At 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.
We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.
This high-impact role is at the heart of M&G’s evolving sustainability risk agenda. Covering climate, nature and wider thematic risks, it offers the chance to engage with senior stakeholders and influence the direction of risk management across the breadth of M&G, staying close to the latest developments in sustainability, regulation and market practice. This is an excellent opportunity for someone who enjoys complex, varied and fast-moving subject matter and who can turn technical insight into clear, practical and influential second line challenge.
Job Description
This role sits within the Sustainability and Reputational Risk team, providing SME second line oversight, advice and challenge on climate, nature and other thematic sustainability risks across M&G. It supports effective risk management through clear judgement, strong stakeholder engagement and high-quality written outputs.
The role helps link climate and nature risk outcomes to business strategy, business planning, risk appetite and key Group priorities. It also supports external reporting, regulatory engagement, climate scenario analysis, emissions targets, nature strategy and independent assurance activity.
Main Responsibilities
Provide SME second line oversight, advice and challenge across the risk management lifecycle, including risk identification, assessment, monitoring, management and reporting, and its integration into relevant business and investment processes.
Provide second line oversight, advice and challenge over the Group’s delivery of SS5/25, including implementation, governance and reporting.
Support UK SRS materiality assessment from a second line perspective, with a focus on climate and nature risks, impacts and dependencies.
Review and challenge climate scenario analysis, including methodology, assumptions, data quality, data coverage, model limitations, second-order impacts, outputs and use in decision-making.
Provide second line review and challenge over external climate and sustainability reporting, ensuring content is evidence-based, appropriately verified, aligned to reporting frameworks and best practice, and supports effective management of greenwashing risk.
Support oversight of emissions targets, climate commitments and related reporting, including alignment with the M&G Climate Transition Plan.
Provide advice and oversight of the development of M&G’s nature strategy, including staying current on nature-related data, frameworks, reporting standards and emerging best practice.
Maintain awareness of external climate and nature developments, including regulatory expectations, reporting standards, academic research, industry guidance, data providers and market practice.
Contribute to key working groups on climate scenarios, climate transition, nature and regulatory reporting.
Write clear risk opinions, assurance outputs and challenge papers for senior stakeholders and governance forums.
Support strong controls and processes, recognising their importance in effective risk management, reliable reporting and clear accountability.
Key Knowledge, Skills and Experience
Strong understanding of climate and nature risk in financial services - Essential
Experience and understanding of climate risk management frameworks and processes, including how climate risks are identified, assessed, monitored, managed and reported Essential
Strong understanding of climate scenario analysis, including NGFS scenarios, vendor models, transition risk, physical risk, second-order impacts, model uncertainty, data gaps and data quality challenges - Essential
Knowledge of sustainability reporting frameworks, including UK SRS and TCFD and broader climate and nature-related reporting developments - Essential
Strong understanding of risk frameworks, controls, governance and assurance - Essential
Ability to assess complex climate and nature risk outputs and provide clear, practical second line challenge - Essential
Ability to translate technical climate and nature risk issues into clear recommendations, risk opinions and senior-level messaging - Essential
Strong stakeholder engagement skills, with the ability to influence while maintaining an independent second line view - Essential
Excellent written communication, including concise risk opinions, committee papers and assurance outputs - Essential
Strong analytical judgement, attention to detail and ability to work across multiple priorities - Essential
Curiosity and commitment to staying up to date on climate science, nature risk, regulation, data, frameworks and market practice - Essential
Relevant sustainability, ESG, risk, investment, actuarial or finance qualification desirable, such as CFA, actuarial qualification, CFA ESG Certificate or equivalent - Desirable
Highly self-motivated and proactive, with the ability to work independently, exercise sound judgement, and deliver results with minimal supervision or direction - Desirable
Experience Level: Manager/Expert
Recruiter: Helen Simons
What we offer:
We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, and financially plan for the future. Our UK benefits include:
- A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
- Access to our Share Save and Share Incentive Plan, alongside 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 five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
- Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
- Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.
To explore more about life at M&G and our full benefits offering, visit Life at M&G
At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.
M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: [email protected]
Skills Required
- Strong understanding of climate and nature risk in financial services
- Experience and understanding of climate risk management frameworks and processes (identification, assessment, monitoring, management, reporting)
- Strong understanding of climate scenario analysis (NGFS scenarios, vendor models, transition and physical risk, second-order impacts, model uncertainty, data gaps)
- Knowledge of sustainability reporting frameworks including UK SRS and TCFD
- Strong understanding of risk frameworks, controls, governance and assurance
- Ability to assess complex climate and nature risk outputs and provide clear, practical second-line challenge
- Ability to translate technical climate and nature risk issues into clear recommendations, risk opinions and senior-level messaging
- Strong stakeholder engagement and influencing skills while maintaining independent second-line view
- Excellent written communication (concise risk opinions, committee papers, assurance outputs)
- Strong analytical judgement, attention to detail and ability to manage multiple priorities
- Curiosity and commitment to staying up to date on climate science, nature risk, regulation, data and market practice
- Relevant sustainability, ESG, risk, investment, actuarial or finance qualification (e.g., CFA, actuarial qualification, CFA ESG Certificate)
- Highly self-motivated and proactive, able to work independently and exercise sound judgement
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.
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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.
