Senior Investment Manager BPA Investment Management
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Job Summary
Job Title: Senior Investment Manager BPA Investment Management
Contract Type: Permanent
Location: Edinburgh or London
Working style: Hybrid 50% home/office based
Closing date: 17th March 2026
We are looking for a Senior Investment Manager to take a leading role in the management of the investment portfolio backing Royal Londons Bulk Purchase Annuity (BPA) business. Working closely with our asset manager you will help steer how the investment strategy is implemented and support the growth of this business.
This is an exciting opportunity to join Royal Londons Investment Office. As a senior member of the team you will play a key role in shaping and executing our investment strategy for our BPA and annuity business.
You will work in close partnership with teams across the business and our asset managers applying your investment and ALM expertise to ensure decisions remain aligned with insurance requirements risk appetites and BPA objectives. Your contribution will directly support a rapidly growing and strategically important area of the Group offering both breadth and influence across end to end investment activity.
About the role
Partnering with our asset manager leading the day to day management of our investment portfolio for BPA and annuity business.
Monitoring investment performance risk exposures and LDI benchmarks as well as identifying opportunities to improve portfolio efficiency and resilience.
Oversee derivative and collateral management programmes ensuring all activity remains within ALM policy and approved limits.
Support the onboarding and investment ramp up of new BPA transactions ensuring alignment with strategic objectives and investment risk appetite.
Co-ordinate investment reporting for the portfolio ensuring high quality analysis and timely responses to queries.
Work collaboratively with our asset managers commercial and finance functions to support investment strategy execution and regulatory approvals.
Provide investment expertise to new asset onboarding and BPA investment solutions.
About you
Significant experience in investments ALM and Solvency II/Solvency UK within an insurer asset manager investment bank or consultancy.
Qualified Actuary (FIA/FFA) CFA or equivalent.
Strong understanding of investments used in annuity portfolios including derivatives.
Good working knowledge of Matching Adjustment requirements and investment frameworks.
Excellent written and verbal communication skills comfortable engaging with senior stakeholders.
Highly numerate with strong analytical and problem solving skills.
Proactive adaptable and able to challenge constructively.
A self-starter with a practical mindset who takes ownership and delivers results.
A collaborative team player with the ability to guide others and act as deputy for senior management when required.
About Royal London
Were the UKs largest mutual life pensions and investment company offering protection long-term savings and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive responsible enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered Trustworthy Collaborate Achieve.
Weve always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays an up to 14% employer matching pension scheme and private medical insurance.
Inclusion diversity and belonging
Were an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected whatever their background.
Required Experience:
Manager
Key Skills
- Financial Services
- Financial Concepts
- Intellectual Property Law
- Investment Experience
- Asset Management
- Securities Law
- Investment Management
- Private equity
- Financial Modeling
- Bloomberg
- Project Management Lifecycle
- Financial Planning
About Company
From Pensions to Retirement, Savings, Investments and Life Insurance, Royal London has been helping people plan for life’s financial milestones since 1861.
