Senior Manager - Private Markets Research

mgpru; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

M&G India is seeking a Senior Manager - Private Markets Research in Mumbai. The role involves leading investment research across public and private structured credit markets, with emphasis on Consumer ABS, CLOs, CMBS, and Regulatory Capital transactions.

You will collaborate with UK/Europe teams and mentor junior analysts. Responsibilities include owning the full investment lifecycle from screening to surveillance, delivering high-quality research, and driving innovation in analytical frameworks

Qualifications

• No formal qualifications listed in provided ad.

Responsibilities

• Lead fundamental analysis of structured credit opportunities across asset classes such as Consumer ABS, CLOs, CMBS, and regulatory capital.
• Develop a deep understanding of collateral characteristics, underwriting standards, and cashflow structures.
• Build and maintain financial, credit, and cashflow models with scenario analyses and stress tests.
• Deliver investment memoranda and research reports clearly outlining risk/return dynamics and relative value.
• Monitor portfolio investments, identify emerging risks, and surface catalysts ahead of the market.
• Coach junior analysts and promote analytical excellence and best practices within the team.

Job description

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About 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.

Title: Senior Manager - Private Markets Research

Function: Investments

Function: Investment Research

Reports to: Vice President - Private Markets Research

Location: Mumbai

Overall Job Purpose:

The Senior Manager, Private Markets Research, is a front-office investment role responsible for supporting investment decisions across public and private structured credit markets, across investment grade (IG) and non-investment grade opportunities (NIG). Working closely with senior analysts and portfolio managers across the UK and Europe, the individual will independently evaluate complex investment opportunities spanning primarily Consumer ABS (including RMBS), but also CLOs, CMBS, Regulatory Capital transactions and other structured credit products if necessary.

The successful candidate will combine deep technical expertise, strong commercial judgement and intellectual curiosity to assess risk-adjusted investment opportunities, challenge market consensus and provide actionable recommendations. The role requires ownership of the full investment lifecycle, from initial screening and due diligence through to ongoing surveillance of existing investments.

In addition to delivering high-quality credit analysis, the individual will be having to mentor junior colleagues, drive analytical excellence across the team and contribute to the continuous enhancement of research frameworks, tools and processes.

Accountabilities/Responsibilities

• Serve as a trusted research partner to portfolio managers and senior analysts, providing independent credit opinions and high-conviction investment recommendations.
• Lead fundamental analysis of structured credit opportunities across a broad range of asset classes, primarily Consumer ABS (including RMBS), but also CLOs, CMBS, Regulatory Capital and other securitised products.
• Develop a deep understanding of collateral characteristics, underwriting standards, transaction structures, payment waterfalls, credit enhancement mechanisms and key risks affecting performance.
• Independently evaluate primary and secondary market opportunities through detailed collateral, structural and cashflow analysis.
• Build and maintain robust financial, credit and cashflow models, perform extensive scenario analysis and stress testing. Also, articulate the implications for valuation and investment risk.
• Participate actively in issuer meetings, due diligence sessions and management discussions, demonstrating the confidence to challenge assumptions and test investment theses.
• Review transaction documentation in detail, identifying structural strengths, potential weaknesses and key legal considerations relevant to investment performance.
• Deliver high-quality investment memoranda and research reports that clearly articulate risk-return dynamics, downside protection and relative value opportunities.
• Monitor portfolio investments continuously, identifying emerging risks, changing credit dynamics and potential catalysts ahead of the broader market.
• Conduct thematic and sector-level research to identify structural trends, market dislocations and investment opportunities across structured credit markets.
• Incorporate ESG considerations into the investment process by evaluating collateral quality, transaction structures, counterparties and long-term sustainability risks.
• Drive innovation in research processes through automation, advanced analytics and the application of technology to improve efficiency and analytical depth.
• Influence and elevate analytical standards across the broader research function by promoting best practices, knowledge sharing and intellectual rigour.
• Coach and develop junior analysts, fostering technical excellence, independent thinking and a culture of continuous learning.

Key Stakeholder Management

Internal:

• Head of Inv