Proposition Technical Manager - Bonds & Trusts in London

At M&G, 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 offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Proposition Technical Manager role within the Proposition Team forms part of a newly established internal facing technical team. The role is for a bond and trust specialist supporting technical integrity across IL&P (Individual Life & Pensions) propositions, providing oversight and input into product development, regulatory implementation, and operational change. It works closely with proposition, risk, compliance, and operations teams to ensure that customer outcomes and technical robustness are maintained. This role forms part of a broader operating model change to strengthen internal technical capability and governance.

Key responsibilities

• Provide expert direction, insight and guidance to internal stakeholders to ensure relevant stakeholders' business integrity and compliance with legislation, regulation and industry best practice within the specialist area of life company investment bonds (onshore and offshore), the types of trusts used in conjunction with bonds, and the treatment of the bonds and trusts.
• Monitor the legislative/regulatory landscape, HMRC and industry practice to identify potential areas of risk, opportunity or change impacting M&G and ensuring relevant stakeholders are informed of same, as required.
• Analysis and impact assessment of relevant legislative change from consultation through to final regulations and subsequent change.
• Assisting in formulation of a common M&G view of legislative positions and best practice.
• Provide technical input to M&G consultation responses, whether directly or through relevant industry bodies with a focus on proposition integrity and operational impacts of change.
• Engage with industry bodies (e.g. ABI, ILAG), government, and regulators to help influence outcomes aligned with M&G’s position, as required.
• Provide technical consultancy and support to operations areas, including complaints, in the resolution of complex case work.
• Provision of an M&G internal facing technical helpdesk for operational and proposition support.
• Work with marketing and other relevant stakeholders to ensure that formal product documentation, trust documentation and literature are technically accurate and fit for purpose.
• Technical approval of operational processes and procedures, as required.
• Lead and manage tasks and technical deliverables allocated to them by the Head of Proposition Integrity and Technical Excellence.
• Cross functional collaboration with other key stakeholder areas, e.g. Transformation, Risk, closed propositions as required.
• Support the work of the Proposition Technical (External) Team where appropriate.
• To deputise for Head of Proposition Integrity and Technical Excellence where appropriate.

Key skillsets, knowledge, and experience

• Substantial understanding of tax legislation and the regulatory environment, and risk framework, related directly to individual life products (including, onshore and offshore investment bonds and related trusts).
• Significant experience and knowledge of all aspects of legislation, regulation and industry practice relevant to individual life products affecting technical proposition development, product management, transformation change, administration and operations.
• Experience and understanding of the impacts of regulatory and tax changes, with the ability to focus on technical/tax risk identification, mitigation, and ensuring technical integrity related directly to all aspects of individual life company investment bond products and related trusts.
• Strong communication skills, with the ability to explain complex technical subjects clearly to stakeholders of all levels and varying technical knowledge.
• Proven ability to interpret product rules, scheme rules, legislation, and regulation, and to advise on appropriate action from both perspectives: Manufacturer, operator, distributor.
• Collaborative and curious approach, with the confidence to work constructively with internal and external stakeholders, including third-party providers, to develop pragmatic solutions and a common technical view.
• Proven experience within the life and pensions industry in the relevant area of specialism.

Qualifications

• FPMI/APMI, FPFS/APFS (Chartered Financial Planner), relevant degree or equivalent, or actively working towards. Relevant experience will also be taken into account.

What we offer

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan alongside financial wellbeing and support services.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options.

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds.