Head of Fund Control

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.

The Head of Fund Control is accountable for the leadership, oversight and performance of the Fund Control Team. The role holder will be responsible for Private Markets asset lifecycle management, valuations as well as responsibility for fund accounting and financial reporting oversight for public market, private market and non-linked life funds. Private market asset classes include private equity, private credit, structured finance and infrastructure. The Head of Fund Control will report to the Director of Asset Management Operations, with responsibility for effective governance, control, and delivery of change initiatives across both simple and complex fund structures.

The role has ownership and oversight across the following functions:

• Private Markets Asset Lifecycle Management – including loan closing, investment system record keeping, cash flow management & communication/reconciliation of investment transactions to key 3rd party administrators
• Asset Valuation – covering public asset, private assets & derivatives
• Accounting Technical Advisory & Transaction Cost Oversight
• Investment Accounting Oversight
• Financial Reporting Oversight

Key Responsibilities

• Leadership and Strategy
  • Provide leadership, direction and management across Fund Control, supporting day-to-day activities whilst driving forward strategic objectives.
  • Build a cohesive Fund Control function, bringing together specialist skills and expertise across public and private markets.
  • Ensure an appropriate people development and talent management framework is in place.
• Operating Model, Process and Oversight
  • Ensure transparent, well understood processes underpin Fund Control activities.
  • Ensure oversight activities are right sized and efficient.
  • Ensure appropriate management information is in place to monitor performance, quality and control.
• Risk, Governance and Control
  • Ensure robust risk and control frameworks exist across Fund Control activities.
  • Provide reporting into relevant forums/committees in relation to risk management.
• Change, Transformation and Delivery
  • Engage fully in strategic initiatives and change programmes across the business.
  • Drive the change and transformation agenda of the Fund Control function.
  • Be a driver of the design and delivery of the end to end operating platform.
• Stakeholder and Vendor Management
  • Work collaboratively with Group Finance, Actuarial, Investment teams, Operations peers and other internal teams.
  • Provide senior engagement with internal stakeholders on objectives, priorities and performance.
  • Oversee relationships with third-party suppliers and external auditors.

Functional Accountability

• Private Markets Asset Lifecycle Management: Manage the lifecycle of loan closing, investment system record keeping, cash flow management & communication/reconciliation of investment transactions.
• Asset Valuation: Deliver asset valuation activities ensuring methodologies are appropriate, robust, consistent and aligned with policy.
• Accounting Technical Advisory & Transaction Cost Oversight: Provide required technical accounting input into product design.
• Investment Accounting Oversight: Provide oversight of Investment Accounting activities that are outsourced.
• Fund Financial Reporting Oversight: Provide oversight of Financial Reporting activities that are outsourced.

Qualifications

• Strong technical understanding of fund accounting, asset valuation methodologies, and financial reporting principles.
• Significant experience within Asset Management with a track record of exceptional service delivery.
• Strong understanding of the risk & control environment.
• Qualified Accountant (preferred but not essential) with relevant industry experience.
• Demonstrates strategic foresight to shape long-term priorities.
• Ability to balance technical excellence and commerciality.
• Experience of effectively and proactively managing third party relationships.
• Proven capability in leading multidisciplinary teams across multiple locations.
• Experience in shaping and delivering transformational change.
• Excellent communication skills at all levels of the business.

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.
• 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days.
• Market leading Inspiring Families policy includes comprehensive support and paid parental leave.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance.

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.