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07 Jan 2016

  • Job Type: Graduate Job
  • Profession: Investment Banking
  • Start Date: Unspecified
  • Number of Positions: 1
  • Location: London
  • UCAS Points: 300
  • Disciplines Recruited From: any
  • Salary: Competitive
  • Application Details: Please apply as early as possible to avoid disappointment
  • Degree Required: 2:1

Who are we looking for?

We are looking for candidates who have a proactive and curious approach to learning and display excellent numeracy, analytical thinking and problem solving skills. You will have an appreciation for why effective risk management matters. You will also have excellent interpersonal and communication skills.

You will possess or be predicted a minimum 2:1 undergraduate degree from any discipline and have 300 UCAS points or equivalent.

What is the Risk Graduate Scheme?

The Risk Graduate Scheme will last between 12 and 18 months, during which you will rotate across the different Risk functions. This opportunity will enable you to develop a wide range of skills and competencies together with a broad understanding of how

M&G Risk conducts a wide variety of roles, from challenging business units on risks, controls and actions through to asset valuations and providing investment risk analysis.

You will rotate through the following areas before being placed permanently in one of the teams:

  • Risk Monitoring The counterparty credit risk team undertake the due diligence of market counterparts on initial set up and on an ongoing basis with a view to establishing and maintain trading lines. We are also responsible for the daily monitoring of exposures against these trading limits as well as providing oversight of the firms collateralised positions in its OTC and securities lending books. The Risk Controls team is responsible for providing independent valuation of non standard / complex assets and performing a review of risk in relation to asset portfolios usually encompassing the calculation of various risk metrics, capital utilisation and stress tests.
  • Risk Analysis A crucial part of our infrastructure is an effective resource that provides comprehensive risk analysis and supports management of investment risk. Accordingly, we employ a team of risk analysts and monitoring staff that develops and runs risk models based on leading edge risk software, Algorithmics, tailored to the investment strategy and philosophy of each fund type.
  • Operational Risk The team is responsible for operational risk oversight of M&G, seeking to ensure that the company manages these risks in accordance with the expectations of its clients, shareholder and regulators. The team works closely with risk coordinators and management across M&G Business Units and also with Prudential to challenge business units on risk controls and actions and embed the operational risk framework and policies. The team is then responsible for monitoring the effectiveness of these risk management processes, providing a consolidated view and management information to the M&G Risk Director, M&G Group Risk Committee and Prudential Group Operational Risk Committee.

What will you do?

The Graduate Risk Analyst is an integral member of the Risk team who will benefit from a wide range of tasks and exposure through the various rotations.

Work that previous graduates have been involved in includes:

  • Designing and building new risk models
  • Researching market areas in context of risks they pose for funds
  • Running periodical procedures and ensuring funds stay within risk limits
  • Meeting with fund managers to discuss the risks they have in their portfolios

What training is provided?

Throughout the scheme, you are given comprehensive training and a vast support network; this includes a four-week asset-management introductory programme, a buddy from a previous cohort and an optional mentor. All graduates complete their induction by obtaining the Investment Management Certificate (IMC) and will then begin supported study towards a further professional qualification, such as the Professional Risk Managers International Association (PRIMA).

You are also able to make the most of the in-house training opportunities available.


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