Senior Investment Risk Manager

Job Description

At M&G our vision is: to become the best loved and most successful savings and investment business and were looking for people who are excited about joining us on our journey. Were digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers.To help us achieve our vision were looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple. We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality,disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectivelydeliver in your role. What you can expect from us:We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

• Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
• Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
• Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
• Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees: All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualifiedprofessionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support. The Role: The Investment Risk team, which is part of the 2nd Line Risk Function provides investment risk oversight across funds managed by M&Gs Treasury and Investment Office (T&IO). This role will be focused on the Multi-Asset and Fund-of-Funds range of funds of theT&IO. Broadly, the T&IO is responsible for the management of M&Gs With-Profits, Annuity and Unit-Linked funds, with more than £150bn of funds under management. The T&IO works closely with the various asset management businesses within M&G Plc, and other externalmanagers, to structure multi-asset portfolios aligned with the investment objectives of the relevant client group. Key Work Level Accountabilities: Manager/Expert:

• For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders
• For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
• Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk
• Manages conflicts that may impact delivery
• Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
• Identifies and anticipates need for changes to continuously improve quality and efficiency of output
• Manages resources and risks using expert judgment, know-how and experience

Key Responsibilities for this role:

• To perform independent 2nd line oversight of T&IO portfolios and provide reassurance to senior management that funds are being managed in line with their objectives. Lead on analysis and engagement on a number of Multi-Asset funds and mandates, with reviewsto include (but not limited to) market risk, stress testing, liquidity and performance as appropriate.
• To carry out appropriate 2nd line oversight and challenge over proposals being submitted to PACs Executive Investment Committee (EIC), the Unit-Linked Meeting (ULM) and T&IOs internal committees (e.g. Investment Boards, Assumptions Committee) by reviewingthe associated papers, as well as contributing to drafting of risk opinions and participating to the meetings as required. Additionally, to perform Risk reviews on other pertinent areas in line with PACs CIO Investment Decision Making Matrix.
• To perform 2nd line deep dive reviews on investment risk-related matters in line with M&Gs annual assurance plan.
• To provide investment risk input into wider business projects/deliverables (e.g. Mercury, ORSA) as needed.
• To take responsibility for providing investment risk MI to Committees and Boards as required, ensuring coordination with other areas of the Investment Risk team.
• To carry out insightful analysis and deep dives on specific T&IO portfolios for discussion with fund managers across a range of products and investment strategies and participate in risk oversight meetings as required.
• To develop relationships with relevant stakeholders - including but not limited to Investment Risk & Performance, T&IO (e.g. Long-Term Investment Strategy, Manager Oversight, Portfolio Management team) and external fund managers.
• To engage with distribution (Product and Sales) by undertaking ad hoc risk analysis such as pre-launch modelling on new fund proposals and interact with Sales/Client Portfolio Management where required.

Key Knowledge, Skills & Experience:

Significant experience in Investment Risk (across asset classes) or a closely related field is expected.

Strong experience in insurance asset management matters (either from a 1st line or a 2nd line perspective) is preferred.

Experience in mentoring others and working as a strong team player.

Strong experience of working with Fund managers and Senior Managers in a collaborative manner, alongside a proven ability to challenge and provide constructive feedback as appropriate.Personal attributes are expected to include strong communication andinterpersonal skills, attention to detail, an analytical mindset, ability to form very effect