Job Description

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. The company has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc\xe2\x80\x99s ambition to be the best loved and most successful savings and investments company in the world.Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities.Job TitleAnalyst \xe2\x80\x93 ActuarialGrade1ALevelAnalystManager/ Individual ContributorIndividual ContributorJob FunctionActuarialJob Sub FunctionRisk Modelling/CalibrationReports toLeadLocationMumbaiBusiness AreaM&G Global ServicesOverall Job PurposeIndividual would be part of the Risk Modelling team in Mumbai.Risk modelling team is responsible for setting out a description of the model, methodology and proposed calibration assumptions for corporate credit spread, fundamental spread (FS) and counterparty (CP) default for the purpose of M&G plc\xe2\x80\x99s Solvency II reporting as at year end.As an analyst the person will be required to work under the direction of senior team members. The job involves carrying out the tasks for calibration process and to meet the deliverables with an acceptable standard of quality and within agreed timelines.Primary Key Responsibilities (Top 3-5 KRA)

• Support in annual calibration, working through the data analysis, expert judgements and updating documents
• To support the team in developing, calibrating and implementing new or enhanced risk models to be used in Solvency II regime
• To support the analysis and investigation on technical queries, both internal and from model validation team
• Gain knowledge of internal capital model and risk modelling framework
• To develop and enhance the calibration models used within M&G
• To support the team member for analysis on Credit Major Model Change

Additional Responsibilities :

• Seek and act on opportunities to develop wider and deeper technical and business understanding.
• To proactively research and implement improvements to the modelling process, including the use of statistical analyses, automation and development of unstructured data.
• Compliance \xe2\x80\x93 Ensure understanding and adherence to M&G Global Services\xe2\x80\x99 Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.
• Under supervision, develop clear, workable plans for self, monitor progress, ensure deadlines and commitments are met
• Performance Management \xe2\x80\x93 follow and contribute to the recognised Performance Management process.
• Ability to deliver on multiple tasks to demanding timescales
• To support team members in a range of project work as and when required

Key Stakeholder ManagementInternalM&G India Team managerUK Team managerOther senior stakeholdersExternalN/AKnowledge, Skills, Experience & Educational QualificationKnowledge & Skills (Must Have) :

• Confidence & communicate effectively with others, develop positive networks and working relationships
• Desire to develop a strong technical coding ability ( e.g. VBA coding, Python, R and MATLAB)
• Document and communicate technical concepts in a way that is clear and concise
• Excellent understanding of Statistics and statistical models
• Good MS Excel and MS knowledge
• Good understanding of market and credit risk modelling

Knowledge & Skills (Additional) :

• Knowledge of the business and/ or Solvency II and/ or IFRS financial reporting experience would be an advantage, however on-the-job training will be provided to successful candidate.
• Strong self-checking of individual work

Experience:

• 1-2 years of relevant Actuarial experience
• Past experience of working on risk calibration is an added advantage

Educational Qualification:

• A student member of Institute of Faculty of Actuaries and/or Indian Institute of Actuaries with at least 3-4 exams
• Actively studying for and making satisfactory progress with the Institute/ Faculty exams as defined in the Mumbai Actuarial Study support Policy

M&G Behaviours relevant to all roles:Inspire Others: support and encourage each other, creating an environment where everyone can contribute and succeedEmbrace Change: be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideasDeliver Results: focus on performance, set high standards and deliver with energy and determinationKeep it simple: cut through complexity, keep the outcome in mind, keeping your approach simple and adapting your message to every audienceWe live by four behaviours at M&G Global Services and we ask all our employees to:

• Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
• Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
• Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
• Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things

M&G