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Pension Administration

Administrator / Pensions Administrator - Level 3

Preston

Job Ref
LPP 20
Location
Preston
Salary
£23,000 starting salary + dependant on experience

An exciting opportunity has arisen for several case workers to join a busy Pensions Administration team. This is an interesting and varied role which will include processing death benefits for members of the Local Government pension scheme and a range of benefits for the blue light (fire and police) pension schemes.

The Organisation is looking for individuals who will enjoy working in a busy, target driven environment and who can work effectively on their own initiative as well as being an effective team player. Processing member benefits will include using a variety of databases, Microsoft packages and payroll systems so you should be confident in the use of IT. You will also be required to carry out detailed mathematical calculations accurately.

Full training in Pensions Administration and relevant systems will be provided so whilst previous experience is advantageous it is not necessary.

As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12.4% employer contributions. Our offices in central Preston are easily accessible by road, rail and public transport.

We offer a 37 hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business’.

This role may suit someone with a Financial Services background with CEMAP qualifications. Pension experience is advantageous but NOT essential.


Key Accountabilities:
• To process and check a wide range of complex pensions case work including, but not restricted to, all aspects of casework relating to 'Blue Light' schemes administered by the Company; the calculation of death benefits, benefit recalculations and compliance checks in respect of HMRC allowances
• Dealing with stage one appeals in respect of the schemes administered by the Company
• To respond to member correspondence relating to the work undertaken within the level 3 Casework Team, again ensuring that service level targets and deadlines are met in these areas
• Ensuring that service level targets and deadlines are met in respect the areas of casework undertaken by the Level 3 Casework Team and that all work is carried out in a timely and accurate manner
• To have a good understanding of current regulations and overriding legislation and to actively maintain an up to date knowledge
• To recognise and support continuous improvement in casework working practices, processes and procedures, assisting the Team Leader to improve and maintain the integrity and accuracy of the pensions administration system.
• To support service provision as appropriate undertaking other duties commensurate with the post
• Liaise with clients, customers and third parties maintaining good relationships and obtaining information in respect of the work undertaken on the Level 3 Casework Team
• Treat information security with the upmost respect, dealing appropriately with sensitive and confidential information within Service protocol/guidelines

The Successful Candidate will have:
• Significant practical working experience in an administration role
• Proven ability to work effectively on own initiative as well as being an effective team player, promoting positive behaviour and attitudes, working flexibly, whilst at all times developing and maintaining good working relationship within the team and the service as a whole
• Proven ability to undertake detailed mathematical calculations accurately
• Ability to use systems and processes relevant to pension payroll and pension administration
• Demonstrable ability to work accurately and to deadlines
• Ability to use Excel and Word to a good standard
• The ability to communicate effectively at all levels, including the ability to communicate complex issues, possessing excellent communication skills
• Commitment to providing a good customer service at all times
• Demonstrable ability to apply and interpret complex regulations, relevant to the casework undertaken on the Level 3 Casework team
• Maintain an understanding and actively support the Company's equality programme, both internally and externally, along with all other corporate policy initiatives, including maintaining an understanding of the breadth of the diversity agenda and embedding good practice

The Organisation is keen to promote a diverse workforce to maximise their ability to provide quality services to all their customers. All applicants who are known to be disabled and who meet the minimum criteria for the role will progress to the next stage of the recruitment process.

Candidates with the relevant experience, qualifications, and job titles of: Pensions Caseworker, Pensions Administrator, Pension Data Administrator, Pension Data Processor, Client Services Executive, Customer Service Executive, Pension Administration Caseworker, Business Support, Financial Services Administrator, Financial Services Support, Financial Services Caseworker may also be considered for this position.

Function
Pension Administration
Status
Full Time
Type
Permanent
Hours
37


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Operations Manager – Pension Administration

Preston

Job Ref
LPP28
Location
Preston
Salary
Competitive

Job description and person specification

LPP provides administration services to many local government pension schemes. This generates action for members of those pension schemes when they retire, join & leave the pension scheme, upon death of a member or when there are changes to personal details (amongst many other things). As such the work of our Operational teams is varied, technical, time critical and high volume.

In this role you will be responsible for workflow & resource planning across a busy, high volume, multi-site administration environment. The successful candidate will play a key role in creating a forward-looking view of work due to be actioned and cross referencing this to available staffing levels & skill sets.

As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12.4% employer contributions. Our offices in central Preston are easily accessible by road, rail and public transport.
We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business’.

Key Accountabilities

• Utilise various internal systems to establish work volumes due over the next week and factor in any deadlines for various special projects (all with differing deadlines)

• Assess available resourcing levels to forecast & predict likely outputs

• Support your team leaders to allocate work to individual staff members looking at the most efficient means of delivering the target with the available skill sets

• Prepare a weekly forecast report for senior managers

• Monitor performance against the forecast daily with the aim to clear all due work with no backlog carry over

• Re-prioritise as needed throughout the working day to ensure targets are achieved and delivered

• Work with local management to maximise outputs (i.e. moving work types & people around the operational teams as required)

• Prepare regular MI showing the forecast vs actual performance and explain differentials

• Constantly look at ways to deliver better service to members of the pension schemes & drive business efficiency

• Liaise with clients / stakeholders to manage expectations and explain delivery of service. This will include attendance at face to face meetings

• Review and improve current processes, systems and ways of working to ensure they are fit for the future

Person Specification

• Experience of a similar role within an operational, task & service orientated business ideally gained within a pension or financial services organisation

• Able to fully understand the operating model, business Service Level

• Agreements and targets and to use these as the driving force behind all planning activity

• Strong management capability with the ability to manage resources effectively
to deliver required results

• Able to create and produce data and MI in an easily understandable format

• Excellent communication skills with the ability to present to clients and stakeholders

• Strong IT skills, particularly MS Excel

• A recognised pension administration qualification would be desirable

• Data analysis expertise and competence to interpret results

• The ability to develop plans over the medium to long term, think strategically and anticipate risks, opportunities and obstacles.
• A willingness to work in line with our values:

• Working together

• Committed to excellence

• Doing the right thing

• Forward thinking

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Pension Administration
Status
Full Time
Type
Permanent
Hours
37 Hours


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Investments

Team Coordinator

London

Job Ref
LPPI
Location
London

Purpose of role

To optimise the efficient operation of the Investment and Risk teams by providing a high-level and proactive executive support service. The team co-ordinator will working closely with the other Executive Assistants to ensure that cover and support service is maintained.

Key Responsibilities
• Proactively support the Investment and Risks teams with admin tasks
• Assist with the processing of invoices in a timely manner
• Organise and book team travel, ensuring that all bookings comply with the travel policy and most cost/time effective travel is arranged
• Meeting scheduling – assist team with meeting bookings, organise refreshments, assist in preparing agenda and documents as required
• Meeting and greeting guests ensuring they get the best customer service experience including the provision of refreshments
• Assist in the purchasing of office consumables and direct incoming and outgoing mailings
• Diary management: Assist in the management and organisation of the team’s diary including all appointments, meetings, etc
• Meet and greet visitors at all levels of seniority and be the first point of contact on their arrival

Person Specification

• Proven Team Co-ordinator experience
• A proactive, self-motivated team player
• Ability to multi-task and prioritise conflicting schedule
• Ability to work to a high level of detail in a faced-paced environment
• Hard working, diligent, consciousness, and professional
• Excellent IT skills

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Investments
Status
Full Time
Type
Permanent


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Client Portfolio Management Analyst

London

Job Ref
LPPI
Location
London

About LPPI

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £16bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilized to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.
Role purpose

The overarching focuses of the role are to:

• Support and work with the Client Portfolio Managerand positively contribute to the Client Portfolio Management business function.

• Work with the wider Strategy Team to form and present our delegated services.

• Partner with the broader LPPI / LPP teams in delivery to clients and enhance LPPI’s offering.

This is not a client facing role. However, the successful candidate will maintain an ongoing knowledge of each client’s portfolio and circumstances. A strong technical knowledge in areas such as investment management, global markets and defined benefit pensions is required. The role will sit within LPPI’s Strategy Team. Strong written and verbal communication skills are essential as is the ability to simplify complex / technical ideas in a concise way.

Strong cross-functional/business collaboration skills are required as the candidate will work with/across multiple teams within LPPI. The ability to absorb large amounts of information and apply to specific requirements, manage multiple projects simultaneously and drive them to completion effectively and represent LPPI’s Client Portfolio Management function internally as well as externally is essential.
This role offers an evolving proposition and the right individual will play a part in helping to shape and define their job.

Responsibilities

• The core focus will be working with the Client Portfolio Manager on our book of UK defined benefit pension scheme clients. Contributing to the growth and development of our broader business across LPPI will also be part of the role.

• Acting as an “internal client” with regards to the setting of standards and shaping LPPI’s offering from a client perspective.

• Contributing to client delivery, including liaising with internal stakeholders and client representatives.

• Contributing to the delivery of reporting and writing investment commentary.

• Checking client deliverables before they leave the building – a keen eye for both numeric and written accuracy is required.

• Performing analyses on a broad range of topics, including asset allocation, portfolio construction, risk management, hedging and implementation of best practices.

• Supporting investment decisions and portfolio outcomes.

• Supporting business development efforts through RFP responses and creation of presentation material.

• Supporting ad hoc research and contribute to articles and white papers on relevant topics of interest.

• Be directly involved in the execution and delivery of client projects.

Knowledge & Competence Requirements

The role holder must be able to demonstrate the following knowledge and competence criteria to provide information about investment products, investment services or ancillary services that are available through LPPI:

• Experience of working with institutional pension fund investors / clients.

• Understanding the key features and objectives of a defined benefit pension scheme. An understanding of the valuation process / liability characteristics is desirable but not essential.

• Understand the key characteristics and associated risks of public and private market asset classes. This includes listed equity, fixed income, private debt, private equity, real estate, infrastructure and hedge fund strategies.

• Understand how financial markets function and how they affect the value and pricing of investment products.

• Understand the relevance of headline economic figures and the impact of national/regional/global events on markets and on the value of investment products.

• Understand the difference between past performance and future performance scenarios.

• Assess data relevant to a client’s investment products i.e. Key Investor Information Documents, prospectuses, financial statements, or financial data.

• Understand relevant fund structures including Special Purpose Vehicles and pooled fund structures.

• Understand issues relating to market abuse, anti-money laundering and general compliance related matters.


Person Specification

• Between 5 – 10 years of relevant industry experience. An asset management / investment consultancy background is preferable.

• Pragmatic flexibility to grow into the role profile as required.

• Excellent communication skills and ability to explain complex topics to non-technical individuals in writing as well as verbally.

• Good understanding of financial markets, and ideally some experience in one or more of the following areas: Pension funds, asset allocation, investment management, derivatives and risk hedging (i.e. Liability Driven Investment).

• FIA, CFA and/or CAIA encouraged but not required;

• Demonstrated record of academic achievement, work ethic, and leadership;

• Ability to work through complex problems and challenges to provide innovative insights;

• To be a proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines.

• Eager and have a willingness to go above and beyond what is typically required on the job and the ability to think critically and make appropriate decisions.

• Conscientiousness: A keen eye for detail and a strong commitment to quality.

• Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.

• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity.

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Investments
Status
Full Time
Type
Permanent


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Senior Equity Analyst

London

Job Ref
LPPI
Location
London

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £16bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilized to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.
We currently have an opportunity for a senior equity analyst to join our team. Reporting to the Portfolio manager, this is a strategic role in shaping the future of our investment team.
As you would expect from a pension organization LPP offer employees access to an excellent pension scheme with up to 12% employer contributions.
We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business. This role will be based out of our London office based in Union street

Role Purpose

Assist in the development, implementation and management of the agreed liquid investments portfolio and particularly the internally managed equity portfolio. Build and stress test, appropriate internal financial models to monitor performance and prepare appropriate corresponding management reports to facilitate decision making forums. Build knowledge and capability across the investments function in order to support the wider team in the monitoring of external equity investment mandates in addition to carrying out other investment administration activities as directed for Corporate Management Team, Investment Committee and Board meetings.

Key Responsibilities

• Actively assist in the development, implementation, on-going monitoring and improvement of the internally managed equity strategy in accordance with the Investment Strategy Statement ensuring that all investments meet the level of expected returns.

• Working with colleagues, contribute to LPPI’s stated objectives by maximising expected returns from liquid assets and ensure equity investments are:

- Consistent with the Fund’s investment aims/expected returns and within acceptable risks.

- Managed by the ‘best of breed’ managers contributing to the manager selection whilst looking for new mandates and continually monitoring and reviewing existing managers against their respective levels of return.

- Placed within appropriate funds which match the LPPI’s investment profile and cash flow requirements.

- Providing value for money by managing the fund’s expense ratio efficiently.

- Improving the fund managers’ accountability and asset transparency.

- Support the wider team in all aspects of investment research, execution, administration and operational activities as directed.

Key Accountabilities

• To monitor the internally managed Equity portfolio as directed by the Investment manager, Equities.

• To build, develop and maintain internal financial models for all direct equity holdings including other equity sector and strategy models as directed.

• To analyse company accounts and financial statements, ensuring all holdings are appropriately stress tested in line with LPPI requirements.

• Prepare and implement all administration, draft reporting, record maintenance (including corporate actions, dividend payments and reinvestments) associated with the concentrated Equity Portfolio.

• To contribute to the due diligence process and prepare the appropriate accurate documentation to facilitate IC members decision making.

• To assist the wider team in the monitoring of external equity portfolios.

• Provide all necessary accounting and administration information to the Investment Operations and Finance Team as directed in order to aid the preparation of annual accounts and Committee reporting.

• Act as key liaison for all internal and external auditing matters arising in relation to the concentrated Equity Portfolio.

• To contribute to the quarterly and annual Equity Portfolio reporting process and other reports as required and/or directed by senior team members.

• To continually develop both knowledge and skill in the professional investments arena by maintaining up to date information in relation to market development and regulation changes, through the attendance of external seminars and other professional courses as necessary.

• Actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives, as directed


Personal characteristics

• To be a proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines.

• Eager and have a willingness to go above and beyond what is typically required on the job and the ability to think critically and make appropriate decisions.

• To share our passionate about equity investing.

• To demonstrate a positive attitude on a daily basis.

• Conscientiousness: A keen eye for detail and a strong commitment to quality.

• Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.

• Capability to develop and follow an investment process based on sound principles and demonstrable conformance therein.

• Knowledge and skills to build a fully integrated corporate financial model to support the due diligence process.

• The ability to build positive and productive working relationships with fund managers and other external partners as required.

• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity.


Experience

• Ideally two years equity analytical experience gained within a relevant and similar organisation.

• Degree level educated ideally gained within a business, finance and/or investment related discipline.

• Ideally CFA qualified or working towards completion of CFA or other related qualification and willing to study further as necessary.

• Fully versed in equity valuation techniques.

• Good level of numerical, analytical and report writing skills including a working knowledge of MS office tools to assist in the communication of key messages and to facilitate discussions and decision making.

• Experience of building professional network and seek business opportunities within respective asset classes.

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Investments
Status
Full Time
Type
Permanent


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Finance

Assistant Financial Controller - Treasury Controls

London

Job Ref
LPP
Location
London

Job Purpose

Reporting into the Senior Financial Controller this role aims to deliver a high quality, efficient finance and accountancy service to the organisation and its customers. The role encompasses day to day management of treasury, banking and cashflow monitoring. This includes principal responsibility for treasury management and cashflow monitoring for Pension Funds. Also, responsibility for financial controls over payments made by the Pensions Administration business and monitoring and reporting of financial controls for LPP Group.

Key Responsibilities

• Responsible with the Senior Financial Controller for the delivery of a robust control environment.

• Lead responsibility for treasury management whilst ensuring appropriate banking and treasury controls and procedures are in place. Complete daily treasury management tasks and ensure operation of cash management controls. Produce cashflow reporting and ensuring efficient use of cash and liquid resources. Making sure bank accounts are reconciled daily, in conjunction with Assistant Accountants.

• Responsible for effective relationship management and development with LPP’s bankers.

• Responsible for ensuring pensions payments and lump sums are correctly accounted for in the accounting system and reconciled to the Pensions Administration system.

• Establish end to end financial control over the Pensions Administration business. This includes documenting processes, identifying and enforcing controls.

• Produce financial control reports, covering key KPIs for the Finance teams with commentary to be reported to the Executive Committee and Audit Committees.

• Accountable for the effective management of junior Finance team members including organising workflow in order to meet deadlines. Conducting performance appraisals and ensuring progress against learning and development plans.

• Collaborate with the Senior Financial Controller in the proactive management of internal and external auditors. Making sure the audit timetables are adhered to, key deadlines are met, and audit queries are dealt with promptly and in line with best practice.

• Ensure adherence to Finance procedures, processes and controls. Make sure, there is periodic review and update of Finance processes. Report on compliance with financial processes and controls and highlight any areas of risk to the Head of Financial Control.

• Ensure there is adequate business continuity plans in place for the Finance function and all payment cycles.

• Carry out any other duties commensurate with the post and where appropriate take additional responsibility when cover needs to be maintained.

• Actively support the LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives, as directed.

Person Specification

The post holder will demonstrate:

• Qualified accountant, CCAB or equivalent qualification with at least 1year post qualification experience in a Finance function.

• Demonstrable experience and knowledge of establishing and implementing financial processes and controls.

• Demonstrable experience of coordinating day to day staff workloads. Conduct effective performance management including development of Finance team members against learning and development plans.

• Thorough understanding of financial systems and controls surrounding Pensions Administration, Investments, Banking and Treasury.

• Demonstrable knowledge/experience of accounting/auditing for Pension Schemes would be desirable.

• Confidence in handling and interpreting complex numerical data and presenting in a clear and concise manner.

• Highly developed analytical skills with the ability to present arguments to support and/ or challenge a proposal.

• Effective communication skills including the ability to influence and build good working relationships at all levels both internally and externally.

• Good level of numerical, analytical and report writing skills including a working knowledge of MS office tools to assist in the communication of key messages and to facilitate discussions and decision making.

• A proactive, self-motivated team player who has the ability to manage a high personal workload with multiple deadlines and continually strive for improvements in quality, efficiency and presentation.

• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPP’s commitment to combating discrimination and promoting equality of opportunity.


Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Finance
Status
Full Time
Type
Permanent


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HR

Corporate Internal Communications Partner

London

Job Ref
LPP
Location
London

The Local Pensions Partnership is a leading pensions services provider administering the pensions of some 580,000 members and 1,600 employers in public sector pension schemes.

Taking care of people’s journeys up to and into retire¬ment is a huge responsibility and it’s one we take very seriously. As a young, enterprising and considerate business, LPP is building on the outstanding work of our legacy business¬es to deliver a sustainable, consistent and sector-leading pensions services business.

We currently have an opportunity for a Corporate Internal Communications Partner to join our team. Reporting to the HR Director you will focus on delivering effective internal communication strategy.

As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12% employer contributions.

We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business’. This role could be based in Preston, Lancashire, London or there is a possibility it could be home based for the right candidate.

Purpose:

Effectively communicate LPP’s corporate story, objectives and outcomes to LPP employees through the internal communications strategy. Working closely with the HR Internal communications Partner and Marketing to increase employee engagement and ensure employees are talking with ‘one voice’ about LPP.

Key Responsibilities:

• Develop, and execute LPP’s Internal Communications strategy and own the processes and procedures manual keeping it relevant and up to date.

• Implement LPP Intranet strategy through management and maintenance, facilitating content input from content owners, ensuring activities and other engagement elements are up to date.

• Support the implementation of the CEO & Executive Committee internal communication programme developing narrative, announcements and gaining appropriate sign off. Working with Executive Directors and Senior Manager., develop quarterly Strategic Update briefing notes, slides and summary intranet documents for employees.

• Design and implement a monthly strategic message toolkit for senior leaders and all employee news-letter for appropriate cascade and publishing.

• Develop appropriate communications announcing senior appointments and business/industry award wins

• Proactively design and implement a range of internal Corporate events working with the Executive Assistants on logistics support and feedback mechanisms.

• Work with Marketing team to identify and alter external messaging for an internal audience such as a summary of the annual accounts.

• Continually review the internal communication strategy, vehicles and methods, developing proposals for change based from feedback from staff and managers.

• Assist with the design, logistics and feedback of the Senior Managers workshops to ensure appropriate collegiate working and employees are kept updated with developments.

• Work as a team with the HR Internal Communications Partner providing cover and supporting each other in the delivery of the internal Communications agenda.

Person Specification:

• Degree educated, English and/or modern communications preferred. Demonstrable equivalent level of skills and knowledge acquired through experience will be considered.

• Relevant experience gained within an internal communications, HR or similar function ideally supporting senior management communications programmes.

• Highly effective writing skills, including the ability to build collegiate and effective relationships at all levels and highly effective influencing skills.

• Knowledge of effective communication vehicles and how they support a diverse audience.

• Develop a range of tools to support the communications agenda to maximize effectiveness.

• Good working knowledge of the pensions and investment market preferred and ideally a knowledge of both the Public and private sector.

• Highly motivated, self-starter with the ability to prioritize own workload and multi-task.

• Demonstrable evidence of excellent customer service at all levels.

Reasonable adjustments will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
HR
Status
Full Time
Type
Permanent


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Employer Risk

Pension Risk Assistant Manager (Employer Risk)

London

Job Ref
LPP
Location
London

Purpose

We currently have an opportunity for an experienced risk professional to join our team. Reporting to the Senior Employer Risk Manager you will focus on delivering a high quality employer risk advisory service to LPP clients and customers with a specific focus on pensions.

Key Responsibilities

• Ensure customers receive focussed and relevant advice and reports developing effective, strong client relationships

• Interpret/analyse complex financial and actuarial data and produce recommendations accordingly

• Interpret and advise on legal issues within a pension’s regulation-based framework

• Manage a small team of staff, underlying systems and processes

• Ensure quality control systems are developed and applied across the team’s remit

Key Accountabilities

• Ensure performance targets are met as set out in client contracts

• Manage, motivate and develop staff to provide high quality analysis and client reports

• Manage complex databases and systems ensuring these are accurate and up to date

• Draft high-quality reports for customers both internal and external, drawing on data and analysis managed/carried out within the team

• Successful delivery of miscellaneous projects, for example valuations, large scale data migrations, ad-hoc pieces of work requested by clients

• Keep abreast of developments within multiple arenas which are relevant to the team’s remit

• Maintain and develop positive working relationships with colleagues and external agencies through regular contact, attendance at meetings, managing expectations etc.

Person Specification

• Excellent communication skills, with ability to build positive relationships

• Excellent numerical, analysis and IT skills

• A full understanding of risk management principles

• Ability to engage with, and influence, senior finance, legal and actuarial professionals

• Experience of working within regulatory frameworks

• Good analytical, logical thinking, and problem-solving skills, including the ability to analyse complex financial data, and propose strategic approaches to complex issues

• Demonstrate positive behaviour, acting as a role model to staff through positive and consistent behaviours and approach in line with LPP strategic values of:
Working together
Committed to excellence
Doing the right thing
Forward thinking

• Ideally degree educated in a numerical subject; a recognised accountancy qualification would be advantageous

• Local government pension knowledge is desirable but not essential

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Employer Risk
Status
Full Time
Type
Permanent


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Pension Risk Assistant Manager (Employer Risk)

Preston

Job Ref
LPP
Location
Preston

Purpose

We currently have an opportunity for an experienced risk professional to join our team. Reporting to the Senior Employer Risk Manager you will focus on delivering a high quality employer risk advisory service to LPP clients and customers with a specific focus on pensions.

Key Responsibilities

• Ensure customers receive focussed and relevant advice and reports developing effective, strong client relationships

• Interpret/analyse complex financial and actuarial data and produce recommendations accordingly

• Interpret and advise on legal issues within a pension’s regulation-based framework

• Manage a small team of staff, underlying systems and processes

• Ensure quality control systems are developed and applied across the team’s remit

Key Accountabilities

• Ensure performance targets are met as set out in client contracts

• Manage, motivate and develop staff to provide high quality analysis and client reports

• Manage complex databases and systems ensuring these are accurate and up to date

• Draft high-quality reports for customers both internal and external, drawing on data and analysis managed/carried out within the team

• Successful delivery of miscellaneous projects, for example valuations, large scale data migrations, ad-hoc pieces of work requested by clients

• Keep abreast of developments within multiple arenas which are relevant to the team’s remit

• Maintain and develop positive working relationships with colleagues and external agencies through regular contact, attendance at meetings, managing expectations etc.

Person Specification

• Excellent communication skills, with ability to build positive relationships

• Excellent numerical, analysis and IT skills

• A full understanding of risk management principles

• Ability to engage with, and influence, senior finance, legal and actuarial professionals

• Experience of working within regulatory frameworks

• Good analytical, logical thinking, and problem-solving skills, including the ability to analyse complex financial data, and propose strategic approaches to complex issues

• Demonstrate positive behaviour, acting as a role model to staff through positive and consistent behaviours and approach in line with LPP strategic values of:
Working together
Committed to excellence
Doing the right thing
Forward thinking

• Ideally degree educated in a numerical subject; a recognised accountancy qualification would be advantageous

• Local government pension knowledge is desirable but not essential

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Employer Risk
Status
Full Time
Type
Permanent


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Compliance

Compliance Monitoring Officer

London

Job Ref
LPP
Location
London

The Local Pensions Partnership is a leading pensions services provider administering the pensions of some 580,000 members and 1,600 employers in public sector pension schemes.

Taking care of people’s journeys up to and into retire¬ment is a huge responsibility and it’s one we take very seriously. As a young, enterprising and considerate business, LPP is building on the outstanding work of our legacy business¬es to deliver a sustainable, consistent and sector-leading pensions services business.

We currently have an opportunity for a Compliance Monitoring Officer to join our compliance team. This role will be reporting into the Head of Compliance & MLRO.

As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12% employer contributions.

We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business.


Role Purpose

The Compliance Monitoring Officer will be responsible for undertaking, managing, and recording Compliance Monitoring reviews, while assisting in the development and maintenance of the Compliance Monitoring Plan. Reporting to the Head of Compliance & MLRO, but working closely with the Investment Compliance Officers, the role will support the wider responsibilities of the Compliance team and will be expected to work closely with all areas of the regulated investment business, promoting a positive compliance culture throughout.


Role Responsibilities

• Further develop the Compliance Monitoring framework and methodology, including the processes and procedures to manage the monitoring requirements, and the development and use of specific computerised applications as appropriate;

• Plan and conduct Compliance Monitoring reviews and policy testing in accordance with the Compliance Monitoring Plan to provide assurance over key control effectiveness, Conduct Risk awareness, and adherence to company policies, procedures, and relevant FCA regulations;

• Agree actions with management and present findings in a clear and concise manner;

• Ensure business knowledge, processes and controls are accurately and proportionately assessed against regulatory and internal compliance standards;

• Assist and make recommendations to the Head of Compliance with the ongoing development, maintenance and delivery of a risk-based Compliance Monitoring Plan and regulatory procedures;

• Produce accurate and timely reports in respect of Compliance assurance activity;

• Be an advocate for increasing compliance awareness and work with the Head of Compliance to continually increase awareness across the business.


