The Vacancy
Our Insights and Analytics (I&A) Business Unit brings together multi-disciplined teams of specialists across pensions, finance, risk modelling, data management and enterprise solutions. Drawing on deep technical expertise, we work closely with our consulting teams across the firm to deliver innovative and market-leading modelling and analytics, providing meaningful insights that underpin high-quality advice and help make a real difference to the financial futures of millions of people across the UK.
We have an exciting opportunity to join our Business Unit as a Risk and Modelling Consultant. This is a great opportunity for someone who enjoys solving complex problems, working with talented colleagues and seeing their analysis make a real difference. We are open to candidates on either a full-time or part-time basis.
What will your role look like?
You’ll work closely with actuarial and investment client teams to scope and deliver high-quality modelling work, with a particular focus on strategy and Liability-Driven Investment (LDI) projects (with opportunities to get involved in a broader range of work). You’ll review technical analysis, interpret modelling outputs and support consultants in turning complex results into clear, practical advice for clients. You’ll also act as a trusted adviser on our wider suite of in-house analytics, helping colleagues understand how to use our tools effectively and draw meaningful insight from them. Beyond day-to-day delivery, you’ll have scope to shape how we work. This could include collaborating with proposition teams, Service Innovation and Delivery Groups, or software development teams to improve the analytics behind our services, supporting new ideas and helping us continue to improve the way we use modelling across the firm.
Though this is a varied role, your key tasks will include:
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Leading modelling projects, including strategy and LDI exercises, from initial scoping through to delivery.
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Helping client teams deliver strategic advice that is underpinned by robust modelling and sound technical analysis.
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Turning complex outputs into clear, practical insight for consultants, clients and internal stakeholders.
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Acting as a subject matter expert on modelling within project teams and across the wider firm.
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Supporting colleagues to use and interpret our in-house analytics tools with confidence.
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Sharing knowledge and providing technical leadership within the team.
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Spotting opportunities to enhance existing services and develop new solutions for clients.
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Helping shape the development, governance and strategic direction of modelling solutions across the business.
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Working on varied projects that support client delivery, innovation and operational improvement.
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Mentoring colleagues across modelling and development teams.
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Maintaining high standards of governance, documentation and professional compliance.
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If you have experience and an interest in coding then there will also be opportunities to be involved in model development work - but this is not essential for the role.
To enjoy and succeed in this role, you will have:
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Experience in a related role (e.g. actuarial or investment consulting, investment research, or other relevant experience), with an interest in developing knowledge of asset-liability modelling (ALM) or Liability-Driven Investment (LDI) modelling in a pension scheme context.
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Strong numerical, analytical and data manipulation skills.
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A broad understanding of UK pensions legislation, investment principles or both.
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The ability to communicate technical ideas clearly and build strong relationships with stakeholders.
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A collaborative approach and the confidence to lead work, share ideas and support others.
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Advanced Excel skills. Coding experience would also be helpful, but is not essential.
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Familiarity with economic scenario generation would be helpful but is not essential.
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We welcome applications from candidates with Institute and Faculty of Actuaries (IFoA) or Chartered Financial Analyst (CFA) qualifications. However, these qualifications are not essential for success in this role. We also provide study support for candidates who are actively working towards either qualification.
If this role interests you but you do not meet every requirement, we would still encourage you to apply. We value different routes into modelling, including people who have built strong technical, consulting or analytical skills elsewhere and want to develop in this direction. We will support the right person to build the additional modelling knowledge needed to grow in the role. We would also be keen to hear about any other skills, experience or perspectives you could bring to the team.
In addition to a competitive salary and access to our profit share scheme, we offer:
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A flexible selection of employee benefits, so you can choose a package that best matches your lifestyle and needs.
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A collaborative and encouraging work environment where your thinking and ideas are encouraged.
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On site mental health and wellbeing assistance.
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A commitment to helping you develop both personally and professionally, with mentoring opportunities and access to our award-winning learning portal, Aspire.
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Regular social activities, in addition to three days paid volunteering leave each year and a day’s leave to celebrate your birthday.
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Hybrid working so you can enjoy the positive wellbeing of working from home as well as the benefits of meeting colleagues in our sociable, modern office environments – with the expectation of two ‘in-office’ days per week.
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A flexible working window, allowing colleagues the freedom to work flexibly between the hours of 7am and 7pm.
Please note that we recruit on a rolling basis so early applications are recommended to avoid disappointment.
We are open to the successful candidate being based in any of our four offices (Glasgow, Edinburgh, London or Birmingham). We offer hybrid working so you can enjoy the positive wellbeing of working from home as well as the benefits of meeting colleagues in our sociable, modern office environments.
We are continually working to improve our inclusive culture and employ diverse talent. We therefore welcome applications from people from all backgrounds, which includes but isn’t limited to age, disability, ethnic heritage, gender, marital or civil partnership status, neurodiversity, religion, sexual orientation, and socio-economic background.
We work alongside employers, trustees and financial services institutions, offering independent pensions, investments, benefits and risk consulting services, as well as data and technology solutions.
That's the who and the what. More important is the 'why'. The work we do may not always seem the sexiest. But it's difficult, it's complex, and it's important. We help our clients, their employees, members and customers make decisions that have real and direct consequences on their financial futures.
For 100 years we've taken this responsibility seriously. Together, as a team and with our clients and partners, we're here to build better futures.
