At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of 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
Who are we looking for?
We are looking for a confident individual with a positive attitude and a can-do approach, who is keen to build their experience and grow with M&G.
A successful candidate will be self-motivated, curious, able to build strong relationships and work effectively as part of a team.
They should feel comfortable using their initiative, working independently when needed, and be eager to learn and progress.
The Role
As an Operational Risk Apprentice, you will join our Operational Risk team, supporting the private markets business, including areas such as private equity, private credit, real assets and infrastructure. This is a great opportunity to build a strong foundation in risk management while learning how risks are understood and managed across different stages of the investment process.
Working alongside experienced colleagues, you will gain hands‑on exposure to how operational risks are identified, assessed, monitored and managed. You will collaborate with teams across the business, including front office, operations, compliance, legal and technology, helping you build a rounded understanding of how we work together to deliver a quality service. As you grow in confidence, you’ll be encouraged to take initiative, follow established processes, and make suggestions for improving the way we work, all while developing practical skills that support your future career.
What will you be doing?
As an Operational Risk Apprentice you will:
Assist with the identification and assessment of operational risks across private markets strategies
Support risk and control self-assessments (RCSAs) and maintaining risk registers
Help monitor key risk indicators (KRIs) and escalating emerging issues where appropriate
Support incident management processes, including logging, analysis, and reporting of operational events
Support the collection, review, and presentation of management information (MI) for risk reporting and governance forums
Assist in maintaining key risk-related registers (e.g., risk, incident, action, and control registers) and following up on associated actions to ensure timely closure
Assist with operational risk input into new product launches, fund setups, and business change initiatives
Support regulatory and client-driven risk reporting requests
Help maintain policies, procedures, and governance documentation
Prepare materials for risk committees and internal governance forums
Conduct research on industry best practices and emerging risks in private markets
What will I need to be successful in this role?
A genuine interest in financial markets, private markets, and risk management
Confident communication skills, both written and verbal
Ability to build and maintain relationships with internal and external stakeholders with ease
Ability to manage processes and coordinate with different people
Strong analytical and problem-solving skills
Efficient, proactive, structured approach to work and very well organized
High level of accuracy and good attention to detail
Can effectively manage day to day work, alongside apprenticeship qualification
Moderate understanding of the MS Office (Word, Excel, PowerPoint, Outlook)
A proactive team player who is confident about working with others but also independently and can promptly escalate any issue and work remotely where required
Logical and analytical approach coupled with intelligence, passion, and a drive to learn
Minimum Requirements
Available to start the apprenticeship programme in September 2026
You must not be enrolled into another further education programme at the beginning of the programme
Be a UK citizen or have proof of your right to work in the UK
Living in England
Minimum of Grade 4 in GCSE English and Mathematics
Minimum of Grade C in Three A-Levels or equivalent such as BTEC Nationals
Training Provided
As an Operational Risk Apprentice with M&G, you will undertake the Compliance and Risk Level 3 Apprenticeship. The apprenticeship will be delivered through a blend of live online learning, pre-recorded lectures, and face to face inductions and masterclasses
Future Prospects
This is a fixed term contract for 18 - 23 months upon which the business may decide to retain, subject to the Apprentice performance, headcount, and available funding. If recruited into a permanent role, the individual will follow the career progression applicable to the specific role/department.
Salary
£26,900 per annum plus benefits
Our application process
To apply for any of our apprenticeship roles you will be required to complete the following steps:
Submit your Application Form and CV
Complete your Online Assessment
Take part in a short Telephone Interview (for selected roles)
Attend one of our Assessment Centre
We are only accepting one application per candidate, so please do review all job descriptions and outline your top three choices in your application.
As you may expect, our Apprenticeship roles are extremely popular and therefore we may need to close vacancies early if we receive a high level of applications.
What we offer
At M&G, we’re 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 plc, 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. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]
Top Skills
M&G London, England Office
10 Fenchurch Avenue, London, United Kingdom, EC3M 5AG
