Proposition Manager

M&G plc; Reading; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Pension up to 18%

Share Save & Share Incentive Plan

38 days annual leave

Time Off When You Need It

Private Healthcare

Life Assurance

Job summary

M&G plc is recruiting for a Proposition Manager to join the Conduct & Enablement Team in the Long-Standing Propositions area. The role focuses on managing life and pensions propositions, regulatory change, and risk oversight.

Hybrid working with two days in the office is required at Stirling or Reading. The successful candidate will bring deep life & pensions product knowledge, experience delivering regulatory projects, and strong stakeholder and problem-solving skills to drive growth

Qualifications

• Previous experience working in the area of life & pensions product management is essential.
• The role requires an experienced product/commercial manager with capabilities in regulatory change, risk controls and growth delivery.
• Strong understanding of life & pensions products, markets and competitors is required.

Responsibilities

• Oversight and co-ordination of regulatory change implementation.
• Completion of proposition reviews to the risk-based review cycle.
• Prioritisation and co-ordination of Notifiable Events, issues and propositional changes.
• 1st line risk and controls support for the area.

Skills

Life & pensions product

Regulatory projects

Stakeholder management

Business analysis

Communication

Problem solving

Planning & organisation

Job description

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.

The Role: Proposition Manager

The Long-Standing Propositions team is made up of subject matter experts with extensive knowledge of M&G's insured propositions and a deep understanding of the legislative, regulatory and tax framework within which the products are operated.

The Conduct & Enablement team within the business area has primary responsibility for ensuring that relevant Propositions are operating within risk appetite, including the provision of oversight and co-ordination of regulatory change implementation across the business area, and the completion of proposition reviews to the agreed risk-based review cycle for relevant products.

The successful candidate will join the Conduct & Enablement Team (part of the Long-Standing Propositions area) which is responsible for the management and oversight of a wide range of activities within M&G. The team enables a number of key activities for the area including:

• oversight and co-ordination of regulatory change implementation,
• the completion of proposition reviews to the agreed risk-based review cycle.
• the prioritisation and co-ordination of Notifiable Events, issues and propositional changes.
• 1st line risk and controls support for the area.

Previous experience working in the area of life & pensions product management is essential.

The role requires an experienced product/commercial manager with the following capabilities:

• Good understanding of life & pensions products, with previous experience in managing existing life & pensions propositions
• Experience in developing existing life & pension products or new products in line with changing regulation and customer needs
• Experience in delivering regulatory projects
• Ability to identify and deliver growth opportunities
• Good working knowledge of life and pensions products, markets and competitors
• Good working knowledge of financial services regulatory and legislative frameworks

Key Knowledge, Skills & Experience:

• We are looking for a talented professional from the life and pension industry with a proven life and pensions product and technical background.
• A confident communicator and relationship builder, with strong business analysis and problem solving skills.
• Excellent planning and organisational skills - able to work well under pressure, balancing multiple priorities.
• Ability to deal with a wide range of business stakeholders at all levels within and outside the organisation. This is a collaborative role, working with various teams across the business as well as outsourced service providers and other third parties.

Job level: Manager Expert

Reporting to: Head of Conduct Enablement

Location: Stirling or Reading (Hybrid minimum 2 days per week in the office)

What we offer:

We're dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life , and financially plan for the future. Our UK benefits include :

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: [e-mail]