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 UK’s With-Profits, Non-Profit Annuity and Unit-Linked 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 UK's non-profit annuity portfolios, other non-profit portfolios, as well as a range of non-profit annuity and with-profits strategic hedging programmes.
Key responsibilities:
- Support the Head of LDPM in overseeing the portfolios including the implementation of investment and hedging strategies
- Supporting the company's 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, non-profit and hedging portfolios, including:
- Reviewing the annuity portfolio matching against liabilities, including Solvency II compliance and transaction/exposure monitoring
- Responsible for Matching Adjustment-related 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 with the 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 employee-led 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.
M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]
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What We Do
M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work.
With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.
