Business Risk Partner - Private Markets, Structured Finance and Private Credit in London

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.

Through 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. 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.

The Role: First Line Risk teams at M&G support the First Line Business Areas with non-financial risk management and risk reporting in line with the relevant M&G Policies, Frameworks and Standards. They act as first point of contact for the Business, Operational Risk, Compliance and Audit in relation to risk and control matters for their respective Business Area or the Business Unit, in order to represent the different areas/businesses within private markets, including their acquired companies.

The role is for a Private Markets Business Risk Partner to support the Structured Finance and Private Credit businesses primarily but also being able to contribute to risk and controls activities across the wider Private Markets business working closely with the Head of Risk, Private Markets and the senior leadership team in risk and Private Markets. The role supports senior leaders through delivering 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.

Key Activities / Responsibilities Include:

• Represent First line risk as appropriate at relevant governance forums and with the relevant stakeholders also supporting the execution of strategic projects and initiatives from a Risk perspective.
• Act as a liaison, coordination point between the Structured Finance and Private Credit business units within Private Markets, including the acquired companies as appropriate.
• Support the management of Risk Events arising in the Structured Finance and Private Credit businesses in line with Operational Risk requirements.
• Support the management of Structured Finance and Private Credit related Issues and Actions to ensure alignment with the Operational Risk requirements and timely closure of issues and actions.
• Risk & Control Self-Assessment (“RCSA”) - Identify and manage top risks and mitigating actions/controls with the RCSA Owners in Structured Finance and Private Credit.
• Conflicts of Interest management - Identify and manage conflicts of interest, maintain conflicts register and mitigating actions/controls for the Structured Finance and Private Credit businesses.
• Lead the identification, reporting and maintenance of the relevant Conflicts of Interest Register entries in MetricStream for the Structured Finance and Private Credit businesses, including monitoring mitigating actions/controls.
• Oversee Key Control Assessments (“KCAs”) and other control testing (e.g. led by Audit), being the key point of contact around risk and controls discussions and issues for the Structured Finance and Private Credit businesses.
• 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 risk process maps, control libraries and underlying documentation to reflect the true operating environment.
• Monitor risk and control environment, e.g. MI across conduct risk, reputational risk, financial crime, third-party suppliers, business risks, valuations, resiliency for Structured Finance and Private Credit.
• Identify and manage emerging risks proactively for Structured Finance and Private Credit, e.g. via trend analysis, dialogue with the businesses on industry and geo-political developments etc.
• Perform or support with thematic reviews/deep dives as with focus on key emerging risks – delivering key risk insights for management.
• Support with the risk management of Model and User-developed Application (“MUDA”) risks across Structured Finance and Private Credit.
• Support with the identification and reporting of risk appetite working closely with senior SMEs to understand risk metrics and linkage to appetite.
• Review / enhance / prepare risk and control-related papers for governance forums.
• Support the First Line across Structured Finance and Private Credit with risk related queries and questions as well as supporting the maintenance and roll out of the risk and control framework.

Knowledge, Skills & Experience

• Experience working in a first/second-line risk, control or governance role within a regulated financial services environment. (Desirable)
• Knowledge of asset management investment products, specifically private market asset classes and operational environments would be beneficial.
• 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.

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, organizational and problem-solving skills, with attention to detail and accuracy.
• Demonstrates integrity, resilience and a positive, ‘can-do’ mindset, leading by example.

What we offer:

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 - to help give you real confidence to put your money to work.
• 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 – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G. 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. We also welcome those who take part in military service and those returning from career breaks.

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