Senior Risk Manager

Nest Pensions; Greater London; Hybrid; GBP 90,000 - 125,000; Full time

Job summary

Nest Pensions is seeking a Senior Risk Manager to lead the Enterprise Risk Management efforts within Nest Invest. You will own risk processes, partner with risk owners and investment teams, and provide independent oversight to influence strategic decisions.

You will embed risk culture across the organisation, develop risk appetite, KPIs and reporting, and enhance governance through horizon scanning and proactive risk mitigation. Hybrid working in London is supported.

Qualifications

• Experience in Enterprise Risk Management within Financial Services, ideally pensions, investment management or asset management.
• Experience operating within a Second Line of Defence (2LOD) risk function, providing effective oversight while working collaboratively with the business to achieve sustainable risk outcomes.
• Strong understanding of Enterprise Risk Management frameworks, risk appetite, Key Risk Indicators, risk registers and governance processes.
• Experience preparing high-quality risk reporting and presenting risk insights to senior management, Risk Committees and Boards.
• Experience identifying, assessing and monitoring strategic, operational, investment and emerging risks, including horizon scanning and scenario analysis.
• Good knowledge of prudential regulatory requirements and risk management best practice.
• Experience facilitating risk event management, root cause analysis and continuous improvement of the control environment, working with business areas to drive practical and effective improvements.
• Strong analytical and problem-solving skills, with the ability to interpret complex data, provide objective challenge and support better business decisions.
• Excellent stakeholder management, influencing and communication skills, with the ability to build trusted, collaborative relationships across all levels of the organisation and work effectively with business teams to embed risk management practices.
• A proactive and solutions-focused approach, with the ability to identify areas where risk management can enable business objectives, improve processes and support organisational success.
• Excellent planning, organisational skills and attention to detail, with the ability to manage multiple priorities, respond to evolving business requirements and deliver high-quality outcomes.
• Experience using enterprise risk management systems; knowledge of Protecht would be advantageous.
• Risk and/or investment management qualifications would be beneficial.

Responsibilities

• Identify, assess and monitor strategic, operational, investment and emerging risks.
• Embed risk management across Nest Invest and strengthen governance and controls.
• Develop risk reporting, risk appetite and KPI metrics for senior stakeholders.
• Coordinate with risk owners, investment teams and committees on risk matters.
• Facilitate root cause analysis and continuous improvement of control environment.
• Translate risk insights into actionable recommendations for business decisions.

Skills

ERM

Second Line of Defence

Risk reporting

Stakeholder management

Regulatory knowledge

Quantitative analysis

Governance

Tools

Protecht

Job description

The Role

As our Senior Risk Manager, you'll sit within the Nest Invest Risk Function (Second Line of Defence) and support the development, implementation and continuous enhancement of our Enterprise Risk Management Framework. You'll work closely with risk and control owners, investment teams, senior management and the Risk & Compliance Committee to embed effective risk management across our organisation and ensure risk-informed decision-making aligned to our strategic objectives.

In this role, you'll focus on identifying, assessing and monitoring strategic, investment and operational risks, translating risk insights, emerging threats and market developments into actionable recommendations that strengthen governance and our control environment. You'll combine enterprise risk management expertise with analytical thinking to enhance risk reporting, support the development of risk appetite and Key Risk Indicators, maintain our Active Risks and Opportunities register, and improve the robustness, consistency and transparency of risk management across Nest Invest.

The Person

We're looking for an experienced Risk Manager with a strong background in Enterprise Risk Management within Financial Services. You'll be able to take ownership of enterprise risk processes, build effective relationships across the business, provide independent oversight and constructive challenge, and act as a trusted risk partner to enable informed business decision‑making. You'll proactively identify opportunities to strengthen our risk maturity, support the business in managing risk effectively, and translate complex risk analysis into clear and meaningful insights for senior stakeholders.

You’ll have:

• Multiple years’ experience in Enterprise Risk Management within Financial Services, ideally pensions, investment management or asset management.
• Experience operating within a Second Line of Defence (2LOD) risk function, providing effective oversight while working collaboratively with the business to achieve sustainable risk outcomes.
• Strong understanding of Enterprise Risk Management frameworks, risk appetite, Key Risk Indicators, risk registers and governance processes.
• Experience preparing high-quality risk reporting and presenting risk insights to senior management, Risk Committees and Boards.
• Experience identifying, assessing and monitoring strategic, operational, investment and emerging risks, including horizon scanning and scenario analysis, with the ability to proactively anticipate and respond to changing business needs.
• Good knowledge of prudential regulatory requirements and risk management best practice.
• Experience facilitating risk event management, root cause analysis and continuous improvement of the control environment, working with business areas to drive practical and effective improvements.
• Strong analytical and problem-solving skills, with the ability to interpret complex data, provide objective challenge and support better business decisions.
• Excellent stakeholder management, influencing and communication skills, with the ability to build trusted, collaborative relationships across all levels of the organisation and work effectively with business teams to embed risk management practices.
• A proactive and solutions-focused approach, with the ability to identify areas where risk management can enable business objectives, improve processes and support organisational success.
• Excellent planning, organisational skills and attention to detail, with the ability to manage multiple priorities, respond to evolving business requirements and deliver high‑quality outcomes.
• Experience using enterprise risk management systems; knowledge of Protecht would be advantageous.
• Risk and/or investment management qualifications would be beneficial.

Organisational Overview

Nest is an award-winning workplace pension scheme and the largest in the country.

Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We're committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.

Directorate/Department Overview

Our Investment Directorate (Nest Invest) is responsible for investing our members’ contributions to grow their retirement pots over the long term. Our responsibilities include:

• Asset allocation and portfolio risk management
• Manager selection and monitoring
• Responsible investment
• Investment communications
• Fund administration
• Investment technology and financial modelling
• Contributing to the development of the investment proposition

From December 2019, our investment team was seconded into Nest Invest Ltd (Nest Invest), the investment subsidiary of Nest Corporation.

Nest Invest is authorised and regulated by the Financial Conduct Authority (FCA). For the successful role holder, this means working in a regulated entity and being required to adhere to certain rules and behaviours included in the FCA's Code of Conduct (COCON), specifically the individual Conduct Rules defined by the FCA.

Flexible and Agile Working

We know everyone's personal situation is different. To help you make the most of hybrid working, we've introduced different ways of working, which include (subject to role requirements):

• Hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office once or twice a week, or more, as required)
• Reduce or vary working hours
• Reduce or vary the days worked
• Work compressed hours
• Job share

Diversity, Equity and Inclusion

Everyone is welcome to apply for our roles and we particularly encourage applications from Black, Asian and minority ethnicity, LGBTQ+, and disabled candidates.

Everyone is welcome to apply for our roles, and we're determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio‑economic background, sex, sexual orientation, religion or race, or any other legally protected status.

We also recognise the importance of diversity of thought and other forms of neurocognitive variation.

As a Level 2 Disability Confident organisation, we're part of the guaranteed interview scheme. This means that if you meet the minimum criteria for this role, you'll automatically be put forward for an interview.

Please note that this advert may close early if we receive a sufficient number of satisfactory applications.