Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal. Role purpose The role is in the Regulatory Affairs team, which sits in the Risk and Compliance function. The role of the team is to facilitate strong regulatory risk management and ensure a good understanding of regulatory risks, issues and projects across PIC. The team assist the business in ensuring that regulatory risks and issues are considered as part of relevant activity and decision making. As a result, the team works collaboratively with the business to maintain controlled risk taking which delivers long term value. The Regulatory Affairs team are the owners of PIC's regulatory strategy including being responsible for managing the relationships with the relevant UK regulators (PRA and FCA). This includes, but not limited to, management of and challenging regulatory queries and communications, as well as providing regulatory insights and advice. The team work across a variety of activities, including but not limited to first line and risk colleagues, to secure buy-in and implement improvements to systems, processes, and technology, as appropriate. This also includes: To apply knowledge and insights concerning the Regulators and how this impacts PIC and policyholders. Proactively horizon scan to identify and analysis emerging trends, regulations and policies to help anticipate future requirements and support the mitigation of risks. To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes on a consistent basis. Our Company values are expected to be reflected in the delivery and performance of every role. Specific accountabilities assigned to the role of Regulatory Risk Affairs Manager within the Risk and Compliance Function: To work with the team to continue to develop the regulatory engagement across the business to ensure PIC maintains an approach which is fit for purpose and efficient and effective. Conduct thorough analysis of regulatory change and support the team in advising the business of an appropriate course of actions. Support the team in the timing and nature of responses to regulatory activity, including queries, thematic requests, as well as relevant consultations and policy. Able to gather, interpret and use complex data to develop actionable steps that will improve processes and optimise the team activity. Manage, with the support of the team, all regulatory reporting, producing regularly and ad-hoc reporting and develop perspective/value-add commentary where needed. Taking the lead on developing and optimising the regulatory reporting, utilising new tools and technology. Ensuring reporting and data has the appropriate controls and governance in place, in line with PIC's frameworks and policies, for example appropriate ownership, agreement and record keeping. Support the strong regulatory risk culture across the PIC, and to ensure individuals and teams are aware of their obligations, including but not limited to Compliance, risk teams and the first line teams. Suggest areas of improvement and make recommendations for what the team can do to a deal with any issues identified. To work with the team to provide papers to relevant PIC Committee meetings, ensuring they are kept informed of regulatory issues, projects, forward looking activities. Support the delivery of briefings to ensure that Executive and Non-Executive Directors are fully briefed on material matters being discussed with the Regulators alongside key emerging themes. To ensure accurate records of regulatory discussions and activity are maintained. To monitor regulatory communications and to work with the rest of risk and compliance and the business, to ensure we develop our processes to maintain ongoing compliance with changing regulations rules and expectations. Knowledge Knowledge of UK financial services regulations and regulators Must be willing and able to develop knowledge of PICs business processes, standards, policies and procedures; alongside maintaining broad relevant legal, regulatory and industry requirements Skills Strong organisational skills Strong working knowledge of MS Office packages, including Power BI and other IT tools. Strong communication skills, including written and oral communications Ability to be flexible and prioritise work to meet all relevant deadlines Ability to work within defined procedures as set out by functional teams Ability to consider regulation and apply this in day-to-day work Experience Experience of working on regulatory or risk issues Experience of working with a variety of business stakeholders Experience/knowledge in project management planning and support Insurance sector experience is desirable DE&I at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together. In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.
