Job Description
12 month contract - Inside IR35 - Investment Banking
Core accountabilities of role
Advanced level expert to lead work on the Bank's UK Defined Benefit (DB) pension schemes, to include actuarial funding, investment, Trustee accounting, Corporate accounting, administration and vendor management.
Manage medium and large DB projects that arise in the year, which is likely to include merging several DB schemes
Able to autonomously manage all key stakeholders independently, reporting to the Head of UK Pensions, Benefits & Wellbeing
Lead contact and adviser for Heads of HR and CFOs at UK group companies with DB schemes and represent those Group companies to the Professional Trustee
Lead the pension accounting process (IAS19) to support Group HR and local Finance, ensuring timely reporting of balance sheet and P&L numbers, agreeing key financial assumptions with actuaries, Group companies and Group HR and managing market movement issues with the key stakeholders and external auditors
Lead the Professional Trustee relationship ensuring continuing constructive and collaborative engagement.
Lead services to the schemes and trustee to ensure the efficient operation of the schemes and the providers in line with best practice, UK regulatory requirements and Group policies.
Manages third party suppliers, including corporate actuaries, lawyers, company auditors, trustee auditors and administrators, including management of advisor budgets across all UK pension schemes (trustee and corporate).
Member of the Bank's International Pension Plans Committee, and lead management of the IPP provider in Jersey
Support DC Pension Specialist on UK Defined Contribution (DC) Scheme projects, including support for monthly pension contribution reconciliation and DC pension communications.
Management of complex pension employee queries to central mailbox and via internal HR portal. Provision of pension 121s for employees with complex issues on request and provision of pension and support on wider HR matters (such as employee assignments, redundancies etc.)
Technical expert reviewer for work of Head of Pension, Benefits & Wellbeing
Liaising with internal procurement, governance and IT security teams regarding pension team vendor reviews/documentation.
Managing the documentation and annual review of Pension procedures for internal governance purposes.
Knowledge, Skill and Experience
Essential
Extensive experience in the pensions industry
Expert level of DB pensions knowledge
Very good working knowledge of pension tax rules
Very good working knowledge of DB pension accounting
Ability to challenge expert advisers
Strong communication skills for communications to all staff, individuals and key stakeholders in what can be highly technical areas
Project management and ability to oversee and manage teams of third party suppliers
Proficient experience using Microsoft Excel to handle large data sets
Preferred
Working towards or qualified Actuarial qualification or Diploma working towards or qualified Associate of the Pensions Management Institute or other relevant experience.
Carbon60, Lorien & SRG - The Impellam Group STEM Portfolio are acting as an Employment Business in relation to this vacancy.
