Regulatory Manager

M&G plc.
London, United Kingdom
Oct 04, 2022
Oct 19, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
  • Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
  • Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
  • Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
  • Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

The Role:

The M&G plc Treasury & Investment Office (T&IO) is responsible for the management of Prudential UK's With-Profits, Annuity and Unit-Linked funds, with more than £150bn of funds under management. T&IO 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.

Key Work Level Accountabilities:
  • Responsible for formulating T&IO responses to regulatory changes
  • Leading and implementing regulatory change for T&IO
  • Monitoring and reporting on adherence of T&IO to various regulatory requirements
  • Contributing to and supporting wider company regulatory change and response initiatives
  • Supporting governance, attestation and administrative requirements

Experienced Colleague:
  • Accountable for providing a quality service or product to customers and stakeholders, using skills/experience built through significant practical experience or training
  • For team leaders, accountable for ensuring the team the role supports is delivering a quality service or product
  • Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
  • Delivers outputs that are clearly defined, using discretion over how to achieve them
  • Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations

Key Responsibilities for this role:
  • To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G's operational risk.
  • Compiling regular attestations on behalf of T&IO, including, but not limited to regulatory responses, compliance checks and policy adherence.
  • Supporting Group Treasury with regulatory attestations, regulatory responses, compliance checks and policy adherence.
  • Formulating T&IO regulatory responses via various channels, including interfacing with compliance and risk teams, and horizon scanning.
  • Project managing compilation of T&IO regulatory responses (e.g. to consultations) and implementation of final regulation
  • Enabling colleagues in T&IO to act as subject matter experts in their own areas rather than compliance or regulatory experts
  • Working with risk and compliance teams to relay T&IO input and opinions on matters such as regulatory consultations, section 166s, and surveys from industry bodies (e.g. ABI).
  • Assist and advise T&IO functions to integrate and implement updated and new regulation in their BAU activity.
  • Leading the Risk Identification process for T&IO, liaising with Risk and SMEs as appropriate, and coordinating necessary updates to Risk ID related documentation on behalf of T&IO.
  • To understand and demonstrate positive conduct in line our purpose, values and behaviours.
  • To understand the Company's Sustainability vision and apply the Sustainability Strategy as appropriate for your role.

Key Knowledge, Skills & Experience:

This role is ideally suited to someone who can demonstrate:
  • Knowledge of regulation and investment considerations, along with working knowledge of how regulation affects T&IO functions in their BAU activity
  • Ability to research potentially unfamiliar regulation across topics and jurisdictions, and translate findings into actionable changes in the context of insurance investments
  • A good grasp of all asset classes and their roles in multi-asset and annuity portfolios
  • Comfort in working with and presenting to stakeholders across different functions and knowledge bases
  • Good written and verbal communication skills
  • Ability to prioritise and deliver work in a flexible manner
  • Build good relationships internally and externally
  • Ability to work within a team environment
  • Effective analytical skills
  • Good planning and organisational skills
  • Effective problem solving skills

Work Level: Experienced Colleague
Recruiter Name: Emily Northcott

We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things
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