Pensions Risk Analyst | S2 | Market & Structural Risk

Interested in part-time, job-share or flexible working? We want to talk to you!

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The role sits within the Pensions and Stress Testing team within the wider Market and Structural Risk department. You will be responsible for the risk monitoring, analysis and control of Pension risk, which comes from the Defined Benefit pension scheme and is one of Santander UK's most significant risks.

The difference you'll make:

• Monitoring and measuring the Pension risk exposures and profiles ensuring high quality and adequate risk MI is presented to senior management/committees in a timely manner


• Maintaining an appropriate MI and Risk reporting system, and monitoring the risk appetite and lower-level triggers and thresholds


• Defining comprehensive and appropriate controls, including the maintenance of required supporting documentation


• Supporting team management in the coordination of delivering ICAAPs and PRA Stress Tests and contributing to the relevant analysis for Pensions risks


• Assisting the senior manager in various other projects including annual risk appetite review, annual assumption reviews and risk policies reviews


What you'll bring:

• Knowledge of markets and financial instruments (derivatives and fixed income including valuation measures, hedging), market risk methodologies for measuring, monitoring and stress testing of particular asset classes and products (like VaR)


• Advanced excel skills with experience of developing and maintaining processes
  
  A degree in quantitative subject (mathematics, physics, statistics / equivalent) and likely to have or to be studying towards post graduate qualification


• Previous experience of Pension risk or an actuarial background


• Excellent communication and interpersonal skills


• Analytical and problem-solving skills with good attention to detail and ability to organise your own time and work
  
  If you're interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.


Inclusion:

At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we'll reward you:

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• £500 annual cash allowance to spend on our great range of benefits


• Eligible for a discretionary performance-related annual bonus


• We put 8% of salary into your pension, even if you don't contribute yourself. We'll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer


• 27 days' holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year


• Voluntary healthcare benefits at discounted rates. Including: Bupa medical insurance, dental insurance, healthcare cash plan and health assessments


• Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover


• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more


• Share in Santander's success by investing in our share plans


• Support your favourite causes through charitable giving and our community partnerships