Regulatory & Capital Reporting Accountant

M&G FA Limited; City of Edinburgh; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Pension scheme up to 18%

Share Save & Share Incentive Plan

38 days annual leave + 5 extra

Time Off When You Need It

Inspiring Families policy

Health & Protection cover

Job summary

M&G Group Limited, the asset management arm of M&G plc, is seeking a Regulatory & Capital Accountant to strengthen the Financial Reporting team. You will support regulatory reporting, capital forecasting and MI production, and own key ICARA sections.

Reporting into the Regulatory and Capital Reporting Manager, you will engage with internal stakeholders and regulators, driving accurate data, robust controls, and timely submissions across UK regulatory obligations.

Qualifications

• Experience in regulatory reporting within asset management or financial services.
• Strong communication and presentation skills.
• Ability to liaise with internal and external stakeholders.
• Problem-solving and analytical mindset, with attention to detail.

Responsibilities

• Maintain capital model to forecast capital and liquidity resources.
• Prepare quarterly capital generation figures for the group.
• Prepare FCA returns for firm entities, including capital adequacy metrics.
• Prepare MI for seeding portfolio performance and hedging considerations.
• Manage dividend process and advise Boards on distributions.
• Calculate FCA fees and apply prudential regulations to data submissions.
• Contribute to ICARA sections including stress testing and recovery planning.
• Assist in Pillar 3 disclosure preparation and regulatory documents.
• Maintain regulatory control environment and ensure regulatory compliance.
• Collaborate with colleagues and uphold strong controls.

Skills

Regulatory reporting

Capital modelling

IFPR knowledge

Stakeholder management

Education

Accountancy qualification (CA/ACA/ACCA)

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.

Role Summary

The Financial Reporting team at M&G Group Limited (Asset Management side of M&G plc Group) is responsible for the financial, statutory and regulatory reporting for the M&G Group. Key stakeholders include M&G plc Group Finance, regulators and numerous Boards / Committees. A vacancy has arisen for the role of Regulatory & Capital Accountant within the Financial Reporting team. The role covers a broad range of responsibilities including regulatory reporting, capital and liquidity forecasting, dividend planning, MI production, and ownership of key sections of the ICARA. In general, the role-holder will assist in the analysis and reporting of data required to fulfil the UK regulatory reporting obligations of M&G Group and its subsidiaries. The role-holder will report into the Regulatory and Capital Reporting Manager at M&G Group and be a key member of the Financial Reporting team.

Key Responsibilities

• Maintenance of the capital model to accurately forecast future capital and liquidity resources and requirements based on the latest business strategy. This includes the preparation of the internal MI on capital and liquidity metrics, including actual and forecast numbers.
• Preparation of quarterly capital generation figures, a key performance indicator of the wider M&G plc Group.
• Preparation of quarterly, semi-annually and annually firm specific FCA returns for M&G Group and the FCA regulated solo entities, involving the reporting of financial position, performance and capital adequacy and other metrics and information.
• Preparation of the MI which monitors performance of the seeding portfolio and related hedging and considers the capacity to accommodate new seeding investment.
• Management of the dividend process within M&G Group with regard to both capital and liquidity, and recommend to the Boards of M&G Group and its subsidiaries the level and composition of dividends payable.
• Responsibility for the calculation of FCA fees, a significant cost for the business, including reviewing the application of prudential regulations to calculate the submission data.
• Responsibility for key sections of the ICARA, including review and documentation of the methodology and calculation of certain capital requirements, stress testing, recovery plans and wind down financial impact.
• Assist in the preparation of the Pillar 3 public disclosure document.
• Preparation and maintenance of regulatory procedural documents.
• Assist the team with the maintenance of the control environment, to ensure it is fit for purpose and meets regulatory requirements.
• Work collaboratively with colleagues and take personal accountability to maintain and enhance controls.

Knowledge & Experience

To ensure your success in this role you will be/have:

• An accountancy qualification (e.g., CA, ACA, ACCA) with relevant post-qualified experience and working knowledge of accounting standards.
• Good communication and presentation skills are a must, as well as a flexible and adaptable approach.
• You will be capable of building good relationships both internal and external stakeholders.
• Effective problem-solving skills are also required for this role.
• The ability to lead and drive change forward.
• It is essential for you to have good planning and organisational skills, with excellent attention to detail.
• It is desirable for the candidate to have a:
  • Knowledge of the regulatory reporting requirements of an investment management group.
  • Knowledge of the financial dynamics of the investment management business and how key factors influence regulatory capital metrics.
  • Knowledge of the Investment Firms Prudential Regime (IFPR).

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.

Equal Opportunities & Diversity

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].

M&G is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2024, we had £345.9 billion of assets under management and administration. 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.