An excellent opportunity has arisen for a Risk & Controls Manager to join our highly respected Risk, Assurance and Remediation team with our Life Division.
Reporting to the Head of Risk (Life), this role will support the Corporate Pensions Solutions Managing Director, working closely with senior leadership teams in M&G Life and wider risk function.
Key Responsibilities for this role:
* Using your non-financial risk knowledge and expertise to support the Managing Director(s) to roll out and maintain risk management practices in line with M&G’s Operational Risk Framework.
* Lead the coordination of completion of change risk assessments for significant projects and programmes to ensure controlled, effective decision making.
* Supporting business area leads to identify and assess key risks, plan appropriate risk treatment paths and identify and implement key controls.
* Monitor risk and control environment metrics and other indicators, e.g. Issues, Notifiable Events, KRIs etc.
* Establish and chair local governance forum for the supported business areas. Review and enhance risk forum papers to ensure that Managing Directors have an up‑to‑date risk profile which facilitates productive risk‑based discussions. Provide inputs or escalations to Life and PAC risk reporting team as required.
* Identify and assess emerging risks proactively with the relevant business area, e.g. through process or change impact analysis, root cause analysis of issues/events.
* Manage or support thematic risk, control or policy adherence reviews as required.
* Ensure RCSA owners regularly self‑assess top risks impacting the business area and are accountable for delivering high‑quality RCSA submissions, which meet organisational requirements and timescales.
* Work in collaboration with stakeholders across M&G’s three lines of defence to support a robust control environment both within Life and any material third parties.
* Drive / lead projects and team improvement initiatives.
* Lead, support and coach colleagues to ensure your team provides and maintains an excellent risk SME service to all stakeholders. This will include line management of 1–2 risk analysts.
* Advise in the design, development and deployment of risk appetite and supporting key risk indicators, metrics and monitoring to assess and monitor the risk profile.
Key Knowledge, Skills & Experience:
* At least 10 years of experience working in regulated financial services organisations, in a Line 1 or 2 role.
* Experience working within a bulk purchase annuity environment.
* Experience of implementing risk frameworks and methodologies.
* Strong stakeholder management, communication and influencing skills.
* Collaborative nature, with ability to work effectively with colleagues in Risk, Operations and other key functions within M&G Life and across the Group.
* Proactive approach to problem solving, understanding root causes, and driving continuous improvement.
* Strong analytical mind and an eye for detail.
* Strong work ethic, positive attitude, and teamwork.
* Working knowledge of life and pensions products, markets and competitors (advantageous).
* Knowledge of M&G systems, services and distribution methods (preferred).
This role will have a blended approach between working from home and our office in Stirling (2–3 days).
Work Level: Manager / Expert
What we offer:
* As a savings and investments firm we offer a valuable pension scheme with 18% contribution, of which 13% is employer contributions and 5% employee contributions. We also offer ShareSave and our Share Incentive Plan, together with access to financial wellbeing and support services.
* Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to five extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
* Our market‑leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
* Health & protection cover including private healthcare, critical illness cover and life assurance for you, with family options.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and 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 Disability Confident Leader and welcomes applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions.
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