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Supervisor (Defined Contribution Pensions Administration Specialist)

A new job in Pensions Master Trusts for over £51K


TPR is responsible for protecting workplace pensions in the UK, working with employers and those running pensions to help people save safely for their retirement. We have an excellent office location in the heart of Brighton and have a diverse, lively and professional growing workforce.
We are committed to making TPR a great place to work and doing all we can to support our people to reach their full potential. Join our expanding team for the chance to be a part of the biggest change to pensions in a generation.

Role


Over the coming year, we face one of our biggest challenges, implementing our new powers to authorise and supervise Master Trusts (MT, a type of multi-employer occupational pension scheme). We’re looking for Supervisors to manage a portfolio of complex, high-profile authorisation applications through the end-to-end process.
This is a new role and we’re looking to recruit an individual with a strong technical working knowledge of pensions administration. As part of our assessment of Master Trusts, we will need to carry out detailed reviews of their administration systems and the processes and governance around them and make decisions on whether or not they are good quality. We are seeking candidates who have not only the knowledge to perform these quality assessments, but the confidence and stakeholder management skills to challenge Master Trusts on their findings, both by correspondence and in face-to-face meetings.
Part of our work will also involve interrogating assurance reports, so experience of having worked for an administrator who was subject to AAF 01/06 and/or relevant ISO standards would also be an advantage, in particular if you were involved in developing the evidence required to carry out the assurance review.
The role offers many exciting benefits and opportunities: variety of work, working on high profile issues, dealing with the senior management of MT schemes and TPR, developing strategies to address risks to TPR’s objectives, a fast-paced working environment which encourages responsibility and teamwork, and the opportunity to be involved in setting standards for Master Trust authorisation and supervision.
Responsibilities


You will:


- share your expertise and experience, in relation to defined contribution pensions administration, with colleagues to ensure a consistent approach
- assess new applications for authorisation against the criteria set out in legislation and make judgement based decisions on whether you are satisfied that the conditions have been met
- obtain and analyse information from specialist advisors and peers to support your assessment
- conduct formal meetings to challenge the knowledge and understanding of key persons and ensure systems and processes are adequate
- communicate decisions and recommendations to relevant parties throughout the application review process, externally and internally; this may include oral hearings and tribunal processes
- act as the primary point of contact for applicants through the application process
- ensure issues/risks/improvements associated with the authorisation process or individual applications are identified, assessed and escalated appropriately
- transition from the Authorisations team in to the Supervision team and be responsible for ensuring that the authorisation criteria continues to be met on an ongoing basis


Essential and Desirable criteria


Essential
- Experience of working for or with a pensions administration provider
- Working knowledge of defined contribution pension administration activities and processes
- Experience of implementing processes which monitor the movement of data and money within a defined contribution pension scheme
- Experience of pension administration audits (in particular AAF 01/06) from the client side (ie being assessed for assurance, rather than carrying out the assurance)
- The ability and confidence to come to an evidenced decision on the quality of pension admin processes and be able to rationalise, communicate and defend these decisions
- Stakeholder management and engagement, including the ability to challenge confidently and credibly with senior management (both internal and external)
- Strong communication skills, with the ability to explain complex issues succinctly and with clarity both in face to face meetings and written material e.g. legal documents.
- Analytical skills, thinking rigorously about how to best assess/validate risks and reach robust judgments, and communicate these in a variety of ways.
- Proven ability to prioritise competing tasks and issues, managing tasks from end to end.


Desirable
- Experience of analysing and assessing business models and financial arrangements, and how they are changing in response to pension legislation.
- Experience of specialist knowledge sharing with peers
- An understanding Master Trusts and the regulatory tools available



Summary

Job Type:
Permanent
Industry
Banking & Financial Services
Location
Brighton
Specialism
Financial Services
Pay
£51132
Ref:
3269765
Apply Now

Talk to a Consultant

Talk to Neil Soffe, the specialist consultant managing this position, located in Brighton

International House, 78 - 81 Queens Road, Brighton, BN1 3XE

Telephone: 01273 723 160
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