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Job Description

This is an exciting opportunity to join Insurance Pensions and Investments IA&O Middle Office. You'll provide insightful, high quality sophisticated output, advice and guidance, implementing control and tailored to senior strategic partner and colleague needs. This will be through operating as a functional specialist focusing on Asset Transitions of Corporate Pension Schemes onto the Scottish Widows Workplace Savings platform.

What you'll be doing...

Attend client and/or project calls, producing and leading Asset Transition plans circulated with internal colleagues and external Trustees and Advisors.

Produce & run Asset Transition runbook for trading to coordinate internal teams involved in the transaction steps, ensuring alignment with external third parties.

Assess pre-funding requirements, produce pre-funding legal document in agreement with client produce & supervise settlement of cash ensuring ultimately all cash flows to the right end destination accounts.

Review transition methodologies for each scheme, on a case-by-case basis, to understand the most efficient method given the particulars of the activity including inspecie, re-registration and all cash transactions.

Review out-of-market risk and similarly any double market exposure for all schemes during asset transition timeline and mitigate where possible.

Coordinate with ceding provider to ensure member data, valuations, cash settlement and final transition costs are shared and instructed in a timely manner.

Coordinate with Fund Managers to ensure trade notification timings meet expectations, ensure trading queries are resolved including clarification of pre-notification requirements and understanding of price spreads and any applicable dilution levies.

Engage with Policy Holder Data Team with regards to member queries, data manipulation and policy data uploads.

Calculate final transaction costs for schemes on request as required.

Build and instruct manual trades for asset transitions to Box Oversight, analysing internal disinvestments to ascertain if they will result in any fund closures.

Support with pitching for new business/ Request for Proposal ("RFP") submissions including producing transaction cost estimates to support new business requests.

What we need from you...

Experience in Financial services (Investments/ Capital Markets)

Understanding of Asset Transition desirable

Excellent attention to detail

Excellent Communication skills both written or verbal

Ability to engage and manage a range of stakeholders internal and external, including at a senior level

So what can we offer you in return…

As a multi-brand, multi-channel business, we have the scale and breadth to provide you with a diverse range of personal development and a career that’s enriching and full of opportunity. In return for your expertise, you'll enjoy our total dedication to your ongoing personal and professional development. We'll help you perform at your best today, so you can fulfil all your potential in the future.

We're passionate about diversity and equal opportunity with industry recognition across gender, ethnicity, disability, LGBTQ+ and families. Just let us know if you need any reasonable adjustments made to our recruitment processes, and we'll try to accommodate them. Together we make it possible - join us and you’ll be part of an organisation that values your contribution and empowers you to make a difference! We’re a very supportive team who care about your wellbeing. Our Hybrid ways of working means that you can find a work-life balance that suits you, with a mix of home and office working. The expectation currently is that you work a minimum of two days a week in the Office.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. 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 keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

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.