This secondment is part of our longstanding programme, which has been in place since our inception and is within our Supervision team.
As the regulator of UK occupational pension schemes, we oversee an industry that is changing the way people engage with saving for later life. We regulate the funding of defined benefit (DB) schemes, the governance and administration of all public and private sector, trust-based occupational pensions as well as employer compliance with automatic enrolment.
The pensions landscape is changing and recent market trends have seen increasing challenges for DB schemes through low interest rates which have increased deficits and the cost to employers of adequately funding schemes.
Private sector DB schemes make up a sizeable part of the pensions landscape with around 12 million members and over £1 trillion of assets. Our work involves seeking to ensure that these pension schemes are adequately funded so that members’ benefits have the highest possible chance of being paid in full, that schemes are appropriately governed by competent trustees acting in members’ best interests and that those who seek to avoid their pensions obligations put things right.
We are looking for secondees to join our frontline regulation to help us with our engagement and investigation activity in our Event-driven Engagement and Rapid Response teams. As a secondee, you will need to gain a good grasp of our statutory objectives to protect member benefits, reduce calls on the Pension Protection Fund, improve understanding of the good administration of work-based pension schemes and, where appropriate, minimise the impact on the sustainable economic growth of the employer.
The role requires you to engage with those who provide and run pensions scheme to ensure that they are discharging their duties effectively. Through your oversight and engagement, you will assess the levels of risk, determine the appropriate regulatory response and use the resources and tools available to you to achieve the outcome that you have identified.
Working with a range of professional internal and external advisers, you will plan and deliver strategies for appropriate regulatory interventions to achieve the best possible outcomes. These could be achieved by reaching consensus with relevant parties, but you will also not hesitate to pass your interventions to our Enforcement team to exercise our wide range of powers where necessary and appropriate.
- Formulate and implement outcome focused engagement and intervention strategies across a portfolio of case.
- Use advisers (accounting, restructuring, investment, actuarial and legal) where required, making best use of the resource to deliver your strategy.
- Manage, influence and negotiate with internal and external stakeholders.
- Recognise where we need to use our regulatory powers and act quickly.
- Communicate effectively in writing and orally at all levels.
- Share your experiences with colleagues and peers to ensure we are continually learning from our experiences.
Essential and desirable skills
- Proven track record of leading complex, contentious cases (or equivalent) in a highly pressured environment.
- Strong leadership and motivational skills.
- Proven ability to identify, analyse and assess key risks and mitigation strategies.
- Strong communication skills with an ability to understand a variety of technical issues and articulate them to different audiences concisely and succinctly.
- Strong stakeholder management skills including influencing and negotiation.
- Experience in pensions.
- Exposure to technical issues relating to pension scheme legislation.
- Project management experience.
- Driven, determined and resilient.
- Flexible and open to change.
- Delivers at pace.
- Ability to make evidence-based decisions.
- Ability to analyse and assimilate complex information.
- Ability to juggle competing priorities.
- Innovative in finding solutions.
- Confident and effective communicator / influencer / negotiator at all levels.
- Ability to build and maintain strong working relationships.
Depending on the type of secondment, the funding for your secondment may be either:
- fully reimbursed by TPR
- partially reimbursed by TPR with the balance being funded by the parent organisation
- fully funded by the parent organisation
We will fund reasonable travel and expenses payments while you're carrying out business for TPR.
How to apply
We provide an exciting, supportive and flexible working environment, and are committed to helping our people meet their full potential.
TPR is an inclusive employer and offers equal opportunities to all regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation. TPR welcomes applications from the black, Asian, and minority ethnic (BAME) and lesbian, gay, bisexual, and transgender (LGBT) communities who are currently under represented at TPR.
Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.
Applications will be considered on a part time and job share basis.
Please send your CV and a covering letter, with details of how your experience and skills meet our essential criteria to firstname.lastname@example.org.
If you have any enquiries with regards to this role or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email email@example.com.