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We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003.
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.
M&G Global Services has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G’s ambition to be the best loved and most successful savings and investments company in the world.
Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities. Through our behaviours of 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.
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of 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.
The Role:
This role sits within the Capital Valuation team in the wider M&G Model and Valuations team. The Capital Valuation Team focuses on the valuation of M&G Life business which includes with-profits, unit-linked, annuities, and equity release mortgages. This role requires to work under the direction of Qualified Actuaries or other senior team members and will include the opportunity to :
- 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
Accountabilities/Responsibilities
- 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.
