M&G UK | Model Validation Analyst (Fixed Term Contract)

Key responsibilities

• The M&G Life team is responsible for oversight of risks within M&G Life.
• The role will focus on the independent validation of the internal valuation models used to determine fair value for illiquid assets held in Asset Management portfolios.
• The Model Validation Analyst role is responsible for conducting structured, evidence-based reviews of valuation models against the team's established validation framework, providing independent assurance on the integrity of models that directly determine NAV and investor outcomes.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
• If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
• All candidates have the opportunity to request reasonable adjustments when applying.
• Assists the Board to formulate, implement and monitor adherence to the Risk Appetite and Limit framework, risk management plans, risk policies, risk reporting and risk identification processes.
• Assess IFRS 13 fair value hierarchy classification for each model and evaluate the observability and governance of key valuation inputs.
• Communicate findings clearly and concisely to model owners and present completed validation reports to the Model Technical.
• Maintain the Validation Tracker and ensure timely logging of all findings in the Model Issues Register.
• Monitor remediation of prior-cycle findings and escalate overdue items in line with the governance framework.
• Support the development and continuous improvement of the validation framework, templates, and methodology.
• Conduct independent 2LoD validation of internal valuation models across private debt, structured credit, and real estate, assessing both conceptual soundness and implementation correctness against the established validation framework
• Produce structured validation reports using the standard template, including methodology assessments, assumptions integrity analysis, sensitivity and fragility analysis, back-testing where transaction data is available, and a formal findings register

Requirements

• Knowledge of private market asset valuation methodologies, including DCF, comparables, structured cashflow models, and probability-weighted approaches.
• Understanding of IFRS 13 fair value measurement and the Level 1/2/3 observability hierarchy as applied to illiquid assets.
• Understanding of key private market asset classes: private debt, structured credit (ABS, CLOs, RMBS), and real estate.
• Familiarity with model risk governance principles and 2LoD validation methodology.
• Knowledge of sensitivity analysis and stress testing techniques for valuation models.
• Experience in financial modelling, valuation analysis, or model validation in a financial services or asset management context.
• Experience assessing or building DCF or cashflow-based valuation models for fixed income, credit, or real estate assets.
• Experience in independent challenge or review of modelling assumptions, with ability to identify weaknesses and formulate findings.
• Experience writing structured analytical outputs for senior stakeholders or governance committees.
• Experience in 2LoD model validation, internal audit, or equivalent independent assurance role.
• Familiarity with private market asset classes (private credit, structured credit, real estate).
• Experience with IFRS 13 fair value reporting in a fund management or financial reporting context.
• Experience using Python or similar tools for data analysis and model testing (useful for assumptions verification and sensitivity work).
• Ability to form and defend independent technical opinions and maintain them under challenge from model owners.
• Able to work collaboratively across the immediate team and broader Risk and Compliance function while also being able to work independently.
• Good analytical and organisational skills.
• Good investigative skills and ability to constructively challenge.
• Able to look beyond face value, ask the right questions and make links and connections across the organisation.
• Strong oral and written communication skills.
• High level of diplomacy, discretion and problem solving ability.
• Candidates with a strong quantitative background (mathematics, economics, finance) at degree level and relevant industry experience will be considered.
• Experience in Python, PowerBI or R
• Experience Level: Experienced Colleague

M&G UK

M&G UK 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 London, Edinburgh, Stirling and Fenchurch Avenue.

• Industry: BFSI / Investments / Insurance