At a Glance
- Tasks: Lead a dynamic Pensions Risk team and provide strategic oversight on pension schemes.
- Company: Join a leading financial institution with a strong focus on collaboration and innovation.
- Benefits: Enjoy a competitive salary, generous pension contributions, and flexible working options.
- Other info: Great opportunities for professional growth and a supportive work environment.
- Why this job: Make a real impact on large-scale pension schemes while developing your career in finance.
- Qualifications: 5+ years in defined benefit pensions and strong analytical skills required.
The predicted salary is between 84051 - 93390 £ per year.
End Date Thursday 30 July 2026 | Salary £84,051 - £93,390 | Location Edinburgh | Full‑time, 35 hours per week | Hybrid working style (at least two days per week in office)
About the opportunity
We have an exciting opportunity to join the Pensions Risk team within Liquidity, ALM and Pensions Risk, providing oversight and challenge on the Group‑sponsored Defined Benefit Schemes.
The Schemes comprise approximately £30bn of assets and are among the largest defined benefit schemes in the UK, offering a wide range of activities.
What you’ll be doing
This role involves becoming part of a small, cooperative Pensions Risk team.
You will lead multiple activities, assist colleagues, and step in for the Senior Pensions Risk Manager as needed.
Working closely with Group Corporate Treasury and Pensions Risk Management, the role acts as a trusted partner on pension scheme funding, strategy and risk plans.
You will deliver clear, evidence‑based analysis, offer constructive feedback, and assist with internal and external pensions stress testing, including work on the PRA ICAAP submission.
Responsibilities
- Lead multiple activities and step in for the Senior Pensions Risk Manager as required.
- Act as a trusted partner on pension scheme funding, strategy and risk plans.
- Deliver evidence‑based analysis and offer constructive feedback to foster sound decision‑making.
- Assist with internal and external pensions stress testing, including PRA ICAAP submission.
- Assess how various scenarios affect pension risk within the Group strategy.
- Develop and maintain pension risk appetite, regularly check exposures and analyse trends.
- Support pension model reviews.
- Contribute to the annual review and attestation of market risk policies and procedures.
- Review external pensions‑related IAS19 disclosures and contribute to the assumptions setting process.
- Represent the team in pensions and broader governance forums, sharing expertise and influencing outcomes.
- Drive ongoing improvements to strengthen pensions risk frameworks.
- Build strong working relationships with key partners and keep current with changes in the pensions landscape through internal and external networks.
- Participate in wider initiatives across Liquidity and Asset Liability Management Risk, collaborating with colleagues to support broader team goals.
Qualifications
- At least 5 years hands‑on experience of defined benefit pension schemes and their financial risk management in a complex environment.
- A relevant professional qualification, such as a qualified actuary (FIA/FFA or equivalent) or CFA.
- Confident communication skills, with the ability to explain technical concepts clearly, provide constructive challenge and influence a range of collaborators, including senior colleagues.
- A proactive, self‑starting approach and experience managing your own workload, balancing multiple priorities and adapting to new challenges.
- Strong analytical and problem‑solving capability, with good judgement, attention to detail and the ability to work across multiple workstreams.
- Experience presenting complex technical information to diverse audiences and building strong, collaborative relationships across teams.
- Relevant, transferable experience is also valued.
Benefits
- Generous pension contribution of up to 15%.
- Annual performance‑related bonus.
- Share schemes, including free shares.
- Benefits adaptable to your lifestyle, e. g. discounted shopping.
- 30 days’ holiday, with bank holidays on top.
- Range of wellbeing initiatives and generous parental leave policies.
- #J-18808-Ljbffr
StudySmarter Expert Advice🤫
We think this is how you could land Pensions Risk Manager in Edinburgh
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We think you need these skills to ace Pensions Risk Manager in Edinburgh
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Bank plc.
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How to prepare for a job interview at Lloyds Bank plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Bank plc.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Bank plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