Mar 02, 2026
Full time
Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal. Role purpose The role is in the Regulatory Affairs team, which sits in the Risk and Compliance function. The role of the team is to facilitate strong regulatory risk management and ensure a good understanding of regulatory risks, issues and projects across PIC. The team assist the business in ensuring that regulatory risks and issues are considered as part of relevant activity and decision making. As a result, the team works collaboratively with the business to maintain controlled risk taking which delivers long term value. The Regulatory Affairs team are the owners of PIC's regulatory strategy including being responsible for managing the relationships with the relevant UK regulators (PRA and FCA). This includes, but not limited to, management of and challenging regulatory queries and communications, as well as providing regulatory insights and advice. The team work across a variety of activities, including but not limited to first line and risk colleagues, to secure buy-in and implement improvements to systems, processes, and technology, as appropriate. This also includes: To apply knowledge and insights concerning the Regulators and how this impacts PIC and policyholders. Proactively horizon scan to identify and analysis emerging trends, regulations and policies to help anticipate future requirements and support the mitigation of risks. To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes on a consistent basis. Our Company values are expected to be reflected in the delivery and performance of every role. Specific accountabilities assigned to the role of Regulatory Risk Affairs Manager within the Risk and Compliance Function: To work with the team to continue to develop the regulatory engagement across the business to ensure PIC maintains an approach which is fit for purpose and efficient and effective. Conduct thorough analysis of regulatory change and support the team in advising the business of an appropriate course of actions. Support the team in the timing and nature of responses to regulatory activity, including queries, thematic requests, as well as relevant consultations and policy. Able to gather, interpret and use complex data to develop actionable steps that will improve processes and optimise the team activity. Manage, with the support of the team, all regulatory reporting, producing regularly and ad-hoc reporting and develop perspective/value-add commentary where needed. Taking the lead on developing and optimising the regulatory reporting, utilising new tools and technology. Ensuring reporting and data has the appropriate controls and governance in place, in line with PIC's frameworks and policies, for example appropriate ownership, agreement and record keeping. Support the strong regulatory risk culture across the PIC, and to ensure individuals and teams are aware of their obligations, including but not limited to Compliance, risk teams and the first line teams. Suggest areas of improvement and make recommendations for what the team can do to a deal with any issues identified. To work with the team to provide papers to relevant PIC Committee meetings, ensuring they are kept informed of regulatory issues, projects, forward looking activities. Support the delivery of briefings to ensure that Executive and Non-Executive Directors are fully briefed on material matters being discussed with the Regulators alongside key emerging themes. To ensure accurate records of regulatory discussions and activity are maintained. To monitor regulatory communications and to work with the rest of risk and compliance and the business, to ensure we develop our processes to maintain ongoing compliance with changing regulations rules and expectations. Knowledge Knowledge of UK financial services regulations and regulators Must be willing and able to develop knowledge of PICs business processes, standards, policies and procedures; alongside maintaining broad relevant legal, regulatory and industry requirements Skills Strong organisational skills Strong working knowledge of MS Office packages, including Power BI and other IT tools. Strong communication skills, including written and oral communications Ability to be flexible and prioritise work to meet all relevant deadlines Ability to work within defined procedures as set out by functional teams Ability to consider regulation and apply this in day-to-day work Experience Experience of working on regulatory or risk issues Experience of working with a variety of business stakeholders Experience/knowledge in project management planning and support Insurance sector experience is desirable DE&I at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together. In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.
Role Purpose: Join our HR team and play a key role in supporting talent across PIC. As an Associate HRBP, you will partner closely with HR Business Partners while owning your own caseload-covering employee relations, parental leave, flexible working requests, performance improvement plans, and disciplinary investigations. You will also help shape and maintain our HR policies, employee handbook, and employment contracts, ensuring everything stays clear, consistent, and compliant with UK employment legislation. A great opportunity to deepen your HR expertise, work across diverse client groups and make a real impact. Key Responsibilities: Develop and update HR policies, procedures, and systems to enhance the employee experience and drive measurable improvements. Manage non complex employee relations cases, coaching managers to resolve issues confidently and in line with UK employment legislation. Support the Strategic Workforce Plan by partnering with Finance, Talent Acquisition, and senior leaders to manage headcount and employment costs. Co deliver engaging training sessions on HR best practice, regulatory changes, talent management, and employment law. Produce clear, insightful reports with analysis and recommendations to improve processes and drive efficiency. Knowledge of the financial services industry and experience working within a regulated environment. Technical Experience working in an HR function or supporting HR teams across areas such as HR Ops, Compensation & Benefits, Talent Development, and/or HR Business Partnering Strong working knowledge of UK employment legislation and HR best practice Familiarity with capacity planning, flexible working, PIPs, and probation processes Proven experience within one or more HR centres of excellence Exposure to organisational design, operating model changes, or HR led change initiatives. Experience delivering HR projects on time and within budget. Experience reviewing and updating HR policies. HR qualification or professional accreditation beneficial but not essential. Personal Strong organisational and communication skills Able to influence and persuade effectively, both directly and indirectly Excellent at prioritising and meeting deadlines within set processes Strong commercial judgement and decision making. Strong analytical skills, using data to create compelling insight and drive change - ideally with knowledge of Power BI Empathetic, humble, and human centric in approach DE&I at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together.
