Proposition Technical Manager

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.

Proposition Technical Manager

The role is for a bond and trust specialist supporting technical integrity across IL&P (Individual Life & Pensions) propositions, providing oversight and input into product development, regulatory implementation, and operational change. It works closely with proposition, risk, compliance, and operations teams to ensure that customer outcomes and technical robustness are maintained. This role forms part of a broader operating model change to strengthen internal technical capability and governance.

• Provide expert direction, insight and guidance to internal stakeholders to ensure relevant stakeholders business integrity and compliance with legislation, regulation and industry best practice within the specialist area of life company investment bonds (onshore and offshore), the types of trusts used in conjunction with bonds, and the treatment of the bonds and trusts. Primary stakeholders:
  Open Propositions, Prudential International and Operations, with other stakeholders as appropriate.
• Monitor the legislative/regulatory landscape, HMRC and industry practice to identify potential areas of risk, opportunity or change impacting M&G and ensuring relevant stakeholders are informed of same, as required. Primarily but not exclusively the integrity of our propositions and ability to operate compliantly.
• Analysis and impact assessment of relevant legislative change from consultation through to final regulations and subsequent change.
• Assisting in formulation of a common M&G view of legislative positions and best practice.
• Provide technical input to M&G consultation responses, whether directly or through relevant industry bodies with a focus on proposition integrity and operational impacts of change.
• Engage with industry bodies (e.g. ABI, ILAG), government, and regulators to help influence outcomes aligned with M&G’s position, as required
• Provide technical consultancy and support to:
• operations areas, including complaints, in the resolution of complex case work.
• proposition-led projects, including design delivery and BAU maintenance, as required.
• mandatory change projects impacting primary stakeholders
• notifiable event resolution teams
• Provision of an M&G internal facing technical helpdesk for operational and proposition support.
• Communication of ad-hoc regulatory tax changes to operational technical teams and technical SMEs, where not specifically covered by a dedicated mandatory change project.
• Work with marketing and other relevant stakeholders to ensure that formal product documentation, trust documentation and literature (includes T&Cs, KFDs, Product profiles, application wording and declarations (paper based and on-line technical wording content), ABS and quote template wording) are technically accurate and fit for purpose.
• Technical approval of operational…