Risk Framework Manager

Railpen; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading pension fund management company in London is seeking a Risk Framework Manager to oversee risk assessment and governance frameworks. This role involves managing critical projects, developing policies, and ensuring effective communication with stakeholders. A strong background in enterprise risk management, leadership skills, and the ability to work collaboratively is essential. The company offers a competitive salary, generous leave, and a commitment to diversity, providing an inclusive environment for all employees.

Benefits

Competitive salary

28 days annual leave plus bank holidays

Defined Contribution pension

Employee assistance programme

Health cash plan

Eye care vouchers

Flu vaccination

Give as you earn scheme

Paid volunteering days

Qualifications

• Proven experience in enterprise risk management and internal controls.
• Strong project management skills to deliver complex initiatives.
• Ability to communicate complex information clearly to senior audiences.

Responsibilities

• Lead delivery of the Own Risk Assessment for the Trustee.
• Oversee delivery of controls for the Effective System of Governance.
• Report ORA findings and contribute to Committee and Board papers.

Skills

Leadership

Risk frameworks knowledge

Project management

Stakeholder engagement

Communication skills

Job description

Intro

We have an incredible opportunity for a Risk Framework Manager 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 Manager working on the General Code of Practice (GCOP) regulatory project, you will lead, with support from the Head of Risk Frameworks, the delivery of the Own Risk Assessment (ORA) and Enterprise Risk priorities for the Trustee. You will take responsibility for developing and embedding the Enterprise Risk Framework, Policy and Directive, the Scheme Risk Register, and documenting internal controls. This is a unique opportunity to take ownership of critical projects that shape enterprise risk management and strengthen our governance framework.

You will oversee the delivery of the controls element of the Effective System of Governance (ESOG) and manage the ORA process as part of the GCOP project. A key part of your role will be ensuring that ORA findings and recommendations are reported clearly and concisely to the Trustee, while contributing to Committee and Board papers to keep stakeholders informed of progress.

The Person

We’re looking for a confident leader with deep knowledge of risk frameworks, governance, and compliance requirements. You should have proven experience in enterprise risk management and internal controls (including testing and remedial actions), combined with strong project management skills and the ability to deliver complex initiatives to tight deadlines.

Excellent communication and stakeholder engagement skills are essential, as is the ability to present complex information clearly to senior audiences. You’ll be proactive, detail-oriented, and capable of working independently while influencing and guiding others.

Collaboration is essential, as you will work closely with external consultants, Change & Transformation teams, and subject matter experts to ensure the project plan is delivered on time and meets all 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, fostering collaboration across 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
• Defined Contribution pension

Heath & Wellbeing

• Employee assistance programme
• Health cash plan
• Eye care vouchers
• Flu vaccination

Lifestyle

• Give as you earn scheme
• Paid volunteering days

Next Steps

Please apply via the apply button or visit Careers at Railpen by 5pm on Tuesday 20th January 2026.

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