Regulatory Risk Lead

Job ref: 219848

TPR grade: Grade 6 - Principal

**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**:
The External Risk function within the Strategy, Policy and Analysis Directorate sits as the central point for the identification and prioritisation of risks to inform our regulatory activity. The Regulatory Risk lead will manage the compilation, assessment, prioritisation, and reporting of external risks that impact pension schemes and work with colleagues to establish mitigations in line with our strategic objectives. This role requires a strategic thinker with expertise in risk assessment and management, regulatory environments, and the pensions landscape.

This role will be central to:

- managing our framework and systems for collecting, analysing and reporting on external risks
- ensuring mitigation strategies are put in place through policy development and intervention management, including working with other teams in TPR
- the provision of a PMO function to ensure TPR’s external risk register is up to do date, and timely reporting is assembled for ExCo and Board

**Responsibilities**:
**External risk management**:

- Lead the implementation of the external risk evaluation framework including specifying any risk management system changes.
- Monitor and assess risks surfaced from across TPR and external sources, performing or facilitating deep dives as appropriate.
- Monitor the escalation and intervention response to any materialising risk.
- Support the development of strategies to mitigate identified risks and ensure alignment with TPR's strategic goals.

**Stakeholder engagement**:

- Cross-functional collaboration with internal teams to ensure consistent risk management practices and effective communication of external risks, including seeking better understanding of risks from those undertaking market engagement.
- Maintain strong relationships with key stakeholders within TPR and be the secretariat for TPR’s External Risk Forum.

**Analysis and reporting**:

- Horizon scanning and monitoring of emerging trends and developments in the pensions industry that might lead to saver harms.
- Oversee the collection and analysis of data related to such risks, ensuring accurate and timely reporting to senior management and the Board.
- Produce or facilitate the production of high-quality risk assessments, briefings, and reports that inform decision-making at all levels of the organisation.
- Work with colleagues in our Digital, Data and Technology function to ensure we have the right data and systems to deliver our risk framework.

**Leadership and team management**:

- Ensure the external risk team works with colleagues in the wider evidence and external risk function and across the organization to collate and identify gaps in evidence relating to the specific risks identified.
- Exhibit the expertise to positively influence practice across TPR and guide the organisation in a proactive and forward-thinking approach to risk management.
- Deputise for the Head of External Risk as appropriate.

**Essential and desirable criteria**:
**Essential criteria**:

- A strategic thinker with understanding of the risks facing the UK pension system and regulatory environment.
- Project management skills and experience.
- Experience of building constructive working relationships, working in multidisciplinary teams, engaging with internal stakeholders and delivering through others.
- Communication and interpersonal skills, with the ability to engage and influence stakeholders at all levels.
- Confident challenging prevalent thinking and robustly defending position.
- Ability to work effectively under pressure and manage multiple priorities.

**Desirable criteria**:

- An