Governance, Reporting and Risk Team Lead

Job Description

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clientsand identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision were looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliverresults and keep it simple. 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 Role: Governance, Reporting and Risk Team Lead (1st Line Risk Function) The First Line Risk Team in Wealth is a new function designed to support the Wealth business in identifying, mitigating and managing their risks across all parts of the business. The Lead will be responsible for managing governance forums, 1st Line MI/ reporting, and enabling operational and policy led risk and regulatory change projects. In addition, they will support the Head of the First Line Risk Function in the development of therisk management framework for 1st Line Risk and controls. The Lead will also act as the deputy for the Head of 1st Line of Risk, where required. Key Accountabilities:

• Managerial responsibility for the regular functioning of governance forums and ensuring all actions, decisions and risks and issues are documented, tracked and reported as needed.
• Act as deputy for the First Line of Risk (where required), taking ownership of responsibilities and managing engagement with other M&G functions
• Manage the design and delivery of all reporting requirements (regular and adhoc) to support 1st Line Risk teams in the management of all types of risk, and provide insights and analysis on KPIs/KRIs/SLAs as needed.
• Ensure key stakeholders are engaged and oversight and reporting arrangements are in place
• Support the 1st Line Risk to identify internal and external trends and present analysis/ recommendations on relevant controls to relevant governance forums.
• Manage reporting activities to ensure all data maintenance, reporting, tracking, escalations, and communication are executed as per the risk management framework
• Provide design and project delivery oversight across the portfolio of all regulatory change initiatives, working with multiple business areas including technology, 2nd line risk and Compliance and other parts of the M&G Business.
• Scope and agree the change management plan and budget, and be responsible for monitoring the spend across all portfolio initiatives and tracking outcomes.
• Manage and provide oversight of Operational Readiness responsibilities coordinate with 1st Line Risk impacted stakeholders to ensure seamless transition.
• Work with the Head of 1st Line Risk and other stakeholders to implement a Quality and Risk Management controls framework for Risk capabilities, including establishing regular risk assessment processes for identification and mitigation of top and emergingrisks.
• Develop and monitor the Wealth risk appetite statement and associated KRIs
• Provide oversight of business re-engineering process, and enhancements to policy and procedures that will provide greater efficiency or reduce the opportunity for error.
• Manage oversight of Training design, delivery and standard operating procedures

Key Knowledge and Experience:

• Financial services regulatory first line risk and compliance experience - strong understanding of different types of risk (to include strategic, operational, prudential and conduct), control frameworks, ability to help build risk management frameworks andrisk appetite frameworks, training, and risks and issues management.
• Experienced in the management of a portfolio of projects in Financial Services, with a proven track record of programme/project delivery
• Experienced in leading teams, building a positive culture and managing/prioritising their activities to support business outcomes
• Significant experience in writing sufficient Board level papers and presentations
• Excellent stakeholder communication, comfortable interfacing with stakeholders across multiple senior leadership teams within the bank
• Experienced in establishing and managing a governance structure
• Experience in management of portfolio of projects
• Ability to articulate and communicate how the change will impact in-scope business areas and associated business processes and people
• The role requires excellent communication skills, both written and verbal, with the ability to communicate key insights and recommendations to senior leadership
• Experienced in managing and minimising the impact of operational change

Work Level: Manager Expert Recruiter Name: Phoebe Ewers Closing Date: 3rd April 2024 We have a diverse workforce and an inclusive culture at M&G plc, 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 or disability 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.