About M&G India
We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.
Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.
Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.
About M&G
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.
- Develop an understanding of features of Non-profit & With-profit products and their sensitivities to key risk drivers.
- Carry out various tasks for Capital Modelling and Reporting along with ad-hoc process improvements.
- Produce RSG (risk scenario generation) files and conduct stress and scenario testing.
- Maintain audit trails / version controls to demonstrate adequacy of spreadsheet controls for future enhancements to tools.
- Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.
- Work with colleagues across other areas within Finance and Risk to support delivery of financial reporting in line with regulatory deadlines.
- Responsible for learning and applying actuarial concepts to deliver accurate and timely work under guidance from experienced team members.
- Works within clearly defined processes and frameworks, seeking clarification when needed and following instructions carefully to ensure quality.
- Delivers assigned tasks and outputs as per given specifications, focusing on accuracy and attention to detail while developing problem-solving skills.
- Actively participates in team discussions and shares ideas, asking questions and suggesting improvements based on observations and newly acquired knowledge.
Key Responsibilities:
- Work closely with colleagues at different geographical location, ensuring seamless communications.
- Seek and act on opportunities to develop wider and deeper technical and business understanding of capital models.
- Build good working relationships with stakeholders in wider team and outside of the team.
- Maintaining effective communication with Stakeholders and leadership team members.
- Compliance – Ensure understanding and adherence to M&G’s Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.
We have a diverse workforce and an inclusive culture at M&G Global Services, 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.
Skills Required
- Understanding of Non-profit and With-profit insurance products and sensitivities to key risk drivers
- Experience carrying out capital modelling and regulatory reporting
- Ability to produce RSG (risk scenario generation) files and conduct stress and scenario testing
- Strong spreadsheet controls, version control and audit trail practices (Excel)
- Ability to draft and maintain process documentation and checklists
- Collaborative working with Finance and Risk stakeholders to meet regulatory deadlines
- Willingness to learn and apply actuarial concepts under guidance
- Effective communication and ability to work across different geographical locations
- Adherence to company Code of Conduct and completion of mandatory compliance training
M&G Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&G and has not been reviewed or approved by M&G.
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Retirement Support — Pension support in the UK is presented as notably generous versus typical market norms and is positioned as a core part of total reward. Formal materials also highlight share plans and financial‑wellbeing tools alongside pension value.
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Leave & Time Off Breadth — Annual leave in the UK is described as substantially above statutory norms with the option to purchase additional days. Additional flexibility is referenced through policies such as “Time Off When You Need It.”
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Parental & Family Support — Parental policies (e.g., “Inspiring Families”) are characterized as extensive, including long fully paid leave and phased return‑to‑work support. External recognition is cited as reinforcing family support as a distinctive element of the package.
M&G Insights
What We Do
M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.
