Manager Oversight Analyst

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

The Life Investment Office (LIO) is responsible for approximately £159bn of assets, including the UK’s largest £134bn With Profits Fund, delivering multi-asset and annuity solutions on behalf of the Prudential Assurance Company (PAC). The LIO works closely with various asset management businesses within the M&G plc Group and other external managers to structure multi-asset portfolios aligned with the investment objectives of our clients.

Within Manager Oversight, analysts play a core role in designing, building and continuously improving the investment building blocks that underpin LIO portfolios. This role offers autonomy within a collaborative investment environment, with the opportunity to shape how LIO portfolios evolve over time. Working across asset classes and investment strategies, the role provides broad exposure to manager selection, portfolio construction and investment oversight; this responsibility encompasses all traditional (public equity, public bonds and cash) and alternative (real estate, private equity, real assets, diversifying strategies and private equity) asset classes across the different geographic regions the LIO allocates to. Analysts are active contributors to investment thinking, bringing independent analysis, challenge and insight that directly informs portfolio design, manager decisions and governance outcomes.

Key Responsibilities for this Role:

• Work alongside Asset Class Leads, the Multi-Asset Strategy Lead and Quantitative Research Lead to ensure analysis is aligned with the team’s strategic priorities, research agenda and portfolio objectives.
• Contribute to the selection, design and continuous improvement of investment building blocks used across LIO portfolios, across public and private markets.
• Perform quantitative and qualitative analysis to support manager selection and oversight – monitoring existing managers and strategies, identifying emerging risks, opportunities and recommending areas for portfolio enhancement.
• Contribute to portfolio construction analysis, including multi-manager combinations, benchmarks and implementation considerations.
• Participate actively in investment due diligence meetings with internal and external managers, forming independent views and contributing to recommendations.
• Build effective working relationships with internal and external fund managers, contributing to the evaluation of existing strategies and the development of new investment opportunities.
• Support continuous improvement of analytical tools, screening frameworks and oversight processes.
• Understand and demonstrate positive conduct in line with our purpose, values and behaviours.
• Understand the Company’s Sustainability vision and apply the Sustainability Strategy as appropriate for your role.

Key Knowledge, Skills & Experience:

• Experience in investment research, manager selection and multi-manager portfolio construction, with the ability to apply both quantitative and qualitative analysis to assess managers and investment strategies.
• Strong understanding of financial markets and investment products across public and private asset classes, including how they contribute to multi-asset portfolio outcomes and portfolio construction decisions.
• Ability to form independent investment views, challenge constructively and communicate recommendations clearly to a range of stakeholders, including investment professionals and governance forums.
• CFA or equivalent professional qualification preferred (or studying towards).

What we offer:

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
• Our Time Off When You Need It policy gives you the flexibility to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options.

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.