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Senior Business Analyst- Insurance Solutions Programme

London, United Kingdom
Closing date
Apr 1, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
M&G have a vision to become the best loved and most successful savings and investment business. They are looking for people who are excited about joining them on their journey. They are digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for their customers. To help them achieve their vision they're looking for exceptional people who live their values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

Purpose of the role:

The Insurance Solutions Programme has been set up with M&G objectives, innovation and growth at its core. Managing assets on behalf of Insurance Clients is what we do today but needs to be scaled. In addition, we will be putting in place the capabilities needed to provide innovative pensions de-risking solutions to our clients. This will involve working across the business, notably with the Treasury & Investment Office and with Corporate Risk, so the role will provide great business exposure. This is a fantastic opportunity for someone who wants a challenging and front facing role on a Growth Programme, working in a friendly and professional environment.

As a Senior Business Analyst, you will be responsible for:
  • Providing leadership to the BAs on the programme, assisting with work allocation, quality assurance and being the first point of call for escalations regarding the analysis work components.
  • Supporting the development of a business case and associated operating model for a project/programme or portfolio.
  • Supporting the Project/Programme Manager in defining the benefits definition and associated realisation management.
  • Producing requirements (including epics and user stories), perform interviews, analysis documents, run workshops (at a strategic level that includes complex business problems) define or record business process, prototyping scenarios, data analysis, task and workflow analysis.
  • Critically evaluating information gathered from multiple sources, reconcile conflicts, decompose high level information into details, abstract up from low-level information to a general understanding, and distinguish user requests from the underlying true needs.
  • Proactively communicating and collaborating with external and internal parties to analyse information needs, functional requirements, existing capabilities and feasibility, with the objective of delivering a clear implementation framework.
  • Ensuring that technology build is completed to specifications, and drives testing of system elements of the operating model.
  • Compiling key external facing documents such as Service Level Agreements and work with the external managers to manage and review 3rd party analysis deliverables, focusing on quality and relevance to the project.
  • Working with the product business teams to lead operational readiness.
  • Ensuring that there is a plan, and that business is ready to adopt the new solution.
  • Ensuring the overall solution is valid and is in accordance to the agreed objectives and expectations set by the project and programme.

What we require from the candidate:
  • Strong understanding of the investment management lifecycle and financial instruments that funds invest in - public assets, private and alternative investments.
  • Strong track record of process design and delivery, adept at building effective relationships with business customers and peers to understand the internal and external environment, working flexibly to meet challenging deadlines and providing outputs of the highest standard.
  • Knowledge of the key trends, markets, and regulatory changes shaping the asset management industry and of the key participants and their role in the asset management value chain.
  • Experience of the following within an asset management context: Governance and service design / Process re-engineering / automation and System / service selection.
  • Leading target operating model design, solutions and requirement gathering for customer outcomes, growth, efficiency, and risk control.
  • Transformation/Change and project delivery (implementation) experience.
  • Worked with, or for, a UK Life Insurer / Pensions Provider and / or a good understanding of the financial side of insurance (e.g. cash matching, assets and liabilities etc.).
  • Bulk Purchase Annuities and / or Actuarial knowledge and experience an advantage.

If you are interested in applying for this position and meet the criteria, please click the link to apply and we will be in touch with you in due course.

The IR35 status of this assignment will be assessed following the selection process and prior to confirmation of assignment offer.

'At M&G Diversity and Inclusion is a strategic objective. 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/nationally, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements for any of our roles.'

AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business

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