Business Risk Partner

M&G; London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A financial services provider in London is seeking a Business Risk Partner to manage risk activities within the Investment Office. The role involves applying operational risk frameworks, assessing control metrics, and working collaboratively across teams. Ideal candidates have experience in financial services risk management and strong analytical abilities. This role supports flexible working arrangements.

Qualifications

• Experience applying quality assurance in Financial Services.
• Familiar with risk management in regulated organizations.
• Strong analytical mind with attention to detail.

Responsibilities

• Support application of Operational Risk Framework.
• Maintain business area risk profile documentation.
• Monitor and assess control environment metrics.

Skills

Quality assurance methodologies

Controls assurance and testing

Risk management

Analytical skills

Communication skills

Job description

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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 work place accommodations to ensure you have what you need to effectively deliver in your role.

Business Risk Partner – M&G Life Investment Office

The M&G Life Investment Office (LIO) is responsible for the management of Prudential UK’s With-Profits, Annuity and Unit-Linked funds, with more than £150bn of funds under management. The LIO 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.

The Business Risk Partner will work directly within LIO, reporting into the COO, whilst also liaising with the central Risk, Assurance & Remediation team which forms part of M&G’s first line of defence within the Life division to ensure adequate risk support is provided to Executive.

Key Responsibilities for this role

• To support IO in applying the requirements of M&G’s Operational Risk Framework
• To maintain the business area risk profile and keep supporting documentation & systems up to date e.g. RCSA, controls descriptions, risk acceptances, risk assessments etc.
• Assess and monitor control environment metrics for the LIO
• Participate and support assurance reviews, in order to provide senior management with ongoing comprehensive end-to-end assurance over key business processes
• Participate in a executing a risk-based control testing program, in order to provide senior management with ongoing comprehensive end-to-end assurance over key business processes
• To operate pro-active risk management, including root cause analysis into issues and control failings and contribute to the design of action plans to ensure they mitigate and resolve identified issues
• To monitor the remediation of issues, and events discussing outcomes with relevant stakeholders and ensuring MetricStream remains updated in line with operational risk standards
• To operate and drive a culture of risk and controls awareness within the local business area, providing active communications, guidance and training to the business area when required
• Identify problem areas, trends, and risks associated with processes by completing deep dive activity
• Maintain proactive communication with senior management including regular updates on engagement progress and identified or potential issues
• Produce reporting for use in local IO executive governance to ensure that the M&G Life CIO has an up to date risk profile which facilitates productive risk based discussions
• Being responsible for maintenance of the IO Conflicts of Interest register
• Work flexibly and building collaboratively constructive and supportive working relationships with teams across M&G plc and internal and external suppliers
• Keep abreast of industry trends, regulatory and business issues
• Support the development and review of internal standards, procedures and frameworks
• Support supplier oversight and ongoing due diligence activities undertaken by the Operations team in line with LIO’s and M&G plc’s supplier risk framework

Key Knowledge, Skills & Experience

• Experience of applying quality assurance and quality control methodologies within a Financial Services operational environment
• Experience of controls assurance and testing for instance, from an audit background
• Experience of implementing risk, assurance and/or oversight methodologies
• Experience of risk management, assurance and/or supplier oversight in regulated financial services organisations
• Working knowledge of asset management businesses and experience working with front office, dealing and operational teams highly desirable
• Pro-active approach to problem solving, understanding root causes, and driving continuous improvement
• Strong analytical mind and an eye for detail
• Strong communication and influencing skills
• Working knowledge of life and pensions products, markets and competitors (Preferred)
• Working knowledge of M&G products, systems, services and distribution methods (Preferred)

Work Level: Manager/Expert

Recruiter: Amy Curtis

Location: London

Closing Date: 16 September 2025

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they opt in to the scheme when applying.

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers at mandg dot com