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- Tasks: Lead the SIPP team in developing strategies and managing propositions for pension services.
- Company: Join Barnett Waddingham, a leading provider of pension administration and trusteeship services.
- Benefits: Enjoy a competitive bonus, generous pension scheme, and up to 30 days holiday per year.
- Why this job: Make a real impact on customer outcomes while working in a supportive and dynamic environment.
- Qualifications: Strong knowledge of HMRC and FCA rules, with experience in developing pension products.
- Other info: Hybrid working available in Cheltenham or Glasgow; we are a Disability Confident Employer.
The predicted salary is between 43200 - 72000 £ per year.
The SIPP Practice Area provides administration and trusteeship services to self-invested personal pension arrangements for members, both advised and non-advised as well as third party administration. We have a new opportunity for a Head of Proposition and Supplier Management to join our SIPP team. This role can be based in our Cheltenham or Glasgow offices working on a hybrid basis.
Responsibilities:
- Take an active role within the SIPP Management Committee supporting the development of proposition and technical strategy for the SIPP business and managing the delivery of agreed action plans to deliver the business strategy.
- Consumer Duty Outcome Owners for 'Products & Services' and 'Price & Value' leading ongoing proposition and fair value assessments, setting the direction for future proposition activity aligned with these reviews to ensure our propositions continue to provide customers with good outcomes.
- Manage the regular review of Consumer Duty KPIs determining appropriate preventative and corrective action needed to address any potential, developing or actual foreseeable harms to our customers, providing regular attestations to the Consumer Duty Outcome Group on owned outcomes.
- Provide challenge and support to other Consumer Duty outcome owners on their own outcomes, ensuring good outcomes are supported across all aspects of BW SIPP propositions.
- Identify any new risks arising in respect of BW SIPP's propositions and ensure they are addressed in line with BW SIPP's risk appetite and our reputation for strong governance is maintained.
- Ensure existing and new propositions are designed and managed to meet the needs and objectives of customers within identified target markets, including customers with characteristics of vulnerability.
- Identify and promote changes required to propositions to ensure they continue to meet these objectives.
Experience:
- Thorough knowledge of HMRC and FCA rules as they apply to SIPPs.
- Knowledge of the SIPP and SSAS market place is essential.
- Knowledge of the wider pensions market is desirable.
- Experience in developing pension products and delivering to market in line with the business plan.
- Self-starter, highly organised and able to work well with colleagues at all levels in the organisation.
- Confident presenter and strong interpersonal skills are essential.
What's in it for you:
- Competitive discretionary annual bonus
- Generous pension scheme
- Core benefits for you including private medical cover, life assurance, group income protection, and up to 30 days holiday per year with holiday trading
- A comprehensive range of voluntary benefits to suit you (and your family) including an electric car leasing scheme, tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, Sports Allowance - we pay up to 50% of your gym/sports membership (up to £50 pm), travel insurance, paid volunteering, and a broad range of retailer discounts
We are a Disability Confident Employer. If you require reasonable adjustments or want more information on accessibility, please click here.
Head of Proposition and Supplier Management | Cheltenham, UK employer: Barnett Waddingham
Contact Detail:
Barnett Waddingham Recruiting Team
careers@barnett-waddingham.co.uk
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Proposition and Supplier Management | Cheltenham, UK
✨Tip Number 1
Familiarise yourself with the latest HMRC and FCA regulations related to SIPPs. Understanding these rules will not only help you in interviews but also demonstrate your commitment to compliance and governance, which is crucial for this role.
✨Tip Number 2
Network with professionals in the pensions industry, especially those who have experience with SIPP and SSAS products. Engaging in conversations can provide insights into current market trends and challenges, making you a more informed candidate.
✨Tip Number 3
Prepare to discuss your experience in developing pension products and how you've successfully brought them to market. Be ready to share specific examples that highlight your strategic thinking and ability to align propositions with business objectives.
✨Tip Number 4
Showcase your interpersonal skills by preparing to discuss how you've collaborated with various teams in previous roles. This position requires strong teamwork, so demonstrating your ability to work well with others will be key in your discussions.
We think you need these skills to ace Head of Proposition and Supplier Management | Cheltenham, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Proposition and Supplier Management position. Tailor your application to highlight relevant experience in managing propositions and supplier relationships.
Highlight Relevant Experience: In your CV and cover letter, emphasise your thorough knowledge of HMRC and FCA rules as they apply to SIPPs, along with any experience in developing pension products. Use specific examples to demonstrate your expertise in the SIPP and SSAS marketplace.
Showcase Your Skills: Make sure to showcase your strong interpersonal skills and ability to work collaboratively with colleagues at all levels. Provide examples of how you've successfully presented ideas or strategies in previous roles.
Tailor Your Application: Customise your CV and cover letter for this specific role. Address how your background aligns with the company's goals, particularly in relation to Consumer Duty outcomes and ensuring good customer outcomes.
How to prepare for a job interview at Barnett Waddingham
✨Understand the SIPP Landscape
Make sure you have a solid grasp of the SIPP and SSAS market. Familiarise yourself with HMRC and FCA rules as they apply to SIPPs, as this knowledge will be crucial during your interview.
✨Showcase Your Strategic Thinking
Be prepared to discuss how you would support the development of proposition and technical strategy for the SIPP business. Think about examples from your past experience where you've successfully managed delivery of action plans.
✨Demonstrate Consumer Duty Awareness
Highlight your understanding of Consumer Duty outcomes, particularly in relation to 'Products & Services' and 'Price & Value'. Be ready to discuss how you would lead ongoing proposition assessments and ensure good customer outcomes.
✨Exhibit Strong Interpersonal Skills
As a confident presenter, you should be able to communicate effectively with colleagues at all levels. Prepare to share examples of how you've collaborated with teams to address risks and improve propositions.
