At a Glance
- Tasks: Lead risk management initiatives and enhance our Enterprise Risk Management Framework.
- Company: Join Nest Invest, the UK's largest workplace pension scheme, committed to innovation and inclusivity.
- Benefits: Flexible working options, competitive salary, and a supportive work environment.
- Other info: Diverse and inclusive workplace with excellent growth opportunities.
- Why this job: Make a real impact on financial security for millions while developing your career in risk management.
- Qualifications: Experience in Enterprise Risk Management within Financial Services and strong analytical skills.
The Role
As our Senior Risk Manager, you'll sit within the Nest Invest Risk Function (Second Line of Defence) and support the development, implementation and continuous enhancement of our Enterprise Risk Management Framework. You'll work closely with risk and control owners, investment teams, senior management and the Risk & Compliance Committee to embed effective risk management across our organisation and ensure risk-informed decision-making aligned to our strategic objectives.
In this role, you'll focus on identifying, assessing and monitoring strategic, investment and operational risks, translating risk insights, emerging threats and market developments into actionable recommendations that strengthen governance and our control environment. You'll combine enterprise risk management expertise with analytical thinking to enhance risk reporting, support the development of risk appetite and Key Risk Indicators, maintain our Active Risks and Opportunities register, and improve the robustness, consistency and transparency of risk management across Nest Invest.
The Person
We're looking for an experienced Risk Manager with a strong background in Enterprise Risk Management within Financial Services. You'll be able to take ownership of enterprise risk processes, build effective relationships across the business, provide independent oversight and constructive challenge, and act as a trusted risk partner to enable informed business decision‑making. You'll proactively identify opportunities to strengthen our risk maturity, support the business in managing risk effectively, and translate complex risk analysis into clear and meaningful insights for senior stakeholders.
You’ll have:
- Multiple years’ experience in Enterprise Risk Management within Financial Services, ideally pensions, investment management or asset management.
- Experience operating within a Second Line of Defence (2LOD) risk function, providing effective oversight while working collaboratively with the business to achieve sustainable risk outcomes.
- Strong understanding of Enterprise Risk Management frameworks, risk appetite, Key Risk Indicators, risk registers and governance processes.
- Experience preparing high-quality risk reporting and presenting risk insights to senior management, Risk Committees and Boards.
- Experience identifying, assessing and monitoring strategic, operational, investment and emerging risks, including horizon scanning and scenario analysis, with the ability to proactively anticipate and respond to changing business needs.
- Good knowledge of prudential regulatory requirements and risk management best practice.
- Experience facilitating risk event management, root cause analysis and continuous improvement of the control environment, working with business areas to drive practical and effective improvements.
- Strong analytical and problem-solving skills, with the ability to interpret complex data, provide objective challenge and support better business decisions.
- Excellent stakeholder management, influencing and communication skills, with the ability to build trusted, collaborative relationships across all levels of the organisation and work effectively with business teams to embed risk management practices.
- A proactive and solutions-focused approach, with the ability to identify areas where risk management can enable business objectives, improve processes and support organisational success.
- Excellent planning, organisational skills and attention to detail, with the ability to manage multiple priorities, respond to evolving business requirements and deliver high‑quality outcomes.
- Experience using enterprise risk management systems; knowledge of Protecht would be advantageous.
- Risk and/or investment management qualifications would be beneficial.
Organisational Overview
Nest is an award-winning workplace pension scheme and the largest in the country.
Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We're committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.
Directorate/Department Overview
Our Investment Directorate (Nest Invest) is responsible for investing our members’ contributions to grow their retirement pots over the long term. Our responsibilities include:
- Asset allocation and portfolio risk management
- Manager selection and monitoring
- Responsible investment
- Investment communications
- Fund administration
- Investment technology and financial modelling
- Contributing to the development of the investment proposition
From December 2019, our investment team was seconded into Nest Invest Ltd (Nest Invest), the investment subsidiary of Nest Corporation.
Nest Invest is authorised and regulated by the Financial Conduct Authority (FCA). For the successful role holder, this means working in a regulated entity and being required to adhere to certain rules and behaviours included in the FCA's Code of Conduct (COCON), specifically the individual Conduct Rules defined by the FCA.
Flexible and Agile Working
We know everyone's personal situation is different. To help you make the most of hybrid working, we've introduced different ways of working, which include (subject to role requirements):
- Hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office once or twice a week, or more, as required)
- Reduce or vary working hours
- Reduce or vary the days worked
- Work compressed hours
- Job share
Diversity, Equity and Inclusion
Everyone is welcome to apply for our roles and we particularly encourage applications from Black, Asian and minority ethnicity, LGBTQ+, and disabled candidates.
Everyone is welcome to apply for our roles, and we're determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio‑economic background, sex, sexual orientation, religion or race, or any other legally protected status.
We also recognise the importance of diversity of thought and other forms of neurocognitive variation.
As a Level 2 Disability Confident organisation, we're part of the guaranteed interview scheme. This means that if you meet the minimum criteria for this role, you'll automatically be put forward for an interview.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications.
#J-18808-Ljbffr
Senior Risk Manager employer: Nest Pensions
Nest Pensions is an excellent employer that fosters a collaborative and innovative work culture, particularly in the vibrant city of London. With a strong focus on employee growth, we offer numerous opportunities for professional development and training in technology and data risk management. Our commitment to regulatory compliance and a robust risk culture ensures that you will play a vital role in safeguarding our organisation while enjoying the benefits of a hybrid working model.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Nest Pensions looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Risk Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Nest Pensions. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Nest Pensions
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Nest Pensions’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
