Group Head of Market Risk

2 weeks ago

London, United Kingdom M&G plc. Full time
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.

The Role:

The Group Head of Market Risk will drive a sound understanding and monitoring of the market risks to which the Group is exposed, own the overall framework within which those risks are taken, and support the Group in implementing associated risk management strategies. They will also bring an outside in perspective of emerging risk themes.

The ideal candidate will have extensive experience of operating in financial markets and managing financial market risk (especially credit risk), and ideally an understanding of Insurance company balance sheets and the Solvency II regulations within which they operate.

The role will sit in M&G plc's Finance function, reporting to the Life CFO who also has Group responsibility for capital management. They will work closely with our Shareholder Financial Strategy, Treasury and Investment Office (T&IO), and second line Risk teams. The candidate will be expected to engage with senior stakeholder groups, including the Group and subsidiary Executives and Boards.

Key Responsibilities for this role:
  • Drive a deep understanding of the market risk the Group is exposed to across all businesses, through capital and liquidity lenses
  • Bring an "outside in" view of market risk including forward looking horizon scanning
  • Own the Group Market Risk Appetites and associated policies. Work with the Group Capital Management team to incorporate market risk into the Group's overarching risk appetite framework
  • Bring together and enhance MI around market risk and relevant risk appetites / EWIs to enable relevant stakeholders (including Group Executive Committee and Board), and appropriately monitor exposures and drive corrective strategies where necessary
  • Work with the Group Capital Management team and T&IO to develop hedging and other strategies to manage market risk within risk appetite, strategically and tactically as appropriate
  • Advise and assist the Group and Business Unit CFOs (and associated reporting teams) on aspects of asset valuation approaches (particularly around Level 3 or other hard to value assets), and assist in oversight of the methodologies and models used by providers of such valuations

Key Knowledge, Skills & Experience:
  • Broad and extensive experience of operating in financial markets.
  • Deep understanding of financial market risk - particularly credit risk - is essential
  • Excellent understanding of market risk management frameworks in a financial services industry context
  • Good knowledge of asset valuation methodologies and concepts, especially around private credit
  • Good working knowledge of Solvency II and its approach to market risk within a Life insurance context.
  • Excellent communication skills, with experience of stakeholder management at a senior level. Able to distil complex information into decision-useful analysis. Confident in presenting to senior stakeholders including at Exec Committee and Board levels.
  • Highly collaborative - able to work constructively across different teams
  • Able to self-direct in identifying potential issues, analysing them and communicating conclusions


Work Level: Integration Leader
Closing Date: 11 December 2024

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, physical, mental health or neuro-divergent conditions. We participate in the Disability Confident 'Offer an Interview' scheme, which means that candidates with disabilities or long-term health conditions who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying. These candidates are also supported to ensure they have the best opportunity to demonstrate that they can do the job.

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@mandg.com

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