“It feels good to have a career with real purpose.”

Job Title: Senior Investment Manager – BPA Investment Strategy
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 investment strategy for Royal London’s Bulk Purchase Annuity (BPA) business. 

This is an exciting opportunity to join Royal London’s Investment Office. As a senior member of the team, you will lead and develop the investment strategy for our BPA and annuity business. Working in close partnership with teams across the business and our asset manager to develop capabilities in new asset classes, including private assets, as well as enhance existing allocations.

This is a high-impact strategic role offering the opportunity to shape the investment strategy across a rapidly growing areas of the Group.

About the role

•    Lead the design and ongoing refinement of investment strategy for the Matching Adjustment Portfolio, ensuring alignment with risk appetites, regulatory requirements, capital efficiency and liquidity needs. 
•    Identify and implement opportunities for new investment and derivative strategies to enhance risk-adjusted returns. 
•    Work closely with our asset managers to develop capabilities in new asset classes.
•    Collaborate with our commercial and finance functions to support investment strategy implementation and regulatory approvals.  

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

We’re the UK’s 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. 
 
We've 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 
 
We’re 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.