Senior Associate, Actuarial and Funding Risk, Institutional investment manager

Senior Associate, Actuarial and Funding Risk, Institutional investment manager

Location London

Compensation Competitive

Description

Our client is an institutional investment manager specialising in pension asset management. They seek a Senior Associate to bolster actuarial and funding risk capabilities for LGPS partner funds, owning ALM modelling and strengthening solvency, funding and investment risk oversight.

Responsibilities

• Deliver and enhance actuarial and funding risk modelling, analysis and reporting for LGPS partner funds.
• Prepare asset-liability risk modelling using ALM software and oversee long-term funding strategy.
• Set up, run and check ALM analysis and reports prior to review.
• Develop and monitor client funding risk appetite statements.
• Provide risk oversight of strategic asset allocation advice to partner funds.
• Track long-term funding and contribution strategy and associated risks.
• Maintain and improve risk data, models, systems and reporting processes.
• Drive process efficiencies and automation in analysis and reporting.
• Support risk, client management and investment strategy teams on BAU and projects.
• Contribute to climate risk scenario analysis and other thematic risk projects.
• Review and quality-assure associates’ work for compliance with scheme rules, procedures, standards and legislation.
• Prepare regular risk outputs and board/Executive papers, and brief the CRO as required.
• Ensure actuarial reporting complies with TAS 100; maintain policies and desk procedures.
• Monitor regulatory and market developments, especially LGPS regulations, and share insights.
• Research wider pensions market funding trends to inform risk perspectives.

Requirements

• IFoA status: Newly Qualified, Nearly Qualified or Associate level.
• 5+ years’ experience in DB pension risk management, consulting or ALM-focused roles.
• Strong modelling and Excel skills; experience with ALM software; coding exposure preferred.
• Power BI and Python advantageous; knowledge of Ortec GLASS desirable.
• Ability to meet tight deadlines, prioritise effectively and deliver high-quality work.
• Clear communicator able to explain technical matters to stakeholders.

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