Portfolio Manager

M&G plc; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Portfolio Manager to join their Liability Driven Portfolio Management Team. This role involves managing significant non-profit annuity portfolios and implementing strategic hedging programmes. The ideal candidate will bring extensive knowledge of annuities, Solvency II, and portfolio management in a regulated environment. You'll work closely with various teams to ensure compliance and optimize investment strategies. This position offers a collaborative work culture and the opportunity to make a meaningful impact in the financial services sector. If you're ready to take your career to the next level, this role is for you.

Qualifications

• Very good knowledge of annuities and Solvency II.
• Experience in portfolio management in a regulated role.
• Strong analytical and communication skills.

Responsibilities

• Oversee portfolios and implement investment strategies.
• Manage annuity and non-profit portfolios daily.
• Provide reporting and support for governance forums.

Skills

Annuities Knowledge

Solvency II Compliance

Portfolio Management

Analytical Skills

Communication Skills

Relationship Building

Problem Solving

Planning and Organization

Education

Actuary or CFA Charterholder

Job description

Join to apply for the Portfolio Manager role at M&G plc

Join to apply for the Portfolio Manager role at M&G plc

Get AI-powered advice on this job and more exclusive features.

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: [e-mail]

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Investment Management

Referrals increase your chances of interviewing at M&G plc by 2x

Get notified about new Portfolio Manager jobs in London, England, United Kingdom.

London, England, United Kingdom 1 month ago

Investment Manager - Infrastructure Equity EMEA

London, England, United Kingdom 4 days ago

Investment Analyst (12 Month Fixed Term Contract)

London, England, United Kingdom 5 days ago

London, England, United Kingdom 5 days ago

London, England, United Kingdom 1 week ago

London, England, United Kingdom 1 month ago

Junior Fixed Income Trader - Global Rates

London, England, United Kingdom 2 weeks ago

London, England, United Kingdom 3 weeks ago

London, England, United Kingdom 4 months ago

Greater London, England, United Kingdom 4 weeks ago

London, England, United Kingdom 3 days ago

London, England, United Kingdom 6 days ago

Investment Analyst, Responsible Investing

London, England, United Kingdom 4 weeks ago

London, England, United Kingdom 2 weeks ago

London, England, United Kingdom 1 year ago

London, England, United Kingdom 2 weeks ago

Greater London, England, United Kingdom 6 days ago

London, England, United Kingdom 2 days ago

London, England, United Kingdom 2 months ago

Investment Manager, Leading UK Growth Capital Investor, London, UK

London, England, United Kingdom 2 weeks ago

Senior Investment Manager (London - Multiple Roles)

London, England, United Kingdom 1 month ago

London, England, United Kingdom 3 days ago

City Of London, England, United Kingdom 3 weeks ago

London, England, United Kingdom £35,000.00-£55,000.00 7 hours ago

London, England, United Kingdom 1 month ago

London, England, United Kingdom 3 days ago

Portfolio Manager/Engineer – Equity/ ETFs/Index Investing

London, England, United Kingdom 2 weeks ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.