Manager Banking & Payments
About the job
- Experience operating banking and payments processes in accordance with predefined procedures and internal policies.
- Ability to deliver quality service and products to customers and stakeholders.
- Ability to support projects through business requirements definition, testing, and implementation.
- Ability to identify, assess, monitor, and manage risks and issues, and resolve control weaknesses, actions, and failures in a timely manner.
- Ability to adapt to change, take initiative, and suggest improvements to work and business processes.
- Complete daily and monthly bank reconciliations.
- Maintain accurate accounting records.
- Monitor cash balances, manage foreign currency balances, monitor regulatory own-funds cash requirements, and provide weekly reporting in accordance with internal policies.
- Manage the settlement of intercompany balances.
- Collate and input electronic bank transfers through the relevant banking systems.
- Monitor and reconcile Client Money accounts to adhere to CASS rules, when required.
- Administer new bank account setups.
- Maintain signatories and mandates for existing bank accounts.
- Deliver quality service and products to customers and stakeholders.
- Support project delivery, including business requirements, testing, and implementation.
- Run the organisation's processes and systems following predefined procedures.
- Demonstrate a positive risk, compliance, and control culture through the identification, assessment, monitoring, and management of risks and issues within the business area, and ensure timely and appropriate resolution of control weaknesses, actions, and failures.
About the company
M&G is a savings and investments company that manages money for individuals and institutions. It offers a range of investment products, including mutual funds, where many investors pool their money to buy a fixed mix of assets chosen by the fund manager. The funds are then managed to try to grow wealth and provide long-term returns, with investors’ money divided into shares or units based on the fund’s rules. M&G differentiates itself through its long history as an asset manager, its status as an independently listed company after the demerger from Prudential, and its focus on serving the UK and European markets with a broad lineup of funds and investment strategies. Its goal is to help people save and invest for the long term by providing access to professionally managed portfolios and investment options that suit different risk tolerances and goals.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1931
Get referred to M&G
See people who can refer or advise you
Simplify's Take
What believers are saying
- H1 2026 net inflows hit £2.4 billion, with £1.0 billion added in July.
- AUM rose to £387 billion by June 2026, up from £374 billion.
- M&G launched a £10 billion note program in May 2026, expanding funding flexibility.
What critics are saying
- UK ground-rent reforms cut H1 2026 profits by £325 million, hitting statutory earnings.
- Citywire reported October 2025 adviser-sales job cuts, signaling distribution cost pressure.
- Daiichi’s equity-method affiliate status ties M&G’s strategy to one concentrated partner.
What makes M&G unique
- Daiichi Life bought 15.7% in September 2026, validating M&G’s dual-model platform.
- M&G launched BPA+ in February 2026, selling £1.7 billion by September.
- M&G’s capital-light earnings reached 80% in H1 2026, sharpening resilience.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Health Insurance
Life Insurance
Parental Leave
Flexible Work Hours
Paid Vacation
Growth & Insights and Company News
6 month growth
-12%1 year growth
-12%2 year growth
-12%M&G has launched a private credit long-term asset fund (LTAF) with £74m of initial commitments. The fund targets UK defined contribution (DC) pension schemes seeking more private markets exposure following the Mansion House Accord. It will channel capital into businesses and projects across the UK and Europe, covering corporate lending and the financing of infrastructure, real estate and other assets. The initial sum includes capital from M&G's £138bn with-profits fund. "Our first LTAF brings to DC pension schemes a private credit capability that M&G has delivered to defined benefit pension schemes and other institutional investors for more than 25 years," said Neil Godfrey, global head of client group at M&G Investments. The fund sits within M&G's £28bn private and structured credit platform, part of its £83bn private markets business.
Five entities sold an 11.05% stake in Sedemac Mechatronics for ₹1,468.83 crore, while domestic and foreign institutional investors bought shares.
Milton Keynes-based Envisics announced it closed its Series C funding round at $100M (approximately €93M). The dynamic holographic technology company previously secured $50M in March, led by Hyundai Mobis, with participation from InMotion Ventures and Stellantis Ventures. M&G Investments led the latest tranche, with existing investor Van Tuyl Companies participating. The funds will accelerate product development and international expansion. Envisics develops holographic technologies for augmented reality heads-up displays (AR-HUDs) in vehicles. The technology projects information onto windscreens whilst adapting to ambient light changes and consuming 50 per cent less power than conventional systems. The company's investor roster now includes Tarsadia Investments, GM Ventures, Hyundai Mobis, InMotion Ventures, Stellantis Ventures, SAIC Motors, Van Tuyl Companies, and M&G Investment.
Pixxel, the planetary infrastructure company, today announced the close of its $100 million Series C funding round, co-led by Temasek and Seraphim, with participation from existing investors. The round brings Pixxel’s total funding to $195 million and signals the company's next phase of growth as it broadens its role across the space-tech value chain.
M&G Investments has launched the M&G (Lux) Fixed Maturity Bond Fund IG 2031, a five-year actively managed fixed-maturity bond fund designed to offer access to euro-denominated income. The strategy will invest at least 60% of its portfolio in investment grade government and corporate debt securities to maintain an average BBB rating, whilst the remaining 40% will be allocated to high-yield bonds. The fund will selectively use credit default swaps to enhance the portfolio's return profile. The fund will be actively managed with a "buy and watch" approach by M&G's co-head of Macro Credit Stefan Isaacs, alongside Matthew Russell, Carlo Putti, and Anjulie Rusius. This launch expands M&G's fixed-maturity bond fund range, which has attracted €1.9 billion across eight launches over the past three years.