Pension Risk Senior Manager

Nationwide Building Society
Swindon, UK
21 Sep 2019
26 Sep 2019
Contract Type
Full Time
Job description
We need:

•A Senior Manager in the Pension Risk team in our head office in Swindon or London (with some flexibility)

•Salary £ 54,231 - £88,126 a year plus car allowance based on a permanent 35 hours per week contract

•Send in your application by 24th September 2019

Nationwide is committed to providing equality of opportunity in employment, and to developing work practices and policies that support work-life balance. As such we welcome applications from those looking for flexible working and/or job share.

An opportunity has arisen for a senior manager within Treasury. Reporting to the Head of Market and Pension Risk, this is a key role supporting high-profile pension risk deliverables.

The Pension Risk team provides reporting, insight and strategic advice to executive management in relation to the Society's £6bn defined benefit pension fund. They actively interact and engage with teams across Finance & Efficiency, Risk and People & Culture - as well as a number of external stakeholders (e.g. Trustee Board Directors, regulators and advisors).

You'll lead a multi-disciplinary pension risk/finance team and be responsible for all regulatory, internal and external deliverables (e.g. IAS19 accounting, stress testing, capital assessments) that relate to the defined benefit pension fund, as well as managing our external consultants and engaging with the trustees.

You'll also lead on the development and maintenance of our in-house pension risk models to ensure they remain cutting-edge and fit for purpose. You'll provide expertise to the wider department and help to embed control frameworks that provide credibility and assurance to the insight produced.

You'll build effective relationships with key stakeholders and lead the Pension Risk team.
Who we're looking for
As a minimum requirement, you'll have/be:

•Highly numerate, with well-developed analytical skills and educated to degree level

•Experience of line managing colleagues and a proven track record of coaching and developing people

•A qualified pensions actuary and/or experience of working as a pension risk manager for a financial institution

•Understanding of the key risks associated with defined benefit pension funds, including market risks, longevity risk and the capital implications for a financial services provider.

•Knowledge of IAS19 pensions accounting standards and capital regulations

•Experience of developing financial models

•Experience of project management and strong organisational skills

•A proactive mind-set with the ability to think strategically and manage own and a team's workload

•Clear communication skills, in both verbal and written formats

•An ability to understand and analyse financial information and present results to non-specialists

•Possess excellent Microsoft Office skills (including PowerPoint, Excel and Word). Coding experience (e.g. VBA and SAS) would also be useful.

•Are able to work collaboratively across teams and effectively manage stakeholders

•Have a focus on high standards and attention to detail
What you'll be doing
Key responsibilities/accountabilities will be:-

•Lead in the engagement with the trustees of the defined benefit pension funds on matters of investment, funding and covenant.

•Line management of colleagues in the Pension Risk team

•Contribute to Society-wide deliverables such as accounting disclosures, stress testing, capital assessments and financial planning

•Project management, including producing presentations, reporting and ensuring that appropriate internal governance is followed and relevant committees are engaged.

•Provide expertise and challenge in regards to control frameworks in order to maintain strong credibility and assurance within the business and to support the team's key control function responsibilities.

•Production of pension risk management information and insight for regular reporting to internal committees and regulators in respect of the +£6bn pension fund.

•Development and maintenance of in-house pension risk models to ensure these remain fit for purpose.

•Build effective relationships with key stakeholders, including those involved in the supply of data.

Apply now
The extras you'll get
If you put a lot in, it's only fair you should get a lot out. So, if you help us do the right thing for our members, we'll help further your career with us.

As part of our team you'll get:

•Access to training to help you progress and develop your technical skills and career

•Pension scheme where if you pay in 7% we'll top it up to 23%

•Life assurance worth 8x your salary

•30 days' holiday plus bank holidays

•The ability to 'buy' up to 10 days more holiday

•Flexible benefits scheme giving you access to discount vouchers at various retail outlets

•Access to an annual performance related bonus scheme

•Company car cash allowance of £4,656 per year

Work with PRIDE

Why work for us?

At Nationwide we're here for our members and we put their needs first in everything we do. And now, more than ever, two things are helping us go from strength to strength: we put our customers first, and we're known for being open, honest and trustworthy.

We're also the world's largest building society, with communities at the heart of everything we do. We aim to do the right thing for our members which helps set us apart from our competitors. But we need good people to help us do it. People who understand what we believe in, and have the talent and drive to keep us successful.

At Nationwide we have a strong ethic of care, and a genuine concern for each other and our members. We recognise that our employees feel most appreciated when their thoughts and values are respected and considered. We are committed to creating a culture that recognises and truly values our individual differences and identities. If you'd like to be a part of an inclusive workplace where you can be yourself, where your talents are nurtured and you feel empowered to contribute then please apply and help us in building society, nationwide.

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