About LPPI (-%About LPPI)

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said - our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

This role is to support the Head of Enterprise Risk provide a framework, metrics and information to support the safe delivery of the strategy within acceptable limits, identifying and quantifying current and emerging risks faced by the business and working with the management to control, manage, mitigate and report those risks.

Key Responsibilities (-%Key responsibilities)

• Provide the framework and metrics to support the delivery of the strategic plan, including the production of the risk report alongside the strategic plan with proposals for the metrics, risk appetite and tolerances.
• Be the ’go to’ person with repect to the strategic capital planning projection models and ensure they are appropriately maintained and evolved to remain fit-for-purpose.
• Be the ‘go to’ person for the risk capital model for ICARA and IFPR reporting, providing support and advice on its appropriate calibration and use.
• Be the ‘go to’ person to support the Risk team’s role within IFPR reporting to the FCA and the associated external disclosures.
• Provide risk reports to advise on the risk view of any material initiative on the corporate balance sheets of LPPI or LPP IFPR Group.
• To assess the principal risks of the Company and to ensure that these risks are being monitored and managed;
• Oversee and manage LPPI and LPP IFPR Group’s risk management framework, including policies and procedures, risk appetite and tolerances;
• Communicate the risk management framework and results effectively with shareholders, employees, regulators, other stakeholders;
• Co-ordinate and report on the result of LPPI’s ICARA process.
• Advise on the wind-down plan and provisions for LPPI and LPP IFPR Group.
• Provide a report on the risk perspective and implications of proposed corporate and senior objectives;
• Provide a report on the risk perspective of performance for the Remuneration Committee to make appropriate risk-adjustment to performance related pay.
• Co-ordinate and provide effective reporting and advice on risk exposures, MI, appetite and limits to the Directors, the Board and its committees;
• Implement and maintain a forward looking stress and scenario testing framework, including economic scenario analysis.
• Facilitate scenario workshops and support corporate contingency planning for key person risk succession/emergency cover, liquidity contingency plans on the corporate balance sheet
• Ensure risk management information systems are in place to maintain an effective risk radars/horizon scanning.
• Establish regular meetings and engagement with the corporate functions: Finance, Operations and People and Culture, Group Strategy
• Co-ordinate the Model and Data Governance group ensuring robust controls around model and data development and use.
• Support the business establish its own environmental, corporate and social responsible framework and monitoring.
• To maintain up to date knowledge in relation to risk modelling, applicable regulations including FCA, the Local Government Pension Scheme and pooling, The Pension Regulator and financial markets.

Requirements for the role (-%Requirements for the role)

• Degree level knowledge in finance, science, mathematics, economics or risk management
• Demonstrable interest in working within a risk management function in the asset management / pension fund industry
• Well-developed numerical, analytical and report writing skills
• Good modelling and excel skills, and an ability to write VBA macros
• Demonstrable lateral thinking, problem solving, communication and organisational skills including the ability to build good working relationships
• Capability to perform research and analysis, and present clear and actionable summaries of findings
• Ability to work under pressure to tight deadlines, prioritise work effectively, evidence strong time management and deliver work to a consistent standard of excellence
• Adaptable and flexible
• A proactive, self-motivated team player who will take the initiative
• Good conduct that is consistent with the LPPI values-aligned behaviours

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.