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Head of CRO Office

Full Time Risk

Job Description

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders.

We have a great opportunity for a meticulous, organised, efficient person to support the Chief Risk Officer in leading and directing PIC’s Risk Function by effectively collaborating across the business on key risk matters.

Key Responsibilities

Supporting the Chief Risk Officer

  • Support the CRO in directing members of the Risk Senior Team to ensure consistency of messaging and co-ordination of deliverables across the team.  Lead the Senior Management Team meetings, quarterly reviews and team building / strategy days.
  • Manage a small team to assist supporting the CRO
  • Provide ad-hoc assistance and support to the CRO on specific initiatives as required
  • Coordinate risk reporting to Committees and the year-end reporting.
  • Coordinate and mange recruitment for the risk team

Strategic alignment

  • Work with key business stakeholders, including the Chief of Staff, and other Heads of Office to ensure strategic alignment between the Risk Function and the wider business, to deliver the Risk Function Strategy.
  • Develop a pipeline of Risk projects / continuous improvements areas to feed into PIC projects portfolio.

Change Management

  • To effect change by seeking out opportunities to improve processes within the Risk Function, and by enhancing co-ordination and communication both across the Risk Function and between the Risk Function and the wider business.

Team planning & performance

  • Enhance and oversee the intra-year Risk Team planning.
  • Work with the CRO to set Risk’s Functional Objectives, associated KPIs and track team performance against these.

Requirements

Technical

  • Worked within a second line function within the Financial Service sector
  • Knowledge of risk Governance structures
  • Experience in delivering to tight deadlines and Committee reporting

Personal

  • Strong organisational skills, planning and time management skills.
  • Strong written and oral communication skills, with the ability to communicate to stakeholders with a range of backgrounds and seniority levels.
  • Ability to persuade and influence both directly and indirectly
  • Ability to build strong networks and to develop and maintain strong working relationships with key stakeholders across the business.
  • Ability to manage people and other resources effectively

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you’ll have access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection, and much more.

Pension Insurance Corporation
About Pension Insurance Corporation


About PIC:

The purpose of PIC is to pay the pensions of its current and future policyholders.

PIC provides secure and stable retirement incomes through leading customer service, comprehensive risk management and excellence in asset and liability management. At 30 June 2022, PIC had insured 293,400 pension scheme members and had £44.1 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of U.K. defined benefit pension schemes. Clients include FTSE 100 companies, multinationals, and the public sector.

PIC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN 454345). For further information please visit www.pensioncorporation.com

In essence, we are a simple business: we take on assets transferred from defined benefit pension schemes through buy-ins and buyouts invest them, and use the cashflows generated from these investments to pay our policyholders’ pensions. PIC operates in the Pension Risk Transfer Market.

Our Culture:

PIC employs highly skilled individuals who all work to deliver a common purpose, supported by a culture of innovation and a strong set of values. Our success in hiring new people is due to our focus on creating a purposeful and stimulating working environment, where individual contributions are recognised within a collaborative, team-based effort.

Work Benefits:

We want our employees to be appropriately rewarded for their outstanding work, and PIC offers competitive remuneration packages and a generous range of benefits.

These include:

  • hybrid working model
  • competitive pension contributions
  • private medical cover
  • travel insurance
  • season ticket loans
  • access to 24/7 mental health support through an employee assistance programme
  • a Cycle to Work scheme and a dedicated secure cycle space at our London office
  • death in service benefit
  • save as You Earn (“SAYE”) scheme. Allows employees to build up blocks of shares in the Company. The scheme is open to all employees on an annual basis
  • discretionary family leave enhancements including up to 26 weeks maternity and 4 weeks paternity

Diversity and Inclusion:

Diversity of thought is critical to PIC’s success, helping us to deliver our purpose in an innovative way. PIC demonstrably values individuals regardless of background or experience. It is important for us that our people can discuss cultural and other issues that are important to them in a respectful and engaging way.

PIC has been the lead sponsor for the Actuarial Mentoring Programme for the past five years. The initial aim was to retain female actuaries in the profession, and it now has a wider D&I remit. We also have our own mentoring programme, offering opportunities to people across all professions. Our Aspiring Managers Programme has a target of 50% female participants.

In 2021 we created our own Early Careers Academy, which encompasses the 10,000 Black Interns Programme and our own Apprenticeship Programme. Both these programmes focus on attracting diverse talent.

PIC also partners with LGBT Great, Group for Autism, Insurance, Investment and Neurodiversity (GAIN) and RedStart, which is a charity providing financial education to children from disadvantaged areas.

We joined Women in Banking and Finance to provide our female talent with access to learning, networks, and development opportunities, as well as enabling us to learn from other member organisations on how we can continue to keep improving as an inclusive employer.

Workplace Initiatives

Program for parents returning to work after Parental Leave?

Yes

Leadership development programs?

Yes

Mentoring programs?

Yes

Coaching programs?

Yes

Employee-led diversity networks?

Yes

Internal women’s networking groups?

Yes

Open to discussing flexible work arrangements at interview stage?

Yes

No. of weeks paid maternity leave at full salary:

Minimum weeks tenure required to be eligible for paid maternity leave:

No. of weeks paid paternity leave at full salary:

Minimum tenure required to be eligible for paid paternity leave:

Gender pay gap reporting information (2021) (UK):

Average pay gap:

18.4%

Median pay gap:

6.8%

Average bonus gap:

1.1%

Median bonus gap:

23.4%

Signatory of the UK Women in Finance Charter?

N/A

Targets to raise the number of women in leadership?

Yes

Targets to raise the number of BAME individuals in leadership?

N/A

Listed in the Bloomberg Diversity & Inclusion Index?

N/A


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