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Specialist - Pension Administration Secondment

Reporting to: Principal - Policy
Team: Regulatory Policy, Analysis and Advice
Contract type: Secondment
Salary: Funding to be agreed
Location: Brighton
Closing date: 30 September 2019

About us

The Pensions Regulator (TPR) is responsible for protecting workplace pensions in the UK, working with employers and those running pensions to help people save safely for their retirement. We have an excellent office location in the heart of Brighton and have a diverse, lively and professional growing workforce.

We are committed to making TPR a great place to work and doing all we can to support our people to reach their full potential. Join our expanding team for the chance to be a part of the biggest change to pensions in a generation.

Role

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 governance and administration of all public and private sector, trust-based occupational pensions as well as the funding of defined benefit (DB) schemes and employer compliance with automatic enrolment.

The pensions landscape is undergoing a step change. The rise in the number of people saving into pension schemes and initiatives like the pensions dashboard, mean that good standards of administration are more important than ever to ensure that savers can have confidence in the pensions industry.

Our work involves seeking to ensure that we fully understand the functioning of pensions administration sector. We need to have a clear view of the risks in this sector, and a robust strategy for dealing with them, so that savers’ benefits are protected and confidence in pensions is maintained.

We are looking for a secondee to join our policy team, to help us with our engagement, evidence gathering and risk assessment in relation to pension administration. The role requires you to use your specialist knowledge of the market, as well as a network of industry contacts and existing data, to design a framework to assist TPR in assessing the risks in the market. You will also define the evidence required to determine the priority risks for regulatory response and advise on a regulatory engagement strategy.

Responsibilities

  • Inform TPR's priorities for engagement with administrators.
  • Design TPR’s risk assessment framework for administrators.
  • Define the evidence base to be collected in administration risk assessments.
  • Advise on TPR’s administration engagement strategy.

Essential and desirable criteria

Essential

  • At least five years operational experience of pension scheme administration.
  • Client management experience including experience of working with trustee boards, pension boards or scheme managers.
  • Excellent knowledge of best practice industry standards.
  • Good understanding of:
    • the pension scheme market
    • major actors in the market
    • contractual practices for third party administration firms
    • pension administration systems in use across the industry and
    • the key challenges faced by pension scheme administrators

Desirable

  • Experience of both defined benefit (DB) and defined contribution (DC) scheme administration.
  • Experience of using multiple administration systems.

Person specification

  • Proactive and flexible.
  • Ability to prioritise and use initiative.
  • Problem solving and analytical skills.
  • Communication skills at all levels.
  • Personable and a team player.

Salary and benefits

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 recruitmentteam@tpr.gov.uk.

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 zoe.kyle@tpr.gov.uk.