Senior Operational Change Manager – Life Time Annuity page is loaded

Senior Operational Change Manager – Life Time Annuity

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: Senior Operational Change Manager - Life Time Annuity

We are seeking a strategic and experienced Senior Operational Change Manager to lead operational readiness for the launch of a new Life Time Annuity product within our Life business. This pivotal role will shape how Operations supports product delivery, ensuring alignment with business strategy, sales ambitions, and the broader Target Operating Model (TOM).
You will be a confident communicator, capable of influencing senior stakeholders and translating complex change into clear, actionable operational plans that deliver seamless service outcomes. Your remit will span all operational domains—Voice, Complaints, Back Office performance, and supporting functions—leveraging subject matter experts across Customer Services to ensure consistently high standards.
This role is critical to supporting M&G Life’s growth ambitions and may involve onboarding new partners. Your leadership will ensure that our operating model not only meets but exceeds customer expectations for the new Life Time Annuity product.

Role Purpose

To lead and assure operational readiness for the launch and ongoing evolution of the Life Time Annuity product. You will shape the operational model, establish a model office, and ensure seamless integration with business strategy. Acting as a key conduit between Operations, Product, Sales, and Proposition Architecture, you will ensure alignment with the wider TOM.

Key Accountabilities

• Operational Readiness Leadership: Drive end-to-end readiness for the Life Time Annuity launch, ensuring all operational functions are prepared and resourced.

• SLT Engagement & Communication: Provide regular, transparent updates to the Operations and Life Time Annuity project Senior Leadership Team, with a focus on high-impact, critical-path activities.

• Operating Model Design: Support definition and documentation of the operational design blueprint for new products, aligning with existing capabilities and identifying areas for uplift or transformation.

• Impact Assessment & Change Planning: Lead operational impact assessments, identifying risks, dependencies, and mitigation strategies across the service landscape.

• Sales Strategy & Time-to-Market Alignment: Interpret Sales and TTM plans to assess operational implications, ensuring readiness to support commercial goals.

• TOM Integration: Collaborate with Proposition Architecture to translate the broader TOM into actionable operational plans, keeping the Ops SLT fully briefed and aligned.

• Stakeholder Collaboration: Build strong relationships with Product Owners and Senior Product Owners to embed operational considerations early in the product lifecycle.

• Management of two Business Readiness and Change Analysts to support product launch operational readiness.

Skills & Experience Required

• Operational knowledge and experience of Annuity products (preferred).

• Proven experience in operational change management within financial services, ideally in pensions or life insurance.

• Strong understanding of operational functions including customer servicing, complaints, voice, quality, bereavements, and systems support.

• Demonstrated ability to lead cross-functional readiness programmes and influence senior stakeholders.

• Experience designing and implementing operating models for new products or services.

• Excellent communication and stakeholder management skills, with the ability to translate complex change into clear operational impacts.

• Familiarity with regulatory and compliance considerations in pensions and investment products.

• Comfortable working in a matrixed environment with multiple delivery partners and stakeholders.

Job Level: Manager/Expert

Closing Date: 26 August 2025

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.

Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional need,pleaselet usknow by contacting us at: careers@mandg.com

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About Us

M&G plc is a leading international savings and investments business, managing money for around 4.6 million individual clients and more than 900 institutional clients in 38 offices worldwide. As at 31 December 2023, we had £343.5 billion of assets under management and administration. Our purpose is to give everyone real confidence to put their money to work.

With a heritage dating back more than 175 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our three distinct operating segments, Asset Management, Life and Wealth, work together to provide access to balanced, long-term investment and savings solutions.