Compliance Consultant

Job content

At M&G our vision is: to become the best loved and most successful savings and investment businessand 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.

Role Context

M&G UK Compliance is responsible for advising and challenging key stakeholders, challenging risks effectively and proactively. Compliance oversees conduct and regulatory risk, providing guidance and challenge to make sure the business identifies and manages these risks wisely, stays within its risk appetite and maintains relationships with regulators.

A vacancy has arisen for a Compliance Consultant within a team that provides compliance advice and oversight to the Heritage (Pru) business on the application and interpretation of regulatory and legislative requirements across a broad spectrum of life assurance and pension accumulation/decumulation products, including occupational (DB and DC), personal pension schemes and public sector schemes.

Key Responsibilities Of The Role

• To provide compliance advice, guidance and oversight to Heritage business functions (Pensions and Life Insurance) and suppliers. The role will cover regular, business as usual activities and change programmes.
• To interpret regulatory/legislative requirements, ensuring appropriate actions are taken and controls embedded across the business to achieve compliance, in accordance with risk appetites, management guidelines, standards and policies.
• To support delivery of the Prudential UK Compliance Plan and to contribute to the Prudential UK Compliance Monitoring Plan where appropriate.
• To challenge the business in its approach to compliance risk identification, quantification, mitigation and management.
• To understand and apply external business standards by sharing good industry practice and providing guidance to the business as required.
  

Key Knowledge, Skills And Experience

• In-depth, current understanding of the regulatory and compliance requirements for pensions and life products. This must include knowledge and experience of interpreting and advising on FCA and ideally the Pensions Regulator (tPR) requirements and relevant pensions and life legislation.
• Strong analytical skills, with the ability to assess and interpret complex regulatory requirements, understand the detail and the bigger picture.
• Experience of providing practical compliance advice and guidance, with clear, informed and robust recommendations to support the delivery of fair outcomes, putting customers at the heart of decisions.
• Current knowledge and understanding of key regulatory developments affecting the sector (e.g. Consumer Duty, Pensions Dashboard) and experience in regulatory change programmes.
• Working within project environments and/or the development and delivery of end to end processes and evaluation of processes/outcomes.
• Experience of building professional relationships with internal stakeholders and external parties, with the ability to liaise, influence and negotiate effectively.
• Confident in managing multiple stakeholders and informing/influencing decision-making.
• Able to work collaboratively and to drive progress independently.
• Strong communication and report writing skills.
• Working knowledge of public sector pension schemes; Jersey, Guernsey and Isle of Man regulatory requirements is desirable.
  

Professional Qualifications

• Relevant qualifications desirable.
  

Recruiter: Tom Hunt

Work Level: Manager or Expert

Closing Date: 31/05/2022

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