Model Validation Analyst (12 month Fixed Term Contract)

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.

The M&G plc Risk and Compliance function:

• Assists the Board to formulate implement and monitor adherence to the Risk Appetite and Limit framework risk management plans risk policies risk reporting and risk identification processes. Provides guidance tools and technology and reviews and assesses the risk taking activities of the first line of defence where appropriate challenging the actions being taken to manage and control risks; andprovides the Board with an aggregate view of M&G plcs risk profile and supports them in identifying and assessing key and emerging risks which threaten the achievement of M&G plcs objectives. The M&G Life team is responsible for oversight of risks within M&G Life.
• The Model Validation team support the business in managing model risk across the group through the independent validation of critical Models and User Developed Applications within the business including pricing models and operational risk modelling.
• The role will focus on the independent validation of the internal valuation models used to determine fair value for illiquid assets held in Asset Management portfolios. The Model Validation Analyst role is responsible for conducting structured evidence-based reviews of valuation models against the teams established validation framework providing independent assurance on the integrity of models that directly determine NAV and investor outcomes.

Key Responsibilities:

• Conduct independent 2LoD validation of internal valuation models across private debt structured credit and real estate assessing both conceptual soundness and implementation correctness against the established validation framework
• Produce structured validation reports using the standard template including methodology assessments assumptions integrity analysis sensitivity and fragility analysis back-testing where transaction data is available and a formal findings register
• Assess IFRS 13 fair value hierarchy classification for each model and evaluate the observability and governance of key valuation inputs
• Communicate findings clearly and concisely to model owners and present completed validation reports to the Model Technical Working Group
• Maintain the Validation Tracker and ensure timely logging of all findings in the Model Issues Register
• Monitor remediation of prior-cycle findings and escalate overdue items in line with the governance framework
• Support the development and continuous improvement of the validation framework templates and methodology

Knowledge statements:

• Knowledge of private market asset valuation methodologies including DCF comparables structured cashflow models and probability-weighted approaches
• Understanding of IFRS 13 fair value measurement and the Level 1/2/3 observability hierarchy as applied to illiquid assets
• Understanding of key private market asset classes: private debt structured credit (ABS CLOs RMBS) and real estate
• Familiarity with model risk governance principles and 2LoD validation methodology
• Knowledge of sensitivity analysis and stress testing techniques for valuation models
• Awareness of the regulatory landscape for fair value measurement and internal model governance

Experience statements:

(Essential)

• Experience in financial modelling valuation analysis or model validation in a financial services or asset management context
• Experience assessing or building DCF or cashflow-based valuation models for fixed income credit or real estate assets
• Experience in independent challenge or review of modelling assumptions with ability to identify weaknesses and formulate findings
• Experience writing structured analytical outputs for senior stakeholders or governance committees

(Desirable)

• Experience in 2LoD model validation internal audit or equivalent independent assurance role
• Familiarity with private market asset classes (private credit structured credit real estate)
• Experience with IFRS 13 fair value reporting in a fund management or financial reporting context
• Experience using Python or similar tools for data analysis and model testing (useful for assumptions verification and sensitivity work)

Personal attribute/skills:

(Essential)

• Ability to form and defend independent technical opinions and maintain them under challenge from model owners
• Able to work collaboratively across the immediate team and broader Risk and Compliance function while also being able to work independently
• Good analytical and organisational skills.
• Good investigative skills and ability to constructively challenge
• Able to look beyond face value ask the right questions and make links and connections across the organisation.
• Strong oral and written communication skills.
• A strong ability to learn quickly and explain issues to others

(Desirable)

• Relationship building skills
• High level of diplomacy discretion and problem solving ability.
• Experience in Python PowerBI or R

Qualifications:

• CFA FRM or equivalent qualification in finance or investment analysis preferred. Candidates with a strong quantitative background (mathematics economics finance) at degree level and relevant industry experience will be considered

Experience Level: Experienced Colleague

Recruiter: Helen Simons

What we offer:

At M&G were 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.

Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow by contacting us at:

Required Experience:

IC

Employment Type : Full-Time
Experience: years
Vacancy: 1