At a Glance
- Tasks: Lead derivative management and asset liability strategies for a major investment firm.
- Company: Join M&G, a leading savings and investments firm with over 175 years of innovation.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and private healthcare.
- Other info: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Make a real impact in financial strategies while working in a supportive and inclusive environment.
- Qualifications: Extensive experience in investment, ALM, or hedging with strong knowledge of life insurance.
The predicted salary is between 100000 - 150000 £ 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 M&G plc Life Investment Office (LIO) is responsible for the management of M&G Life’s With-Profits, Annuity and Unit-Linked funds, with more than £150bn of funds under management. LIO works closely with the various asset management businesses within the M&G plc Group, and other external managers, to structure multi-asset portfolios aligned with the investment objectives of our clients.
The Derivative Management Group, whilst sitting within Life, also supports the wider M&G group including the asset manager, the central group and treasury. It is a centre of excellence providing derivative expertise in dealing, fund management and the overlay of hedging programs.
The Director within the Derivative Management Group is a senior specialist role within LIO, working closely with wider LIO and M&G Group teams on Asset Liability Management (ALM), investment hedging, and derivatives based initiatives. The role has accountability for the Asset Owner hedging framework and plays a critical role in the design, implementation, and ongoing risk management of hedging strategies.
The role holder will act as a subject matter expert, providing technical leadership, commercial insight, and constructive challenge to ensure hedging activities are robust, policy compliant, and aligned with business objectives across M&G Life and the wider Group.
Key Responsibilities for this Role:- Hedging & ALM Leadership
- Maintain, and enhance the Asset Owner hedging framework for M&G Life, ensuring alignment with policy, regulatory requirements, and best practice.
- Review, assess, and challenge ALM hedging strategies across insurance businesses and, where relevant, the wider M&G Group.
- Support the design, implementation, and ongoing risk management of hedging programmes.
- Provide technical expertise to ensure effective risk mitigation and capital outcomes.
- Contribute to the analysis of new hedging requirements, strategies and product development.
- Business & Strategic Support
- Engage with business stakeholders to understand requirements and develop suitable ALM solutions and derivatives based investment or product ideas.
- Support the development and execution of broader business initiatives, projects, and change programmes involving derivatives and risk management.
- Provide indicative derivative pricing and technical input to support group entities and business decision making.
- Stakeholder & Counterparty Engagement
- Maintain relationships with external derivative counterparties and service providers, ensuring strong governance, execution quality, and commercial outcomes.
- Build and maintain trusted relationships with internal stakeholders across investment, risk, finance, actuarial, and product teams.
- Act as a knowledgeable and credible point of contact for complex hedging and derivatives related matters.
- Assist with operational processes such as confirmations, collateral and lifecycle management of derivative trades.
- Substantial experience in an investment, ALM, or hedging function with a strong understanding of life insurance investment strategies and financial instruments, including derivatives.
- Deep understanding of the needs and risk profiles of M&G Life business lines (With-Profits, Annuities, Unit-Linked) and MGG.
- Working knowledge of investment related regulation and relevant insurance and prudential regulatory frameworks.
- Demonstrated experience managing complex stakeholder environments with competing priorities.
- Proven experience designing or overseeing large scale hedging programmes.
- Experience providing technical challenge and governance oversight within a regulated insurance environment. Actuarial experience.
- Track record of contributing to strategic initiatives and business change involving derivatives or risk management.
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.
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
Director, Derivative Management employer: M&gprudential
M&G plc is an exceptional employer that prioritises employee wellbeing and professional growth, offering a comprehensive benefits package including an 18% pension scheme, generous annual leave, and robust family support policies. Located in London, the company fosters an inclusive work culture that values diversity and provides flexible working arrangements, ensuring that employees can thrive both personally and professionally while contributing to innovative investment solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Director, Derivative Management
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We think you need these skills to ace Director, Derivative Management
Some tips for your application 🫡
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How to prepare for a job interview at M&gprudential
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with M&gprudential.
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