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.

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.

Role Purpose 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…