Investment / ALM Risk Analyst

Responsibilities

Delivering Results

Works with Investment Strategy & Advice (ISA) and Performance and Investment Risk (PAIR) to embed stochastic ALM analytics into the front- and second-line risk frameworks across DB and DC.
Supports the integration of the liabilities into the asset allocation process, as well as the liability hedging programmes into the portfolio construction process (DB).
Supports the ongoing development of the DC Glidepath, life-style options and potential future post-retirement offering
Supports the Head of Strategic Advice and ALM and Funding Strategy teams in the scheme triennial valuation process
Supports the CEO and USSIM Asset Allocation Committee ("AAC") in portfolio construction and the long-term strategic asset allocation decision process
Remains abreast of investment market and pension related developments and actively incorporates knowledge in the development of strategic initiatives
Supports the preparation of committee papers for the relevant boards, coordinating and liaising with Head of Strategic Advice and ALM on content and other requirements.
Continue to improve the consistency of market data used for analytics originated by ISA
Ensures the asset inventory and model compliance are up to date for internally developed ALM models

Managing Resources

Maintains constant dialogue with the Senior ALM Specialist, Head of Strategic Advice and ALM and Funding Strategy Team
Operates a quality assurance process to ensure consistency and accuracy across the team
Remains abreast of wider initiatives, particularly among Funding Strategy, CEO and PAIR functions
Ensures all process documents are up to date for the most efficient use of resources

Experience

Essential

A great attitude - proactive and enthusiastic
Attention to detail
Previous experience in investment risk
Ability to communicate effectively in both written papers and oral presentations
Familiarity with quantitative methods (statistics, econometrics, etc.)
Intellectual curiosity - willingness and ability to investigate and develop new ideas
Proficient at prioritisation, project organisation, and management of multiple workstreams

Desirable

Familiarity with UK defined benefit pension topics
Undergraduate qualification with economics, finance and statistic content and/or progress towards post-graduate investment/actuarial qualification (e.g. CFA, FIA)
Good understanding of institutional asset classes (including LDI, equities, credit and private markets)
Good understanding of macroeconomics, actuarial and investment theory
IT and programming skills (e.g. Excel, VBA and Python)

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