Pensions Risk Modelling Analyst

At OPAM (Oak Pension Asset Management), we manage the assets of the Barclays Bank UK Retirement Fund (UKRF), one of the UK’s largest Defined Benefit pension schemes, working within Trustee-set long-term goals and risk limits to protect members’ financial security.

As a Pensions Risk Modelling Analyst within the Risk, Analytics & Reporting team, you will play a key role in transforming complex portfolio data into meaningful insights that inform day-to-day investment decisions. This role involves assessing portfolio risk, liquidity and performance across a diverse range of global assets, including private markets, while continuously improving asset and liability modelling approaches. You will contribute to the development and maintenance of risk and portfolio systems, ensure data accuracy and robustness of outputs, and deliver clear, high-quality reporting to portfolio managers, internal stakeholders and external partners. In addition, you will support strong governance by monitoring investment guidelines, identifying emerging risks early, and collaborating across specialist teams to ensure analytics, tools and reporting remain fit for purpose and support well-informed, evidence-based decision-making.

To be successful as a Pensions Risk Modelling Analyst, you should have the following experience:

• Developing and improving analytics to assess portfolio risk, liquidity, collateral and cashflows, including liability-aware views across public and private markets
• Supporting portfolio management and risk systems in a multi-asset portfolio, reviewing assumptions and valuations, and ensuring outputs are accurate and reliable
• Production and improvement of risk, performance and liquidity reporting/modelling, manipulating large and complex data sets, with strong control mindset
• Working collaboratively with internal teams and external partners to support clear, evidence-based decisions

Some other highly valued skills may include:

• Exposure to actuarial or liability-related concepts within a pensions or investment context
• Experience with Python or similar tools, with an interest in automation and improving processes
• Familiarity with portfolio management or risk platforms (such as Aladdin or similar systems)

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is located within our London office.

Purpose of the role

To provide portfolio management and structuring capabilities implementing investment solutions for client transactions in a fund or other bespoke structure.  

Accountabilities

• Development and implementation of investment management strategies, considering market conditions, risk tolerance, and investment objectives.
• Management and monitoring of investment portfolios in line with investment objectives, including making asset allocation decisions to optimise returns and minimise risks.
• New product design and origination pipeline contribution through market research, assessment of client demand/needs and in collaboration with sales, structuring and other specialist teams.
• Partnering with other Markets Sales and Distribution teams to define pipeline activity to raise assets in existing funds.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.