PGIM Investments Director, Product Development

Expiring today

Recruiter
PGIM
Location
London, United Kingdom
Salary
Not Specified
Posted
27 Apr 2022
Closes
26 May 2022
Ref
14666867
Job Function
Hedge Funds
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU) (1). With $1.5 trillion in assets under management, and 38 offices spanning 17 countries, PGIM is among the world's top-10 largest asset managers. Comprised of seven self-governing asset management divisions, each PGIM business offers a distinct workplace culture that aligns with the firm's ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect and equality.

Our Business:

PGIM Investments is a diversified distributor of asset management capabilities, with over 100 actively managed funds globally. We are dedicated to helping clients tackle their toughest investment challenges and base the foundation of our investment strategy around collaboration and innovation. Our leadership team welcomes new ideas and challenging the status-quo and are committed to developing talent for long-term success.

Position Summary:

The role is a part of the Global Alternatives Product Development team which leads the research, analysis and development for Alternative/Private investment products created for global retail clients. This particular role will focus on alternative solutions for non-US clients and report to the Head of International Alternatives Product Development. Asset classes may include Private Real Estate, Private Debt / Direct Lending, Private Equity Secondaries, Hedge Funds and other Private Markets. Strategies will be packaged in Non-UCITS and UCITS structures organized as partnerships, corporates and contractual vehicles to support a global client base.

The position requires an ability to effectively:
  • Develop effective and robust products that adhere to the ever changing commercial and regulatory environment.
  • Manage multiple initiatives (at different levels of granularity) which have overlapping timelines, ensure timely delivery in a compliant and risk-controlled manner.
  • Adapt to changing business priorities.
  • Building strong relationships and trust with colleagues and stakeholders.
  • Become a subject matter expert for the Alternative product set

Principal Responsibilities:
  • Analyse and prepare feasibility studies and business cases for new products for submission to the relevant Product Committees.
  • Product structuring and design: convert product ideas into product designs. Define structure features (for example: domicile, legal / regulatory structure, liquidity, investment objectives / policies and pricing). Identifying key design issues and develop options/solutions.
  • Perform market analysis, competitor and product research relating to both existing and new products. Stay abreast of market developments, define product positioning and target markets.
  • On-going review of existing products - identify threats/opportunities and enhancements to product range which may result from internal or external drivers. Define strategy, specifications and implementation requirements.
  • Analyse the tax / regulatory landscape from a fund, client and investment perspective; analyse impact on product range and lead development / changes.
  • Present and facilitate review and approval of new products with the Board.
  • Establish global best practice for products from a technical and governance perspective.
  • Accountable for the planning, co-ordination, product related content (alongside Legal) and approvals of fund prospectuses and client communications.

Qualifications:
  • Ability to demonstrate significant previous alternative investment product development experience at an established asset manager.
  • Specific knowledge of one or more of the listed investment strategies would be advantageous
  • Self-starter, who takes ownership, works with minimal supervision and can deliver the right solutions.
  • Excellent verbal and written communication skills, an ability to communicate with impact.
  • Ability to plan, prioritise and manage multiple complex initiatives (at different levels of granularity).
  • Independent thinker who has an enquiring mindset.
  • Drive, energy and eager to progress in the role.
  • Flexible attitude.
  • Attention to detail.
  • Team-player.

Culture:

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.

(1) Prudential Financial, Inc. ("PFI") of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

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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.

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