Knowledge & Competence Requirements

The role holder must be able to demonstrate the following knowledge and competence criteria:

• Previous experience in financial services, ideally in Compliance or Risk (essential)

• Working knowledge of FCA Regulations, in particular SYSC, COLL, FUND (essential)

• Compliance monitoring experience (essential)

• Educated to degree level (desirable)

• Compliance Qualifications e.g. CISI Diploma or equivalent (desirable)

• [Please note this is not a KYC position]


Person Specification

• Highly developed analytical skills and the ability to present reasoned and convincing arguments to support and/or challenge a proposal;

• Excellent written and verbal communication skills including the ability to influence and build good working relationships at all levels both internally and externally.

• Excellent level of numerical, analytical, ICT, and report writing skills to assist in the communication of key messages and to facilitate discussions and decision making;

• Excellent presentation skills;

• Resilience in the face of challenge from Senior stakeholders;

• Excellent presentation skills;

• Ability to work independently and pro-actively take ownership for own workload;

• Good time management, and attention to detail.

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Compliance
Status
Full Time
Type
Permanent


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Market Risk

Investment Risk Analyst

London

Job Ref
LPP
Location
London

Purpose of role

• Work as a member of the investment risk team at LPP

• To measure, monitor, analyse and report investment risks (market, liquidity, counterparty credit, leverage, valuation risks etc.) for funds managed by LPP and for the Pension Clients’ portfolios

• To maintain and enhance investment risk data, models, systems and reporting processes for LPPI’s investments and funds in Equities, Fixed Income, Credit, Private Equity, Real Estate, Infrastructure etc

• To maintain investment risk reporting and procedures to meet LPPI’s regulatory requirements as an Alternative Investment Fund Manager


Key Responsibilities

• Develop and maintain a high standard of investment risk analysis and reporting across various asset classes at investment, fund and client portfolio levels

• Maintain and enhance data, modelling and reporting systems & workflows for investment risk processes

• Prepare investment risk analysis and Management Information for LPPI’s various committees, internal stakeholders and regulatory reporting

• Work with senior members in the team to implement enhanced risk & quantitative models, risk systems and automated reporting workflows


Person Specification

• Educated, preferably master’s level, in Mathematics, Finance or related Quantitative discipline

• Two years plus years of relevant work experience in investment risk /market risk or quantitative analysis in financial services industry

• Good quantitative and programming skills with proficiency in Excel VBA and in R or Python programming is required. Experience in databases is highly desirable

• Good understanding of return and risk characteristics of various asset classes, quantitative modelling and time series analysis

• Highly developed numerical, analytical and report writing skills

• A proactive, self-motivated team player

• A lateral thinker with excellent problem solving and organisational ability

• Highly effective communication skills including the ability to build good working relationships


Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work

Function
Market Risk
Status
Full Time
Type
Permanent


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Senior Investment Risk Analyst

London

Job Ref
LPP
Location
London

Purpose of role

• Work as a member of the investment risk team at LPP

• To measure, monitor, analyse and report investment risks (market, liquidity, counterparty credit, leverage, valuation risks etc.) for funds managed by LPP and for the Pension Clients’ portfolios

• To maintain and enhance investment risk data, models, systems and reporting processes for LPPI’s investments and funds in Equities, Fixed Income, Credit, Private Equity, Real Estate, Infrastructure etc

• To maintain investment risk reporting and procedures to meet LPPI’s regulatory requirements as an Alternative Investment Fund Manager


Key Responsibilities

• Develop and maintain a high standard of investment risk analysis and reporting across various asset classes at investment, fund and client portfolio levels

• Maintain and enhance data, modelling and reporting systems & workflows for investment risk processes

• Prepare investment risk analysis and Management Information for LPPI’s various committees, internal stakeholders and regulatory reporting

• Work with the Head of Investment Risk to implement enhanced risk & quantitative models, risk systems and automated reporting workflows


Person Specification

• Educated, preferably master’s level, in Mathematics, Finance or related Quantitative discipline

• 4 years plus years of relevant work experience within Investment Risk in asset management industry

• Good quantitative and programming skills with good proficiency in Excel VBA and experience in using Bloomberg. Proficiency in languages like R or Python and in databases is highly desirable

• A sound understanding of return and risk characteristics of various asset classes

• Highly developed numerical, analytical and report writing skills

• A proactive, self-motivated team player

• A lateral thinker with excellent problem solving and organisational ability

• Highly effective communication skills including the ability to build good working relationships


Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Market Risk
Status
Full Time
Type
Permanent


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Actuarial & Funding Risk Graduate

