Economist - Treasury & Investment Office - Multi Asset

Job Description

At M&G our vision is: to become the best loved and most successful savings and investment business and were looking for people who are excited about joining us on our journey. Were digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers.To help us achieve our vision were looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple. We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality,disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectivelydeliver in your role. What you can expect from us:We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

• Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
• Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
• Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
• Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualifiedprofessionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support. The M&G plc Treasury & Investment Office (T&IO) is responsible for the management of Prudential UKs With-Profits, Annuity and Unit-Linked funds, with more than £150bn of funds under management. T&IO works closely with the various asset management businesseswithin the M&G plc Group, and other external managers, to structure multi-asset portfolios aligned with the investment objectives of our clients. RoleThe Long Term Investment Strategy team (LTIS) determines the optimal Strategic Asset Allocation (SAA) and the strategic hedging policies for Prudentials multi-asset portfolios. As part of this, LTIS develops its proprietary capital markets assumptions andstochastic modelling capabilities to model the risks, returns and correlations between different asset class, asset sub-classes and macro-economic factors across different geographies over the medium to long term. Additionally, these assumptions and modellingcapabilities are used internally within the M&G Group by Finance and Product Development. The role is for an Economist focussing on the Capital Markets and Economic research that supports the production of the Capital Markets assumptions as well as the SAA. The role also supports other team activities such as Hedging/ALM strategy design, Productdesign and Distribution support and others as required. The key responsibilities as described in the next section. Key responsibilities:The individual will support the following processes within the team:

• 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. The research will include thematic pieces as wellas any scenario analysis (e.g. Covid and Brexit) carried out which could be used by other parts of the business.

• Capital Markets Assumptions - Provide the company with a full term structure of assumptions based on its medium and long term equilibrium economic views, including views on 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.

• Hedging & ALM Strategy - Provide advice and recommendations to Prudential on the appropriate hedging or ALM strategy for the Funds related to market risks (e.g. inflation and currency), investment risks (e.g. equity level, equity volatility), creditrisks, liquidity risks and operational risks.

• 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 distributionplatform aspects of M&G and provide support as required to meet the companys strategic objectives.

• LIBOR - Provide support to the IBOR Transition Programme, facilitating and aiding the Programme in achieving its goals of managing the transition of exposure away from IBOR into alternative rates in the best interest of M&G plcs clients.

• Board and Committee Papers on SAA and ALM/Hedging - Draft the Board and Committee papers on SAA and ALM/Hedging, with inputs from the relevant UK&E stakeholders, including Risk and Finance and IO teams as appropriate, in the formation of their recommendations.

• Business Development Support - Provide support to Business Development as required (e.g. on asset allocation and medium to long term economic themes). This support the wider business objective of the sales and distribution teams.

Requirements and experience:This role is ideally suited to someone who can demonstrate: Core:

Excellent attention to detail

Good communication skills

A flexible and adaptable approach

Build good relationships internally and externally

Ability to work within a team environment

Effective analytical skills (if applicable)

Client and delivery focused

Good planning and organisational skillsEffecti