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The Pensions Regulator provided pay range

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Base pay range

Role title: Investment Consultant - DC and Master Trust Supervision

TPR grade & pay group: Principal - Advisory Grade 6

Directorate: Market Oversight - DC and Master Trust Supervision

Starting salary: Salary starting from £80,513 per annum dependent on skills and experience, plus excellent benefits package

Contract type: Full time, Permanent

Location: Brighton/hybrid 6 days per month in the office

The role and responsibilities:

Role

In Market Oversight, our focus is to build a deep understanding of both market-wide and individual schemes' risks and opportunities so that we can protect, enhance and innovate in savers' interests.

Master Trust and DC Supervision brings together multi-disciplinary teams - with experts in governance, investments, business analysis, law and more - to address individual scheme level risks, as well as those which could impact the wider financial ecosystem. Our focus is on schemes delivering real value with an emphasis on governance, investments, data quality/standards, and innovation, putting the saver at the heart of everything we do.

We are looking for people who can help us build strong ongoing relationships with pension schemes, their employers and their administrators; in addition to working across teams internally to help develop frameworks and monitoring to support our market-wide oversight.

The DC and Master Trust Supervision Team work with a wide range of TPR, industry and regulatory colleagues. The successful candidate should be able to engage credibly with individuals from different backgrounds and levels of seniority.

A lot of our work involves problem solving and analysis, so the successful candidate is likely to be good at this, to approach work with appropriate care for detail and accuracy, and to communicate the results effectively.

Responsibilities

You will be expected to do a range of investment work to support TPR's objectives, to be agreed depending on your particular skills, interests and experience. This may include:

• Building and maintaining relationships with the relevant contacts at schemes
• Developing an understanding of your schemes' investment arrangements and future changes
• Identifying, analysing and managing investment (and other) risks, devising and implementing interventions and contributing to the ongoing development of the DC investment risk framework
• Working collaboratively with colleagues in your segment and account teams on the schemes you are accountable for, as well as other DC investment consultants
• Developing investment policy and guidance on areas of emerging legislation, such as CDC, value for money, decumulation, consolidation, productive finance and climate change
• Advising TPR colleagues on DC / Master Trust's investment strategies
• Working on policy and supervisory frameworks for DC, CDC and Master Trust schemes
• Supporting TPR's investment modelling capabilities
• Providing training to wider TPR colleagues on investment issues and developments
• Sharing investment knowledge with other TPR investment consultants and more widely within TPR as appropriate
• Communicating TPR's position on MT supervision internally and externally

The role criteria

• Up-to-date knowledge of workplace pension fund investment
• Experience of working with workplace pension funds on investment issues
• Communication and influencing skills at all levels of seniority
• Commitment to TPR's values and a professional approach to work
• In-depth knowledge of DC investment and/or DB investment strategy
• A network of contacts across the pensions and/or regulatory landscape
• Experience in emerging policy areas, such as private markets or decumulation
• Relevant professional qualification such as CFA, FIA, FFA, CISI or similar

Person Specification

• Passionate about pensions and interested in current and emerging investment issues, including Master Trusts, CDC, value for money, decumulation, consolidation, productive finance and climate change
• Proactive and flexible
• Ability to prioritise and use initiative (pragmatism)
• Communication skills at all levels
• Personable and a team player (knowledge sharing, consistency in approach, providing views and expert input on work others are involved with, promoting the team's capabilities and reputation)

The team

The Market Oversight directorate will implement a significant shift in the way we engage and regulate pensions schemes and trustees, including mobilising multi-disciplinary teams to enhance the system and influencing the delivery of better outcomes for savers, and working through a deep understanding of market-wide risks and opportunities.

Reward and benefits

We offer 25 days annual leave plus bank holidays, a hybrid working model, 35 hour working week (full-time), flexible working patterns, and flexitime. We also provide competitive parental leave, as well as a Civil Service Pension with an average employer contribution of 28.97%. Our dedicated benefits portal (Edenred) offers retail, gym, tech and restaurant discounts, and a cycle to work scheme.

Find out what benefits a Civil Service Pension provides.

Our culture

TPR strives to be a high-performing organisation, and we prioritize our people's growth and well-being. We offer various learning, secondment and development opportunities, support flexible working, and foster a diverse and inclusive environment.

Equality, diversity and inclusion is very important to us and we strive to make sure everyone has an equal opportunity to succeed. Our modern Brighton offices are in Telecom House overlooking Preston Park, they are over two floors of a shared building facility and when designed in 2023 we followed the government's workplace design guide to ensure accessibility by design was achieved for our section.

We're proud to have a range of networks and opportunities to bring people together with supportive and safe spaces to connect with one another.

About The Pensions Regulator

With a career at TPR, you'll be joining an organisation with real purpose and who are proud of their diverse range of skills and experience that positively impact on millions of people. Everyone at TPR plays an important role in helping to keep more than £2trn of savings safe.

Our Corporate Strategy outlines a bold and challenging vision of how pensions regulation should continue to evolve to keep pace with a change in the scale and nature of the pensions landscape. We believe diversity and inclusion are vital to good decision-making for positive saver outcomes. We're committed to creating a supportive, inclusive, and dynamic work environment where everyone can thrive; understanding the link between the work we do and its positive impact on society.

Find out more about us.

Applications

To avoid disappointment, we would invite you to submit your application as soon as possible, as we reserve the right to close the vacancy early if a high volume of applications are received. This is to ensure that we can continue to provide a positive candidate experience, with each application being reviewed and considered. Unfortunately, once a vacancy has closed, we are unable to consider further applications.

Current TPR employees who want to apply for this vacancy should first contact their line manager to discuss their application.

We welcome applications on a part time and job share basis.

Selection and interview

If you are shortlisted for interview, we'll be in contact with you shortly after the closing date. We aim to respond to every application however due to the large volume of applications this is not always possible. If you have not heard from us within 21 days of submitting your application, please assume you have been unsuccessful on this occasion.

As a Disability Confident Employer, we're committed to the recruitment, employment, retention, and development of people with disabilities, and to improving their employment opportunities. Candidates who declare that they have a disability and who meet the criteria outlined in the 'what you will bring' section will be offered an interview.

Diversity and inclusion

TPR is committed to promoting diversity, inclusion and equality in the workplace, creating an environment where everyone is encouraged to be themselves, enabling our people to feel supported, represented and do their best work.

We encourage applicants from all backgrounds and with different identities and experiences to apply for roles with TPR.

Further information

Please visit our website to find out what it is like to work at TPR, our culture, interview process and our commitment to our employees.

If you have any queries about this role, or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email .

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance, Information Technology, and Legal
• Industries
• Pension Funds

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