Prudential Portfolio Management Group (PPMG) is an in-house fiduciary management arm of the Prudential Group, which was established up as a stand-alone entity in 2014 and is responsible for the investment strategy and portfolio management of approx. £160 billion in assets under management.
Within PPMG, the Long Term Investment Strategy (LTIS) team determines the long-term investment strategy for Prudential's multi-asset and annuities funds. Our areas of expertise include the Long Term and Medium Term assumptions, Strategic Asset Allocation, Hedging policy and ALM strategy. This requires an understanding of the characteristics of asset class returns, starting from the long term equilibrium assumptions to medium term time horizons and different scenario analysis. The team's capital markets expertise on asset modelling and medium/long term views is also used widely across the Prudential Group for applications ranging from product design to business planning.
As part of our business expansion, an opportunity has arisen for a multi-asset Investment Strategist to join our current team. We are looking for a self-driven, motivated individual to help us with the modelling of long term and medium term assumptions for different asset classes and macroeconomic variables.
You will be responsible for:
Long Term and Medium Term Assumptions - The candidate will assist the Long Term Investment Strategy Team to build its long term equilibrium economic assumptions and medium term views, including its expectations of returns across a wide spectrum of asset classes and geographies, as well as its views on volatilities and correlations across these asset classes. This will involve significant modelling skills.
Strategic Asset Allocation - The Long Term Investment Strategy Team manages the strategic asset allocation (SAA) and associated tactical asset allocation (TAA) limits (SAA tolerance levels) for different multi-asset funds, while ensuring compliance with all regulatory requirements and Prudential Group constraints. The candidate will help the team in framing the SAA advice and recommendations while taking into account its medium and long term views of expected returns and risks of different asset classes.
You will also have the additional responsibilities:
Hedging Strategy - The candidate may help the team in framing the appropriate hedging strategy for the multi-asset funds in managing their market risks (e.g., inflation and currency), investment risks (e.g., equity level, equity volatility), credit risks, liquidity risks and operational risks.
Product Design - The candidate may assist the Long Term Investment Strategy Team in the design of new investment products, based on the team's portfolio optimisation methodology and PPMG's views on different asset classes.
What we are looking for
You will be able to demonstrate capital markets expertise across different asset classes and geographies, with sound comprehension of the macroeconomic drivers of risks and returns. You have a postgraduate qualification in Statistics, Economics, Financial Mathematics or a related subject.
Statistical modelling and research skills are essential for this role; you will have the ability to create and use financial models of economic variables and asset prices to understand statistical behaviour of historical data. Conduct research on a diverse range of topics to apply judgement and expertise to the use of these models.
You can demonstrate understanding of the key portfolio optimisation factors and risk-reward trade-offs for setting long term investment strategy. You will also have analytical and quantitative skills and good knowledge of appropriate systems and software.
PPMG is committed to a diverse and inclusive workplace. Our role as an employer is very simple - to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.