At a Glance
- Tasks: Lead climate risk management and integrate it into investment processes.
- Company: Join M&G plc, a leader in savings and investments with a rich heritage.
- Benefits: Enjoy 38 days annual leave, competitive pension, and flexible working options.
- Other info: Inclusive culture with diverse workforce and excellent career growth opportunities.
- Why this job: Make a real impact on climate risk strategies and contribute to sustainability.
- Qualifications: Expertise in climate risk management and strong communication skills required.
The predicted salary is between 60000 - 75000 € 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. 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 ESG Manager - Climate Risk is primarily responsible for ensuring the Life Investment Office (LIO) develops effective climate risk identification and management approaches and integrates these into LIO's investment processes, including those relating to climate scenario analysis, risk assessment frameworks, and appropriate risk management actions. The role is responsible for delivering management information and, where necessary, external reporting, and undertaking relevant governance within LIO and Prudential Assurance Company, as required. The role will also support wider climate-related activities and priorities of the ESG & Regulatory team, such as those relating to PAC's climate targets and the M&G Climate Transition Plan, as well as ESG-related oversight of internal and external fund managers.
Key Responsibilities:- Ensure that LIO's responsibilities in meeting expectations on climate risk management as set out by the Prudential Regulation Authority (PRA) in Supervisory Statement 5/25 are well defined and understood.
- Within the ESG&R team, lead on the implementation of climate risk identification, management, monitoring and reporting within LIO's processes, including those that relate to LIO's climate scenario analysis, issuer-level risk assessment, credit rating providers, key risk indicators and risk concentrations, and manager selection and oversight.
- Identify and undertake opportunities to enhance LIO's climate scenario analysis such as through improved scrutiny of climate scenario model components, data coverage and quality, documentation of modelling approaches and limitations, and integrating more complex modelling techniques, such as incorporating second-order climate impacts.
- Refine risk assessment methodologies, approaches and data inputs to improve decision-usefulness of climate risk-related MI.
- Collaborate with stakeholders across LIO, Prudential Assurance Company, M&G Investments, and M&G Plc to advance approaches to climate risk identification and management and support a coherent approach across the Group.
- Act as a focal point for the LIO on climate risk, including for other areas of the Life business, M&G Plc, and externally, such as with clients, industry bodies and regulators, as required.
- Support the ESG&R team to advance climate transition planning and implementation towards the delivery of PAC's climate targets.
- Conduct day-to-day climate-related ESG management required by the team, such as inputting into manager selection and oversight processes, internal MI production, and external reporting.
- Subject matter expertise relating to climate risk management frameworks and processes, climate strategy, and/or climate scenario analysis.
- An in-depth understanding of regulatory requirements of life insurers in relation to climate risk management and disclosures, including those set by the PRA and IFRS.
- Understanding of publicly available climate scenarios such as those produced by the NGFS, and/or models offered by private vendors, including long-term and short-term scenarios across both transition and physical risk.
- Ability to assess model components, identify limitations of modelling approaches and techniques, and address solutions to addressing key challenges relating to model uncertainty and data gaps/quality.
- Ability to translate technical knowledge into actions, processes and/or frameworks for integration into investment policies and processes.
- An understanding of asset classes and their roles in multi-asset and annuity portfolios.
- Experience working with data and information across asset classes, limitations, and how to address data quality and coverage issues.
- Awareness of, and experience of working with, a variety of stakeholders on climate/ESG issues (e.g. academics or research providers, industry associations, regulators, consultants, etc.).
- Comfort in working with and presenting to stakeholders across different functions and knowledge bases.
- Good written and verbal communication skills.
- Ability to prioritise and deliver work in a flexible manner.
- Ability to build good relationships internally and externally.
- Ability to work within a team environment.
- Good planning and organisational skills.
- Effective problem-solving skills.
- IMC, CFA or ESG qualification desirable.
Location: London
Work Level: Manager / Expert
Recruiter: Amy Curtis
Closing Date: 19th May 2026
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:
- A valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions.
- Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services.
- 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.
- 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. 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
ESG Manager - M&G plc. in London employer: M&G plc
M&G plc is an exceptional employer that prioritises employee wellbeing and professional growth, offering a generous benefits package including an 18% pension scheme, 38 days of annual leave, and comprehensive family support policies. Located in London, the company fosters an inclusive work culture that values diversity and provides flexible working arrangements, ensuring that all employees can thrive both personally and professionally while contributing to meaningful climate risk management initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land ESG Manager - M&G plc. 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 M&G and their approach to climate risk management. Show them you’re not just another candidate; you’re genuinely interested in their mission and how you can contribute.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the ESG Manager role. Highlight your experience with climate risk frameworks and your ability to collaborate with various stakeholders.
✨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 serious about joining the M&G team.
We think you need these skills to ace ESG Manager - M&G plc. in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the ESG Manager role. Highlight your experience with climate risk management and how it aligns with M&G's values. We want to see how you can contribute to our mission!
Showcase Your Expertise:Don’t hold back on sharing your knowledge about climate risk frameworks and regulatory requirements. We’re looking for someone who can hit the ground running, so let us know what you bring to the table!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language to explain your skills and experiences. We appreciate a well-structured application that’s easy to read!
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at M&G plc
✨Know Your Climate Risk Inside Out
Make sure you brush up on climate risk management frameworks and processes. Understand the regulatory requirements set by the PRA and IFRS, as well as the publicly available climate scenarios. This knowledge will help you demonstrate your expertise and show that you're ready to tackle the challenges of the role.
✨Showcase Your Stakeholder Skills
Prepare examples of how you've collaborated with various stakeholders in the past. Whether it's academics, regulators, or industry bodies, being able to communicate effectively across different functions is key. Think about specific instances where you successfully built relationships and advanced climate-related initiatives.
✨Be Ready to Discuss Data Quality
Since the role involves working with data across asset classes, be prepared to discuss how you've addressed data quality and coverage issues in previous roles. Highlight any experience you have with assessing model components and identifying limitations, as this will show your analytical skills and problem-solving abilities.
✨Demonstrate Your Communication Skills
Good written and verbal communication skills are essential for this position. Practice articulating complex ideas clearly and concisely. You might even want to prepare a short presentation on a relevant topic to showcase your ability to convey information effectively during the interview.
