Senior Quantitative Analyst (9 Mth Ftc)

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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 workplace accommodations to ensure you have what you need to effectively deliver in your role.

Senior Quantitative Analyst (9 mth FTC)

The Long Term Investment Strategy team (LTIS) determines the optimal Strategic Asset Allocation (SAA) and the strategic hedging policies for Prudential's multi-asset portfolios. As part of this, LTIS develops its proprietary capital markets assumptions and stochastic modelling capabilities to model the risks, returns and correlations between different asset classes, asset sub-classes and macro-economic factors across different geographies over the medium to long term. Additionally, these assumptions and modelling capabilities are used internally within the M&G Group by Finance and Product Development.

This role supports the Strategic Asset Allocation (including the production of SAA tables), Capital Markets and Economic research as well as the development of capital market tools. In addition, the role also supports sustainability initiatives, production of Performance MI and other activities as required.

Key Responsibilities: Strategic Asset Allocation - Provide advice and recommendations to Prudential on strategic asset allocation (SAA) and associated operational limits (SAA tolerance levels) for the relevant Funds including any hypothecated asset pools and new product propositions (e.g. M&G Wealth MPS and Moneyfarm, Global Income, etc). LTIS also recommends the Level 3 SAA (Benchmark Design). This shall include return benchmarks that align with the overall strategy of the Fund, taking into account risk-return considerations, liquidity, and other practical constraints. The SAA advice is consistent with the overall fund objectives.SAA Tables (One Version of the Truth) - Maintain the SAA Tables for all relevant funds and ensure that all agreed changes are communicated to all stakeholders, such as the underlying managers and various operations teams (PPMG, M&G and Performance Measurement). This also involves maintaining and updating a single source of SAA Tables, to help ensure all appropriate systems receive the SAA tables, TAA tramlines, etc in a controlled manner.Capital Markets and Economic Research - Provide M&G a regular update on the Economics and Capital Markets Research, globally and across a range of geographic regions to a list of interested readers. These will be captured in a monthly pack and also feature into regular publications to the IO Assumptions Committee as well as provide input into the SAA exercise. The research will include thematic pieces as well as any scenario analysis (e.g. Covid and Brexit) carried out which could be used by other parts of the business. This includes any support required by the business to understand and embed the scenarios into BAU.Capital Markets Modelling (Development) - Use appropriate knowledge and skill to design and develop capital market tools (GeneSIS, Efficient Frontier and other analysis) for use in SAA as well as the wider business, as required to meet business objectives. This includes the integration of capital market assumptions into the GeneSIS Real world modelling (for example EGR).Sustainability - Support the Firms ambitions in terms of ESG and sustainability, via a number of initiatives: new product design and support of launches, climate scenarios and stress testing and consideration of ESG factors.Performance MI and Ad hoc Investigations - Ensure accurate and timely delivery of various MI (including performance) to key stakeholders (including various boards and committees), to assist them in decision making. Carry out ad-hoc analysis and investigations on, for example, performance attribution, with a particular focus on performance vs peers.Product Design & Distribution Support - Provide support to Product Proposition and Distribution teams in terms of amending existing products and collaborating on ideas for new products. Strategically understand more about the products and distribution platform aspects of M&G and provide support as required to meet the company's strategic objectives. This includes for example any new product initiatives such as Global Income fund. Key Knowledge, Skills & Experience: Strong analytical and quantitative modelling skillsEffective problem-solving skillsIntellectual curiosityExtensive understanding of global investment markets and asset classes used in multi-asset portfoliosStrong understanding of investment riskExperience in using numerical methods and librariesAbility to analyse, interpret and visualise analytics outputDesirable: .NET, R, Python, Matlab, SpotfireExcellent attention to detailHighly motivated self-starter and "team player"Resilience and a flexible and adaptable approachGood communication skillsBuild good relationships internally and externallyClient and delivery focused Qualifications: Minimum Bachelor's degree in a numerate subject with high Maths & Computing content e.g. Comp Sci, Maths, Engineering or PhysicsCFA or qualifications in quantitative finance will be beneficial
Work Level: Manager / Expert

Location: London

Recruiter: Amy Curtis

Closing Date: 06/12/2024

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, physical, mental health or neuro-divergent conditions. We participate in the Disability Confident 'Offer an Interview' scheme, which means that candidates with disabilities or long-term health conditions who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying. These candidates are also supported to ensure they have the best opportunity to demonstrate that they can do the job.
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