. We welcome applications from individuals who have taken an extended career break or those who are transitioning from different sectors.

To support this, we are always open to discussing flexible working arrangements and as we transition to hybrid working, we will discuss working patterns or locations that ensure you have the freedom to be your best. It’s what makes Royal London a great place to work.

We believe that being together some of the time will help our colleagues to feel truly connected to our Spirit of Royal London culture. Many of us value the passing conversations, social interactions and building relationships that comes from being together in the office.

We currently have an exciting opportunity to join the Royal London Investment Office as an Investment Actuary on a permanent contract in Edinburgh or London, working with teams right across Royal London.

The Investment Office sits within Group Finance and has the core responsibility for defining the Group’s investment philosophy and setting the Group’s investment strategy. It is tasked with the execution of this investment strategy by appointing and overseeing asset managers across over £160bn of investment assets on behalf of our customers and members. 

Role Purpose

To determine and review the Strategic Asset Allocations (SAAs) and investment strategies for the With Profit Funds and to support the development and design of strategic investment projects across Royal London propositions as required.  In addition, support the maintenance and development of Royal London’s investment risk framework and related policies.   

Key Responsibilities

• Develop and review the required investment strategies and SAAs for With Profit Funds, including consideration of:
  • Macro and market insights and related scenarios
  • Climate impacts and related scenarios   
• Support development and review of investment strategies and SAAs across other Royal London propositions (such as the Governed Range, our flagship pension proposition), including peer review as required.
• Provide support to projects as required to support delivery of team, functional or strategic projects.
• Determines any necessary changes required to implement strategy changes.

Essential Criteria

• Understanding of the financial services industry and its regulatory and legislative framework, and long-term savings products.
• Relevant experience of life office investment and asset-liability management.
• Detailed knowledge of key MS Office applications such as Excel, PowerPoint, and Word.
• Modelling experience.

Desirable Criteria

• Experience of with profits funds management.
• Understanding of the investment environment, knowledge of a range of asset classes, markets, and instruments.
• Qualified Actuary or equivalent.

What we offer

• We've always been proud to reward employees by offering a number of benefits such as Pensions and Protection, Performance and role-related benefits, Lifestyle and Wellbeing 
• Our culture comes from within, or to put it another way, it comes from our people. It’s what makes Royal London a great place to work.
• Our People Promise is something we live up to every day. We know we can rely on you, and you can expect plenty from us in return.
• Glassdoor ranked us among the best places to work in the UK in 2021

We are an equal opportunities employer. We work hard to attract the best talent for our award-winning team. We believe that embracing difference makes us stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion, or belief.

In fact, the first pillar of our People Promise is designed to make sure you 'work somewhere inclusive'. We want to live up to this promise; it’s good for our people and good for our customers too, because our workforce should reflect our communities.