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Head of Risk Production

USS

Head of Risk Production

Business Area: PAIR

Place of Work: London

Contract Type: Permanent

Hours: Full Time

The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
 
Our mission
To be the pension service of choice for the higher education sector for the long-term
 
The role
Responsible for the production and monitoring of risk statistics for the pension fund as a whole as well as individual parts.
 
Key responsibilities
Delivering Results 
- Take responsibility for accurate, efficient and timely reporting of risk reports that spans asset liability risks, counterparty risks, other risks and KPI/KRI reporting
- Identify bottlenecks in processes or tools and work to automate or enhance processes
- Drive control framework to ensure high quality processes (robustness, documentation, controls, key man risks)
- Contributing to reviews of methodology and assumptions
- Identifying key messages in output
Managing Resources 
- Drive and inspire team to drive automation and redesign of processes to achieve efficient risk reporting and monitoring
- Inspire team to take ownership and deep, detailed understanding of all risk models, feeds and calculations

Managing Relationships 
- Participate in discussions with stakeholders of risk-reporting to better understand requirements and to build trust

Managing Processes & Future Focus
- Cooperate closely with other team members in PAIR and ISA to scan for potential process improvements
- Partake in system and methodology reviews

Summary responsibilities
BAU
- Support the maintenance, enhancement, automation, quality control, and governance of key systems and processes supporting risk measurement and reporting
Projects
- Support the development, implementation, and productionisation of new or enhanced risk analytics, systems, and reporting
- Ad Hoc requests
- Provide analytical and technical support for ad hoc requests 
 
Your experience
Numerical degree in Finance, Statistics, Mathematics or the like
Experience of management of direct reports or team 
Long experience of working in a risk function within a pension fund or asset manager
Experience in improving production platforms and production processes
Comfortable working with and manipulating time series data and conducting statistical analyses
Understanding of financial markets and instruments gained through courses or experience
High degree of computer literacy, ability to programme in Excel VBA or MatLab
 
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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