Product Development Associate
London Based, Hybrid
A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREAbout PGIM – Global Asset Management
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.39 trillion in assets under management as of March 31st 2025. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.
With a history dating back 148 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
The RoleWe are seeking an individual to join our Product Development team. Our team manages the product development lifecycle and plays a critical role in creating, structuring, and delivering innovative investment strategies (public and private) to global investors across all channels (including retail, institutional, insurance and private wealth). The team is also responsible for the business oversight, administration, and coordination of strategic change efforts related to commingled investment products (funds).
This role is based out of our London, UK office and will be focused on European UCITS, AIFs and other alternative vehicles primarily targeted for the Wealth channel in the EMEA region. The individual will need to forge strong relationships and collaborate closely with the European client group and other global support functions primarily based in the US as well as such as legal, marketing, compliance, operations and investment teams.
Strong project management skills, detail-orientation, experience in the asset management industry and the ability to work independently are a must. Clear communication and teamwork will be critical characteristics necessary to succeed in this role.
This position reports to a Director of Product Development based in London, UK. However, the individual who fills the role will be part of a larger global product development team based both in London, UK and Newark, NJ. This is an excellent opportunity for someone who has worked in an investment product related area in the past, or has transferable skills, who is motivated to learn and get exposed to the wide breadth of business and strategy of the PGIM organization. PGIM offers mentorship, regular training, career development services and support for continuing education.
What you can expect- Support the lead Product Developers for UCITS, QIFs and non-US Wealth products for a variety of initiatives.
- Support Distribution teams across PGIM in their fundraising efforts and resolve day-to-day product -related issues.
- Assist in all aspects of the product lifecycle, including project management support for fund launches, mergers, in-kind transfers, liquidations and product changes.
- Drive product improvement initiatives, including but not limited to changes to workflows, database maintenance, adaptation to new regulatory challenges, policy updates, vendor changes, operational and strategic changes.
- Maintain the product development and launch pipeline and other product support tools on TEAMS and SharePoint.
- Lead on the coordination and review of fund rebates, record keeping, share class launches and closures procedures and general fund operational queries.
- Support review of legal, marketing, RFP and other documentation from a commercial perspective, escalating any questions or issues as required.
- Longer term, develop the necessary leadership and project management skills necessary to lead implementation of product initiatives or related key aspects.
- You will be supported by the team to ensure excellent levels of client service are achieved.
- Minimum 4 years of relevant experience in either product, business development, client management or operations within the asset or wealth management, consulting or investment banking industry.
- Capacity to handle multiple projects simultaneously; strong execution and follow through skills in a fast-paced environment.
- Intellectually curious, goal-oriented, self-starter individual with a growth mindset and bias toward action and a commitment to work with integrity to deliver high quality results.
- Strong analytical, problem-solving and organizational skills with attention to detail.
- Willingness to take on personal accountability and enjoy problem solving.
- Clear communication(written and verbal), excellent interpersonal skills, with proven ability to easily collaborate in a team environment across all levels of the organization.
- Ability to work independently and build partnerships across functions.
- Proficiency in full Microsoft suite.
- Undergraduate degree required.
- Specific experience with European structures (AIF, UCITS and Semi Liquid vehicles) or transferable skills ETFs or Collective Investment Trusts.
- An understanding of the asset management industry, investment products and the role of key support functions in asset management.
- Being in the process of pursuing technical training, continuing education, and/or advanced designations.
- Strong project management (or desire to learn) and communication skills.
- Experience working with colleagues across various locations and time zones.
- Genuine interest in the European regulatory landscape impacting the asset management and fund industry, including those related to Environmental Social Governance (“ESG”).
- Personable with a strong work ethic.
- Knowledge of Power BI.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.
Top Skills
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients.
The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives.
In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact.
*Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
