TPT Retirement Solutions has 75 years' experience and is one of the UK's leading providers of workplace pensions, recognised for its innovation and high quality service. We provide schemes for some of the UK's leading organisations, including building societies, housing associations and well-known charities. As we have no shareholders, our priority is to achieve our mission - of making membership worthwhile - for over 2,600 employers and 389,000 members.
As an employer, we believe in finding and investing in the right people so that they can grow with us. Our focus is on helping them to succeed by providing them with the right tools, support and career development opportunities - demonstrated by our long-standing Investors in People Gold accreditation. In turn, our business grows and we can achieve our ambitious goals.
We are now seeking to recruit a further a Responsible Investment Manger in this newly created role to join the team.
You will enable TPT to achieve the Responsible Investment (RI) ambition set by the Trustee Board in order to develop and implement polices and activities to support regulatory requirements and the RI Principles and Objectives agreed by the Trustee, develop and implement of reporting processes to key stakeholders e.g. Investment Committee, Trustee Board and play an active role in the RI community to inform TPT's RI position.
Areas of Responsibility
1. To develop and take ownership of the TPT's vision, Business Plan and values, and to be totally committed to these.
2. To ensure the team takes ownership of and is totally committed to TPT's vision, business plan and values, and to be totally committed to these.
3. Be the lead for all of TPT's RI activities.
4. Work with the Trustee Board and Investment Committee to set and develop TPT's RI ambition
5. To ensure TPT meets all regulatory requirements relating to RI and is prepared for the evolving regulatory environment
6. Work with Head of Policy (and other management) to communicate RI activities and ensure alignment in Policy both internally and externally
7. Deliver reporting in line with regulatory and Trustee requirements including (but not limited to):
a. PRI Survey
b. Implementation Statement
c. TCFD
d. FRC Stewardship Report
8. Develop and oversee implementation of RI policies and frameworks (covering both Responsible and Ethical), ensuring they are consistent with Trustee Board/Investment Committee objectives and sponsor requirements
9. Oversee the incorporation of TPT's RI approach into all aspects of the investment portfolio, including strategy, implementation and oversight
10. Be responsible for the framework and consistency of application of RI manager ratings
11. Provide oversight and reporting on the voting and engagement with investment managers
12. Work with the Head of Policy to represent TPT's view at regulatory bodies and lead TPT's external RI engagement activities relating to portfolio holdings (either directly or indirectly through industry bodies)
13. Incorporate best practices from across the industry into all aspects of the investment portfolio, including strategy, implementation and oversight
14. Recommend data, tools and resources to fulfil the duties described
15. Provide RI training to both internal and external customers
The successful individual should ideally have the following experience and personal attributes:
• An understanding of the differences between Defined Benefit and Defined Contribution benefit structures, particularly around the impact this has on the setting RI policies e.g. who is responsible for the investment decision
• In depth knowledge of key asset classes and strategies, and the implications for implementation of RI practices
• Strong presentation and communication skills
• Use of initiative and independence, able to deliver projects independently working with internal and external stakeholders
• Is able to engage with others at a senior level to influence change
• Strong understanding of the regulatory environment on the implementation of Responsible Investment
• Able to articulate the key challenges facing UK asset owners with regards to the development and implementation of Responsible Investment, and how they might be addressed
• Experience in leading external engagements with both regulatory bodies and portfolio companies