DC Master Trust Technical Manager - London

Mercer; Greater London; On-site; GBP 90,000 - 125,000; Full time

Job summary

Mercer in London seeks a DC Master Trust Technical Manager to ensure Master Trusts remain compliant with regulatory legislation and oversee operational risk within the governance framework.

The role reports to the Mercer DC Governance and Oversight Leader and involves working with internal teams and external stakeholders, including regulatory bodies, to implement changes and drive best practices across the Master Trust portfolio.

Qualifications

• Broad technical knowledge and experience related to Master Trusts
• In-depth DC Pensions Technical acumen
• Understanding of DC Pensions administration processes
• In-depth understanding of regulatory obligations from a TPR perspective
• Proven track record of working with senior stakeholders and external stakeholders such as The Pensions Regulator

Responsibilities

• Work with relevant stakeholders to identify, monitor, and communicate changes in applicable pensions law, regulatory requirements, and industry good practice
• Provide ongoing technical expertise on matters concerning applicable pensions law, regulatory requirements and industry good practice working with legal and compliance functions
• Where appropriate, review documentation ensuring compliance with applicable pensions law, regulatory requirements, and industry good practice
• Provide input to DC Master trust projects, including those required to implement regulatory/legislative change and product enhancements
• Provide oversight of third-party administrator's compliance frameworks and activities, providing guidance and challenge as necessary
• Regularly assess regulatory risks across the Scheme, supporting their identification and management
• Prompt escalation of significant issues and regulatory risks to relevant stakeholders, including the Scheme Strategist and the Trustee
• Provide review of operational incidents
• Attend and be a prominent voice at Trustee governance meetings and other appropriate oversight meetings, providing advice to the Trustee and Scheme Strategist on operational compliance matters
• Comprehend detailed aspects of our Master Trust business and that you can communicate these in a clear and straightforward manner
• Build strong and collaborative relationships with the Operational and third party administrative teams and work closely with them to promote a best-practice approach

Job description

Mercer has an opportunity for a DC Master Trust Technical Manager to join our team in London. Reporting to the Mercer DC Governance and Oversight Leader, the successful candidate will be responsible, alongside members of the team, for ensuring Mercer's DC Master Trusts continue to maintain compliance with all relevant regulatory legislation. This individual works with the wider team on operational-related oversight management.

We will count on you for:

• Work with relevant stakeholders to identify, monitor, and communicate changes in applicable pensions law, regulatory requirements, and industry good practice
• Provide ongoing technical expertise on matters concerning applicable pensions law, regulatory requirements and industry good practice working with legal and compliance functions
• Where appropriate, review documentation ensuring compliance with applicable pensions law, regulatory requirements, and industry good practice
• Provide input to DC Master trust projects, including those required to implement regulatory/legislative change and product enhancements
• Provide oversight of third-party administrator's compliance frameworks and activities, providing guidance and challenge as necessary
• Regularly assess regulatory risks across the Scheme, supporting their identification and management
• Prompt escalation of significant issues and regulatory risks to relevant stakeholders, including the Scheme Strategist and the Trustee
• Provide review of operational incidents
• Attend and be a prominent voice at Trustee governance meetings and other appropriate oversight meetings, providing advice to the Trustee and Scheme Strategist on operational compliance matters;
• Comprehend detailed aspects of our Master Trust business and that you can communicate these in a clear and straightforward manner
• Build strong and collaborative relationships with the Operational and third party administrative teams and work closely with them to promote a best-practice approach

What you need to have:

• Broad technical knowledge and experience related to Master Trusts;
• In-depth DC Pensions Technical acumen;
• Understanding of DC Pensions administration processes
• In-depth understanding of all aspects of regulatory obligations from a TPR perspective
• Proven track record of working with senior stakeholders and external stakeholders such as The Pensions Regulator

What makes you stand out:

• Be able to communicate at all levels of the business, and to external parties
• Tenacity to drive improvement and risk reduction across the business
• Excellent communication skills
• The ability to digest and interpret complex regulations and relay to colleagues, trustees and Strategists.

Why join our team:

• We help you be your best through professional development opportunities, interesting work, and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [e-mail].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.