Manager - Investment Compliance Coding

About M&G India
We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.
Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.
Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.
About M&G
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.
Job Description
Job Title
Manager – Investment Compliance Coding
Grade
Level 2C
Level
Colleague/ Experienced Colleague
Job Function
Controls Office
Job Sub Function
Investment Compliance Coding
Reports to
AVP
Location
Mumbai
Business Area
M&G India – (Asset Management)
Overall Job Purpose
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
The Role:
This Techno-Functional role will require the suitable candidate to be well versed with Asset management domain and familiarity with SQL, along with a strong understanding of the front, middle, and back-office operations, investment operations, investment management, and capital markets.
Global Controls Monitoring Team within M&G Plc is a part of COO - Global Controls Team which supports the Asset Management business covering fund/ portfolio onboarding, pre and post trade mandate monitoring, ensuring investment transactions and holdings are compliant with client guidelines and regulatory requirements.
Investment Compliance Coding : Coding involves setting up client & compliance regulations by understanding the client requirements, interpreting the prospectus / investment mandate/ Retail product/ house restrictions and Implement a compliance rule in systems to enable effective monitoring of guidelines.
Accountabilities/Responsibilities
Key Responsibilities:
Conduct reviews and interpretations of client mandates, Investment Management Agreements (IMAs), fund guidelines, and retail product documentation to ensure accurate rule implementation in Aladdin and proprietary systems, addressing client, regulatory, and house restrictions.
Subject Matter Expertise & Query Resolution
Code investment restrictions, evaluate and test rule evaluation capabilities, including both automated and non-automated monitoring activities, and ensure ongoing system maintenance.
Ensure the effectiveness and accuracy of existing rules by analysing regulatory and client guidelines and facilitate the coding of relevant rules within Aladdin's order management system.
Annotate Investment Management Agreements for clarity and accuracy.
Prepare documentation to support reviews and substantiate effective process controls during the coding of rules in the order management system.
Address client-specific requirements to deliver tailored solutions that meet unique objectives.
Serve as a change agent by providing technical expertise for key compliance reporting projects, offering insights into rule coding, and identifying breaches.
Collaborate with BlackRock Solutions to resolve Aladdin system issues and manage requirements, including maintaining the coding approvers table.
Support fund managers by responding to queries related to pre- and post-trade rules and exceptions.
Must understand ESG guidelines and frameworks.
Partner with various operations teams to enhance data availability and improve the quality of underlying data.
Act as a change agent and provide technical expertise to key projects/initiatives in the compliance reporting function.
Able to provide a four-eye check of the rule coded, whether it is working properly and resultant breaches if any.
Providing innovative solutions to client requirements (including coding the Compliance Reporting application) in sync with optimization of the rule library in place.
Can appreciate specific client nuances successfully and provide an appropriate & optimal solution to meet objectives.
Maintaining existing fund "rules" within the system and tailoring available solutions to the changing needs of the client in a timely manner.
Scope client requirements against that of the system and perform maintenance to the client's account.
Investigate investment guideline breaches with the investment manager to assist the client in the breach resolution process.
Keep up to date with industry practice, product development and evolving regulations.
Key Stakeholder Management
Internal
Process Managers
Risk and Compliance Teams
External
Portfolio managers
Client Directors
Product Specialists
Dealers and Trading desks
Cash Managers
Shareholder Disclosure teams
Knowledge, Skills, Experience & Educational Qualification
Knowledge & Skills (Must Have) :
Domain Expertise:
Coding experience, ideally with logic-based database systems
Through understanding of Investment Business is mandatory
Excellent financial market and instrument knowledge
Excellent written and verbal communication
Strong analytical, organisational and problem solving skills
Experience using BlackRock Aladdin is a significant plus
Technical Expertise:
Relevant technical certification on SQL and VBA Script language
Through understanding of Bloomberg/ Reuters application usage
Microsoft Office (Excel, Word, PowerPoint etc) skills
Microsoft Power BI Apps
Magnitude of Impact:
Strong drive and delivery, committed to achieving results and delivering on time
Strong analytical thinking and a critical evaluator of information/issues
End to end ownership of the processes and issue resolution
Ability to interact with Fund Managers on potential investment breaches
Strong understanding of various asset classes to explain the Client Directors on potential impact of the breach on fund/ portfolio/ client investments
Knowledge & Skills (Additional) :
Knowledge of security classification data, experience using Bloomberg, Reuters etc.
Understanding of UK and European regulatory frameworks that impact investment guideline monitoring and UCITS/AIFM/NURS/COLL rules
Excellent written and oral communication and analytical skills
Ability to operate remotely, in a diverse and multi-cultural environment with international work or consultancy exposure
Curious and continually looking to seek out improvements and not just accepting the status quo
Experience:
Working experience of 7+ years in a BUY side Asset Management company
Experience in investment / Mandate / portfolio compliance monitoring within BUY side firms
Experience of using investment guideline monitoring systems for pre and post-trade monitoring, escalation of investment guideline breaches and commenting on guideline violation reasons within the compliance monitoring system.
Understanding and strong interpretation of Fund prospectus and IMA documentation
Excellent partnership and stakeholder management skills as well as build strong relationships and work collaboratively with teams across the business
Experience of liaising, influencing and negotiating effectively with all internal and external parties and stakeholders
Educational Qualification:
Master’s Degree level in Finance/ Mathematics/ Economics
CFA Qualification will be an added advantage
FRM Certification will be desirable
Relevant IOC or Investment Management qualification / Certification would be desirable.
Technical certifications like SQL and VBA
M&G Behaviou

Work arrangement
Hybrid