Collateral Product Owner & Project Manager

At L&G Asset Management, we're looking for a Collateral Product Owner & Project Manager to play a key role in shaping and enhancing our collateral management capabilities across both cleared and bilateral derivatives markets. This is a highly visible role that combines product ownership, project delivery, regulatory change and stakeholder management, providing the opportunity to influence strategic initiatives and help drive operational excellence across a complex investment environment.

Working closely with Front Office, Operations, Risk, Technology, Legal and external market participants, you'll lead the evolution of our collateral operating model, ensuring it remains scalable, efficient and aligned to business growth and regulatory requirements.

What you’ll be doing:

• Owning and developing the end-to-end collateral operating model across cleared and bilateral derivatives
• Defining and delivering the strategic collateral roadmap, driving business priorities and regulatory requirements
• Leading collateral-related change initiatives including EMIR, UK EMIR, UMR, clearing expansion and technology transformation projects
• Partnering with stakeholders across Investments, Risk, Legal, Compliance, Technology and Operations to deliver business outcomes
• Enhancing collateral processes, controls and workflows to improve efficiency, automation and scalability
• Overseeing governance frameworks, risk management activities and regulatory compliance across collateral services
• Managing relationships with clearing brokers, CCPs, custodians, counterparties and industry vendors
• Monitoring collateral performance, operational risks, key controls and service metrics to support continuous improvement

Who we’re looking for:

• Extensive experience within derivatives and collateral management gained in asset management, investment banking or custody environments
• Strong understanding of both cleared and bilateral margining models and collateral management processes
• Proven experience delivering large-scale operational, regulatory or technology change programmes
• Sound knowledge of EMIR, UK EMIR, UMR and broader derivatives market regulation
• Experience working with CCPs, clearing brokers and collateral optimisation initiatives
• Strong project management skills with the ability to lead complex initiatives from planning through to implementation, with Proven experience owning the collateral product
• Excellent stakeholder management and communication skills, with the ability to influence at all levels
• A collaborative and solution-focused approach, combined with strong analytical and problem-solving capabilities

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.