Investment Risk Manager
The vacancy
At the Pension Protection Fund (PPF), we provide security in retirement for our members and millions of people throughout the UK who belong to defined benefit (DB) pension schemes. Through the PPF and Financial Assistance Scheme (FAS), we compensate members for their pensions after the employer funding their pension becomes insolvent. In total, we look after over 400,000 members across the PPF and FAS. With over £30 billion in assets under management, our investments support long-term economic growth across the UK.
Our award-winning team of around 450 professionals has earned the IPE UK Pension Fund of the Year title three times in seven years. We work closely with government and industry partners to improve outcomes for scheme members, employers, and the broader pension system - playing a vital role in strengthening retirement security nationwide.
We’re seeking an experienced Investment Risk Manager to join our 2nd Line Investment Risk team. This team is responsible for designing, developing, and implementing the independent risk oversight framework for the PPF’s investment portfolio, and for delivering high‑quality risk and portfolio analysis to support the wider Investment team.
In this role, you will take the lead on modelling, analysing, and reporting risks across our investment portfolio. You will monitor risk exposures, particularly within private markets, and engage regularly with both the Investment team and the Risk team to discuss findings, escalate concerns, and ensure appropriate risk management actions are taken. You will also provide independent assurance over processes owned by the Investment team, offering expert insight that strengthens decision‑making and enhances our overall risk oversight.
We’re looking for someone with experience in investment risk modelling and analysis, gained within an investment management environment or asset‑management firm, and exposure to both public and private market portfolios. You’ll be adept at building effective, trusting relationships with seasoned portfolio managers and confident communicating complex concepts and risks in a clear, transparent way. A deep understanding of investment risks across multiple asset classes and financial instrument, combined with an appreciation of portfolio construction, is essential.
Sound like you? Apply now.
We’re proud to be a Disability Confident Leader and actively encourage applications from people with disabilities. We are committed to ensuring our recruitment process is inclusive and accessible. If you require any reasonable adjustments during the recruitment process, please let us know. We are happy to discuss your needs and ensure you have the support required.
We embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you’ll be welcome here.
No agencies please
Who we are
We’re a statutory public corporation led by our board and accountable to Parliament through the Secretary of State for the Department for Work and Pensions. It's our duty to protect people with an eligible defined benefit pension when an employer becomes insolvent.
We’re proud of the work we do. Without us, many people would face significant financial hardship. We’re also proud of our people, all of whom are committed to our mission and to serving over 230,000 members.
Life at the PPF
Some of our Benefits
Defined benefit or defined contribution pension
Private medical insurance
Health cash plan
Corporate discretionary bonus scheme
Cycle to work scheme
EASIT rail travel discount
Flexible / hybrid working
Volunteer days
Gallery
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