Head of Product Development

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong and Singapore.

Prudential was founded in London in 1848 on the principles of integrity, security and prudence and we still adhere to those principles today.

Prudential Plc issues a significant number of financial products, all of which involve an underlying exposure to investments both from the perspective of generating returns in line with policyholder expectations and matching any guarantees.

The Group Chief Investment Office works with the Group Chief Product Office, as well as the product, actuarial and investment teams in each of the local business units to help support the development of financial products which are both attractive to customers as well as aligned with Prudential risk appetite and achievable from an investment perspective. Generic product categories include participating funds, insurance linked funds, index-linked funds and tranche products. Designing attractive and successful products is key to supporting the ongoing success of Prudential Plc.

Principal Accountabilities:

The Head of Product Development will work with the Group Chief Product Office, as well as the product, actuarial and investment teams in each of the local business units to support the development of financial products which are both attractive to customers as well as aligned with Prudential risk appetite and achievable from an investment perspective.

To achieve this the Head of Product Development will use the capabilities housed in the Group Chief Investment Office as well as working with Eastspring and third-party managers. 

The Head of Product Development will be responsible for agreeing the design of the investment components of all products with the Group Chief Product Office and local business units. 

The Head of Product Development will lead cross‑LBU product investment strategy design reviews to harmonize investment components across markets while adapting for local constraints (asset availability, liquidity, regulation, tax, currency).

 

Core Competences Required:

 

·       Strong knowledge and experience of investment markets, including fixed income and equity across both public and private assets.

·       Good knowledge of insurance liability structures and product design/pricing.

·       Strong communication skills, both written and oral.

 

Education and Experience: 

 

·       At least 10 years of experience in either an actuarial or insurance asset management role

·       Relevant university degree

·       Actuarial or CFA qualification preferred

 

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.