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Pension Manager, Risk

Edinburgh, Belfast, Birmingham, Bristol, Leeds, Manchester, Southend on Sea
Competitive salary
Closing date
14 Feb 2024

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Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive.

This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

Join us as a Pension Manager, Risk

  • This is a prominent role that will see you identifying, analysing and quantifying pension risk for the bank
  • With your knowledge and experience, you’ll be supporting the ongoing development, improvement and maintenance of an effective global pension risk management framework
  • You can build on your existing knowledge of pension risk, and advance your career in this exciting, fast paced role

What you'll do

As a Pension Manager, you’ll be making sure that the function’s activities comply with our risk appetite and risk management standards. You’ll support the end-to-end delivery, implementation and on-going improvement of a pension risk management system, facilitating accurate and timely pension risk management and modelling across the bank, and bringing the bank in line with our peers in terms of best practice in this area.

As well as this, you’ll be

  • Managing the engagement with senior management, keeping them informed of key pension risk and longevity or mortality risk issues, and potential outcomes
  • Keeping up to date with the regulatory environment in which we operate and helping to develop and implement our pension risk management framework
  • Making sure that the bank is adequately capitalised for pension risk and reviewing and challenging the triennial valuations assumptions
  • Maintaining, documenting and monitoring the organisation’s policies and approach for pension risk
  • Working in partnership with other members of the team to review and perform calculations and provide analysis and commentary to present to stakeholders
  • Reviewing, challenging and influencing the funding and investment strategies of the trustees

The skills you'll need

We’re looking for a pension risk professional, with strong experience gained from working in UK pension scheme valuation, funding and risk. You’ll ideally have an actuarial qualification.

You’ll also demonstrate:

  • Experience of working within the UK pension framework, including with the interaction between trustees and pension scheme sponsors
  • Independent workload management experience, with the ability to prioritise work, act proactively and delegate effectively
  • Excellent attention to detail
  • Good people and relationship management skills
  • Strong written and verbal communication skills

If you need any adjustments to support your application, such as information in alternative formats or special requirements to access our buildings, or if you’re eligible under the Disability Confident Scheme please contact us and we’ll do everything we can to help.

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