Risk & Controls Manager, Actuarial Modelling & Valuations

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.

This role provides leadership across Risk and Controls activities within Actuarial Modelling & Valuations, supporting the effective management of risks across key business processes, models and regulatory obligations. Working closely with technical teams, senior management, Financial Risk, Model Validation, other Risk functions and Audit, the role helps ensure that robust and proportionate frameworks are operating as intended and supported by appropriate evidence. It supports teams in identifying and managing risk, embedding effective mitigating control processes and behaviours and ensuring that any gaps are understood, escalated and addressed through clear action plans. The role acts as a trusted adviser and constructive challenger, translating complex matters into practical actions, clear governance reporting and informed decisions, while building capability through guidance and knowledge-sharing.

The successful candidate will gain broad exposure to senior stakeholders and major business, regulatory and governance initiatives, helping shape how risk management evolves to support growth, customer outcomes and sound decision-making.

Why This Role Matters

Effective risk management supports good customer outcomes, sustainable growth and confidence in the decisions, models, processes and controls that underpin the organisation. This role keeps risk management practical and value-adding by promoting accountability, informed decision-making, continuous improvement and proportionate governance as the business and external environment evolve.

Key Responsibilities

• Lead and coordinate Risk and Controls activities across Actuarial Modelling & Valuations, with clear priorities, ownership and dependencies.
• Lead or support regulatory, audit and governance commitments, taking ownership of complex or emerging matters and establishing clear plans for proportionate remediation and sustainable resolution.
• Maintain and enhance proportionate frameworks, policies, standards and governance arrangements within the remit of the role.
• Coordinate and constructively challenge Risk & Control Self-Assessments, Key Control Assessments, issues, events and remediation plans, with appropriate ownership, timely resolution and closure evidence.
• Oversee policy compliance, attestations, inventory management, risk appetite monitoring and reporting, including periodic quality review of key activities.
• Partner with Financial Controls, Model Validation, other Risk functions, Internal and External Audit, and other reviewers to support the timely and proportionate closure of findings and continued improvement.
• Lead the Risk Champion network, building capability through practical guidance, coaching and knowledge-sharing and helping embed effective behaviours across the function.
• Identify opportunities to simplify and improve processes while balancing risk management, business needs and operational practicality.

Skills and Experience

• Practical experience in Risk Management, Controls, Governance, Model Risk, Audit or a related discipline within regulated financial services, including RCSAs, control assessment, issue management and remediation.
• Ability to work effectively with technical teams and senior stakeholders, supporting teams in operating and evidencing their controls while providing influence and constructive challenge.
• Strong communication and stakeholder management skills, including the ability to explain complex matters clearly to senior and committee audiences, and engage effectively with reviewing teams.
• Risk-based decision-making, with the ability to assess the nature and materiality of risks, determine an appropriate and proportionate response, and clearly explain and evidence the rationale for decisions.
• Strong organisational skills, with the ability to manage competing priorities, dependencies and deadlines while maintaining quality and accuracy.
• Experience of developing capability through coaching, training, guidance or people leadership.

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:

• 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 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 five extra days.
• Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit 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 – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience. M&G is proud to be Level 3: under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application. We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us.