Operational Risk Apprentice

You will join as part of the Investment
20/20 programme.

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 workplace accommodations to ensure you have what you need to effectively deliver in your role.

We are looking for a confident individual with a positive attitude and a can‑do approach, who is keen to build their experience and grow with M&G.do approach, who is keen to build their experience and grow with M&G.

A successful candidate will be self‑motivated, curious, able to build strong relationships and work effectively as part of a team.motivated, curious, able to build strong relationships and work effectively as part of a team.

They should feel comfortable using their initiative, working independently when needed, and be eager to learn and progress.

As an Operational Risk Apprentice, you will join our Operational Risk team, supporting the private markets business, including areas such as private equity, private credit, real assets and infrastructure. This is a great opportunity to build a strong foundation in risk management while learning how risks are understood and managed across different stages of the investment process.

Working alongside experienced colleagues, you will gain hands‑on exposure to how operational risks are identified, assessed, monitored and managed. You will collaborate with teams across the business, including front office, operations, compliance, legal and technology, helping you build a rounded understanding of how we work together to deliver a quality service. As you grow in confidence, you’ll be encouraged to take initiative, follow established processes, and make suggestions for improving the way we work, all while developing practical skills that support your future career.

• Assist with the identification and assessment of operational risks across private markets strategies
• Support risk and control self‑assessments (RCSAs) and maintaining risk registers
• Help monitor key risk indicators (KRIs) and escalating emerging issues where appropriate
• Support incident management processes, including logging, analysis, and reporting of operational events
• Support the collection, review, and presentation of management information (MI) for risk reporting and governance forums
• Assist in maintaining key risk‑related registers (e.g., risk, incident, action, and control registers) and following up on associated actions to ensure timely closure
• Assist with operational risk input into new product launches, fund setups, and business change initiatives
• Support regulatory and client‑driven risk reporting requests
• Help maintain policies, procedures, and governance documentation
• Prepare materials for risk committees and internal governance forums
• Conduct research on industry best practices and emerging risks in private markets

• A genuine interest in financial markets, private markets, and risk management
• Confident communication skills, both written and verbal
• Ability to build and maintain relationships with internal and external stakeholders with ease
• Ability to manage processes and coordinate with different people
• Strong analytical and problem‑solving skills
• Efficient, proactive, structured approach to work and very well organized
• High level of accuracy and good attention to detail
• Can effectively manage day to day work, alongside apprenticeship qualification
• Moderate understanding of the MS Office (Word, Excel, PowerPoint, Outlook)
• A proactive team player who is confident about working…