Feb 28, 2026
Full time
Role Purpose: Join our HR team and play a key role in supporting talent across PIC. As an Associate HRBP, you will partner closely with HR Business Partners while owning your own caseload-covering employee relations, parental leave, flexible working requests, performance improvement plans, and disciplinary investigations. You will also help shape and maintain our HR policies, employee handbook, and employment contracts, ensuring everything stays clear, consistent, and compliant with UK employment legislation. A great opportunity to deepen your HR expertise, work across diverse client groups and make a real impact. Key Responsibilities: Develop and update HR policies, procedures, and systems to enhance the employee experience and drive measurable improvements. Manage non complex employee relations cases, coaching managers to resolve issues confidently and in line with UK employment legislation. Support the Strategic Workforce Plan by partnering with Finance, Talent Acquisition, and senior leaders to manage headcount and employment costs. Co deliver engaging training sessions on HR best practice, regulatory changes, talent management, and employment law. Produce clear, insightful reports with analysis and recommendations to improve processes and drive efficiency. Knowledge of the financial services industry and experience working within a regulated environment. Technical Experience working in an HR function or supporting HR teams across areas such as HR Ops, Compensation & Benefits, Talent Development, and/or HR Business Partnering Strong working knowledge of UK employment legislation and HR best practice Familiarity with capacity planning, flexible working, PIPs, and probation processes Proven experience within one or more HR centres of excellence Exposure to organisational design, operating model changes, or HR led change initiatives. Experience delivering HR projects on time and within budget. Experience reviewing and updating HR policies. HR qualification or professional accreditation beneficial but not essential. Personal Strong organisational and communication skills Able to influence and persuade effectively, both directly and indirectly Excellent at prioritising and meeting deadlines within set processes Strong commercial judgement and decision making. Strong analytical skills, using data to create compelling insight and drive change - ideally with knowledge of Power BI Empathetic, humble, and human centric in approach DE&I at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together.
Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal. PIC is recruiting for a Head of Origination Business Partnering, who will partner with Origination to ensure PIC's pricing is competitive, appropriate for PIC's balance sheet, in line with the business plan and reflects the underlying risks. You will work closely with the Risk team to support second line review of pricing, and support the end-to-end process of on-boarding new business by ensuring that relevant information is shared between teams, including balance sheet impacts, unusual features of potential deals, implications for downstream processes and review of performance against pricing metrics. You will also ensure liabilities and reinsurance in the MA portfolio are MA eligible, with any ineligible elements reflected through appropriate deal structuring. Specific accountabilities assigned to the role of Head of Origination Business Partnering within the Capital, Insight and Actuarial department: Support and challenge New Business Pricing Develop a strong, detailed and deep knowledge of the company's New Business pricing methodology to support and challenge new proposals by the Origination team, highlighting key balance sheet impacts and known areas of prudence or optimism Perform model review (New Business Pricing Model) of any major development when required; Work with Origination and the relevant Heads of Assumptions and Internal Model Change to ensure PIC's pricing and reserving actuarial assumptions are consistent, highlighting the impact of any material difference to Senior Management Support Origination to develop clear Line 1 papers with compelling business cases highlighting key risks and mitigants to support decision making in committees Support and develop New Business Structuring Provide ongoing technical support to Origination's deal leads regarding unusual/complex deal features and MA eligibility, proposing solutions for any eligibility; Work with Origination's Head of Funded Re to develop PIC's Funded Reinsurance strategy; Work with the Co-heads of Origination to develop PIC's other NB strategy and risk limits and frameworks where required. Act as an SME when reviewing proposed new business structures against the Solvency UK regulations and support the Head of Regulatory Affairs in explaining key features of PIC's new business transactions to the PRA On-boarding of new deals Ensure timely sharing of information on prospective new BPA deals with other teams within PIC to facilitate smooth on-boarding of new deals, particularly ALM, Legal, Operations Reporting team and the Forecasting and Planning team Work with other members of the Business Partnering team to ensure cashflow matching for new business Team management Lead and manage the Origination Business Partnering Team (2 direct reports), ensuring the team's activities are appropriately resourced with the correct knowledge and skillset to deliver the relevant and agreed outcomes for the function. Elevate talent to develop and enhance both technical and non-technical skills required to deliver a strong and purposeful Business Partnering team. Look to improve processes, ensure scalability and support other ad hoc initiatives across the business DEI at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together. Experience: Proven, relevant post-qualified experience (Institute & Faculty of Actuaries or similar) Experience working in pensions or life insurance Knowledge: Good technical knowledge of a UK life insurer's balance sheets (UK Solvency II, IFRS 17) Understanding of UK DB pensions and bulk annuities Established knowledge of actuarial pricing techniques • Understanding of relevant regulations including the Matching Adjustment Skills: Strong communication skills and ability to build relationships to persuade and influence both directly and indirectly Ability to organise work to meet deadlines and commercial judgement Excellent numerical and analytical skills Ability to manage people and other resources effectively In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.
