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

Overview

In this senior role, you will manage EUR, GBP and AUD securitized assets within European and Australian portfolios, collaborating with global teams. You’ll actively construct allocations across RMBS, ABS, and CMBS, while maintaining regulatory compliance and risk budgets. You will mentor junior colleagues and represent the group to clients and counterparties in London. This position offers a chance to shape securitized product strategies in a globally integrated setting and to drive value through cross-market insights.

Pay / Benefits

• Private medical insurance
• Annual leave 25–28 days
• Retirement savings plan with company contribution
• Life assurance & income protection

Responsibilities

• Actively manage and construct portfolios of EUR, GBP and AUD securitized assets across RMBS, consumer and commercial ABS and CMBS
• Allocate assets within sub-sectors and manage risk budgets, including security selection and trade execution
• Generate relative value ideas across sectors, currencies, and capital structures
• Source opportunities via buy-side/sell-side networks and direct-to-issuer relationships; negotiate terms as anchor investor
• Ensure compliance with UK/EU securitisation regulation, STS eligibility, and client capital constraints
• Collaborate with Securitized Products research for collateral performance monitoring and event-driven review
• Contribute to weekly desk head meetings and relative value forums to set investment strategy
• Represent Securitized Products capabilities to clients, consultants, and prospects in reviews, RFPs, and market commentary
• Maintain a culture of intellectual honesty and ethics; mentor junior investment professionals in London

Key requirements

• Significant investment experience in securitized products at an asset manager, insurance company, bank or hedge fund with a track record in portfolio management or risk-taking
• Deep expertise in European securitized markets (UK, Dutch, Irish, Spanish, Italian, pan-European RMBS/ABS/CMBS) and Australian AUD-denominated securitizations (preferred)
• Strong understanding of UK/EU securitisation regulation, Solvency II/UK treatment, and cross-jurisdiction accounting and rating considerations
• Established relationships with dealers, issuers, originators, servicers and arrangers in Europe and Australia
• Ability to review and interpret legal documentation (offering circulars, servicing agreements, intercreditor arrangements)
• Excellent written and verbal communication skills for presentations to committees, clients and consultants
• Highly organized and capable of managing multiple priorities across time zones in a globally integrated team
• Experience with internships or work in finance is viewed favorably (optional)
• Bachelor degree required; MBA/MS/CFA preferred
• Proven ability to navigate complex regulatory and capital considerations across jurisdictions

• Excellent communication
• Collaboration and teamwork
• Ethical judgment and humility
• Securitized products expertise (RMBS/ABS/CMBS)
• Cross-market relative value analysis
• Regulatory and risk management knowledge (UK/EU, STS, Solvency II)

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