At a Glance
- Tasks: Validate key financial models and ensure compliance with regulatory standards.
- Company: M&G, a leading international savings and investments business with over 170 years of experience.
- Benefits: Flexible working arrangements, inclusive culture, and opportunities for professional growth.
- Other info: Join a diverse team committed to creating exceptional workplaces.
- Why this job: Make a real impact in financial services while working with cutting-edge modelling techniques.
- Qualifications: Experience in model validation and strong analytical skills required.
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
AMS is a global workforce solutions partner committed to creating inclusive, dynamic, and future-ready workplaces. We help organisations adapt, grow, and thrive in an ever-evolving world by building, shaping, and optimising diverse talent strategies.
We partner with M&G to support their contingent recruitment processes. Acting as an extension of their recruitment teams, we connect them with skilled interim and temporary professionals, fostering workplaces where everyone can contribute and succeed.
On behalf of M&G, AMS are looking for a Senior Model Validation Manager for an initial 6 month contract based in London/Edinburgh/Remote.
We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
Purpose of the role:
The Senior Model Validation Manager is responsible for independently validating key models across M&G and ensuring compliance with Solvency UK and other regulatory requirements. The role supports effective model risk management through oversight, challenge, stakeholder engagement, and presenting validation outcomes and recommendations to senior committees.
What you'll do:
- Conduct independent validation of capital, pricing, and valuation models to assess their accuracy, reliability, and compliance with regulatory and governance requirements.
- Summarise validation findings, present key outcomes to senior stakeholders and committees, and agree remediation actions with model owners where required.
- Work collaboratively with colleagues and key stakeholders to build out coverage of our model development risks and support any developments to the risk framework.
- To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G plc's operational risk.
- To support the reporting of the quarterly model change log to the PRA and results of the Solvency UK Compliance exercise to senior committees and Boards.
The skills you'll need:
- Strong experience in actuarial/statistical modelling, model validation, model risk management, and governance frameworks.
- Strong 2nd line independent model validation experience (essential)
- Proven ability to provide independent challenge and oversight of technical models, methodologies, and development risks.
- Good understanding of risk frameworks, regulatory requirements, and compliance environments within Financial Services.
- Strong analytical, investigative, and organisational skills, with the ability to identify issues and connect risks across the business.
- Experience working with stakeholders, influencing outcomes, and building effective relationships across teams.
- Proficient in Python, Power BI, or R, with the ability to quickly understand and explain complex technical concepts.
- Professional qualification such as a Qualified Actuary or CFA preferred, along with project management and communication skills
Next steps
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, disability or long term condition, 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.
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Senior Model Validation Manager in London employer: M&G CWS
At M, we pride ourselves on fostering a vibrant work culture that champions inclusivity and innovation, making it an ideal environment for Financial Crime Compliance Monitoring & Testing Consultants. Our commitment to employee growth is reflected in our tailored development programmes and the opportunity to work alongside industry leaders in a dynamic global setting. Join us in a location that not only supports your career aspirations but also values your contributions to creating safer financial landscapes.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Model Validation Manager in London
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We think you need these skills to ace Senior Model Validation Manager in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
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Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at M&G CWS. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give M&G CWS confidence in your short-term commitment to the role.
How to prepare for a job interview at M&G CWS
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with M&G CWS.
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✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
