Workplace Product Strategy Summer Internship 2024

Job Description

Company DescriptionAre you looking for a summer internship in Workplace Product Strategy One that develops commercial acumen alongside your technical skills Were looking for undergraduates who can answer yes" to the above for our Summer Internship Programme. Youll join us in one of L&Gs Retail division, gaining valuable insights over the course of the 8-week placement that starts on the 1st July. Please note, we can only accept 1 application per person across all of our intern programmes. Therefore, please think carefully about the programme you intend to apply for. Your first application will be considered as your only application. Job DescriptionWhat does the team doThe Workplace team are responsible for the strategy, development, and on-going maintenance and governance of Legal & Generals market-leading UK Defined Contribution (DC), contract and trust-based, workplace pension products. They are responsible for designinginnovative new solutions that meet customers needs and are commercially attractive for Legal & General, as well as launching new products in a timely and controlled way. Through their work, they help millions of customers save for their retirement and providethem with the flexibility to access to the full range of pension freedoms in retirement. The team enable employers, trustees and advisers to meet the requirements of auto-enrolment legislation via competitively priced, high-quality products that adapt and evolve as the savings and pension landscape changes. We also provide direct to consumer savingsolutions via our Personal Pension and Stocks & Shares Individual Savings Account (ISA). What youll be doing:

• Assist in preparing reports and management information for senior management
• Supporting the team to develop, deliver and govern market leading products, propositions and investment strategies that contribute to the future strategic direction of the Legal & General Retail business.
• Management of the teams internal mailbox, answering queries, and escalating as necessary, within the agreed SLA. This will support in learning the breadth of the role quickly.
• Support the teams adherence to the Risk Management Framework, ensuring identified risks recorded on the central risk management system are regularly reviewed and consistently managed in partnership with the Operational Risk team and other Legal & Generalcolleagues.
• Shadow and work with Senior Product Managers to deliver projects that impact our existing products and proposition, driving through necessary enhancements and developments, providing business cases where necessary to justify expenditure and thereby ensuringthe maintenance of a market leading Workplace DC proposition.
• Work with internal business stakeholders to discuss and agree product and proposition plans and initiatives and supporting investment solutions.
• Undertake analysis of customer, industry and regulatory activity, identifying and documenting where changes may be required that affect our existing Workplace DC products and investment propositions.
• Most importantly you will be learning new skills and gaining knowledge of how our business works!

QualificationsWhat were looking for First and foremost, we are looking for people who embody our behaviours:

• Straightforward - doing what we say and saying what we mean
• Collaborative - working together constructively
• Purposeful - working with pace and energy

Were not expecting prior industry experience, but well want to see that you have the tools to develop quickly. These include:

• 2:1 Degree (any discipline);
• You will be in your penultimate year of University (i.e. graduating in 2025)
• Excellent written and verbal communication skills as well as strong attention to detail
• Analytical mind-set
• Highly organised with the ability to prioritise effectively; you are someone who thrives in a fast-paced environment
• Flexible and a team-player
• Curiosity and an eagerness to learn
• Competent IT skills, including the Microsoft suite of Outlook, Word, Excel, PowerPoint and Teams

Additional InformationWhat is the assessment process Our Assessment process typically involves the following stages, but may vary slightly from scheme to scheme. Application form

• Captures essential information from candidate and is an opportunity to provide their CV

Online tests

• Includes multiple choice questions and a video interview. The online test asks a number of behavioural questions to help us understand more about candidates strengths. There is also an analytical component which assesses numerical reasoning skills. Inthe video interview, we will ask 3 core questions focusing on motivation to join L&G, as well as the candidates approach to learning.

Assessment centre (either face to face or virtual) comprised of:

• Group Exercise - candidates are given a task to work on in groups of up to 6 and observed
• Interview - Conducted by 2 assessors, 45 minutes including time for questions from the candidate, questions include competency and commercial based questions
• Presentation - 15 minutes in duration, 10 minutes to present and 5 minutes for questions from assessor

The brand with the brolly is choosing today to change tomorrow. Since 1836, weve grown to become one of the worlds largest asset managers, homebuilders, pension providers and insurance brands. Were all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet. We need people who share our ambitions, agility and entrepreneurial spirit to help us do it. At L&G, youll find a balance that helps you be your best. Empowered by hybrid working, were supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time athome for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance. Today, theres over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us Great minds dont have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation. <br/