PGIM Investments – Fund Risk Associate

Posted:
11/22/2024, 6:51:41 AM

Location(s):
Dublin, Leinster, Ireland ⋅ Leinster, Ireland

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

PGIM Investments – Fund Risk Associate
Based in Dublin

A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!  

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will do

As part of the firm’s global expansion and following its establishment of an Irish UCITS Management Company, PGIM Investments International is looking to hire a Fund Risk Associate. This Dublin based role will support the Designated Person for Fund Risk in demonstrating adherence with all Irish and other relevant legal and regulatory requirements in relation to fund risk.

What you can expect
 

The scope of the role includes the following duties:

  • Assisting in maintaining an effective framework for fund risk oversight and ensuring that the firm can operate in compliance with CP86, the Business Plan as well as UCITS and AIFM regulations
  • Supporting the DP for Fund Risk in ensuring the funds under management are managed in accordance with the entity's risk management framework, the fund offering documents, internal risk limits and applicable regulatory limits
  • Aiding in adhering to ongoing (monthly / quarterly) reporting obligations on the full suite of funds under management
  • Effectively measuring, managing and monitoring the risk profile of the respective funds in line with risk appetite and applicable RMP
  • Contributing to quarterly Board meeting preparation
  • Analysing the impact to risk from fund changes, as well as assessing risks in prospective fund launches

What you will bring

  • Experience in the investment management industry
  • Fluid understanding of performance and risk measures such as sensitivities, VaR, tracking error and stress testing
  • Strong knowledge of the mechanics of risk across all asset classes
  • Good understanding of data and systems and related experience working with various risk systems (BlackRock Aladdin, FactSet and Bloomberg etc.)
  • Strong open communication skills, organized, detailed, analytical and solution orientated 
  • High initiative and a positive attitude
  • Ability to identify material issues and know when to escalate them

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

  • Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
  • Annual Leave of 23 days at full pay.
  • Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.
  • Annual Bonus Programme & CleverCards Vouchers: Along with an annual bonus employees are rewarded with CleaverCards vouchers which are paid tax free.
  • Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.
  • Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.

About PGIM Investments
PGIM launched an Irish domiciled UCITS platform in 2013 (PGIM Funds PLC) which currently has over $8.5billion in assets across 30 funds managed by PGIM Fixed Income, PGIM Real Estate, Jennison and PGIM Quantitative Solutions. These assets have come from third parties as well as PGIM seed capital.

PGIM has taken a strategic decision to aggressively pursue asset raising opportunities, particularly in the global retail markets where it has not been prominent to date. PGIM will develop relationships with third party distributors outside the US, with a primary focus on EMEA but also seeking opportunities in Asia, Japan & South America. Relationships with distributors of Prudential’s retail mutual fund family in the US will be leveraged. The range of funds available in the UCITS vehicle is being expanded to include further funds managed by the PGIM investment management businesses and PGIM endeavours to obtain an AIFM license as well as a MIFID top up.

The UCITS initiative and the legacy QIF platform propelled the need to create a dedicated group within PGIM Investments, PGIM Investments International, that is focused on (i) development, management and servicing of the distribution relationships; (ii) operational support for the day-to-day activities of the fund including on-going supervision of outsourced service providers; (iii) management of the extensive governance requirements of the fund; and (iv) maintenance and development of the fund structure from a legal and regulatory point of view.

About PGIM – Global Asset Management

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.33 trillion in assets under management as of June 30th,  2024.  With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives.

With a history dating back 148 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Our Commitment to Diversity, Equity, and Inclusion

PGIM has a long-held commitment to advancing diversity, equity and inclusion, rooted in the belief that this is a prerequisite for PGIM's success and sustainability. We work to attract, retain, develop and promote talent at all levels and aim to have a workforce that reflects the communities where we work, live and invest. We are intentional about creating a workplace where everyone has a voice and is welcomed, valued, respected and understood. From the moment people join PGIM, we pledge to help them unlock their full potential. Together, we are shaping a future where talent knows no boundaries.

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PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.
 
Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.
 
PGIM Ireland has been awarded the IBEC Keep Well Accreditation Mark, this is in recognition of our commitment to making our employees wellbeing a priority.

Prudential Financial

Website: http://www.prudential.com/

Headquarter Location: Newark, New Jersey, United States

Employee Count: 10001+

Year Founded: 1875

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Asset Management ⋅ Finance ⋅ Financial Exchanges ⋅ Financial Services ⋅ Insurance ⋅ Health Care ⋅ Retirement