Railpen Darlington, England, United Kingdom
An exciting opportunity has arisen for a Risk Assurance and Compliance Manager to join our Benefits Governance team, on a fixed term basis for 18 months. The role is based in our Darlington office on a hybrid basis.
Overview
Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds. Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here
The role
As a Risk Assurance and Compliance Manager, you will act as a first line capacity supporting the Benefits area with development, oversight and support for first line control mechanisms and embedding effective risk management. The role involves the development and ongoing maintenance of a controls monitoring programme and also supports risk identification, management and mitigation, supporting the Benefits area with early identification and escalation of risks to ensure these are captured and dealt with in accordance with corporate risk policies. You will also provide support for the risk event process within Benefits and act as liaison with Risk when events occur.
The Risk Assurance and Compliance Manager will work closely with the Director of Benefits Governance and Standards ensuring accurate and timely delivery of the annual Master Trust supervisory return and will also provide ongoing assurance that Railpen is meeting its Master Trust responsibilities. Responsibility for the development, delivery and publication of the annual internal control reports AAF (01/20) across Benefits and wider areas of the business is also a key part of this role.
Other responsibilities include but not limited to the regular assessment of the continued relevance of the Systems and Processes questionnaire responses in year through review and validation with the business and working as a liaison between external audit and Benefits area with regard to audit work.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The person
The successful candidate will have proven track record of supporting first line areas with effective risk management and control mechanisms. You will have the expertise in producing high-quality written reports and have the confidence to support its delivery. Experience of working within a financial services environment is a must to ensure success in the role. Experience of pensions and Pensions Regulator requirements would also be highly advantageous.
We are looking for someone with effective communication skills who can work collaboratively with both internal and external stakeholders. You will be a credible influencer who can make constructive decisions. Having excellent attention to detail, being organised and proactive in managing a varied workload and working to tight deadlines is also key to being successful in the role.
Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.
What we can offer you
Rewarding you
* A competitive salary (depending on experience)
* 28 days annual leave, plus bank holidays
* Employee assistance programme
* Health cash plan
Lifestyle
* Give as you earn scheme
Next Steps
Please apply for the apply button or visit Careers Page by 5pm on 24 September 2025.
Railpen is committed to creating an inclusive and diverse environment; we value diversity and welcome people from all backgrounds and walks of life
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