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.

The Solvency II Enterprise Risk Management Team sits within th e M&G plc Risk and Compliance function who are responsible for :


*assisting the Board to formulate, implement and monitor adherence to the Risk Management Framework;


*reviewing, assessing and challenging the actions taken by first line of defence to manage , mitigate and control risks; and


*providing the Board with an aggregate view of M&G plc’s risk profile and supporting them in identifying and assessing key and emerging risks.



The team primarily operates across the Life business however some Group processes owned by the team also consider the wider A sset M anagement and Group functions. The team is responsible for a number of Solvency II enterprise-wide risk management processes, reporting into Board s and Committees .

The role provides a n excellent opportunity to gain experience in a Risk function and consider risk holistically to support M&G’s growth plans. The role will interact with a wide range of stakeholders to aggregate risk-based information and communicate it effectively to Boards and Committees. The role is reliant on collaborating with the first , second and third lines of defence to collate, challenge and present information in relation to the Group’s enterprise risk management processes.

The processes that the team manages run across the year and include annual reporting, maintaining compliance with the Solvency II Pillar II requirements, risk identification including analysis of emerging risks, collation of the Own Risk and Solvency Assessment (ORSA) Report and calculation of the operational risk capital requirements.

The risk analyst role combi nes own ership of key team deliverables with support ing senior members of the team in completing larger more complex process es . The role provides opportunities to interact with senior management including produc ing board papers and present ing these at committees .

T he team’s work is primarily based around the Solvency II requirements however an in depth knowledge of the Solvency II regulations is not necessary as long as the s uccessful candidate has relevant experience and is enthusiastic with a desire to learn . The team is looking for someone with an analytic mindset and proactive attitude who is able to work independent ly and has the ability to communicate effective ly to build relationships with a variety of different stakeholders.

The role would be best suited to a partially qualified actuarial student, a recent graduate with a relevant actuarial , risk or finance based degree or someone with existing Finance or Risk experience l ooking to work in Solvency II or risk management.

Key accountabilities for this role
*Ownership of the M anagement I nformation report for the Internal Model Governance Oversight Committee and supporting processes such as maintenance of the documentation inventory.

*S upport the coordination and production of regulatory disclosure documents , including the Solv ency and Financial Condition Reports , ORSA Report and Annual Reporting Accounts .


*Maintain Group-wide Operating Standards and monitor compliance with the Solvency II Pillar II regulatory requirements including compliance attestations .


*S upport the team in identifying risk including monitoring emerging risks and identifying new risks associated with the Life business’ g rowth agenda .


*Support the team in a nalysing risk s and assessing the resilience of the Group through stress and scenario testing require ments and reporting .


*Support the assessment process for determining the operational risk capital requirements including coordinating and taking part in workshops with subject matter experts from across the business.


*Support the team’s assessments against the ir key risks and controls including the assessment of any identified issues and notifiable events



Knowledge Requirements
Essential
*Life, Pensions and Investment products, markets and competitors

Desirable
*Financial services regulatory and legislative frameworks including Solvency II
*Components of a risk framework
*Understanding of M&G plc products, systems and distribution methods

Experience Required
Essential
*Minimum 2:1 in a relevant actuarial or financial/economic based degree and/or equivalent relevant work experience (minimum 1-2 years) in a Finance company

Desirable
*Working with stakeholders to consolidate information into succinct reports for management
*Identifying and assessing risk
*Conducting risk reporting processes
*Involvement in workshops (preparation and facilitation)
*Operating or reviewing process and outputs
*Supporting senior team members to deliver work
*Working towards a professional actuarial or risk based qualification


Skills
Essential
*Ability to work collaboratively across the immediate team and broader Risk and Compliance function
*Ability to take accountability and organise tasks, work independently and deliver outcomes to a high standard
*Desire to strive to learn and consistently improve and simplify processes
*Analytical, numerical and problem solving skills
*Ability to accurately summarise and communicate information orally and within written reports

Desirable
*Stakeholder management and relationship building across a wide range of stakeholders Good investigative skills and ability to constructively challen