Capital Modelling

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities. To help us achieve our vision we’re looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

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:
There is an exciting opportunity to support work on M&G’s Internal Capital Model (ICM). The role sits within the Capital Production team within the wider M&G Model and Valuations team. The Capital Production team focuses on the modelling of M&G Capital Requirements. This roles requires a qualified or near qualified actuary (or relevant background working directly with actuarial models) who has practical experience of Solvency II valuation reporting.

The role will include the opportunity to:

- Develop an understanding of M&G’s Internal Capital Model (ICM) and how this is used to produce results for SII quarterly reporting and Stress and Scenario testing;
- Develop an understanding of how M&G’s non-profit annuity business, and in particular the assets the back these, are modelled in the ICM;
- Develop and understanding of how the Matching Adjustment is modelled and how this changes under stress; and
- Work with colleagues across the wider business within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.

Key Responsibilities:

- To produce and be accountable for understanding and explaining changes asset related capital activity.
- To support the Manager of Capital Production - Assets on delivery of all key outputs, including full updates to non-profit annuity asset models twice per-annum
- To track changes to M&G’s non-profit annuity assets e.g. sales, purchase and credit rating movements and ensuring these are properly reflected within the ICM.
- To provide technical expertise to design technical solutions as part of change projects within M&G where required.

You will have:

- Excellent technical actuarial knowledge, with attention to detail.
- Motivated and willing to take responsibility and ownership of the work assigned.
- Demonstrable experience of problem solving and providing practical solutions to complex problems.
- Commercial aptitude and the ability to consider the impact of decisions.
- Strong commercial and collaboration skills.
- Ability to express own viewpoint and to communicate clearly on complex actuarial issues.

Work Level: Experienced Coleague

Close Date: 21st March 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 or disability 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.