Hybrid Pensions Risk and Compliance Manager

at Illinois Department of Human Services

• Job title: Pensions Risk and Compliance Manager
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: £60,000 per year
• Degree requirement: Professional Certificate
• Tech skills: Cyber Security
• Location requirements: Hybrid, London, United Kingdom

About the role

• Pensions Risk and Compliance Manager responsible for ensuring compliance in pension operations at TfL. Handling regulatory and legislative compliance while managing operational risks and quality issues.

Responsibilities

• Responsible for ensuring Regulatory and Legislative compliance across mainly pensions administration and system activities and change, but also pension scheme finance.
• Enable, evidence and provide assurance, on a regular basis, that the Pension Fund Office Team is operating in an appropriate and controlled manner and that risk is being rigorously managed and quality issues are addressed.
• Designs and implements a thorough and robust compliance framework structure, frequently undertaking independent audit and compliance checks on the activities across Pension operations.
• Creates appropriate tools and frameworks to embed compliance, internal controls and assurance reporting.
• Identifying and mitigating risks as well as escalating matters to the Head of Pensions.
• Works closely with the service delivery and systems teams ensuring technical excellence and a practical approach as well as liaising and leading discussions with the Pensions Regulator in relation to regulatory technical matters and the supervisory activities of the business.
• Identifies process, control improvement & training needs, recognising key improvements to help continually drive quality.
• Manages and maintains the Trustee risk register, Effective System of Governance (ESOG) and assurance documents, attending Trustee meetings accordingly.
• Reviews existing procedures to ensure they meet the current guidelines and are robustly documented and maintained.
• Responsible for creating a data management policy, roll out of appropriate processes and controls for processing data and monitoring adherence in line with Trustee Policies.
• Ensures the Fund fulfills its obligations and is compliant with the General Data Protection Regulation (GDPR) and the Pensions Regulator.
• Represents and is responsible for managing the Pensions Operation’s cyber risk on behalf of the Pensions Team, working with Tech & Data and Cyber security team.

Requirements

• In-depth understanding of the external regulatory environment in relation to occupational DB pensions and the wider operational and control environment.
• Strong knowledge and experience of and working with GDPR legislation.
• Professional qualification from PMI or relevant body.
• Knowledge of Root Cause Analysis (RCA) and preventative action methodologies.
• Experienced in managing risks and issues.
• Experience with internal control design and risk identification
• Experience working within assurance frameworks associated with pension scheme operations.
• Experience of Continuous Improvement through Quality Management principles.

Benefits

• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
• 30 days annual leave plus public and bank holidays
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel