ESG Manager – M&G plc. job at London Full Time NEW

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

ESG Manager, Climate Risk (12 month fixed-term contract)

The ESG Manager – Climate Risk is primarily responsible for ensuring the Life Investment Office (LIO) develops effective climate risk identification and management approaches and integrates these into LIO’s investment processes, including those relating to climate scenario analysis, risk assessment frameworks, and appropriate risk management actions. The role is responsible for delivering management information and, where necessary, external reporting, and undertaking relevant governance within LIO and Prudential Assurance Company, as required. The role will also support wider climate-related activities and priorities of the ESG & Regulatory team, such as those relating to PAC’s climate targets and the M&G Climate Transition Plan, as well as ESG-related oversight of internal and external fund managers.

Key Responsibilities:

• Ensure that LIO’s responsibilities in meeting expectations on climate risk management as set out by the Prudential Regulation Authority (PRA) in Supervisory Statement 5/25 are well defined and understood
• Within the ESG&R team, lead on the implementation of climate risk identification, management, monitoring and reporting within LIO’s processes, including those that relate to LIO’s climate scenario analysis, issuer-level risk assessment, credit rating providers, key risk indicators and risk concentrations, and manager selection and oversight
• Identify and undertake opportunities to enhance LIO’s climate scenario analysis such as through improved scrutiny of climate scenario model components, data coverage and quality, documentation of modelling approaches and limitations, and integrating more complex modelling techniques, such as incorporating second-order climate impacts
• Refine risk assessment methodologies, approaches and data inputs to improve decision-usefulness of climate risk-related MI
• Collaborate with stakeholders across LIO, Prudential Assurance Company, M&G Investments, and M&G Plc to advance approaches to climate risk identification and management and support a coherent approach across the Group
• Act as a focal point for the LIO on climate risk, including for other areas of the Life business, M&G Plc, and externally, such as with clients, industry bodies and regulators, as required
• Support the ESG&R team to advance climate transition planning and implementation towards the delivery of PAC’s climate targets.
• Conduct day-to-day climate-related ESG management required by the team, such as inputting into manager selection and oversight processes, internal MI production, and external reporting

Key Knowledge, Skills & Experience:

• Subject matter expertise relating to climate risk management frameworks and processes, climate strategy, and/or climate scenario analysis
• An in depth understanding of regulatory requirements of life insurers in relation to climate risk management and disclosures, including those set by the PRA and IFRS
• Understanding of publicly available climate scenarios such as those produced by the NGFS, and/or models offered by private vendors, including long-term and short-term scenarios across both transition and physical risk
• Ability to assess model components, identify limitations of modelling approaches and techniques, and address solutions to addressing key challenges relating to model uncertainty and data gaps/quality
• Ability to translate technical knowledge into actions, processes and/or frameworks for integration into investment policies and processes
• An understanding of assets classes and their roles in multi-asset and annuity portfolios
• Experience working with data and information across asset classes, limitations, and how to address data quality and coverage issues
• Awareness of, and experience of working with, a variety of stakeholders on climate/ESG issues (e.g. academics or research providers, industry associations, regulators, consultants, etc.)
• Comfort in working with and presenting to stakeholders across different functions and knowledge bases
• Good written and verbal communication skills
• Ability to prioritise and deliver work in a flexible manner
• Ability to build good relationships internally and externally
• Ability to work within a team environment
• Good planning and organisational skills
• Effective problem solving skills
• IMC, CFA or ESG qualification desirable

Location: London
Work Level: Manager / Expert
Recruiter: Amy Curtis
Closing Date: 19th May 2026

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include: