Portfolio Manager – European & Australian Securitized Products

(PGIM Credit - Securitized Products, London)

A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! 

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will do

We are seeking an experienced Portfolio Manager to join our Securitized Products group in London, with responsibility for investing in non-US securitized assets denominated in EUR, GBP and AUD. The successful candidate will be fully integrated within the global Securitized Products team and manage these investments within portfolios across European and Australian RMBS, ABS and CMBS on behalf of all third party and proprietary portfolios.  CLO experience is a plus, but not a requirement.

 

This is a senior, market-facing role. The Portfolio Manager will partner closely with the US-based sector portfolio managers, the Securitized Products research teams in London and the US, and the firm’s macroeconomic research professionals. The individual will serve as a primary point of contact in the London market for dealers, issuers, arrangers and other counterparties.

 

What you can expect

·       Actively manage and construct portfolios of EUR, GBP and AUD securitized assets across RMBS, consumer and commercial ABS and CMBS.

·       Responsibility for sub-sector ”sleeve” asset allocation, security selection, position sizing, capital structure positioning and trade execution within assigned risk budgets and client guidelines.

·       Generate and articulate relative value trade ideas across sectors, currencies, and capital structure, including cross-market comparisons against US securitized and corporate credit.

·       Source opportunities through buy-side and sell-side networks and direct-to-issuer relationships and use scale to negotiate favourable terms as an anchor investor.

·       Ensure compliance with applicable regulatory regimes, including UK/EU securitisation risk retention and due diligence requirements (Article 5/7), STS eligibility, and client-specific capital constraints.

·       Partner with the Securitized Products research team on ongoing surveillance of collateral performance, internal ratings and event-driven review of positions.

·       Actively contribute to the weekly desk head meetings and relative value forums that set investment strategy across the global Securitized Products platform.

·       Represent our Securitized Products capabilities with clients, consultants and prospects, contributing to portfolio reviews, RFPs, market commentary and conference participation.

·       Carry our team culture of high intellectual honesty and mutual respect with colleagues while always acting ethically, with conviction and great humility for the benefit of our clients.

·       As a senior leader, mentor and develop junior investment professionals in London.

 

What you will bring

·       BA/BS degree required; MBA, MS and/or CFA are preferred.

·       Significant years of investment experience in securitized products at an asset manager, insurance company, bank or hedge fund, with a demonstrable track record of portfolio management or risk-taking.

·       Deep expertise across European securitized markets (UK, Dutch, Irish, Spanish, Italian and pan-European RMBS/ABS/CMBS) with direct experience in AUD-denominated securitizations strongly preferred.

·       Command of UK and EU securitisation regulation, Solvency II / Solvency UK treatment, and the ability to navigate insurance capital, accounting and rating considerations across jurisdictions.

·       Established relationships across dealers, issuers, originators, servicers and arrangers in Europe and Australia.

·       Ability to review and interpret legal documentation, including offering circulars, servicing agreements and intercreditor arrangements.

·       Excellent written and verbal communication skills, with the ability to present investment recommendations to investment committees, clients and consultants.

·       Highly organised, detail-oriented and able to manage multiple priorities across time zones in a collaborative, globally integrated team.

 

What will set you apart?

·       Candidates who have completed internships and/or have some work experience in a Finance industry role will be viewed favorably.

·       Candidates with Economics, Accounting, Finance or Business degrees would be viewed favorably.

 

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.
• Annual Leave of 25 to 28 days, based on years of service, at full pay.
• Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary.
• Life Assurance & Income Protection: Life Assurance for 8 times your basic annual salary, up to a max benefit of £1.8million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.
• undefinedTo find out more about our Total Reward package, visit https://youtu.be/acuhcv46Nz0

   

  About PGIM CreditPGIM Credit Income is a global asset manager offering active solutions across all fixed income markets.Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.Prudential Financial, Inc. is focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential. For more information, please visit PGIM Credit.   Our Commitment to Diversity, Equity, and InclusionPGIM has a long-held commitment to advancing diversity, equity and inclusion, rooted in the belief that this is a prerequisite for PGIM's success and sustainability. We work to attract, retain, develop and promote talent at all levels and aim to have a workforce that reflects the communities where we work, live and invest. We are intentional about creating a workplace where everyone has a voice and is welcomed, valued, respected and understood. From the moment people join PGIM, we pledge to help them unlock their full potential. Together, we are shaping a future where talent knows no boundaries. 

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Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.

We are a Disability Confident Level 1 Employer, committed to creating an inclusive and accessible workplace for disabled people.
 
If you require workplace adjustments to the hiring process, please discuss those with your recruiter directly.