Senior Quantitative Analyst

PPMG Ltd; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Pension up to 18%

Share Save / Share Incentive Plan

38 days annual leave

Time Off When You Need It

Inspiring Families policy - parental/m

Health & Protection cover

Job summary

Senior Quantitative Analyst at M&G in London. The Life Investment Office develops multi-asset solutions and performs rigorous portfolio analysis to guide investment decisions.

The role requires strong mathematical background, advanced Python skills, and experience in risk modelling and portfolio construction. You will contribute to strategic asset allocation and produce actionable insights for senior stakeholders.

Qualifications

• Strong mathematical and statistical background required.
• Extensive experience in quantitative investment and risk modelling.
• Proficiency in Python for portfolio analytics and tooling.

Responsibilities

• Support Strategic Asset Allocation and Reference Portfolios across multi-asset portfolios.
• Undertake quantitative portfolio analysis to assess risk and return characteristics.
• Develop portfolio optimization, scenario analysis and robustness-testing capabilities.
• Evaluate impact of investment assumptions, portfolio constraints and implementation considerations.
• Develop clear portfolio diagnostics and translate complex quantitative analysis into insights for senior investment decision-making.
• Develop and maintain quantitative models and analytical tools, with testing and version control.

Skills

Quantitative analysis

Portfolio construction

Investment risk

Python

Analytical thinking

Communication

Governance

Education

Strong quantitative academic background in mathematics, statistics, physics, computer science, financial engineering, economics or related field

Tools

Python

Job description

At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

Senior Quantitative Analyst

The Life Investment Office (LIO) is responsible for approximately £159bn of assets, including the UK’s largest £134bn With Profits Fund, delivering multi-asset and annuity solutions on behalf of the Prudential Assurance Company (PAC). The LIO has deep expertise across asset allocation, manager selection and oversight, strategy design, derivatives and portfolio management. By combining scale, experience and global partnerships, LIO focuses on building resilient, diversified portfolios designed to deliver long-term value for clients.

• Support the development of Strategic Asset Allocation and Reference Portfolios across LIO’s multi-asset portfolios
• Undertake quantitative portfolio analysis to assess risk and return characteristics and portfolio trade-offs
• Develop portfolio optimisation, scenario analysis and robustness-testing capabilities to support portfolio construction and investment decisions
• Evaluate the impact of investment assumptions, portfolio constraints and implementation considerations on portfolio outcomes
• Develop clear portfolio diagnostics and analytical outputs, translating complex quantitative analysis into insights for senior investment decision-making
• Develop and maintain quantitative models and analytical tools, primarily using Python, with appropriate testing, documentation and version control
• Critically evaluate quantitative models and methodologies, understanding their limitations and applying practical investment judgement when interpreting results

• A strong quantitative academic background in mathematics, statistics, physics, computer science, financial engineering, economics or a related field
• Significant experience in quantitative investment, portfolio construction, risk modelling or a closely related area
• A strong understanding of multi-asset portfolio analysis, investment risk and portfolio-construction techniques
• Advanced Python skills and experience developing reliable analytical tools and processes
• The ability to apply and critically evaluate quantitative models, understand their limitations and exercise appropriate investment judgement
• Strong analytical and problem-solving skills, with the ability to structure and address complex or ambiguous investment questions
• The ability to communicate technical concepts clearly and work effectively with both technical and non-technical colleagues and stakeholders
• High standards of accuracy, transparency, documentation and governance

Location: London

Work Level: Manager / Expert

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside 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 five extra days.
• Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G. At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application. We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying.

M&G 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 2024, we had £345.9 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, 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.