Senior Investment Risk Manager

M&G plc.
London, United Kingdom
15 Nov 2022
15 Dec 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
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 clients and identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision we're looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results 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:

The Investment Risk team, which is part of the 2nd Line Risk Function provides investment risk oversight across funds managed by M&G's Treasury and Investment Office (T&IO). This role will be focused on the Multi-Asset and Fund-of-Funds range of funds of the T&IO. Broadly, the T&IO is responsible for the management of M&G's 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 external managers, to structure multi-asset portfolios aligned with the investment objectives of the relevant client group.

Key Work Level Accountabilities:

  • 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 reviews to 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 PAC's Executive Investment Committee (EIC), the Unit-Linked Meeting (ULM) and T&IO's internal committees (e.g. Investment Boards, Assumptions Committee) by reviewing the 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 PAC's CIO Investment Decision Making Matrix.
  • To perform 2nd line deep dive reviews on investment risk-related matters in line with M&G's 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 and interpersonal skills, attention to detail, an analytical mindset, ability to form very effective relationships with a range of stakeholders, as well as strong organisational skills and the ability to prioritise effectively.

  • Relevant degree and / or MSc in numerical or economics related degree such as Economics, Quantitative Investment Risk Management, Actuarial Science, Statistics, Physics
  • CFA or working towards equivalent qualifications desirable

Work Level: Manager/Expert
Recruiter Name: Helen Simons

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.