Pension Risk Consultant

Alexander Lloyd are looking for 2 Pension Risk Consultants to play a key role in strengthening the governance and control environment. You’ll help design, implement, and deliver a first-line controls assurance framework, ensuring that internal controls across pensions administration meet both internal standards and external regulatory expectations – including the General Code of Practice and AAF 01/20 requirements.

This is a great opportunity for someone with a background in risk, audit, or pensions operations who enjoys getting into the detail, improving processes, and helping to build a strong culture of assurance and accountability.

What You’ll Be Doing

Control Monitoring & Manual Workarounds

• Execute first-line control monitoring – including testing, reporting, and identifying areas for improvement across Member Services and pensions administration.
• Support the design and continuous improvement of the assurance framework, ensuring all manual processes and workarounds are effectively controlled.
• Ensure all controls required to comply with the General Code of Practice and The Pensions Regulator’s guidance are regularly tested, reviewed, and reported.

AAF 01/20 Internal Control Reporting

• Support the delivery of the annual AAF 01/20 report, collaborating closely with internal teams and external service auditors.
• Help define and evidence control objectives across pensions administration, IT, and supporting functions.
• Monitor and follow up on issues from AAF testing, ensuring that repeat or high-priority findings are addressed effectively.

Stakeholder Engagement

• Build strong working relationships with Internal Audit, Risk, and Compliance teams to align and coordinate assurance activities.
• Present findings and recommendations to the Assurance Manager, contributing to assurance reporting and remediation planning.
• Act as deputy for the Assurance Manager where required, representing the function in key meetings.
• Support the ongoing development of internal control frameworks and processes.
• Assist with audit, risk, and compliance reviews, ensuring minimal disruption to business operations and effective tracking of issues through to resolution.

What You’ll Bring

• Proven experience in control assurance, risk, or audit, ideally within a pensions or financial services environment.
• Strong analytical, communication, and stakeholder management skills.
• The ability to constructively challenge established practices and drive continuous improvement.
• A proactive approach to identifying and mitigating risks.
• A collaborative mindset and willingness to coach and support colleagues.

Desirable:

• Professional qualifications (or equivalent experience) in risk, audit, or pensions administration.

Please quote 51988 when calling Aaron at Alexander Lloyd or email them at apu@alexanderlloyd.co.uk. This is only one of many vacancies we are handling, Alexander Lloyd is a specialist within Financial Services recruitment. Areas of expertise include Employee Benefits, Compliance, Pensions, Group Risk, Paraplanners, Sales Support, T&C etc.

Due to the high amount of interest that we receive for each of our roles unfortunately we cannot respond to each application individually, therefore if you do not hear back from one of our consultants you have not been shortlisted for this role. Please continue to check our website www.alexanderlloyd.co.uk for any other roles which may be of interest.