M&G India | Senior Manager – Private Markets Research

Accountabilities/responsibilities

• The Senior Manager, Private Markets Research, is a front-office investment role responsible for supporting investment decisions across public and private structured credit markets, across investment grade (IG) and non-investment grade opportunities (NIG).
• The successful candidate will combine deep technical expertise, strong commercial judgement and intellectual curiosity to assess risk-adjusted investment opportunities, challenge market consensus and provide actionable recommendations.
• The role requires ownership of the full investment lifecycle, from initial screening and due diligence through to ongoing surveillance of existing investments.
• In addition to delivering high-quality credit analysis, the individual will be having to mentor junior colleagues, drive analytical excellence across the team and contribute to the continuous enhancement of research frameworks, tools and processes.
• Serve as a trusted research partner to portfolio managers and senior analysts, providing independent credit opinions and high-conviction investment recommendations.
• Lead fundamental analysis of structured credit opportunities across a broad range of asset classes, primarily Consumer ABS (including RMBS), but also CLOs, CMBS, Regulatory Capital and other securitised products.
• Develop a deep understanding of collateral characteristics, underwriting standards, transaction structures, payment waterfalls, credit enhancement mechanisms and key risks affecting performance.
• Build and maintain robust financial, credit and cashflow models, perform extensive scenario analysis and stress testing.
• Participate actively in issuer meetings, due diligence sessions and management discussions, demonstrating the confidence to challenge assumptions and test investment theses.
• Review transaction documentation in detail, identifying structural strengths, potential weaknesses and key legal considerations relevant to investment performance.
• Deliver high-quality investment memoranda and research reports that clearly articulate risk-return dynamics, downside protection and relative value opportunities.
• Monitor portfolio investments continuously, identifying emerging risks, changing credit dynamics and potential catalysts ahead of the broader market.
• Conduct thematic and sector-level research to identify structural trends, market dislocations and investment opportunities across structured credit markets.
• Drive innovation in research processes through automation, advanced analytics and the application of technology to improve efficiency and analytical depth.
• Reports to: Vice President – Private Markets Research
• Working closely with senior analysts and portfolio managers across the UK and Europe, the individual will independently evaluate complex investment opportunities spanning primarily Consumer ABS (including RMBS), but also CLOs, CMBS, Regulatory Capital transactions and other structured credit products if necessary.
• Coach and develop junior analysts, fostering technical excellence, independent thinking and a culture of continuous learning.

Requirements

• Deep expertise in structured finance, securitisation and credit markets gained through extensive transaction analysis and investment research.
• Strong understanding of multiple structured credit asset classes, including collateral behaviour, transaction structures, waterfall mechanics, credit enhancement features and performance drivers.
• Proven ability to conduct rigorous credit analysis and translate complex findings into clear investment recommendations.
• Advanced cashflow modelling and quantitative analytical skills with experience in scenario analysis and stress testing.
• Strong understanding of macroeconomic and market factors influencing structured credit performance.
• Exceptional problem-solving abilities and a natural inclination to challenge assumptions rather than accept consensus views.
• High levels of ownership, accountability and attention to detail.
• Ability to operate effectively in a fast-paced investment environment where priorities can evolve rapidly.
• Excellent written and verbal communication skills, with the confidence to engage and influence senior stakeholders.
• Strong technical capabilities including Excel, VBA, Python and Power BI.
• Experience using structured credit market tools such as Intex, Bloomberg and other analytical platforms.
• 7 - 9 years of relevant experience in structured finance, securitised products, credit research, structured credit investing or related fields.
• Demonstrable experience independently analysing and recommending investments across multiple structured credit asset classes.
• Track record of influencing investment decisions through high-quality analysis and commercial judgement.
• Prior experience leading, mentoring or managing analysts in a research-driven environment.
• Experience working directly with portfolio managers, investment teams or front-office stakeholders is strongly preferred.

M&G plc

M&G traces its origins to 1931, when it launched one of the first unit trusts in the United Kingdom. It became a separate listed company in October 2019, when Prudential plc completed the demerger of M&G plc and its shares were admitted to the main market of the London Stock Exchange. The group is based in the UK and manages savings and investments for retail and institutional clients. In India it operates through M&G Global Services Private Limited, set up in 2003, with offices in Powai in Mumbai and Viman Nagar in Pune. The India unit works with colleagues worldwide on business transformation, digital capability and operations. M&G plc itself does not offer financial services in India.

Finance hiring is mainly in Mumbai, with one treasury-systems role in Pune. Postings cover fund accounting oversight for private and public assets, balance sheet accounting, bond reporting, finance consolidation, treasury support on Kyriba, investment compliance, leveraged finance research and private markets research. Seniority runs from manager to vice president and head of function. The consolidation roles ask for a qualified CA with investment-industry experience (six years for one role and fourteen for the senior one), while others prefer CFA, CA, MBA Finance or FRM.

• Industry: Savings and investments: asset management, life and pensions, and wealth, with a focus on public and private markets
• Headquarters: London, United Kingdom (listed on the London Stock Exchange)
• In India: M&G Global Services Private Limited, established in 2003, with offices in Mumbai (Powai) and Pune (Viman Nagar) serving as the group's innovation and digital hub