Pension Risk and Governance Manager

Job Description

Job Title: Pension Risk and Governance Manager – 24-month FTC

Location: Frimley, Surrey. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role.

Salary: £50,000 + depending on skills and experience

What you’ll be doing:

• Development and ownership of the Risk Management Framework for all UK pensions schemes, oversight of governance and assurance plans to ensure an effective system of governance is in place
• Ensuring the Risk Management Framework addresses the requirements set by external parties, such as governance arrangements set by the Pensions Regulator and internal BAE Systems policies and procedures
• Overseeing and driving the agenda for risk meetings with Trustees of each pension scheme, working collaboratively with stakeholders to ensure mitigating actions are in place and monitored
• Responsible for the aggregation of risk documentation and accompanying commentary, this will include risk registers for each scheme and detailed risk reviews as required
• Attending Trustee meetings to present and facilitate discussions on risk management as required
• Acting as a key contact for outsourced service providers in relation to any assurance work carried out
• Oversight and management of the Pensions Assurance programme tracking progress of any pension scheme recommendations raised from any assurance work carried out, including items raised from Internal Audit

Your skills and experiences:

Essential:

• Auditing, Governance, and Assurance experience, with a good understanding of policies and processes
• Risk Management Proficiency, capable of articulating frameworks and monitoring mechanisms
• Effective Communication and Stakeholder Engagement, with the ability to build and influence positive relationship

Desirable:

• Experience of work in the pensions industry to enable the identification and adoption of good practice and governance and assurance processes
• Knowledge of the governance requirements set out by the Pensions Regulator, codes of practice and GDPR requirements

Benefits:

You’ll receive benefits including a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. You’ll also have access to additional benefits such as flexible working, an employee assistance programme, Cycle2work and employee discounts – you may also be eligible for an annual incentive.

The Pensions Finance team:

Join our dynamic team and leverage your existing experience to manage and oversee the governance requirements large UK pension schemes. This role offers a unique opportunity to be responsible for shaping the stewardship of risk management and driving change to enhance processes. You’ll be part of a small, close-knit team within the larger pensions department, reporting directly to the Head of Pensions Finance. You will have the opportunity to work with the Trustees of the pension schemes, with exposure with senior management and take on an exciting role with a broad range of responsibilities.

Why BAE Systems?

This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome candidates from all backgrounds and particularly from sections of the community who are currently underrepresented within our industry, including women, ethnic minorities, people with disabilities and LGBTQ+ individuals. We also want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

Please be aware that many roles working for BAE Systems will be subject to both security and export control restrictions. These restrictions mean that factors including your nationality, any previous nationalities you have held, and your place of birth may limit those roles you can perform for the organisation.

Closing Date: 28th October 2024

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

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