Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.
Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Context for the role:
The M&G plc Risk and Compliance function:
1. Assists the Board to formulate, implement andmonitoradherence to the Risk Appetite and Limit framework, risk management plans, risk policies, riskreportingand risk identification processes.Provides guidance, tools and technology and reviews and assesses the risk taking activities of, the first line of defence, where appropriate challenging the actions being taken to manage and control risks; and, provides the Board with an aggregate view of M&G plc’s risk profile and supports them in identifying and assessing key and emerging risks which threaten the achievement of M&G plc’s objectives.TheM&G Lifeteamis responsible foroversight ofrisks within M&G Life.
2. The Model Validation team support the business in managing model risk across the groupthrough theindependent validation of both the Solvency II Internal Modelandother critical Models and User Developed Applications within the business, including pricing models andoperational risk modelling. The team also has responsibility of the company SolvencyUKcompliance framework, ensuring the business adheres to the relevant regulatory requirements including any new requirementsissued by the PRA.
3. TheManagerrole willprovidethe opportunity tovalidatethe Internal Model,interpretand support the business in understanding and adhering to the various regulations and produceandpresent papers for senior committees.
Key Responsibilities:
4. Provide independent validation of a range of models used across M&G plc (e.g. capital, pricing, valuations) to provide assurance on theaccuracy, reliability, and integrity of models used within an organization. This involves conducting independent reviews of models, assumptions, and methodologies toidentifypotential risks or weaknesses. Following completion of the validation, you willbe responsible forsummarising the results of the validation and present these in a succinct manner to relevant committees and senior stakeholders as well as agree any actions with the model owners.
5. Work collaboratively with colleaguesand key stakeholderstobuild out coverage of ourmodel development risks andsupport any developments to therisk framework.
6. To work collaboratively with colleagues and take personal accountability tomaintainand enhance controls youare responsible forto support improvement of the overall control environment, customers outcomes and a reduction in M&G plc’s operational risk.
7. To support thereporting of thequarterly model change logto the PRA andresults of the Solvency UK Compliance exercise tosenior committees and Boards.
Knowledge statements:
8. Experiencein the validationof models and tools
9. Goodknowledge ofFinancialservicesregulations and internal model design
10. Working knowledge of industry best practice and good network / links with individuals and external bodies
11. Goodknowledge of UK financial services regulatory environment
12. To havestrong knowledgeand recent exposure tomodeldevelopmentrisksand risk framework development
13. Awareness of external developments and ability toidentify, recommend and implementimprovements to processes and policies in line with thesedetailed statistical knowledge
Experience statements:
(Essential)
14. Experience in actuarialand statisticalmodelling
15. Experience in model risk and governance
16. Experience of providing constructive challenge and oversight of technical matters
17. Experience inmodeldevelopmentrisksand risk framework development
(Desirable)
18. Experience in risk guidance and compliance environments
19. Experience of liaising,influencingand negotiating effectively with internal parties
20. Experience of Financial Services regulatory environment and Prudential regulations
21. Experience ofmanaging projects
Personal attribute/skills:
(Essential)
22. Able to work collaboratively across the immediate team and broader Risk and Compliance function while also being able to work independently
23. Good analytical and organisational skills.
24. Good investigative skills and ability to constructively challenge
25. Able to look beyond face value, ask the right questions and make links and connections across the organisation.
26. A strong ability to learn quickly and explain issuesto others
(Desirable)
27. Relationship building skills
28. Strong oral and written communication skills.
29. High levelof diplomacy, discretion andproblem solvingability.
30. Experiencein Python,PowerBIor R
Qualifications:
31. Professional qualification, e.g.CFA orQualified Actuary, desirable
Experience Level - Manager/Expert
Recruiter - Helen Simons
What we offer:
At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
32. As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.
33. Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
34. Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
35. Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.
To explore more about life at M&G and our full benefits offering, visit
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: