At a Glance
- Tasks: Support oversight of pensions operations and ensure compliance with regulatory standards.
- Company: Join a leading savings and investments firm with over 175 years of innovation.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and health cover.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Make a real impact in financial services while developing your career.
- Qualifications: Understanding of UK pensions products and regulatory reporting is essential.
The predicted salary is between 40000 - 50000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
To support the oversight of outsourced (BPO) activities relating to pensions operations, HMRC reporting, and associated regulatory and control frameworks. The role ensures that third-party services are delivered in line with FCA requirements, HMRC obligations, and internal governance standards. The role operates within the retained organisation and provides independent oversight, challenge, and assurance over third-party delivery, with a particular focus on pensions and tax reporting.
Key Work Level Accountabilities:- Support oversight of pensions, HMRC reporting, and regulatory activities delivered by the BPO provider
- Ensure outputs are accurate, complete, and compliant with FCA, HMRC, and internal requirements
- Maintain robust evidence of oversight and validation for audit and regulatory purposes
- Support delivery of regulatory submissions and Board-level reporting
- Contribute to the effectiveness of the control and governance framework
- Support SMF16/24 accountabilities by providing evidence of effective oversight, risk management, and control assurance
- Identify, escalate, and support resolution of risks, issues, and control weaknesses
- Oversight of BPO Operational Activities
- Review and challenge BPO outputs relating to HMRC reporting and submissions
- Oversee dealing performance MI, including transaction cost analysis and best execution outputs
- Review defect management and testing processes
- Validate completeness and accuracy of outputs prior to submission or onward use
- Ensure escalation and resolution of issues
- Regulatory Reporting & Submissions
- Support oversight, validation, and submission of HMRC returns and tax reporting
- Support FCA regulatory reporting (e.g. PSD, REP returns)
- Ensure BPO-provided data is validated and delivered in line with regulatory deadlines
- Governance & MI
- Prepare committee packs and governance materials
- Support minute taking and action tracking
- Produce and analyse MI relating to operational performance, regulatory reporting, and third-party delivery
- Support Board and senior governance reporting
- Risk, Escalations & Financial Crime Oversight
- Support oversight of financial crime escalations and high-risk cases
- Support management of technical escalations, including complex pensions and death cases
- Ensure appropriate escalation to specialist teams and tracking of resolution
- Support oversight-based financial crime monitoring via MI and reporting
- Policy, Data & Control Framework
- Support governance of data quality and stewardship
- Maintain policies and procedures relating to pensions and tax reporting
- Ensure controls align to regulatory expectations and outsourced operating model
- Assurance, Testing & Operational Resilience
- Support defect oversight and testing, including change impacts
- Support operational resilience activities such as IBS testing, self-assessments and BCP
- Maintain oversight evidence and support audit requirements
- Third-Party & IT Oversight
- Support oversight of BPO delivery performance
- Coordinate with IT and suppliers on infrastructure governance and system oversight
- Customer & Conduct Expectations
- Ensure all activities support delivery of good customer outcomes in line with Consumer Duty requirements
- Consider customer impact when reviewing HMRC reporting, pensions operations and third-party outputs
- Escalate any risks to customer outcomes or regulatory compliance
- Knowledge: Understanding of UK pensions products (including SIPP/ISA frameworks), HMRC reporting requirements, FCA regulatory reporting, and risk and control frameworks. Awareness of outsourcing and third-party oversight models.
At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services.
- Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
- Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options.
We have a diverse workforce and an inclusive culture at M&G, 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, disability or long term condition, we are looking to attract, promote and retain exceptional people.
M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com
Pensions / HMRC Oversight Analyst employer: IFDL
At M&G, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and growth. With flexible working arrangements, generous benefits including an 18% pension scheme, and a commitment to diversity, we empower our team members to thrive both professionally and personally in our vibrant London office. Join us to be part of a legacy of innovation in savings and investments, where your contributions truly matter.
StudySmarter Expert Advice🤫
We think this is how you could land Pensions / HMRC Oversight Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like IFDL. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Pensions / HMRC Oversight Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to IFDL.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on IFDL's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at IFDL
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with IFDL.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at IFDL will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former IFDL employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
