Senior Operational Change Manager – Life Time Annuity

M&G; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial services firm in London is seeking a Senior Operational Change Manager to oversee operational readiness for a new Life Time Annuity product. This role will involve shaping the operational model, engaging with senior stakeholders, and ensuring compliance with business strategy and regulatory requirements. Ideal candidates will have extensive experience in operational change within financial services, especially in pensions or life insurance. Competitive salary and benefits offered.

Benefits

Pension scheme with 18% contributions

38 days annual leave

Comprehensive health cover

Support for parental leave and family

Financial wellbeing services

Qualifications

• Proven experience in operational change management within financial services, ideally in pensions or life insurance.
• Demonstrated ability to influence senior stakeholders.
• Experience designing and implementing operating models for new products.

Responsibilities

• Lead operational readiness for the Life Time Annuity launch.
• Provide updates to Senior Leadership Team on project activities.
• Support definition of operational design blueprint for new products.
• Lead operational impact assessments and identify risks.
• Collaborate with Proposition Architecture on operational plans.

Skills

Operational knowledge of Annuity products

Operational change management experience

Understanding of operational functions

Ability to lead cross-functional readiness programmes

Excellent communication skills

Familiarity with regulatory considerations

Comfortable in matrixed environments

Education

Relevant degree or equivalent experience

Job description

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 also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role: Senior Operational Change Manager - Life Time Annuity

We are seeking a strategic and experienced Senior Operational Change Manager to lead operational readiness for the launch of a new Life Time Annuity product within our Life business. This pivotal role will shape how Operations supports product delivery, ensuring alignment with business strategy, sales ambitions, and the broader Target Operating Model (TOM).

You will be a confident communicator, capable of influencing senior stakeholders and translating complex change into clear, actionable operational plans that deliver seamless service outcomes. Your remit will span all operational domains—Voice, Complaints, Back Office performance, and supporting functions—leveraging subject matter experts across Customer Services to ensure consistently high standards.

This role is critical to supporting M&G Life’s growth ambitions and may involve onboarding new partners. Your leadership will ensure that our operating model not only meets but exceeds customer expectations for the new Life Time Annuity product.

Role Purpose

To lead and assure operational readiness for the launch and ongoing evolution of the Life Time Annuity product. You will shape the operational model, establish a model office, and ensure seamless integration with business strategy. Acting as a key conduit between Operations, Product, Sales, and Proposition Architecture, you will ensure alignment with the wider TOM.

Key Accountabilities

• Operational Readiness Leadership: Drive end-to-end readiness for the Life Time Annuity launch, ensuring all operational functions are prepared and resourced.
• SLT Engagement & Communication: Provide regular, transparent updates to the Operations and Life Time Annuity project Senior Leadership Team, with a focus on high‑impact, critical‑path activities.
• Operating Model Design: Support definition and documentation of the operational design blueprint for new products, aligning with existing capabilities and identifying areas for uplift or transformation.
• Impact Assessment & Change Planning: Lead operational impact assessments, identifying risks, dependencies, and mitigation strategies across the service landscape.
• Sales Strategy & Time‑to‑Market Alignment: Interpret Sales and TTM plans to assess operational implications, ensuring readiness to support commercial goals.
• TOM Integration: Collaborate with Proposition Architecture to translate the broader TOM into actionable operational plans, keeping the Ops SLT fully briefed and aligned.
• Stakeholder Collaboration: Build strong relationships with Product Owners and Senior Product Owners to embed operational considerations early in the product lifecycle.
• Management of two Business Readiness and Change Analysts to support product launch operational readiness.

Skills & Experience Required

• Operational knowledge and experience of Annuity products (preferred).
• Proven experience in operational change management within financial services, ideally in pensions or life insurance.
• Strong understanding of operational functions including customer servicing, complaints, voice, quality, bereavements, and systems support.
• Demonstrated ability to lead cross‑functional readiness programmes and influence senior stakeholders.
• Experience designing and implementing operating models for new products or services.
• Excellent communication and stakeholder management skills, with the ability to translate complex change into clear operational impacts.
• Familiarity with regulatory and compliance considerations in pensions and investment products.
• Comfortable working in a matrixed environment with multiple delivery partners and stakeholders.

Job Level: Manager/Expert

Closing Date: 19 November 2025

What we offer

• As a savings and investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to 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 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave – as supporting families is a core aspect of our inclusive culture.
• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options – for peace of mind.

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

We have a diverse workforce and an inclusive culture at M&G, 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.

Disability Confident Leader

If you need or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [e-mail]