Portfolio Manager
Portfolio Manager
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Job Description
At M&G our purpose is to give everyone real confidence to put their money to work.As an international savings and investments business with roots stretching back more than 170 years we offer a range of financial products and services through Asset Management Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients and superior shareholder returns.
Through our behaviours of telling it like it is owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Portfolio Manager Liability Driven Portfolio Management Team
The M&G Treasury & Investment Office (T&IO) is responsible for the management of Prudential UKs WithProfits NonProfit Annuity and UnitLinked funds with more than 140bn of funds under management. The Portfolio Manager position within Liability Driven Portfolio Management (LDPM) Team will have responsibility for the Prudential UKs nonprofit annuity portfolios other nonprofit portfolios as well as a range of nonprofit annuity and withprofits strategic hedging programmes.
Key responsibilities:
- Support the Head of LDPM in overseeing the portfolios including the implementation of investment and hedging strategies
- Supporting the companys strategic initiatives including annuity and other liability driven products/propositions with a particular focus on the investment strategy development and other related tasks (including the analysis of new assets/asset classes)
- Day to day management of annuity nonprofit and hedging portfolios including:
- Reviewing the annuity portfolio matching against liabilities including Solvency II compliance and transaction/exposure monitoring
- Responsible for Matching Adjustmentrelated and Solvency II focussed initiatives within the team including the support for any Matching Adjustment applications
- Monitoring proposing and/or approving trades for the rebalancing of the hedging programme whilst also supporting the oversight of the collateral management process
- Provides papers monthly portfolio MI and other reporting to the Investment Committee and other governance forums
- Regular contact withthe Fund Managers Operations and other teams including Finance and Risk
Requirements and experience:
- Very good knowledge of annuities (including demonstrable experience supporting new business activities) Solvency II Matching Adjustment and ALM
- Good knowledge and understanding of the financial services industry more broadly including different investment markets insurance and asset management and usage of derivatives
- The candidate would ideally have Portfolio Management experience in an SMCR regulated role
- Excellent attention to detail with strong communication skills
- Ability to build good relationships internally and externally
- Ability to work within a team environment
- Effective analytical and problem solving skills
- Client and delivery focussed
- Good planning and organisational skills to be able to handle multiple priorities
Qualifications:
- Actuary or CFA Charterholder preferred
Work Level: Manager / Expert
Location: London
Recruiter: Amy Curtis
Closing Date: 16/05/2025
We have a diverse workforce and an inclusive culture at M&G plc underpinned by our policies and our employeeled networks who provide networking opportunities advice and support for the diverse communities our colleagues represent. Regardless of gender ethnicity age sexual orientation nationality disability or long term condition we are looking to attract promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow by contacting us at:
Required Experience:
Manager
Employment Type
Full-Time