London

Job Ref
LPPI
Location
London

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £16bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilized to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.
We currently have an opportunity for a Graduate in the Actuarial & Funding Risk team reporting into the in-house Actuary
As you would expect from a pension organization LPP offer employees access to an excellent pension scheme with up to 12% employer contributions.
We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business. This role will be based out of our London office based in Union street

Purpose

The graduate will:

• Work within, assist and support the actuarial and funding risk team

• Contribute to the development of in-house funding (asset and liability) risk modelling

• Produce and continue to develop actuarial and funding risk reporting for LPPI clients

• Assist to enhance overall solvency, investment and funding risk management analysis and reporting

• Provide support to the wider risk, investment risk and investment strategy teams to maintain and enhance risk data, models, systems and reporting processes

• Assist the risk team working with clients’ Fund Actuaries; including for example with analysis, design and implementation of risk adjusted contribution requirements, where required

• Abide by any training agreements issued by LPP Training and Development

Key Responsibilities

• Work with team members to deliver actuarial and funding risk modelling, analysis and reporting for LPPI’s pension fund clients and stakeholders

• Assist with and support the maintenance and continual development of funding risk modelling, analysis, processes and reporting

• Assist the team to maintain funding risk data, systems and reporting infrastructure

• Keep up to date with relevant actuarial, regulatory and financial markets matters; in particular, LGPS regulations and developments

• Assist as required with communication of relevant matters to clients and stakeholders

• Develop technical skills and knowledge in relation to the role

• Gain knowledge of systems and processes through application on the job

• Carry out tasks and responsibilities with accuracy and efficiency, demonstrating high levels of productivity and attention to detail

• Participate in debate, not only following but understanding direction and carrying out tasks in a business context

• Participation in wider industry experiences, such as external briefings on industry matters, business line specific events with peers and subject matter experts

• Develop confidence and skill in building relationships; being approachable, flexible and displaying high levels of interest and engagement

Person Specification

The successful candidate should be committed to LPP’s values and will demonstrate the following qualities:

• At least a 2(i) degree in Mathematics/Finance/Actuarial Science/Sciences or equivalent

• To have started the actuarial qualifications would be attractive but not essential

• Demonstrable interest in working within risk management

• function in pension fund industry

• Ability to work under pressure to tight deadlines, prioritise work effectively, evidence strong time management and deliver work to a consistent standard of excellence

• Demonstrable lateral thinking, problem solving, communication and organisational skills including the ability to build good working relationships

• Capability to perform research and analysis, and present clear and actionable summaries of findings

• Well-developed numerical, analytical and report writing skills

• Adaptable and flexible

• A proactive, self-motivated team player


Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

LPP will consider supporting the completion of recognised Actuarial Qualifications and support for relevant Continuing Professional Development

Function
Market Risk
Status
Full Time
Type
Permanent


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Investment Risk Graduate

London

Job Ref
LPPI
Location
London

Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £16bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilized to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.
We currently have an opportunity for a Graduate in the Investment risk team reporting into the Head of Investment Risk
As you would expect from a pension organization LPP offer employees access to an excellent pension scheme with up to 12% employer contributions.
We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business. This role will be based out of our London office based in Union street

Purpose of role

• Work as a member of the investment risk team at LPP

• To measure, monitor, analyse and report investment risks (market, liquidity, counterparty credit, leverage, valuation risks etc.) for funds managed by LPP and for the Pension Clients’ portfolios

• To maintain and enhance investment risk data, models, systems and reporting processes for LPPI’s investments and funds in Equities, Fixed Income, Credit, Private Equity, Real Estate, Infrastructure etc

• To maintain investment risk reporting and procedures to meet LPPI’s regulatory requirements as an Alternative Investment Fund Manager

Key Responsibilities

• Develop and maintain a high standard of investment risk analysis and reporting across various asset classes at investment, fund and client portfolio levels

• Maintain and enhance data, modelling and reporting systems & workflows for investment risk processes

• Prepare investment risk analysis and Management Information for LPPI’s various committees, internal stakeholders and regulatory reporting

• Work with senior members in the team to implement enhanced risk & quantitative models, risk systems and automated reporting workflows


Person Specification

• Educated, preferably master’s level, in Mathematics, Finance or related Quantitative discipline

• Strong interest and/or project & internship experience in quantitative analysis or risk functions in financial services industry

• Good quantitative and programming skills, preferably in R or Python programming. Experience in databases and Excel VBA is highly desirable

• Strong interest and understanding of return and risk characteristics of various asset classes, quantitative modelling and time series analysis

• Highly developed numerical, analytical and report writing skills

• A proactive, self-motivated team player

• A lateral thinker with excellent problem solving and organisational ability

• Highly effective communication skills including the ability to build good working relationships


Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.

Function
Market Risk
Status
Full Time
Type
Permanent


Share this vacancy

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