TPA Oversight Specialist

Stirling, Scotland, United Kingdom

8/4/2025

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of 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.

The Role:

Third Party Oversight Specialist is an experienced role with the responsibility to support oversight of Financial Crime activities performed on behalf of the Life business by TPAs/TAs to ensure they remain in line with financial crime expectations set in the Group 2LoD Third Party Risk Management Framework. This role offers the opportunity for a motivated individual to utilise their FC knowledge as they grow into a FC Reliance Oversight Specialist role within the 1LOD Governance, Reporting & Oversight Team

Main Responsibilities:

• Support the oversight of outsourced Financial Crime controls, including those performed by TPAs/TAs for all Life business units and products.
• Support the development and maintenance of governance frameworks, including Terms of Reference for TPA Financial Crime forums.
• Coordinate and participate in supplier governance meetings, driving accountability and continuous improvement
• Support the oversight of third-party Financial Crime policies, procedures, and controls align with M&G’s Financial Crime standards and regulatory expectations.
• Maintain robust records of TPA performance, identifying trends and areas for escalation.
• Review and challenge KPIs and MI submitted by TPAs, ensuring data integrity and actionable insights.
• Conduct thematic reviews on TPA activities (e.g., due diligence, screening).
• Escalate non-compliance or performance concerns to the Monitoring & Control Team Lead.
• Act as a key liaison between internal stakeholders and external TPAs to embed a strong compliance culture.
• Support the Governance, Reporting & Oversight Team Lead in driving the financial crime agenda across outsourced relationships.
• Contribute to the continuous enhancement of oversight frameworks and risk mitigation strategies.
  
  

Key Knowledge, Skills & Experience:

• Proven experience in financial crime compliance, ideally within a regulated financial services environment.
• Experience in financial crime assurance activities, including process and control testing.
• Understanding of outsourcing arrangements and third-party risk management desirable.
• Excellent communication and stakeholder management skills, with the ability to influence at all levels.
• Analytical mindset with the ability to interpret MI and identify emerging risks.
  
  

Work Level: Experienced Colleague

Recruiter: Hollie Doran

Location: Kildean

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]