Senior Risk Manager, Life Insurance & Product Governance

M&G plc

Stirling

Hybrid

GBP 70,000 - 110,000

Full time

14 days+

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Benefits offered by this job

Pension up to 18%
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Share Incentive Plan
38 days annual leave
Private Healthcare
Life Assurance
Flexible working

Job summary

M&G plc is seeking a Manager/Expert to provide robust second line risk oversight across life insurance, pensions and investment products. You will assess product propositions, pricing, lifecycle governance and associated risk/ customer outcomes, while collaborating with actuarial, finance, and compliance teams.

Role emphasizes independent challenge, clear governance commentary and practical risk solutions in a flexible work environment within the UK.

Qualifications

  • Expert knowledge of UK life insurance, pensions, and related products.
  • Deep understanding of UK regulatory environment and risk governance.
  • Strong ability to translate complex issues into clear, actionable guidance.

Responsibilities

  • Review governance materials for products and propositions, ensuring risk and customer outcomes are clearly addressed.
  • Challenge investment strategy, ALM positions and hedging impacts on product economics and risk.
  • Oversee reinsurance, risk sharing, and liability management with focus on governance and controls.
  • Monitor market, regulatory, and business developments affecting product risk and governance.

Skills

Life insurance knowledge
Risk management
Second line oversight
Stakeholder engagement
Analytical mindset

Education

Relevant professional qualification or equivalent experience

Job description

M&G plc is seeking a Manager/Expert to provide robust second line risk oversight across life insurance, pensions and investment products. You will assess product propositions, pricing, lifecycle governance and associated risk/ customer outcomes, while collaborating with actuarial, finance, and compliance teams.

Role emphasizes independent challenge, clear governance commentary and practical risk solutions in a flexible work environment within the UK.

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