Portfolio Risk Analyst (Asset Management)
MG Investments is Prudential plc's UK based fund management business and is one of Europe's leading active asset managers with more than £228 billion* of funds under management across fixed income, equity, property and multi-asset strategies. -*as at 31 December 2012
Opportunity
MAGIM Risk Analysis
At MG our philosophy is to find excellent fund managers with clear investment skills that will add value. We then empower those managers to implement their skills in the best interests of investors. We believe in the efficiency of small, performance-driven investment teams, but also regard it as critical to provide rigorous and robust infrastructure to ensure that managers are fully supported in the application of their insight.
A crucial part of our infrastructure is an effective resource that provides comprehensive risk analysis and supports management of investment risk. Accordingly, MAGIM Risk Analysis comprises a team of risk analysts and quantitative specialists that develops and runs risk models based on leading edge risk software, Algorithmics, tailored to the investment strategy and philosophy of each fund type.
MAGIM Risk Analysis is independent of the investment management team and provides investment risk analysis and monitoring across a broad spectrum of MG fund management activities including institutional mandates, retail mutual funds, hedge funds, treasury businesses and life funds. It has undertaken in-depth risk analysis on client funds since 2001 with particular focus on those funds employing derivative-based strategies.
Purpose of Role
To assist the risk management team in the fulfilment of their obligations to ensure that market and credit risks are controlled by the business. The role will involve working within the team under the direction of senior risk analysts with opportunities to work directly with our fund managers, investment specialists and product development teams.
Key responsibilities
* Support the development of effective portfolio risk analysis across a range of fund types including UCITS, NURS, offshore funds and institutional mandates. * Support of the senior risk analysts in monitoring of the funds in terms of changes in risk, drivers of performance, behavioural biases. * Providing and implementing new ideas to improve the monitoring of portfolio risk. * Bespoke requests as directed by the senior strategists or the fund managers * Carry out pre-trade analytics on prospective investment strategies and pre-launch modelling on new fund proposals. * Carry out research on market in order to understand the main risk drivers * Production and development of Value at Risk and stress testing reports * Production and development of risk reports of derivative based products/funds limits and exposures. * To support the Risk Management team in the completion of its assignments and investigations. * To undertake other ad hoc projects as required.
What we are looking for
* A 2:1 degree or equivalent in a numerate subject * Good knowledge of debt, equity and derivative products and their corresponding market drivers * Relevant experience in a quantitative role within investment environment is not essential but problem solving skills are * Strong programming and spreadsheet skills (Excel VBA level) are essential. * Experience with a market leading risk system (Algorithmics/RiskMetrics/UBS Delta) would be a distinct advantage. * Analytical, investigative and practical approach to problem solving. * High levels of numeracy and report writing skills. * Strong communication skills. * The ability to think creatively and analytically. * Must be self motivated and a good team player.
MG is an equal opportunities employer and welcomes applications from a diverse background.
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