At a Glance
- Tasks: Manage risk and control processes, ensuring effective governance and oversight.
- Company: Join a leading financial services firm focused on risk management.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth in a supportive and collaborative team.
- Why this job: Be a key player in shaping risk strategies and making impactful decisions.
- Qualifications: Experience in risk management and strong analytical skills required.
The predicted salary is between 55000 - 65000 € per year.
Requirements
- Experience working in a first‑line risk, control or governance role within a regulated financial services environment.
- Strong understanding of risk management frameworks, tools and methodologies, including RCSAs, control design, testing and assurance.
- Experience preparing and presenting risk and control materials for senior management and governance forums.
- Proven ability to produce clear, structured and high‑quality management information and analysis.
- Knowledge of asset management products, distribution models and operational or functional environments would be beneficial.
What the job involves
The 1st Line Risk and Control Manager – Client Group and Product sits within the 1st Line of Defence and plays a key role in strengthening governance, risk oversight and control effectiveness across Client Group and Product. Reporting within the 1st Line Risk & Controls function, the role supports senior leaders through high‑quality governance, clear insight and proportionate challenge. It helps enable leaders to demonstrate that risks are owned, understood, controlled and managed within M&G’s risk appetite. The role operates with significant visibility, acting as a trusted first‑line risk and control partner to management and governance forums. The role aligns closely to M&G’s Risk Governance Framework and Operational Risk Standard, with a strong focus on RCSAs, control design, testing and improvement, committee engagement and reporting, and effective interaction with Second‑ and Third‑Line assurance teams.
Governance, Reporting & Committee Engagement:
- Support the effective implementation and operation of M&G’s Risk Governance Framework across Client Group and Product.
- Act as the primary day‑to‑day first‑line contact for key Client Group and Product governance and oversight forums, including relevant legal entity Management Committees and Boards.
- Prepare, review and quality‑assure first‑line risk reports, governance submissions and reporting packs, ensuring accuracy, clarity and proportionate challenge.
- Coordinate, track and progress governance actions, ensuring timely follow‑up, appropriate escalation and closure in line with committee expectations.
- Support the forward planning of governance and reporting agendas to ensure timely coverage of material risk and control topics.
- Produce clear, concise and decision‑focused risk and control MI for senior management and governance forums.
- Analyse themes, trends and emerging risks, translating information into meaningful insight and clear recommendations.
- Support governance forums with high‑quality analysis, insight and narrative, rather than purely descriptive reporting.
Risk Management & Controls:
- Support the production, refresh and ongoing maintenance of key functional and legal entity RCSAs, ensuring consistency, quality and alignment with the Operational Risk Standard and Group expectations.
- Support risk owners in articulating material risks, key controls, risk ratings and justifications in a clear, balanced and well‑evidenced manner.
- Support risk events, conflicts of interests and issue management activity where required, including tracking and remediation support.
- Lead or support risk and control deep dives across products, processes and change initiatives, identifying control weaknesses, design gaps and opportunities for enhancement.
- Support the design, documentation, assessment and ongoing maintenance of key controls within relevant risk and control systems.
- Help drive delivery of Risk and Control Improvement Plans (RCIPs), ensuring actions are practical, proportionate and embedded into business‑as‑usual.
- Support remediation of control deficiencies, audit findings, regulatory issues and self‑identified issues, working closely with business owners to achieve timely and sustainable outcomes.
- Contribute to the maintenance and enhancement of supporting artefacts such as process maps, control libraries and underlying documentation to reflect the true operating environment.
- Coordinate and support effective Client Group and Product engagement with Second‑and Third‑Line reviews, including Risk, Compliance and Internal Audit.
- Act as a key first‑line contact during reviews and audits, supporting evidence provision, issue tracking and timely action closure.
Capabilities & Behaviours:
- Applies sound judgement to deliver proportionate, outcome‑focused risk and control solutions.
- Operates as a trusted advisor, providing constructive, confident and well‑reasoned challenge while maintaining strong stakeholder relationships.
- Takes accountability and ownership for delivering high‑quality outputs and driving actions through to completion.
- Comfortable working across multiple business areas, balancing competing priorities and deadlines.
- Able to manage challenge and conflict in a professional, calm and supportive manner.
- Strong analytical, organisational and problem‑solving skills, with attention to detail and accuracy.
- Demonstrates integrity, resilience and a positive, ‘can‑do’ mindset, leading by example.
1st Line Risk and Control Manager (Client Group and Product) in London employer: Deepstreamtech
M&G is an exceptional employer, offering a dynamic work environment that prioritises governance and risk management within the financial services sector. Employees benefit from a culture of collaboration and continuous improvement, with ample opportunities for professional growth and development. Located in a vibrant area, M&G fosters a supportive atmosphere where innovative ideas are encouraged, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land 1st Line Risk and Control Manager (Client Group and Product) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its risk management practices. Be ready to discuss how your experience aligns with their needs, especially around governance and control effectiveness.
✨Tip Number 3
Practice your presentation skills! Since you'll be preparing materials for senior management, being able to communicate clearly and confidently is key. Consider mock interviews or presentations to polish your delivery.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace 1st Line Risk and Control Manager (Client Group and Product) in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in first-line risk and control roles. We want to see how your skills align with the job description, so don’t hold back on showcasing your relevant achievements!
Showcase Your Analytical Skills:Since this role involves producing high-quality management information, be sure to include examples of your analytical prowess. We love seeing clear, structured insights that demonstrate your ability to translate complex data into actionable recommendations.
Highlight Governance Experience:If you've prepared materials for senior management or governance forums, make it known! We’re looking for someone who can effectively engage with leadership, so share any relevant experiences that showcase your ability to communicate risk and control topics clearly.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at Deepstreamtech
✨Know Your Risk Management Frameworks
Make sure you brush up on your understanding of risk management frameworks, tools, and methodologies. Be ready to discuss RCSAs, control design, and assurance processes in detail. This will show that you’re not just familiar with the concepts but can also apply them effectively.
✨Prepare High-Quality Management Information
Since the role involves preparing and presenting risk and control materials for senior management, practice creating clear and structured reports. Use examples from your past experience to demonstrate how you've produced high-quality management information and analysis.
✨Engage with Governance Forums
Familiarise yourself with the governance structures relevant to the role. Think about how you would support governance forums and what insights you could provide. Being able to articulate your approach to engaging with committees will set you apart.
✨Showcase Your Analytical Skills
Be prepared to discuss how you analyse themes, trends, and emerging risks. Bring examples of how you've translated complex information into meaningful insights and recommendations. This will highlight your analytical prowess and ability to drive decision-making.
