Model Validation Analyst (Fixed Term Contract)

Location: London, United Kingdom; other location: Stirling. Full-time fixed-term contract.

Company

M&G provides asset management, insurance, savings, and investment solutions through its Asset Management and Life operating segments.

What you will do

• Conduct independent second-line validation of valuation models for private debt, structured credit, and real estate.
• Assess conceptual soundness, implementation correctness, assumptions, sensitivities, fragility, and back-testing results.
• Evaluate IFRS 13 fair value hierarchy classifications and the observability and governance of valuation inputs.
• Prepare validation reports and present findings to model owners and the Model Technical Working Group.
• Maintain validation and model issue registers, monitor remediation, and escalate overdue findings.
• Improve validation frameworks, templates, and methodologies.

Requirements

• Experience in financial modelling, valuation analysis, or model validation within financial services or asset management.
• Experience building or assessing DCF or cashflow-based valuation models for fixed income, credit, or real estate assets.
• Experience independently challenging modelling assumptions and producing structured analytical outputs for senior stakeholders or governance committees.
• Knowledge of private market valuation methodologies, IFRS 13, fair value observability levels, model risk governance, sensitivity analysis, and stress testing.
• Strong analytical, investigative, organisational, written, and oral communication skills, with the ability to defend independent technical opinions.
• CFA, FRM, or an equivalent finance or investment analysis qualification is preferred; relevant quantitative degrees and industry experience are also considered.

Nice to have

• Experience in second-line model validation, internal audit, or independent assurance.
• Familiarity with private credit, structured credit, and real estate.
• Experience with IFRS 13 fair value reporting.
• Experience using Python, Power BI, or R for data analysis and model testing.

Culture & Benefits

• Flexible working arrangements and workplace adjustments are available.
• Pension scheme with contributions of up to 18%.
• Share Save, Share Incentive Plan, and financial wellbeing support.
• 38 days of annual leave including bank holidays, with the option to purchase five additional days.
• Private healthcare, critical illness cover, life assurance, and comprehensive parental leave.
• Inclusive culture with employee-led networks and development opportunities.