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

Accountabilities/responsibilities

• Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.
• 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.

Requirements

• Knowledge, Skills, Experience & Educational Qualification.
• 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 India

M&G India is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "Feel confident in your long-term financial future with M&G."

Its finance, accounts, audit and tax openings in India are mostly in Mumbai and Pune.

• Industry: BFSI / Investments / Insurance