Senior Risk Analyst

Location: Stirling, United Kingdom; other location: Edinburgh

Company

M&G is a UK-listed financial services provider combining asset management and insurance expertise to deliver savings and investment solutions.

What you will do

• Lead day-to-day second-line oversight, challenge, and first-line Risk engagement across assigned Life business areas and third-party relationships.
• Serve as the primary Risk Framework contact and Life non-financial risk subject-matter expert for framework application and MetricStream use.
• Review and challenge RCSA, issues, events, key control assessments, processes, and risk acceptances, escalating material concerns.
• Design and deliver Risk Framework training and support framework enhancements and continuous improvement.
• Analyse risk information to identify emerging risks, recurring themes, control concerns, and cross-business trends.
• Support assurance reviews, thematic assessments, project engagements, control environment assessments, risk opinions, and governance outputs.

Requirements

• Experience in Operational Risk, Non-Financial Risk, Risk & Compliance, or related control disciplines within a financial services environment.
• Strong understanding of risk management frameworks, governance, and risk management processes.
• Expertise in risk management systems and technology platforms, particularly MetricStream.
• Significant experience independently reviewing and challenging RCSA, issues, events, risk acceptances, and other Risk Framework activities.
• Ability to independently assess framework outputs and identify areas requiring challenge or escalation.
• Strong business partnering and stakeholder management skills, including direct engagement with business stakeholders and first-line Risk teams.
• Experience designing and delivering training, governance support, and Risk Framework guidance.
• Strong analytical and written communication skills, including identifying emerging risks and contributing to Risk Opinions, Control Environment Assessments, and governance outputs.
• Experience supporting end-to-end assurance reviews, thematic assessments, project engagements, control environment reviews, and fieldwork in a regulated environment.
• Experience coordinating multiple stakeholders and managing competing priorities.

Nice to have

• Experience in life insurance, pensions, or other financial services operations.
• Experience using data analytics and reporting tools for risk oversight and insight generation.
• Relevant professional qualification or progress toward IRM, CII, ACA, CIMA, ACCA, IIA, or equivalent qualification.

Culture & Benefits

• Flexible working arrangements and workplace adjustments are available.
• Inclusive culture supported by employee-led networks and development opportunities.
• Pension scheme of up to 18%, including employer contributions.
• Share Save and Share Incentive Plan, financial wellbeing support, and 38 days of annual leave including bank holidays.
• Additional leave purchase, flexible time-off policy, paid parental leave, private healthcare, critical illness cover, and life assurance.