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.
Role Context:
Leading the team with responsibility for market, credit, dependency and operational risk modelling for setting associated capital levels, with ongoing engagement with senior stakeholders both internally and externally.
The Head of Risk Modelling is responsible for:
1. The annual calibration of market and operational risks, as well as the dependency structure between risks, which includes collecting data, refreshing analyses, understanding changes, rationalising judgements and presentation to senior stakeholders.
2. Undertaking on-going development to the methodology and tools which underpin the calibrations. This involves research and implementation of enhancements, with associated testing and communication both across the business and with our regulators (including Major Model Change applications).
3. The production of monthly market data packs, with responsibility for delivering accurate and timely reports to end users across M&G plc.
4. The annual refresh of Group-wide Operating Standards for the production of Solvency II regulatory capital, including ensuring these keep up to date with change in the regulatory environment.
Purpose statements:
5. Manage teams consisting of actuaries and quantitative specialists.
6. Understand and be able to communicate complex technical problems from several angles.
7. Implement novel technical solutions that are pragmatic so they fit within the business’s needs and produce analysis to support solutions.
8. Ensure that work is accurate and delivered in a timely fashion.
9. Be confident in explaining results to senior management.
10. Document and communicate technical concepts in a way that is clear and concise.
Knowledge statements:
11. Good understanding of statistics and statistical methods
12. Strong technical skills (e.g. VBA knowledge, Matlab) and ability to lead the development of efficient tools
Experience statements:
13. Significant experience of specifying building or using capital models
14. Significant experience of communicating vision to gain support, motivate others, and build a sense of shared purpose
15. Significant experience of using knowledge of the external environment to shape thinking internally
16. Significant experience of acting as a trusted advisor to the business, utilising subject matter expertise to interpret complex recommendations, considering cause and effect, drawing conclusions and recommending solutions
17. Significant experience of identifying and anticipating potential concerns for key stakeholders and using multiple strategies and methods to gain support for change
18. Significant experience of coaching and guiding others
19. Experience of leading a team, building, organising and providing leadership
20. Experience of constructing and rolling out cross-divisional initiatives
Personal attribute/skills:
21. Ability to balance technical excellence and commerciality when exercising judgement
22. Work in an influential and collaborative manner
23. Proactive, forward thinking and strategic
24. Ability to establish and maintain credibility with the business
25. Ability to support and manage a team of technical experts, providing guidance and direction when required
26. Excellent verbal and written communication skills
Work Level: Integration Leader
Recruiter: Matt Campbell
Close Date: 20th February 2026
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:
27. 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.
28. 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.
29. 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.
30. 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: