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- Tasks: Join the LPFA Board to guide financial oversight and risk management.
- Company: LPFA is London's largest Local Government Pension Scheme, valued at £8 billion.
- Benefits: Earn £17,000 per year for just two days of work each month.
- Why this job: Be part of a mission-driven organization focused on responsible investment and community impact.
- Qualifications: Must have senior-level experience in finance, audit, and risk management.
- Other info: Apply by February 23, 2025, and participate in a two-stage interview process.
The predicted salary is between 17000 - 17000 £ per year.
The LPFA are seeking an exceptional individual to join the LPFA Board and its Committee, bringing strong expertise in finance, investment, audit, and risk to help guide the Fund’s continued success.
As the largest Local Government Pension Scheme (LGPS) provider in London, our Fund was valued at approximately £8 billion as of March 2024. During an exciting time of change within the LGPS, we are committed to delivering a high-quality, cost-effective pension that benefits our roughly 100,000 members and 115 contributing employers, as well as London’s communities and society more broadly.
Although a new member will participate in all areas of the Boards business, we are seeking a candidate with particular expertise in the specific area.
Qualifications and experience
Board member – audit and risk focus
The successful candidate will have significant experience in finance, audit, and risk management at a senior level. They must demonstrate a strong understanding of pension fund governance, financial controls, risk frameworks, and regulatory compliance. Senior-level membership on financial services boards is required, with a proven track record in pension fund oversight, financial reporting, and risk management. Experience of oversight of pension fund administration would be an advantage. Knowledge of the LGPS would be advantageous but is not essential.
This role will sit on the Audit and Risk Committee, ensuring robust financial oversight, risk mitigation, and compliance with regulatory standards.
Additional expectations
Applicant must align with the LPFA's values and vision and actively support its commitment to being a high-quality, value-for-money organisation with strong responsible investment beliefs. Specifically, they should demonstrate a commitment to climate change principles and responsible investment strategies.
Remuneration
£17,000 per annum for approximately two days per month.
To apply
To apply, please send a CV and covering letter (maximum two pages) setting out your suitability for the role to When you visit our website and decide to apply for the role, there is also an Equality and Diversity Monitoring Form which you should complete and submit with your CV and covering letter.
For more information on how we collect and use candidate data, please read more on our LPFA website.
For more detailed information about the Job Description and The Candidate Pack, please go to our LPFA website: .
The deadline for applications is midnight on 23 February 2025.
Recruitment and appointment process: Following assessment of applications against criteria for appointment, shortlisted applicants will be interviewed in two stages by senior LPFA and GLA representatives in late March / early April with a view to appointing in May / June 2025. Appointments are expected to take effect no later than 1 June 2025. Please indicate any dates you are unable to attend interviews.
BOARD MEMBER (FOUR-YEAR TERM, REMUNERATED) employer: London Pensions Fund Authority
Contact Detail:
London Pensions Fund Authority Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land BOARD MEMBER (FOUR-YEAR TERM, REMUNERATED)
✨Tip Number 1
Make sure to highlight your senior-level experience in finance, audit, and risk management during any networking opportunities. Connect with current or former board members of pension funds to gain insights and potentially get a referral.
✨Tip Number 2
Familiarize yourself with the latest trends and regulations in pension fund governance and risk management. This knowledge will not only help you in interviews but also demonstrate your commitment to staying informed in this evolving field.
✨Tip Number 3
Engage with organizations or forums focused on responsible investment and climate change principles. This will not only expand your network but also show your alignment with LPFA's values and vision.
✨Tip Number 4
Prepare for the interview by reviewing common questions related to audit and risk management in pension funds. Consider how your past experiences can be framed to align with the specific challenges faced by the LPFA.
We think you need these skills to ace BOARD MEMBER (FOUR-YEAR TERM, REMUNERATED)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and expectations of a Board Member with a focus on audit and risk. Familiarize yourself with the LPFA's mission and values to align your application accordingly.
Tailor Your CV: Highlight your significant experience in finance, audit, and risk management at a senior level. Be specific about your roles on financial services boards and any relevant achievements in pension fund oversight and regulatory compliance.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your suitability for the role by connecting your expertise to the LPFA's needs. Emphasize your commitment to responsible investment strategies and climate change principles, as these are key to the organization's values.
Complete the Equality and Diversity Monitoring Form: Don't forget to fill out the Equality and Diversity Monitoring Form when submitting your application. This is an important part of the process and shows your commitment to diversity and inclusion within the organization.
How to prepare for a job interview at London Pensions Fund Authority
✨Showcase Your Expertise
Make sure to highlight your significant experience in finance, audit, and risk management. Be prepared to discuss specific examples from your past roles that demonstrate your understanding of pension fund governance and financial controls.
✨Understand the LPFA's Values
Familiarize yourself with the LPFA's commitment to high-quality, value-for-money services and responsible investment beliefs. During the interview, express how your personal values align with theirs, especially regarding climate change principles.
✨Prepare for Regulatory Discussions
Since this role involves compliance with regulatory standards, be ready to discuss your knowledge of relevant regulations and how you have ensured compliance in previous positions. This will show your readiness to contribute effectively to the Audit and Risk Committee.
✨Ask Insightful Questions
Prepare thoughtful questions about the LPFA's current challenges and future goals. This demonstrates your genuine interest in the role and helps you assess if the organization aligns with your career aspirations.
