Credit | Portfolio Manager – European & Australian Securitized Products, Executive Director

Portfolio Manager – European & Australian Securitized Products(PGIM Credit - Securitized Products, London)
A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTUREAs 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 doWe 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 counter parties.

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…