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Junior Fixed Income Risk Analyst

M&G plc.
London, United Kingdom
Competitive Salary
Closing date
Sep 23, 2022

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Job Role
Risk Manager
Contract Type
Full Time
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At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home 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.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
  • Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
  • Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
  • Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
  • Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

The Role:
The Public Fixed Income Risk Team, part of the broader Investment Risk team, sits within the business' second line risk function, reporting independently to the CRO. Even though there is functional independence, the team is viewed as a trusted advisor and sparring partner for the investment teams. At its core, the team provides oversight of all public fixed income mandates, including:
  • Ensuring that risk taking is consistent with the funds' stated objectives and strategy
  • The funds maintain appropriate levels of liquidity and diversification.
  • Provide risk based performance insights and analysis

In addition, an important and exciting part of the role is to work closely with and challenge teams across the firm including fund managers, Product, Investment Solutions, Sales and Distribution to help achieve the best possible outcomes for clients.

Work Level Accountabilities:
Experienced Colleague:
  • Accountable for providing a quality service or product to customers and stakeholders, using skills/experience built through significant practical experience or training
  • Works within established frameworks and procedures, with the freedom to interpret them to solve a range of problems
  • Delivers outputs that are clearly defined, using discretion over how to achieve them
  • Makes suggestions for improvements to the work of the team, based on previous experience and knowledge of similar situations.
  • Project management and running to deadlines.


  • Undertake ad hoc project analysis as necessary to support new product initiatives.
  • Analysing model portfolios at pre-launch stage for market and liquidity risk analysis.
  • Designing and building insightful analysis on portfolios for discussion with senior analysts and fund managers across a range of products and investment strategies.
  • Undertaking of independent research aimed at uncovering portfolio/market risk insights which can aid fund managers in improving the investment management process.
  • Participation in cross-departmental initiatives in order to foster greater collaboration with the wider investment risk team
  • Work with the performance teams to link risk analysis with fund performance.
  • Undertake ad hoc risk analysis as part of the fund management team dialogue and from Sales/Client interaction.
  • Supporting the delivery of risk oversight meeting packs as well as producing material for committees, boards and other key stakeholders

Skills, Knowledge & Experience:
  • Experience in a fixed income investment risk or similar role at an asset management house or other financial services organisation.
  • Some experience working in an investment facing market risk role, other quantitative finance role or in a position through which the candidate has been able to gain a high-level understanding of fixed income portfolio management and fixed income risk models would be preferred.
  • A good degree in a finance related or quantitative subject. CFA or any other relevant professional qualification (or working towards one) desirable
  • ESG knowledge preferable.
  • Experience coding in R, Python, SQL and/or Power BI would be strongly preferred.
  • Experience with Aladdin desirable
  • Good communication skills. Comfortable in communicating ideas and analysis at different levels.
  • Experience dealing with large data-sets and strong quantitative numeracy highly desired.
  • Keen interest in learning and applying new skills.

We live by four behaviours at M&G and we ask all our employees to:
  • Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
  • Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
  • Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
  • Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things
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