TWO BOARD MEMBERS (FOUR-YEAR TERM, REMUNERATED)

TWO BOARD MEMBERS (FOUR-YEAR TERM, REMUNERATED)

The LPFA are seeking two exceptional individuals to join the LPFA Board and its Committees, each 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 both new members will participate in all areas of the Boards business, we are seeking candidates with particular expertise in two areas.

Qualifications and experience

Board member 1 – investment focus

The successful candidate will have experience in investment and asset/liability management at a senior level. They will bring strong knowledge of institutional investment strategies, portfolio risk management, and asset allocation, particularly as they affect the pensions sector. Prior board or committee membership within the financial services sector is essential. Experience in overseeing investment governance frameworks and engagement with fund managers or asset owners would be advantageous.

This role will sit on the Investment Committee, contributing to the oversight of LPFA’s investment strategy, asset performance, and responsible investment approach.

Board member 2 – 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.

Shared expectations

All applicants 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 recruitment@lpfa.org.uk. 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: https://www.lpfa.org.uk/our-story/work-us.

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.