Portfolio Manager

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.Through 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 TeamThe M&G Life Investment Office (LIO) 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 be primarily focussed on 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 strategiesSupporting the company's strategic initiatives, including its Bulk Purchase Annuity (BPA) 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 monitoringResponsible for Matching Adjustment-related and Solvency II focussed initiatives within the team, including the support for any Matching Adjustment applicationsMonitoring, proposing and/or approving trades for the rebalancing of the hedging programme, whilst also supporting the oversight of the collateral management processProvides papers, monthly portfolio MI and other reporting to the Investment Committee and other governance forumsRegular contact with the Fund Managers, Operations and other teams including Finance and RiskRequirements and Experience:Very good knowledge of Bulk Purchase Annuities (BPA) including demonstrable experience supporting new business activities, Solvency II, Matching Adjustment and wider ALMGood knowledge and understanding of the financial services industry more broadly, including different investment markets, insurance and asset management, and usage of derivativesThe candidate would ideally have Portfolio Management experience in an SMCR regulated roleExcellent attention to detail with strong communication skillsAbility to build good relationships internally and externallyAbility to work within a team environmentEffective analytical and problem solving skillsClient and delivery focussedGood planning and organisational skills to be able to handle multiple prioritiesActuary or CFA Charterholder (preferred)Location: LondonWork Level: Manager / ExpertRecruiter: Amy CurtisWhat we offer:At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work. Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments. Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture. Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind. To explore more about life at M&G and our full benefits offering, visit Life at M&GWe have a diverse workforce and an inclusive culture at M&G, 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.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: careers@mandg.com