At a Glance
- Tasks: Manage prudential regulatory requirements and collaborate with finance teams on capital and liquidity calculations.
- Company: Join a leading global investment management firm focused on innovation and client success.
- Benefits: Enjoy competitive pay, flexible working, and generous leave for community volunteering.
- Other info: Be part of a diverse team that values inclusion and offers excellent career growth opportunities.
- Why this job: Make a real impact in finance while developing your skills in a supportive environment.
- Qualifications: Degree in a numerate subject; experience with ICARA or ICAAP is essential.
The predicted salary is between 60000 - 80000 £ per year.
Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $227.6 billion and operate across multiple offices globally.
The role plays a significant part in managing Man Group’s prudential regulatory requirements, supporting the Head of Financial and Regulatory Reporting. This involves the production, review and challenge of capital and liquidity calculations, and the preparation of regulatory submissions and supporting documentation. This is a highly collaborative role engaging subject matter expertise from the Finance, Financial Risk and Non-Financial Risk functions and the investment management and supporting business units.
The role forms part of the Financial and Regulatory Reporting Team, which has six members. The wider team is responsible for all aspects of the internal and external financial reporting for the consolidated group, which is listed on the London Stock Exchange, and also all aspects of our compliance with our prudential regulatory reporting obligations in all jurisdictions.
Your responsibilities:
- Support the preparation of the capital and liquidity models (e.g. operational, investment book, credit risk, downside scenarios and wind down), liaising with the subject matter experts to prepare the inputs and be able to explain and challenge the outputs, and reviewing the output.
- Take an active role in managing the calculations, including collating inputs and reviewing outputs, and preparing the documentation associated with the Internal Capital Adequacy and Risk Assessment (or ICARA, for the FCA) and Internal Capital Adequacy Assessment Process (or ICAAP, for the CBI).
- Maintain the wind down plans as part of the ICARA process, coordinating with the business to identify and document relevant changes to the business, and reflecting in the models as required.
- Ensure ICARA and ICAAP documents and processes incorporate new regulatory requirements and expectations and industry/peer best practices.
- Act as secretary to the ICAAP/ICARA Steering Committee.
- Prepare monthly prudential calculations, forecasts and regulatory returns for the regulated UK/EEA sub-group.
- Assess impacts of changes in regulation and the impact of changes in entity activities on prudential requirements, updating internal documentation as required.
- Liaise with other teams within Finance on an ongoing basis to ensure support and delivery of information to and from them in a timely, accurate and efficient manner.
- Other tasks to support the wider finance team as required, from time to time.
Your skills / qualifications:
- Degree educated in a numerate subject.
- Prudential regulation: ICARA or ICAAP experience essential.
- Knowledge of the FCA MIFIDPRU rules, or similar, would be highly advantageous.
- IT skills: Computer literate with strong excel skills and the ability to learn new systems.
- Business understanding: An understanding of alternative fund strategies and asset management based on some business experience in this sector would be an advantage.
- Core competencies: Collaboration, communication, organisation, and presentation skills together with the ability to confidently deal with multiple stakeholders.
- Written skills: Ability to write and communicate in a clear, concise and ‘audience-appropriate’ manner for technical and non-technical topics.
Inclusion, Work-Life Balance and Benefits at Man Group:
You’ll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you’ll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry.
You’ll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you’ll receive two annual ‘Mankind’ days of paid leave for community volunteering. Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance.
Equal Employment Opportunity Policy:
Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws. Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact TalentAcquisition@man.com.
Prudential Reporting Manager employer: Man Group
Man Group is an exceptional employer that fosters a collaborative and inclusive work culture, where your unique perspective is valued and contributes to our collective success. With a strong focus on employee growth, we offer professional development opportunities, flexible working arrangements, and a comprehensive benefits package that includes competitive holiday entitlements and community volunteering days. Located in London, you will be part of a dynamic team at a leading global investment management firm, dedicated to making a meaningful impact in the financial industry.
StudySmarter Expert Advice🤫
We think this is how you could land Prudential Reporting Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and regulatory reporting space. Attend industry events or webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of prudential regulations like ICARA and ICAAP. Be ready to discuss how your skills align with the role at Man Group. Show them you’re not just a fit on paper but also in practice!
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex financial concepts clearly. Try doing mock interviews with friends or using online platforms to get comfortable articulating your thoughts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the Man Group team. Let’s get you that Prudential Reporting Manager role!
We think you need these skills to ace Prudential Reporting Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Prudential Reporting Manager role. Highlight your experience with ICARA and ICAAP, and don’t forget to showcase your strong Excel skills. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about prudential regulation and how your skills can contribute to our team. Keep it concise and engaging – we love a good story!
Showcase Your Collaboration Skills:Since this role involves working closely with various teams, make sure to highlight your collaboration and communication skills in your application. Share examples of how you've successfully worked with others to achieve common goals.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our company there!
How to prepare for a job interview at Man Group
✨Know Your Prudential Regulations
Make sure you brush up on your knowledge of ICARA and ICAAP processes, as well as FCA MIFIDPRU rules. Being able to discuss these topics confidently will show that you're not just familiar with the regulations but also understand their implications for the role.
✨Showcase Your Collaboration Skills
This role involves working closely with various teams, so be prepared to share examples of how you've successfully collaborated in the past. Highlighting your ability to communicate effectively with different stakeholders will demonstrate that you can thrive in a team-oriented environment.
✨Prepare for Technical Questions
Expect some technical questions related to capital and liquidity calculations. Brush up on your Excel skills and be ready to explain how you would approach preparing regulatory submissions. Practising these scenarios can help you feel more confident during the interview.
✨Understand the Business Context
Having a grasp of alternative fund strategies and asset management will give you an edge. Research Man Group's investment strategies and be ready to discuss how your background aligns with their business model. This shows that you're not only interested in the role but also in the company itself.