Enterprise Risk Management Manager (12 month FTC) in London

Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

Role Purpose: To provide support to the Director of ERMRA and Enterprise Risk Management Lead in relation to PIC's enterprise risk management framework and insight and assurance about the enterprise risks faced and emerging. Such insight and assurance to be provided in the context of PIC's stated Risk Strategy and Appetite, its obligation to policyholders and how it conducts its business, its regulatory and other relevant obligations and requirements. The role requires the ability to effectively collaborate with numerous 1st line teams as well as to co-ordinate all sub-teams within Risk to ensure the ERM framework, associated tools and resilience plans are updated, reflective of good practice and embedded within the business. Our Company values are expected to be reflected in the delivery and performance of every role.

Requirements

• To support the co-ordination of the development and operation of the enterprise risk management framework, which includes:

• The Risk Policy and Enterprise Risk Management Framework and system;
• Review of the Board level risk appetites;
• The ongoing review and development of the Risk Strategy, Risk Appetite Framework;
• Broader elements of the framework;
• The review of risk policies.

Knowledge

• Knowledge of UK bulk annuities market and associated risk profile.
• Knowledge of legal, regulatory and industry requirements; as relevant to the role.
• Knowledge of the development and embedding of ERM frameworks.
• Familiar with the development and execution of Recovery and Solvent Exit Planning, the ORSA report and Stress and Scenario testing planning.
• Ability to lead and support the above with limited oversight.

Skills

• Willing and able to develop a strong understanding of the risk profile of a UK BPA provider.
• Excellent written and oral communication skills, with ability to communicate complex information to senior management, and a range of external parties. Must be able to manage upwards.
• Ability to influence at all levels of the organisation to ensure developments are understood and embedded.
• Must be able to manage self.
• Ability to distill information and apply judgement.
• Must have, or be able to build, internal and external relationships to maintain an understanding of developing practices across the market.

Experience

• Must be a risk professional with experience of working within an Enterprise Risk Management team.
• Must possess experience of liaising and interacting with senior individuals.
• Must possess experience of UK bulk annuity transactions, from either a 1st line or 2nd line perspective.
• Experience working within an independent challenge function, e.g. a 2nd line Risk Function, consulting role or audit.

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.

DEI at PIC: At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together.