Feb 27, 2026
Full time
Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal. PIC is recruiting for a Head of Origination Business Partnering, who will partner with Origination to ensure PIC's pricing is competitive, appropriate for PIC's balance sheet, in line with the business plan and reflects the underlying risks. You will work closely with the Risk team to support second line review of pricing, and support the end-to-end process of on-boarding new business by ensuring that relevant information is shared between teams, including balance sheet impacts, unusual features of potential deals, implications for downstream processes and review of performance against pricing metrics. You will also ensure liabilities and reinsurance in the MA portfolio are MA eligible, with any ineligible elements reflected through appropriate deal structuring. Specific accountabilities assigned to the role of Head of Origination Business Partnering within the Capital, Insight and Actuarial department: Support and challenge New Business Pricing Develop a strong, detailed and deep knowledge of the company's New Business pricing methodology to support and challenge new proposals by the Origination team, highlighting key balance sheet impacts and known areas of prudence or optimism Perform model review (New Business Pricing Model) of any major development when required; Work with Origination and the relevant Heads of Assumptions and Internal Model Change to ensure PIC's pricing and reserving actuarial assumptions are consistent, highlighting the impact of any material difference to Senior Management Support Origination to develop clear Line 1 papers with compelling business cases highlighting key risks and mitigants to support decision making in committees Support and develop New Business Structuring Provide ongoing technical support to Origination's deal leads regarding unusual/complex deal features and MA eligibility, proposing solutions for any eligibility; Work with Origination's Head of Funded Re to develop PIC's Funded Reinsurance strategy; Work with the Co-heads of Origination to develop PIC's other NB strategy and risk limits and frameworks where required. Act as an SME when reviewing proposed new business structures against the Solvency UK regulations and support the Head of Regulatory Affairs in explaining key features of PIC's new business transactions to the PRA On-boarding of new deals Ensure timely sharing of information on prospective new BPA deals with other teams within PIC to facilitate smooth on-boarding of new deals, particularly ALM, Legal, Operations Reporting team and the Forecasting and Planning team Work with other members of the Business Partnering team to ensure cashflow matching for new business Team management Lead and manage the Origination Business Partnering Team (2 direct reports), ensuring the team's activities are appropriately resourced with the correct knowledge and skillset to deliver the relevant and agreed outcomes for the function. Elevate talent to develop and enhance both technical and non-technical skills required to deliver a strong and purposeful Business Partnering team. Look to improve processes, ensure scalability and support other ad hoc initiatives across the business DEI at PIC At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together. Experience: Proven, relevant post-qualified experience (Institute & Faculty of Actuaries or similar) Experience working in pensions or life insurance Knowledge: Good technical knowledge of a UK life insurer's balance sheets (UK Solvency II, IFRS 17) Understanding of UK DB pensions and bulk annuities Established knowledge of actuarial pricing techniques • Understanding of relevant regulations including the Matching Adjustment Skills: Strong communication skills and ability to build relationships to persuade and influence both directly and indirectly Ability to organise work to meet deadlines and commercial judgement Excellent numerical and analytical skills Ability to manage people and other resources effectively In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.
A financial service provider in the United Kingdom seeks a Head of Origination Business Partnering. The ideal candidate will oversee pricing strategies, working closely with the Risk team to ensure alignment with business objectives. Responsibilities include supporting onboarding processes, managing a team, and promoting robust pricing methodologies. Applicants should have a strong actuarial background with relevant experience in pensions or life insurance, and excellent communication and analytical skills. Competitive salary and benefits included.
Feb 19, 2026
Full time
A financial service provider in the United Kingdom seeks a Head of Origination Business Partnering. The ideal candidate will oversee pricing strategies, working closely with the Risk team to ensure alignment with business objectives. Responsibilities include supporting onboarding processes, managing a team, and promoting robust pricing methodologies. Applicants should have a strong actuarial background with relevant experience in pensions or life insurance, and excellent communication and analytical skills. Competitive salary and benefits included.