UK & Jersey Pensions Manager

We have an exciting opportunity to join the team! The role is based in London and our candidate will join the Group Pensions team. The focus of the role will be on supporting the UK and Jersey pension activities. Where appropriate, the role holder will also support the strategy for delivery of benefits in the UK and Jersey. A strong pensions background is a must and would suit someone who is looking to broaden their experience and skillset or has already done so. To note, the role involves travel to Jersey once per quarter and to Edinburgh once or twice per year.

Key Responsibilities

• Pensions Support the Bank and the Trustees in the ongoing management of the UK defined benefit (DB) and defined contribution (DC) pension plans, including:

• Leading on all matters involving administration, communication with members, audit and taxation of member benefits, including Scheme Pays, automatic enrolment and HMRC reporting.
• Attending regular Admin & Risk Committee and Trustee Board meetings.
• Work with local Jersey management and the Trustees of the Jersey DB and DC plans, supporting ongoing activities in similar areas to the UK.
• Support local HR colleagues in the design, development, administration and communication of the Group’s existing and new pension plans.
• Develop and maintain local information about the Group’s pension arrangements to support management and the requirements of the Group Performance Reward & Benefits (PRB) team.
• Lead the oversight of pensions vendors, including reviewing and monitoring invoices, service review meetings, inputting into pricing discussions and leading on RFP exercises where appropriate.

Skills and Experience

• Knowledge and experience in all aspects of pensions.
• Demonstrable depth of technical knowledge of the UK pensions arena.
• Knowledge of benefits, particularly in the UK, an advantage but not essential.
• The ability to oversee a large number of vendors in terms of their output, their complementarity, their fee structures, and their proactivity.
• Sensitive to conflicts of interest issues and awareness of what authority the role is acting under.
• The ability and experience to win the confidence of senior colleagues and Trustees.
• Communication skills to articulate complex issues simply and comprehensibly.
• Written materials must be produced to a very high standard.
• Strong experience of project management and delivery.

We are committed to an inclusive recruitment process; should you require any reasonable adjustments do let us know so we can aim to accommodate.

What we offer

• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.