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For Companies At a Glance
- Tasks: Lead the launch and management of a new SIPP offering while ensuring compliance and governance.
- Company: Join a dynamic UK-based team within a global financial services firm.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact in the pension industry and support members' financial futures.
- Qualifications: 10+ years in pensions/SIPPs with strong expertise in tax and investment operations.
- Other info: Collaborative environment with a focus on continuous learning and development.
The predicted salary is between 36000 - 60000 £ per year.
Position Details
We are seeking an experienced professional to support the expansion of UK-specific financial services, with a focus on launching and managing a new SIPP (Self-Invested Personal Pension) offering. This is an exciting opportunity to join a small UK-based team while collaborating closely with a global group. The successful candidate will also join the board of the corporate trustee for the new SIPP scheme and play a central role in its oversight, compliance, and governance, always acting in the best interests of scheme members.
The ideal candidate will have strong market knowledge of pension products and extensive expertise in SIPP operations, including trustee management, contributions, relief at source, reporting, due diligence, transfers, and processes related to both the accumulation and decumulation phases of pension schemes.
This position operates on a hybrid working model, with a London office base.
Key Responsibilities
- Act as director of the corporate trustee, exercising trustee powers in line with the trust deed and rules.
- Contribute expert input on SIPP matters at governance meetings.
- Support the business launch by establishing and maintaining processes to manage SIPP operations throughout the full lifecycle (accumulation and decumulation).
- Foster positive outcomes for members by developing a SIPP-specific consumer duty dashboard.
- Monitor and report on compliance with all relevant legislation, regulation, and guidance. Develop and maintain reports, controls, and processes to identify and address areas for improvement.
- Ensure correct administration of the scheme, meeting all key performance indicators, service standards, and regulatory reporting requirements.
- Oversee member communications and ensure timely, accurate reporting to HMRC and other relevant bodies.
- Manage the financial health of the scheme, including oversight of automated and manual processes for asset and cash transfers.
- Establish and maintain systems and controls for retirement benefit calculations, including drawdown and crystallisation.
- Identify operational trends and issues, prepare business requirements, and manage implementation projects.
- Lead training and development for staff impacted by SIPP operations, ensuring expertise remains up to date.
- Carry out any other reasonable duties related to SIPP administration and oversight.
Qualifications
- Bachelor’s or advanced degree in Finance, Economics, Business Administration, or a related field, or equivalent work experience.
- Industry-recognised qualifications in pensions/SIPPs and accounting (preferred).
- At least 10 years of experience in the SIPP or pensions services industry.
- Significant expertise in pension tax and investment operations, including drawdown calculations and compliance with relevant reporting requirements (e.g., PCL, UFPLS, FAD, PRAS, SIPPCOM100, ISA10, JISA/ISA, etc.).
- Strong interpersonal, verbal, and written communication skills.
- Proficiency in Microsoft Word, Excel, and other common business technologies.
SIPP Senior Product Specialist employer: CPL
Contact Detail:
CPL Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SIPP Senior Product Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and pensions industry. Attend events, webinars, or even local meet-ups. The more people you know, the better your chances of landing that SIPP Senior Product Specialist role.
✨Tip Number 2
Show off your expertise! Prepare to discuss your knowledge of SIPP operations and pension products in detail during interviews. Use real-life examples to demonstrate how you've tackled challenges in the past. This will help you stand out as a candidate who truly understands the field.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on articulating your experience with compliance, governance, and member communication, as these are key aspects of the role.
✨Tip Number 4
Apply through our website! We want to see your application come through directly. It shows you're genuinely interested in joining our team and helps us keep track of your progress. Plus, it’s super easy to do!
We think you need these skills to ace SIPP Senior Product Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the SIPP Senior Product Specialist role. Highlight your experience in pension products and SIPP operations, as well as any relevant qualifications. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your expertise can contribute to our team. Be sure to mention your understanding of compliance and governance in the SIPP space.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples to demonstrate how you've improved processes or outcomes in previous roles. We love seeing how you’ve made a difference in your past positions.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy!
How to prepare for a job interview at CPL
✨Know Your SIPPs Inside Out
Make sure you brush up on your knowledge of SIPP operations and pension products. Be ready to discuss specific regulations, compliance issues, and the lifecycle of pensions, from accumulation to decumulation. This will show that you're not just familiar with the basics but have a deep understanding of the field.
✨Showcase Your Governance Experience
Since this role involves acting as a director of the corporate trustee, be prepared to share examples of your past governance experiences. Talk about how you've contributed to compliance and oversight in previous roles, and highlight any specific achievements that demonstrate your ability to manage trustee responsibilities effectively.
✨Demonstrate Your Problem-Solving Skills
Think of instances where you've identified operational trends or issues in SIPP administration. Be ready to discuss how you approached these challenges, what solutions you implemented, and the outcomes. This will illustrate your proactive mindset and ability to improve processes.
✨Communicate Clearly and Confidently
Strong communication skills are key for this role, especially when it comes to member communications and reporting. Practice articulating complex pension concepts in simple terms, and prepare to discuss how you ensure clarity and accuracy in your communications with stakeholders.