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Regulatory Assurance Manager

Reporting to:
Senior Regulatory Assurance Manager – Lead Specialist
Team:
COO Group
Contract type:
Permanent
Salary:
Salary between £35,598 and £40,541 per annum dependent on skills and experience, plus excellent benefits package
Location:
Brighton/hybrid (6 days per month in the office)
Closing date:
Monday 30 September 2024

Job ref: 202787

TPR grade: R&O Grade 9 – Lead Associate

About us

More than half the UK working population rely on The Pensions Regulator (TPR) to regulate their retirement savings. With a career at TPR, you’ll be joining an organisation that will impact on millions of lives for decades to come.

Everyone at TPR plays an important role in helping to keep more than £2 trillion of savings safe. We’re committed to bringing people into TPR who are ready to make a difference and put UK savers at the heart of what we do.

It is important to us that TPR remains a great place to work. We do all we can to help our people reach their full potential with learning, secondment, and development opportunities. We put our 900+ employees first, supporting flexible working and offer a diverse, lively, and inclusive environment. This includes our Disability Network, Family Network, LGBT+ Network (Proud), Minority Ethnic (ME) Network and Women’s Network, which offer spaces to connect.

Our new corporate strategy outlines a bold and challenging vision of how pensions regulation should evolve to keep pace with a change in the scale and nature of the industry. We are at the start of that journey. Join us to find out what part you can play.

We operate a hybrid working model, with regular attendance in our Brighton office to connect with colleagues across the business.

Role

As well as joining a team which provides assurance on various regulatory activities across the whole of TPR, you’ll be joining at an exciting time too. TPR is on a new and exciting transformation journey, and during this period we must maintain our duties as a regulator. The Regulatory Assurance team has an important role to play in this. Ideally, you’ll be an experienced auditor, quality assurance manager, investigator, or regulator. You will use your knowledge and experience, to support the organisation, as we continue to provide assurance with insight to senior leaders.

We’re looking for an assurance manager to support a variety of assurance reviews and investigations around the quality of regulatory activity and decision making across TPR.  The core responsibilities are to:

  • Develop and deliver objective and fully informed views on the quality and consistency of regulatory activity and interventions. This may include providing insights on processes, governance, strategy, policies, live cases, communications and media engagement, and ways of working
  • Identify any pertinent trends, themes, behaviours, risks and opportunities across our regulatory activity and interventions
  • Create high quality outputs and reports through excellent communication skills.  Be able to clearly articulate risks, observations, root causes, and recommendations to senior management.  Your work will get visibility from the Senior Leadership Team, Executive Committee, Audit and Risk Assurance Committee and Board.
  • As the organisation’s critical friend, identify recommendations that support risk mitigation and continuous improvement.

You’ll no doubt want to feel an integral part of our team, and quickly. You’ll want to achieve personal development and growth. Our commitment to you is that you’ll get a detailed induction, clear guidance and instructions on how to perform reviews, line management support, regular 1:1’s with real-time feedback and coaching on the job. You’ll start by supporting a wide variety of reviews, and progress to leading a review once ready. A working knowledge of the pensions landscape is desirable but not essential.

Responsibilities

You will:

  • support, own and manage a set of reviews from the Regulatory Assurance work programme
  • write reports and deliver assurance views to stakeholders including the TPR Executive Committee, Board and Audit and Risk and Assurance Committee
  • apply technical knowledge, skills and experience to identify any risks, opportunities, weaknesses or inconsistencies across the organisation’s regulatory activity and interventions
  • deliver practical and effective recommendations for the mitigation of any risks or weaknesses identified
  • support the Regulatory Assurance Business Lead and the wider Risk and Assurance function in promotion of a culture that strives for more effective decision making and continuous improvement

Essential and desirable criteria

  • Highly skilled in either: investigations, quality assurance, auditing, or risk management.
  • An ability to plan and manage an investigation or assurance review from end-to-end.
  • Comprehensive understanding of principles behind effective decision making and ability to test decision making against those principles.
  • Proven ability to take account of relevant qualitative and quantitative factors in order to form a judgement on effectiveness, risk and strategic approaches.
  • Ability to consider weaknesses and risks in regulatory activity and interventions. Develop effective and realistic recommendations to support continuous improvement or risk mitigation.
  • Flexibility to provide assurance across a range of regulatory activity, not limited to case work.
  • Be a team player.
  • Broad understanding and awareness of full regulatory grip of TPR (desirable).
  • Established technical knowledge and understanding of pension and/or financial regulation (desirable).

Person specification

  • Problem solving and analytical skills.
  • Communication skills at all levels, particularly written skills.
  • Attention to detail and accuracy.
  • Proactive and flexible.
  • Can do approach.
  • Confidence to challenge decision making in a professional manner.

Salary and benefits

As well as a salary between £35,598 and £40,541, we offer:

  • Civil Service Pension arrangements, which are recognised as some of the best in the pensions world
  • discretionary bonus arrangements
  • access to performance related pay progression
  • 25 days annual leave provision
  • flexible working arrangements
  • development opportunities
  • enhanced parental leave arrangements
  • a free employee assistance programme
  • an excellent office location in Brighton

How to apply

To apply please email recruitmentteam@tpr.gov.uk quoting role reference number 202787 along with:

  • a covering letter with details of how your skills and experience meet the role requirements
  • a copy of your CV
  • details of your notice period

Current employees in their first 12 months of employment who want to apply for this vacancy should first contact their line manager to discuss their application.

We are an inclusive employer and offer equal opportunities regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation.

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 essential criteria for the job will be offered an interview.

Applications will be considered on a part time and job share basis.

In accordance with Home Office guidance, the successful candidate will be required to provide their right to work in the UK before they start employment. Unfortunately, TPR is not able to offer sponsorship at the time. TPR is a UK-based organisation with a working location in Brighton, candidates must live in the UK to be employed by us.

The Pensions Regulator is an arm’s length government body and part of the public service.

Any offer of employment will be subject to the receipt of satisfactory background screening checks and criminal record checks (BPSS).

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 recruitmentteam@tpr.gov.uk.