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Tier-1 brand and Mumbai metro increase applicant density, role is somewhat specialized reducing broader competition.
Role requires regulatory (Solvency II/PRA/FCA) and financial services vendor knowledge, limiting easy transfer across unrelated industries.
Role demands specific regulatory and ODD expertise and supplier-risk experience, creating moderate candidate filtering.
Manage the full third party oversight lifecycle including onboarding, periodic reviews, ongoing monitoring, and exit/transition of suppliers and asset managers.
Ensure compliance with M&G’s third party financial crime due diligence and local jurisdictional requirements throughout vendor relationship.
Conduct operational due diligence (ODD), risk assessments, and produce detailed reports on suppliers' operational, governance, IT, cybersecurity, and financial stability aspects for senior stakeholders.
Experience Required: Not explicitly mentioned in the JD.
Knowledge of third party oversight processes including onboarding, monitoring, and exit management.
Familiarity with regulatory frameworks such as Solvency II, PRA, FCA SYSC 8, outsourcing guidelines, and operational resilience requirements.
Ability to conduct comprehensive operational due diligence covering governance, risk management, IT systems, and financial stability.
Experienced in managing third party supplier relationships within financial services or insurance sectors under regulatory oversight.
Strong operational risk and compliance focus, with ability to evaluate supplier risk and generate actionable reports for senior leadership.
Capable of maintaining oversight processes aligned with complex regulatory and internal standards, ensuring supplier performance and risk visibility.