Compliance Analyst - M&G Life

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.

Compliance provides regulatory advice, oversees conduct and regulatory risk, and provides guidance and challenge to make sure the business identifies and manages regulatory risks, stays within its risk appetite and maintains relationships with regulators.

A vacancy has arisen for a Compliance Analyst within M&G’s Risk & Compliance function, supporting M&G Life. The role will support the compliance business partner model, by working alongside senior Compliance colleagues to provide advice and guidance to the Operations function, and Corporate Pension Solutions business. The role is suitable for someone looking to move into Compliance from another financial services role or for a graduate or early careers professional with some financial services risk or compliance experience, who is looking to build a long-term career in Compliance. It will offer the opportunity to develop an understanding of regulatory rules, guidance and expectations, good practice and the application of regulatory and legislative requirements.

Working alongside compliance colleagues, the role will include engagement with colleagues in first line teams across Operations; Corporate Pensions Solutions; and M&G Life’s outsourced service providers. It offers exposure to a range of regulatory topics across M&G Life Operations and Corporate Pensions Solutions.

Key responsibilities of the role

• The role holder will support the provision of compliance advice and guidance to M&G Life, focusing on Operations, including outsourced service providers, and Corporate Pension Solutions, with oversight from senior Compliance colleagues.

• Support the interpretation of regulatory requirements, including existing rules and supporting regulatory change projects, and assist in advising business stakeholders.
• Support with day to day engagement with business leads and project delivery leads on regulatory and business‑led change initiatives, working as part of a wider Compliance team.
• Assist in identifying and escalating regulatory risks, supporting discussions with Compliance and first line management, and understanding how these are managed within the firm’s risk appetite.
• Contribute to assessment of controls and processes to support effective compliance.
• Support Compliance’s oversight activities, including contributing to reviews and challenge of the business’s approach to managing compliance risk.

Key knowledge, skills and experience

• Foundational knowledge of, or a strong interest in developing understanding of, FCA rules and guidance relevant to pensions and life products.
• An understanding of current themes in retail financial services, such as an understanding of the FCA’s requirements around good customer outcomes and consumer duty.
• Good analytical skills, with attention to detail.
• Good communication skills, with the ability to engage proactively with a wide range of colleagues, and build relationships of trust.
• Able to produce clear and well‑evidenced outputs (including compliance advice), supported by feedback and guidance from senior colleagues.
• Experience of working within project environments and/or supporting the development and implementation of end to end processes, focusing on delivering good customer outcomes.

• Able to work collaboratively and to progress tasks independently
• A willingness to work towards a relevant professional qualification is desirable, with support provided as part of the role.

Experience Level: Experienced Colleague

Recruiter: Helen Simons

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• 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.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 

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