Risk Internship
by M&G plc
Job Details
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About M&G Investments
With a record of investment excellence stretching back over more than 80 years, M&G, the UK and European investment arm of the Prudential group, is one of the UK’s leading and most respected fund management groups.
Risk Internship
We are looking for interns who have an enthusiastic and curious approach to learning and display excellent numeracy, analytical thinking and problem solving skills. You will have an appreciation for why effective risk management matters and excellent interpersonal and communication skills.
You will be in your penultimate year of study, be predicted a minimum 2:1 undergraduate degree from any discipline and have 300 UCAS points or equivalent.
The Risk Internship will last 8 weeks in one of M&G’s Risk teams. Whilst on the scheme, you will be exposed to a number of areas outside of your immediate team, through training and networking opportunities, in order to provide a broad understanding of our overall business and Risk functions. Throughout the scheme you will be assessed with a view to making 2018 Risk Graduate Scheme offers upon completion.
- Risk Analysis – A crucial part of our infrastructure and an effective resource that provides comprehensive risk analysis and supports management of investment risk. Accordingly, we employ a team of risk analysts and monitoring staff that develops and runs risk models based on leading edge risk software, Algorithmics, tailored to the investment strategy and philosophy of each fund type.
- Portfolio Construction and Risk - The team is responsible for assisting fund managers in maximising alpha from bottom-up stock selection by identifying unintended investment risks and assisting in the effective allocation of the risk budget to highest conviction ideas. They also provide reassurance to senior management that funds are being managed in line with the mandate and provide clients with real insight into the investment characteristics and risks of the funds in which they invest.
- Risk Monitoring – The counterparty credit risk team undertake the due diligence of market counterparts on initial set up and on an ongoing basis, with a view to establishing and maintain trading lines. We are also responsible for the daily monitoring of exposures against these trading limits, as well as providing oversight of the firm’s collateralised positions in its OTC and securities lending books. The Risk Controls team is responsible for providing independent valuation of non-standard / complex assets and performing a review of risk in relation to asset portfolios usually encompassing the calculation of various risk metrics, capital utilisation and stress tests.
You will be involved in a variety of tasks, the nature of the work will vary dependent on the team you are placed with.
Work that previous interns have been involved in includes:
- Designing and building new risk models
- Researching market areas in context of risks they pose for funds
- Running periodical procedures and ensuring funds stay within risk limits
- Meeting with fund managers to discuss the risks they have in their portfolios
You will take part in a training programme which includes insights sessions on asset management and the M&G business units. These are designed to be suitable for those without industry knowledge, and will provide an understanding of the whole spectrum of business areas within M&G.
Interns are also invited to networking and social events, and provided with a buddy from our graduate cohort who will act as an informal support contact.
How to apply
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