Risk Analyst

Railpen; Greater London; Hybrid; GBP 60,000 - 75,000; Full time

Benefits offered by this job

Competitive salary

28 days annual leave plus bank holidays

Employee assistance programme

Health cash plan

Give as you earn scheme

Job summary

A prominent pension fund management entity based in London is seeking a Framework Analyst on a fixed term basis until December 2026. The successful candidate will support the Risk Frameworks team in delivering regulatory projects, focusing on risk governance and compliance. Key skills required include an understanding of risk frameworks, project management experience, and strong communication skills. This hybrid position offers a competitive salary, 28 days annual leave, and other benefits.

Qualifications

• Strong understanding of risk frameworks, governance, and compliance requirements.
• Experience in managing projects and delivering on tight deadlines.
• Proactive and detail-oriented with the ability to work independently.
• Excellent communication and stakeholder engagement skills.

Responsibilities

• Support the Risk Frameworks team in delivering regulatory projects.
• Assist in the development of Enterprise Risk Framework and Internal Controls.
• Deliver the controls element of the Effective System of Governance.
• Contribute to the ESOG controls work and align with risk governance requirements.

Skills

Understanding of risk frameworks

Governance knowledge

Experience in enterprise risk management

Project management

Excellent communication skills

Collaboration skills

Attention to detail

Job description

We have an incredible opportunity for a Framework Analyst to join our team based in London on a fixed term basis until December 2026. (hybrid based).

Who we are

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.

The Role

As a Risk Framework Analyst working on the General Code of Practice (GCOP) regulatory project, you will support the Risk Frameworks team in delivering the Own Risk Assessment (ORA) and Enterprise Risk priorities for the Trustee. You will also assist in the development of Enterprise Risk priorities, including the Enterprise Risk Framework, Policy and Directive, Scheme Risk Register, and Internal Controls.

You will also support the delivery of the controls element of the Effective System of Governance (ESOG) and perform the ORA as part of the GCOP project. Ensuring timely and accurate delivery of ORA activities in line with the agreed schedule will be a key part of your role.

The Person

We’re looking for someone with a strong understanding of risk frameworks, governance, and compliance requirements, combined with experience in enterprise risk management and internal controls. You should have the ability to manage projects and deliver to tight deadlines, excellent communication and collaboration skills, and confidence to engage stakeholders at all levels. A proactive, detail-oriented approach and the ability to work independently are essential.

Collaboration is essential, as you will work closely with external consultants, Change & Transformation teams, and subject matter experts to keep the project on track and aligned with requirements. You may also be asked to carry out other duties as reasonably requested.

You’ll champion our values by influencing and communicating effectively to support decision‑making, collaborating openly with risk peers and business units to share best practices, and acting as a role model for accountability and reliability, ensuring excellence in policy and governance.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.

What we can offer you

Rewarding you

• A competitive salary (depending on experience)
• 28 days annual leave, plus bank holidays
• Employee assistance programme
• Health cash plan

Lifestyle

• Give as you earn scheme

Next Steps

Please apply via the apply button or visit Careers at Railpen by Monday 2nd March 2026.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.