Luxembourg Job Openings

M&G plc

Risk and Controls Manager, Europe

Luxembourg

FULL TIME

November 19, 2024

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:

M&G Luxembourg S.A. is a Super Man Co (UCITS Man Co & AIFM with certain Mi FID top-up permissions). It is one of Luxembourg's largest and most complex Man Co's with its +100bn in Funds Under Management split evenly between Public and Private Asset funds and distributed across global locations. Along with being M&G Investments' international fund distribution platform, it is also the Head Office for its European offices.

The purpose of the role is to manage the 1st Line implementation of the group's operational risk policies and standards for the Man Co and European offices, and for co-ordinating with key business stakeholders in the ongoing identification and mitigation of operational risks. This role requires support and appropriate challenge to key stakeholders across the business. There are currently no line management responsibilities for the role, but an aspect of co-ordination and oversight of 1st Line Risk and Controls peers in other parts and locations across the business. The role is based in Luxembourg but will require some international travel from time to time.

Key Responsibilities:

Ensure that the group’s risk framework and standards are complied with across the business operations of the Man Co, its operations in Europe and its delegated activities.
In scope activities include
- Support for the preparation and presentation of the entity level Risk and Control Self Assessment (RCSA)
- Feed into wider group functional RCSAs as necessary
- Identify and report on notifiable events and risk issues and their remediation/closure
- Monitoring and reporting of audit remediation
- Ensuring appropriate controls are implemente and that control owners undertake controls assessments in accordance with the risk framework cycles
- Management and reporting of the entity Conflicts of Interest Register and supported Fund Boards, including oversight of the controls effectiveness aimed at managing such conflicts.
- Development of comprehensive and informative reports, and there presentation, to senior management and governance bodies as necessary.
- Design and management of reports and tools to support day to day activities and responsibilities.
Ensure that risk events (issues and notifiable events) and internal audit management actions are monitored, reported and remediated in a timely and effective manner by liaising with relevant owners/stakeholders and providing support as necessary.
Become an advanced user of the group's enterprise risk system and other tools as necessary, ensuring that data quality within them is maintained
Develop effective relationships and engagement methods with business representatives, and other assurance functions such as Compliance, Risk and Internal Audit.
Work closely with colleagues to ensure that business owned policies are updated and reviewed as necessary to ensure they remain effective and aligned to group risk and compliance standards.
Represent Europe at various group fora covering 1st and 2nd Line operational risk activities.

Key Knowledge, Skills & Experience for the role:

Graduate with 3-5 years experience in an assurance (risk, compliance or audit) role in financial services (e.g. Asset Management, Banking, Consulting)
A strong technical understanding of operational risk management methodologies, risk definition, controls and mitigating techniques, controls testing and their respective relevance across the business.
Strong interpersonal and collaboration skills and proven track record as being an effective communicator across all organisational levels
Able to work independently, proactively, collaboratively and professionally with colleagues to deliver responsibilities of the role, particularly with senior business stakeholders, Business Risk Partner function (1st Line), Risk (2nd Line) and Internal Audit.
Able to build credibility and respect with colleagues and senior stakeholders.
A reputation for good judgement, reliability, attention to detail and an ability to challenge appropriately in a professional and constructive manner, from critical analysis.
Excellent stakeholder management skills and an ability to distill complex data and concepts succinctly to support them
Strong analytical and reasoning skills
Ability to work both autonomously and as part of a team and across geographies
High level of computer literacy and understanding of data structures and governance, with experience working with core applications (MSOffice applications, enterprise risk systems, data visulation tools.
Capable of navigating large organizational structures, systems and processes.
Strong English language skills (both written and verbal) a must, with any additional European languages consider a positive

Qualifications:

Masters degree or equivalent experience
Risk / Finance professional qualification such as CFA, CAIA, GARP, PRMIA a plus

Work Level: Manager or Expert

Recruiter: Hannah Curtis

Closing Date: 4th 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.

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