JOB TITLE: PensionsRisk Manager

SALARY£84,051 - £93,390 

LOCATION(S): Edinburgh

HOURS:Full-time, 35 hours per week

WORKING PATTERN Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy. 

About the opportunity

Wehave an exciting opportunity to join the PensionsRisk team within Liquidity, ALM and Pensions Risk;providing oversight and challenge onthe Group sponsored Defined Benefit Schemes. The Schemescompriseof c£30bn of assets and are collectively some of the largest defined benefit schemes in theUK, offering great opportunityto be involved in a range of activities

Whatyou’llbe doing
This role involves becoming part of a small, cooperative Pensions Risk team. Leading multiple activities, assisting colleagues, and stepping in for the Senior Pensions Risk Manager as needed are included in the scope. Working closely with Group Corporate Treasury and Pensions Risk Management, the role acts as a trusted partner on pension scheme funding, strategy, and risk plans. Delivering clear, evidence-based analysis and offering constructive feedback helps foster sound decision-making.

You’llassistwith internal and externalpensionsstress testing, including work on thePRAICAAPsubmission. Your role will involve assessing how various scenarios affect pension risk within the broader Group strategy. Additionally,you’llhelp develop andmaintainpension risk appetite, regularly check exposures,analysetrends, provide insight and challenge when needed, and support pension model reviews.
A meaningful role in upholding governance and policy standards is provided. Responsibilities include contributing to the annual review and attestation of market risk policies and procedures. External pensions-related IAS19 disclosures are reviewed, and contributions to the assumptions setting process are made. The team is represented in pensions and broader governance forums, sharing expertise and influencing discussions and outcomes.

More broadly,you’llcontribute to strengthening thepensionsrisk frameworksby driving ongoing improvements. You will build strong working relationships with key partners and keep current with changes in the pensions landscape through internal and external networks.You’llalso have the chance toparticipatein wider initiatives across Liquidity andAsset Liability ManagementRisk, collaborating with colleagues to support broader team goals, offeringexposure todevelopdeepunderstandingofotherBankrelatednon-pensionsrisk

Why join us?

From building a truly sustainable business to creating a place where people love to work, we need colleagues who are up for the challenge and can match our pace. People who love to push boundaries, make change happen and challenge the status quo. Sound like you?

Whatwe’relooking for

• At least 5yearshands-on experience of defined benefit pension schemes and their financial risk management, with the capability to apply thisexpertisein a complex environment.
• A relevant professional qualification is essential– for example, a qualified actuary (FIAFFAor equivalent) or CFA.
• Confident communication skills, with the ability to explain technical concepts clearly, provide constructive challenge and influence a range of collaborators, including senior colleagues.
• A proactive, self-starting approach, with experience of managing your own workload, balancing multiplepriorities,and adapting to new challenges.
• Strong analytical and problem-solving capability, with good judgement, attention to detail and the ability to work across multiple workstreams.
  

And any experience of these would be great:

• Experience presenting complex technical information to diverse audiences and building strong, collaborative relationships across teams.

We know thatgreat talentcomes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities andwe’recommitted to creating an environment in which everyone can thrive, learn, and develop.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

Ready to make an impact? Apply today.