Head Of Private Markets - Credit Risk

M&G plc.
London, United Kingdom
05 Aug 2022
04 Sep 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.

The M&G Investment & Credit Risk For Private Markets Team (the "Team") sits within the business second line risk function alongside the fixed income, equity and multi-asset investment risk teams, reporting directly into the M&G CRO. It has responsibility for independent, comprehensive, consistent and efficient investment and credit risk oversight for the M&G's Private Assets & Alternatives business. In addition, the Team also provides second line risk coverage across counterpart risk, other risk solutions and liquidity risk management for both liquid and private markets.

The Role
This appointment will be for the Head of Credit Risk For Private Markets . It holds responsibility for independent, comprehensive, consistent and efficient investment and credit risk oversight for the M&G's Private Assets & Alternatives business. We are looking for an e xperienced credit risk analyst to organise, streamline and execute the M&G second line investment risk oversight strategy. We require someone who will have extensive knowledge of Infrastructure Debt and Real Estate Finance.

  • Organises and streamlines the credit risk oversight process for Private Assets & Alternatives from a second line risk perspective.
  • Builds and maintains relationships with major stakeholders within the M&G credit risk process for Private Assets.
  • Participates in the review and approval process for internal rating methodologies.
  • Reviews investment/credit papers for new transactions, including credit rating proposals, and attends investment/credit committees to provide risk challenge at process and individual transaction levels.
  • Scrutinises investment/credit papers for periodic asset reviews, including credit ratings, and attends review meetings to provide risk challenge at process and individual transaction levels.
  • Prepares credit risk summaries for M&G governance committees.
  • Participates in valuation model validation activities, especially in terms of verifying assumptions embedded into vc.caluation models.
  • Supports other workstreams within the Team such as counterparty risk, et
  • Engages in projects across the wider investment risk team.
  • Embraces ESG implementation from a second line risk perspective, with the potential to lead the project for the Team.

Skills, Knowledge & Experience:
  • Skills and experience
  • Extensive track record of experience in debt origination, credit and/or credit risk role from either a reputable bank or an asset management house with sizeable private assets operations.
  • Thorough understanding of Credit Ratings, Methodological and Models.
  • An in-depth understanding of infrastructure debt and real estate finance.
  • Ability to work to tight deadlines. Attention to detail. Ability to set own priorities and deadlines and respond to requests from other business areas in a timely and professional manner.

  • Preferable Experience
  • Prior exposure to ESG would also be desirable.
  • Additional knowledge of structured finance, infrastructure equity, real estate equity, more general private equity investments as well as internal valuation models would be a plus.

Recruiter: Mark King
Work Level: Manager/Expert

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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