Risk Manager – (Corporate Pension Solutions)

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.

RISK MANAGER – CORPORATE PENSIONS SOLUTIONS
 

An exciting opportunity has arisen for a Risk Manager to join our highly regarded Risk, Assurance and Remediation team within M&G Life.

This role will be aligned to Corporate Pensions Solutions, supporting the senior leadership teams. You will work closely with the Head of Risk (Life) and the wider risk function, acting as a trusted partner to the business to support the execution of the Pension Risk Transfer (PRT) strategy, supporting pension schemes as they look to reduce long‑term risk and improve certainty of outcomes.

This position is ideally suited to someone with strong, recent Bulk Purchase Annuities (BPA) experience who has a deep understanding of the product and associated processes (Buy in/Buy Out) and is keen to apply that expertise in a broader risk and control context. While experience in non‑financial risk is valued, the strength of your PRT/BPA knowledge is the primary requirement.
 

The Role

As a Risk Manager, you will embed effective operational risk management practices within the BPA business, ensuring they align with M&G policies, frameworks and standards. You will act as a key risk advisor to the Corporate Pension Solution leadership team, supporting informed, risk‑based decision making while maintaining pace and commercial focus.
 

Key Responsibilities

• Partner with the Corporate Pension Solutions MD and leadership team, using your PRT/BPA experience to provide practical, credible challenge and support on risk and control matters.
• Support the rollout and ongoing operation of risk management practices in line with M&G’s Operational Risk Framework, building capability within the business.
• Lead the coordination of change risk assessments for projects and transactions, ensuring risks are clearly understood and appropriately managed.
• Support business leaders to identify and assess key risks across the BPA value chain, agree risk treatments and implement effective controls.
• Monitor and interpret the risk and control environment using key indicators such as issues, notifiable events and KRIs, translating these into meaningful insights for senior leaders.
• Lead/support risk governance forums for the Corporate Pension Solutions business, ensuring clear, forward‑looking risk profiles are presented and discussed.
• Proactively identify and assess emerging risks impacting the business through change assessments, process reviews and issue root‑cause analysis.
• Manage or contribute to thematic reviews covering risk, controls or policy adherence.
• Oversee the RCSA process, supporting senior leaders to deliver high‑quality, timely submissions that reflect the true risk profile of the team.
• Work collaboratively across the three lines of defence, including Compliance, Audit and Group Risk, to maintain a strong and proportionate control environment.
• Drive continuous improvement initiatives within the team and risk function.
• Potential to lead, coach and develop a small team (1–2 risk analysts), ensuring a high‑quality risk SME service is provided to stakeholders.

Key Knowledge, Skills & Experience

Essential

• Recent and substantial experience within a Bulk Purchase Annuity (BPA) environment, with a strong understanding of BPA products, transactions, processes and commercial drivers.
• Significant experience (typically 10+ years) within regulated financial services, gained in a business, first or second line role.
• Credibility and confidence working with senior leaders, with the ability to translate complex BPA activity into clear risk insights.
• Strong stakeholder management, communication and influencing skills.
• Analytical mindset, strong attention to detail and a proactive, solutions‑focused approach.

Desirable (Not Essential)

• Experience of operational or non‑financial risk frameworks, methodologies or RCSA processes (training and support can be provided).
• Broader knowledge of life insurance and pensions markets.
• Experience working within complex, matrixed organisations.
• Familiarity with M&G systems, services or distribution approaches.

Work Level: Manager / Expert

Location: Stirling ideally with 2-3 days in the office. Other locations will be considered

Closing date: 26th April 2026

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: [email protected]