Risk Analyst, Solvency II ERM

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 Solvency II Enterprise Risk Management Team sits within the M&G plc Risk and Compliance function and is responsible for:

• Assisting the Board to formulate, implement and monitor adherence to the Risk Management Framework
• Reviewing, assessing and challenging the actions taken by first line of defence to manage, mitigate and control risks
• Providing the Board with an aggregate view of M&G plc's risk profile and supporting them in identifying and assessing key and emerging risks

The team primarily operates across the Life business; however some Group processes owned by the team also consider the wider Asset Management and Group functions. The team is responsible for a number of Solvency II enterprise-wide risk management processes, reporting into Boards and Committees.

The role provides an excellent opportunity to gain experience in a Risk function and consider risk holistically to support M&G's growth plans. It will interact with a wide range of stakeholders to aggregate risk-based information and communicate it effectively to Boards and Committees. It relies on collaborating with the first, second and third lines of defence to collate, challenge and present information in relation to the Group's enterprise risk management processes.

The processes that the team manages run across the year and include annual reporting, maintaining compliance with the Solvency II Pillar II requirements, risk identification including analysis of emerging risks, collation of the Own Risk and Solvency Assessment (ORSA) Report and calculation of the operational risk capital requirements.

The risk analyst role combines ownership of key team deliverables with supporting senior members of the team in completing larger more complex processes. It provides opportunities to interact with senior management, including producing board papers and presenting these at committees.

While a deep knowledge of the Solvency II regulations is not necessary, the successful candidate requires relevant experience and is enthusiastic with a desire to learn. The team is looking for someone with an analytic mindset and proactive attitude who can work independently and communicate effectively to build relationships with a variety of different stakeholders.

• Ownership of the Management Information report for the Internal Model Governance Oversight Committee and supporting processes such as maintenance of the documentation inventory.
• Support the coordination and production of regulatory disclosure documents, including the Solvency and Financial Condition Reports, ORSA Report and Annual Reporting Accounts.
• Maintain Group-wide Operating Standards and monitor compliance with the Solvency II Pillar II regulatory requirements including compliance attestations.
• Support the team in identifying risk including monitoring emerging risks and identifying new risks associated with the Life business' growth agenda.
• Support the team in analysing risks and assessing the resilience of the Group through stress and scenario testing requirements and reporting.
• Support the assessment…