Supervisor (Assurance Specialist)
- Brighton, East Sussex
- Pension + Benefits
Over the coming year, our client are facing one of their biggest challenges, implementing their new powers to authorise and supervise Master Trusts (MT, a type of multiemployer occupational pension scheme). We are looking for Supervisors to manage a portfolio of complex, highprofile authorisation applications through the endtoend process. This is a new role and were looking to recruit an individual with a strong technical working knowledge of pensions assurance. As part of our assessment of Master Trusts, we will need to carry out detailed reviews of their IT systems, scheme administration and the processes around them and make decisions on whether or not they are good quality. As part of this, there is a need for Master Trusts to provide us with assurance reports, to demonstrate that they have had their systems and processes audited against certain relevant control objectives. We are seeking candidates who have not only the knowledge to assess the scope, methodology and quality of these assessments, but also the confidence and stakeholder management skills to challenge Master Trusts on their findings, both by correspondence and in facetoface meetings. We are, in particular, seeking individuals who have ideally led, or at the very least been involved in carrying out assurance assessments around thirdparty pensions administration (AAF 01/06). Individuals who have worked for an accountancy/audit firm and has carried out significant assurance over business processes and controls may also be of interest. The role offers many exciting benefits and opportunities: variety of work, working on high profile issues, dealing with the senior management of MT schemes, developing strategies to address risks to the regulators objectives, a fastpaced working environment which encourages responsibility and teamwork, and the opportunity to be involved in setting standards for Master Trust authorisation and supervision. Responsibilities You will: share your expertise and experience, in relation to assurance assessment of pensions systems, processes and administration, with colleagues to ensure a consistent approach assess new applications for authorisation against the criteria set out in legislation and make judgement based decisions on whether you are satisfied that the conditions have been met obtain and analyse information from specialist advisors and peers to support your assessment conduct formal meetings to challenge the knowledge and understanding of key persons and ensure systems and processes are adequate communicate decisions and recommendations to relevant parties throughout the application review process, externally and internally; this may include oral hearings and tribunal processes act as the primary point of contact for applicants through the application process ensure issues/risks/improvements associated with the authorisation process or individual applications are identified, assessed and escalated appropriately transition from the Authorisations team in to the Supervision team and be responsible for ensuring that the authorisation criteria continues to be met on an ongoing basis Essential and Desirable criteria Essential Experience of working for a firm which carries out assurance of pensions administration (AAF 01/06 or similar) Working knowledge of defined contribution pension administration activities and processes Experience of implementing processes which monitor the movement of data and money within a defined contribution pension scheme Experience of developing an evidenced decision on the quality of assurance assessment reports (including scope, methodology and findings) and be able to rationalise, communicate and defend these decisions Stakeholder management and engagement, including the ability to challenge confidently and credibly with senior management (both internal and external) Strong communication skills, with the ability to explain complex issues succinctly and with clarity both in face to face meetings and written material e.g. legal documents. Analytical skills, thinking rigorously about how to best assess/validate risks and reach robust judgments, and communicate these in a variety of ways. Proven ability to prioritise competing tasks and issues, managing tasks from end to end. Desirable Experience of analysing and assessing business models and financial arrangements, and how they are changing in response to pension legislation. Experience of specialist knowledge sharing with peers An understanding Master Trusts and the regulatory tools available Contact Neil Drew on ##### ###### for more details Search is an equal opportunities recruiter and we welcome applications from all suitably skilled or qualified applicants, regardless of their race, sex, disability, religion/beliefs, sexual orientation or age.