Prudential Portfolio Management Group (PPMG) is an in-house fiduciary management arm of the Prudential Group, which was established up as a stand-alone entity in 2014 and is responsible for the investment strategy and portfolio management of approx. £160 billion in assets under management.

The individual will be part of a shared-service legal and compliance team that supports PPMG and PruCap. The team is client-focused and engages directly with business units to identify pragmatic solutions to legal issues.

The main duties and responsibilities for the individual are to:

  • review, draft and negotiate a range of contracts relating to asset management and advisory activities including investment
  • management agreements and third-party outsourcing arrangements (e.g., fund administration, custody, cash management and clearing arrangements, etc.);
  • provide pragmatic and commercial legal advice and documentation covering a broad range of legal, corporate and (in conjunction with the compliance team) regulatory matters, including complex intragroup arrangements, corporate governance and emerging litigation matters;
  • assisting with advice relating to treasury, trading and principal finance matters, whether as part of intra-group arrangements or third-party negotiations;
  • review, draft and negotiate outsourcing agreements, data and software licences agreements, engagement letters, consultancy agreements and NDAs;
  • advise on strategic initiative and legal risks associated with such initiatives and business plans;
    assist with compliance and reporting relating to legal activities under the Prudential Group Governance Manual;
  • draft guidance papers and notes on legal issues relevant to the business;
  • advise on legal developments and risks that affect the business;
  • assist in managing external lawyers;
  • assist in the development of internal know-how and precedents and best practice;
  • provide ad hoc support to the shared-service legal and compliance team as necessary, which could include work related to alternative investment funds and/or unit-linked funds.

Job Knowledge, Skills & Experience

The individual will possess the following knowledge, skills and experience:

  • proven experience within an asset management business, especially with advising and liaising with front office, operational teams and external clients;
  • awareness of regulatory landscape for investment management business including knowledge of industry best practice for asset managers, insurance companies and other large institutional investors;
  • awareness of treasury, trading and/or principal finance matters;
  • understanding of onshore and offshore fund structures such as UCITS, OEICs, SICAVs, etc.;
  • knowledge of major outsourcing agreements, data and software licences agreements and NDAs;
  • deep commercial and corporate law knowledge with proven skills of reviewing, negotiating and drafting complex commercial
  • agreements and market trading agreements such as broker agreements, OTC derivative and fx documentation under ISDA;
    knowledge of insurance business is a plus but not mandatory.

Core Competencies

The individual will possess the following core competencies:

  • ability to spot and assess legal risk and apply mitigation strategies;
  • ability to express complex issues succinctly and clearly to non-technical colleagues;
  • proven ability to work closely with a business and ability to interact with multiple levels in an organisation;
  • strong organisational skills, ability to multi-task with attention to detail;
  • service oriented and results focused;
  • commercial awareness - ability to solve problems, not create them;
  • dynamic, flexible and enthusiastic;
  • diplomatic influencing skills;
  • ability to think independently and challenge both the team and peers in an appropriate manner;
  • strong oral and written communication skills; and
  • cultural sensitivity and a proven ability to work across cultures.


The individual will possess the following core competencies:

  • relevant post qualification experience, gained either in-house or within a law firm;
  • qualified UK solicitor or equivalent jurisdiction;
  • trained and qualified at leading corporate law firm or financial services institution;
  • in-house experience, for example by way of secondment, is an advantage but not mandatory.