Investment Risk Manager (Equities)

M&G plc.
London, United Kingdom
17 Jun 2022
01 Jul 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're 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 we're 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 effectively deliver 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 qualified professionals 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.

Role Context:

The Equity Risk Team, part of the broader Investment Risk team, sits within the business' second line risk function, reporting independently to the CRO. It is responsible for the oversight of equity funds and mandates across a wide range of geographies and strategies. It's key responsibilities include ensuring that risk taking is consistent with the funds' stated objectives and strategy and that the funds maintain appropriate levels of liquidity and diversification. In addition to this, the team work closely with fund managers, providing risk and performance-based insight and analytics to support effective portfolio construction, with the Product and Investment Solutions teams to support the development of new funds and portfolios, and with Sales and Distribution teams to aid with client queries.

Work Level Accountabilities:

Manager or 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:
  • Producing insightful analysis on specific equity portfolios for discussion with fund managers across a range of products and investment strategies.
  • Running risk meetings with fund managers, and engaging with the front office during and outside the formal oversight process.
  • Presenting at internal committees (Performance and Risk, and the Liquidity Sub-Committee) to flag issues for noting or of concern.
  • Gain a deep understanding of the specific fund manager and process risks impacting performance and outcomes of each fund/manager/team and why these are important in the context of relevant fund objectives or mandates.
  • Responsible for communicating details of risk modelling methodology, understanding possible flaws in risk models, and pro-actively suggesting remediation's to such flaws.
  • Work with the performance teams to link risk analysis with fund performance.
  • Participation in cross-departmental initiatives in order to foster greater collaboration with the wider investment risk team.
  • Undertaking of independent research aimed at uncovering portfolio/market risk insights which can aid fund managers in improving the investment management process"
  • Undertake ad hoc project analysis as necessary to support new product initiatives.
  • Undertake ad hoc risk analysis as part of the fund management team dialogue and from Sales/Client interaction.
  • Carry out pre-trade analytics on prospective investment strategies and pre-launch modelling on new fund proposals.

Skills, Experience & Knowledge:
  • Experience working in an investment facing equity market risk role, other quantitative finance role or in a position through which the candidate has been able to gain a significant understanding of equity portfolio management and equity risk models.
  • Excellent communication skills. Comfortable in communicating ideas and analysis at different levels. Ability to relate quantitative output of risk models to fund managers and senior management in a manner that they can understand.
  • Ability to work autonomously within a team, to set own priorities and deadlines and respond to requests from other business areas in a timely and professional manner.
  • Mentor/develop other team members. Strong team attitude.

  • 5+ years of experience in an investment risk role at an asset management house or other financial services organisation.
  • Knowledge of modern portfolio theory and previous experience with using Equity fundamental and statistical risk models (such as, BlackRock Aladdin risk models, Barra etc).
  • A good degree in a finance related or quantitative subject. Master's level qualification would be a plus and possession of professional qualifications (CFA, FRM, PRM etc.) would be looked upon favourably.
  • Experience coding in R, Python, SQL and/or PowerBI would be preferred.

Recruiter: Tom Hunt
Work Level: Manager/Expert
Closing Date: 30/06/22

We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

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