M&G India | Head - Investment Compliance & Controls Monitoring

Accountabilities/responsibilities

• Operating within the Global Controls Monitoring capability in the COO/Global Controls environment, the role provides strategic direction, oversight, and leadership to ensure investment activity and holdings remain compliant with client guidelines, prospectus/IMA constraints, house policies, and applicable regulatory requirements, supported by robust systems, data, and operating processes.
• The role also provides 1st line assurance of controls through continuous controls monitoring along with ensuring compliance with market abuse regulation of trades executed.
• Establish and own the global operating standards for mandate interpretation, rule taxonomy, evidence and documentation, breach workflows, and escalation thresholds.
• Lead governance routines, executive updates, and risk forums; provide clear MI and insights on compliance health, emerging risks, and remediation progress.
• Act as the senior “control owner” for Investment Compliance processes, ensuring appropriate design effectiveness and sustainable oversight.
• Oversee fund/portfolio onboarding and mandate change implementation end-to-end: interpretation → rule specification → coding → testing → go-live assurance.
• Drive consistent interpretation of prospectus, IMAs, retail product constraints, and house restrictions, ensuring controls are implemented accurately in systems to enable effective monitoring.
• Oversee the operational performance and control outcomes of pre-trade and post-trade guideline monitoring (automated and manual where required).
• Ensure robust breach investigation, root-cause analysis, timely escalation, and closure discipline with clear accountability across front office, investment operations, and product.
• Maintain a strong control environment to manage complex instruments and strategies (derivatives, structured products, private assets where applicable) and evolving ESG/sustainability constraints.
• Controls Monitoring & Market Abuse Monitoring.
• Oversee the team’s control monitoring and market abuse monitoring outcomes.
• Ensure monitoring is robust, complete and accurate.
• Ensure escalations from monitoring are being taking forward by stakeholders.
• Ensure regular review of monitoring thresholds with suitable governance.
• Serve as primary senior contact for audits, assurance reviews, control testing, and escalations, ensuring high-quality responses and remediation plans.
• Build a proactive regulatory change capability: assess impact, translate requirements into controls/rules, and track implementation across systems and processes.
• Drive continuous improvements to strengthen preventative controls, reduce repeats, and enhance transparency and traceability.
• Reporting/analytics (Power BI dashboards, metrics).
• Lead strategic projects and act as a change agent, combining domain expertise with strong execution discipline.
• Build trusted partnerships with Portfolio Managers, Client Directors, Product Specialists, Dealers/Trading desks, Cash Managers, and disclosure teams.
• Collaborate closely with Risk, Compliance, Legal, and global controls stakeholders to ensure consistent interpretation and effective risk management culture.
• Present clearly to senior leadership, providing pragmatic options, risk-based recommendations, and decision-ready insights.
• Lead, coach, and develop managers and specialists across coding and monitoring; build a high-performing team with strong risk mindset and client orientation.
• Audit/assurance outcomes and closure timeliness of findings.

Requirements

• Proven senior leadership experience running a global/complex operational control function, with strong accountability for outcomes and governance.
• Ability to influence and partner with senior stakeholders, including front office, risk, and technology.
• Domain Expertise (Buy-Side Investment Compliance).
• Deep understanding of investment guidelines, mandate interpretation (IMA/prospectus), and portfolio compliance monitoring across asset classes.
• Strong knowledge of capital markets and instruments, including derivatives; ability to translate complex requirements into robust controls and rule logic.
• Strong understanding of ESG guidelines and sustainability frameworks and their translation into monitorable constraints.
• Strong techno-functional orientation: ability to shape systems-based controls, rule frameworks, and process automation.
• Familiarity with SQL and logic-based rule implementation concepts; ability to guide teams on testing, data dependencies, and control evidence.
• Experience with BlackRock Aladdin (or equivalent compliance monitoring platforms) strongly preferred.
• Strong MI and reporting capability (Excel/PowerPoint/Power BI).
• Track record of leading cross-functional change and driving measurable improvements in controls, quality, throughput, and risk outcomes.
• Comfortable operating in fast-paced environments with high consequence decision-making.
• Knowledge & Skills (Additional / Preferred).
• Understanding of UK/European regulatory frameworks impacting guideline monitoring (e.g., UCITS/AIFMD/NURS/COLL) and broader market conduct expectations.
• Experience operating in a multi-cultural, globally distributed environment.
• 15+ years’ experience in a buy-side asset management environment, with significant depth in investment compliance / guideline monitoring and breach governance.
• Demonstrable experience leading teams across coding and monitoring, managing senior stakeholders, and delivering enterprise-level change.
• Strong experience interpreting Fund prospectus, IMAs, and converting requirements into system controls and operational processes.
• Technical certifications (SQL/VBA or modern equivalents) desirable.

M&G plc

M&G traces its origins to 1931, when it launched one of the first unit trusts in the United Kingdom. It became a separate listed company in October 2019, when Prudential plc completed the demerger of M&G plc and its shares were admitted to the main market of the London Stock Exchange. The group is based in the UK and manages savings and investments for retail and institutional clients. In India it operates through M&G Global Services Private Limited, set up in 2003, with offices in Powai in Mumbai and Viman Nagar in Pune. The India unit works with colleagues worldwide on business transformation, digital capability and operations. M&G plc itself does not offer financial services in India.

Finance hiring is mainly in Mumbai, with one treasury-systems role in Pune. Postings cover fund accounting oversight for private and public assets, balance sheet accounting, bond reporting, finance consolidation, treasury support on Kyriba, investment compliance, leveraged finance research and private markets research. Seniority runs from manager to vice president and head of function. The consolidation roles ask for a qualified CA with investment-industry experience (six years for one role and fourteen for the senior one), while others prefer CFA, CA, MBA Finance or FRM.

• Industry: Savings and investments: asset management, life and pensions, and wealth, with a focus on public and private markets
• Headquarters: London, United Kingdom (listed on the London Stock Exchange)
• In India: M&G Global Services Private Limited, established in 2003, with offices in Mumbai (Powai) and Pune (Viman Nagar) serving as the group's innovation and digital hub