Business Risk Partner - Private Markets, Real Assets

The Role:  

Business Risk Partner -  Private Markets, Real Assets (Inc. Real Estate, Impact and Private Equity and Infracapital) 

First Line Risk teams at M&G support the First Line Business Areas with operational risk management and risk reporting in line with the relevant M&G Policies, Frameworks and Standards. They act as first point of contact for the Business, Operational Risk, Compliance and Audit in relation to risk and control matters for their respective Business Area or the Business Unit, in order to represent the different areas/businesses within private markets, including the acquired companies. The role is for a Business Risk Partner supporting the Real Assets businesses (Real Estate, Infracapital, Impact and Private Equity) within the Private Markets business area. The role will report into Head of Risk for Real Assets, and work closely with the rest of the Private Markets Risk team and relevant members of senior leadership team in Private Markets. 

The role supports senior leaders through delivering  high‑quality governance, clear insight and proportionate challenge. It helps enable leaders to demonstrate that risks are owned, understood, controlled and managed within M&G’s risk appetite. The role operates with significant visibility, acting as a trusted first‑line risk and control partner to management and governance forums. 

Key Activities / Responsibilities Include:  

• Act as a liaison, coordination point with the Real Assets businesses within Private Markets. 

• Support the management of Risk Events arising in the Real Assets businesses in line with Operational Risk requirements. 

• Support the management of Real Assets related Issues and Actions to ensure alignment with the Operational Risk requirements and timely closure of issues and actions. 

• Risk & Control Self-Assessment (“RCSA”) - Identify and manage top risks and mitigating actions/controls with the RCSA Owners across the Real Asset businesses. 

• Represent First line risk as appropriate at the relevant Real Assets governance forums and with the relevant stakeholders including Risk support with respect to the execution of strategic projects and initiatives. 

• Support and co-ordinate the annual M&G Real Estate Service Organisation Control (SOC) Report update 

• Conflicts of Interest management - Lead the identification, reporting and maintenance of the relevant Conflicts of Interest Register entries in MetricStream including monitoring mitigating actions/controls for the Real Assets businesses. 

• Maintain the relevant Conflicts of Interest Register entries in MetricStream for the Real Assets businesses. 

• Oversee Key Control Assessments (“KCAs”) and other control testing (e.g. led by Audit), being the key point of contact around risk and controls discussions and issues for the Real Asset businesses. 

• Support remediation of control deficiencies, audit findings, regulatory issues and self‑identified issues, working closely with business owners to achieve timely and sustainable outcomes. 

• Contribute to the maintenance and enhancement of supporting artefacts such as risk process maps, control libraries and underlying documentation to reflect the true operating environment. 

• Risk monitoring - Monitor risk and control environment, e.g. MI across conduct risk, reputational risk, financial crime, third-party suppliers, business risks, valuations, resiliency (BCPs) for Real Assets Business lines.  

• Identify and manage emerging risks proactively for the Real Assets businesses via, e.g. via trend analysis, dialogue with the businesses vis a vis industry, geo-political and business developments. 

• Perform or support with thematic reviews as required with focus on key emerging risks across the Real Assets businesses. 

• Support with the risk management of Model and User-developed Application (“MUDA”) risks. 

• Support with the identification and reporting of risk appetite working closely with senior SMEs to understand risk metrics and linkage to appetite. 

• Risk Governance & Reporting – Review / enhance / prepare risk and control-related papers for governance forums as required.  

• Risk and control SME advice - Support the First Line across the Real Assets businesses with the maintenance and roll out of the risk and control framework. 

Knowledge, Skills & Experience 

• Experience working in a first/second‑line risk, control or governance role within a regulated financial services environment. 

• (Desirable) Knowledge of asset management investment products, specifically Real Estate, Private Equity, Impact Investing and Infrastructure finance and operational environments would be beneficial. 

• Strong understanding of risk management frameworks, tools and methodologies, including RCSAs, control design, testing and assurance. 

• Experience preparing and presenting risk and control materials for senior management and governance forums. 

• Proven ability to produce clear, structured and high‑quality management information and analysis. 

Capabilities & Behaviours 

• Applies sound judgement to deliver proportionate, outcome‑focused risk and control solutions. 

• Operates as a trusted advisor, providing constructive, confident and well‑reasoned challenge while maintaining strong stakeholder relationships. 

• Takes accountability and ownership for delivering high‑quality outputs and driving actions through to completion. 

• Comfortable working across multiple business areas, balancing competing priorities and deadlines. 

• Able to manage challenge and conflict in a professional, calm and supportive manner. 

• Strong analytical, organizational and problem‑solving skills, with attention to detail and accuracy. 

• Demonstrates integrity, resilience and a positive, ‘can‑do’ mindset, leading by example.