Senior Compliance Monitoring Associate

We’re looking for a Senior Compliance Monitoring Associate to join our compliance team on a permanent basis, working hybrid, London office.

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds. Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

In this role, you’ll take the lead on delivering thematic (assurance) reviews as part of our annual Compliance Monitoring Plan. Working closely with the Compliance Monitoring Manager, you’ll own reviews end‑to‑end from planning through to reporting and follow‑up ensuring they are delivered to a consistently high standard.

• Ensure reviews are executed in line with the established framework, meeting key milestones and quality expectations.
• Produce high‑quality draft documentation, including Terms of Reference and final reports.
• Provide regular updates and elevate risks or issues in a timely way.
• Work closely with stakeholders across the business, maintaining professional and collaborative relationships throughout the review process.
• Track and follow up on actions, ensuring they are progressed and completed within agreed timelines.
• Collaborate with colleagues supporting reviews, sharing knowledge and driving consistency in approach.
• Support the Compliance Monitoring Manager with the delivery of the broader monitoring plan and ad‑hoc review activity.

This is a role where you’ll have real ownership and visibility, playing a key part in strengthening our compliance assurance framework and supporting continuous improvement. This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.

We’re looking for someone who brings strong technical expertise alongside a proactive and collaborative approach. You’ll ideally have:

• Significant experience (typically 5+ years) conducting compliance monitoring thematic reviews within the asset management sector.
• A strong understanding of FCA rules and regulations, and how they apply in practice.
• Knowledge of pensions and the Pensions Regulator (TPR) environment (desirable).
• Excellent attention to detail and the ability to produce high‑quality written outputs.
• The confidence to take ownership of work, managing priorities with minimal supervision.
• Strong interpersonal skills, with the ability to build effective relationships across teams.
• A collaborative mindset, comfortable working with others and contributing to shared outcomes.
• A relevant industry qualification (desirable).

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.

What we can offer you:

• A competitive salary (depending on experience).
• 28 days annual leave plus bank holidays.
• Generous annual bonus plan.
• Membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay.
• 4x Life Assurance cover.
• Private Medical Insurance.
• Employee assistance programme.
• Health cash plan.
• Eye care vouchers.
• Flu vaccination.

We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave. Additional benefits include:

• Buy and sell holidays.
• Give as you earn scheme.
• Paid volunteering days.
• Flexible half days leave.
• Electric vehicle leasing.
• Cycle to work scheme.

Please apply via the apply button or visit Careers by Friday 12th June 2026. Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.