At a Glance
- Tasks: Lead governance for a pension fund, ensuring compliance and effective management.
- Company: Join Wiltshire Council, dedicated to securing pension futures for its members.
- Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work environment.
- Why this job: Make a real impact on public sector pensions while working in a dynamic team.
- Qualifications: Degree and relevant qualifications required; experience in pension governance is essential.
- Other info: Ideal for those passionate about compliance and governance in the public sector.
The predicted salary is between 48000 - 72000 £ per year.
The purpose of the Fund is to meet all future pension liabilities of its scheme members, whilst at the same time seeking to minimise the contributions that need to be paid into the Fund by the employer bodies. The level of employer contributions is assessed every three years through an actuarial valuation of the Fund.
Responsibilities
- Delivery of services to support the Council and its partners in longer term corporate compliance, contracting, planning, performance, policy and strategy.
- Focus on the business and service infrastructure of the Council and its partners to ensure effective management and proper compliance.
- Advice and services rendered will generally be accepted as authoritative and recommended practice.
- Be the main point of contact within the Pension Team on all matters relating to pension scheme governance, the Pensions Regulators Code of Practice 14 and all relevant statutory and non-statutory guidance impacting public sector schemes.
- Responsible for all Fund governance arrangements, leading the development and implementation of the Fund's wide-ranging governance related objectives set out in its business plan, reviewing these regularly and ensuring appropriate procedures are in place to measure success of achievement.
- Maintain the Fund’s breaches log and report all breaches to the Pension’s Regulator or Information Commissioner, as appropriate.
- Resolve any fines that may be levied against the Fund as a result of any such breaches and manage the reputational risk for the Committee.
- Report all breaches to the Pension Committee and Local Pension Board, setting out the agreed plans being put in place to resolve any such failings for the future.
- Develop and maintain for the Head of Wiltshire Pension Fund all terms of reference, structure, roles/responsibilities, constitution etc. of the Fund’s Pension Committee and Local Pension Board.
- Ensure the Fund has all key strategy and policy documents in place (e.g., FSS, ISS, Communications policy, Administration Strategy, Discretions policies, etc.) for the Head of Pensions, Pension Committee and Local Pension Board and that these are regularly reviewed and updated where required.
Requirements
- A degree and relevant professional qualification such as (IPPM, PMI, CII) or related discipline (or ability to demonstrate skills at the required level).
- Extensive knowledge of the LGPS Regulations.
- Significant previous experience of providing governance services to a large defined benefit pension scheme, with reference to Committee management and national LGPS governance standards.
- Ability to demonstrate good governance and best practice in a pensions environment through compliance with industry standards and evidence of system and process improvements.
- 5 years’ experience of working in administering a large defined benefit pension scheme.
- Excellent knowledge of defined benefit pension scheme management and the major factors and issues involved in pension service delivery such as the administrative, operational and financial elements.
- Significant knowledge and experience of business planning.
- Extensive knowledge and experience of procurement and compliance standards.
- Excellent knowledge and experience of developing and delivering training programs to a diverse audience.
- Significant experience of working in a complex environment with conflicting priorities and financial issues.
- Experience with Altair LGPS System.
- Working knowledge of Local Government Pension Scheme regulations.
- Proven business presentation skills.
Fund Governance Manager (Wiltshire) employer: Vox Network Consultants
Contact Detail:
Vox Network Consultants Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fund Governance Manager (Wiltshire)
✨Tip Number 1
Familiarise yourself with the Local Government Pension Scheme (LGPS) regulations and governance standards. Understanding these will not only help you in interviews but also demonstrate your commitment to the role and its responsibilities.
✨Tip Number 2
Network with professionals in the pension governance field, especially those who have experience with defined benefit schemes. Engaging with industry experts can provide insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved governance processes in previous roles. Highlighting your ability to implement best practices and compliance measures will showcase your suitability for the Fund Governance Manager position.
✨Tip Number 4
Stay updated on current trends and challenges in pension fund management. Being knowledgeable about recent developments will allow you to engage in meaningful discussions during interviews and show that you're proactive about your professional growth.
We think you need these skills to ace Fund Governance Manager (Wiltshire)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in governance services, particularly within defined benefit pension schemes. Emphasise your knowledge of LGPS regulations and any professional qualifications you hold.
Craft a Strong Cover Letter: In your cover letter, clearly articulate your understanding of the role's responsibilities and how your background aligns with them. Mention specific examples of your previous work that demonstrate your ability to manage governance arrangements effectively.
Showcase Relevant Experience: When detailing your work history, focus on your experience with committee management and compliance standards. Highlight any achievements that illustrate your capability in improving governance practices and managing complex environments.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents for any spelling or grammatical errors. Ensure that your writing is clear and professional, as this reflects your attention to detail and communication skills.
How to prepare for a job interview at Vox Network Consultants
✨Know Your Regulations
Make sure you have a solid understanding of the LGPS Regulations and the Pensions Regulators Code of Practice 14. Being able to discuss these in detail will show your expertise and readiness for the role.
✨Demonstrate Governance Experience
Prepare examples from your previous roles where you successfully managed governance services for defined benefit pension schemes. Highlight any improvements you implemented and how they aligned with best practices.
✨Showcase Your Communication Skills
As this role involves advising various stakeholders, be ready to demonstrate your business presentation skills. Practice explaining complex pension concepts in a clear and engaging manner.
✨Be Ready for Scenario Questions
Expect questions that assess your ability to handle conflicting priorities and financial issues. Think of specific scenarios where you navigated challenges effectively and be prepared to share those experiences.