Fund Governance Manager

V85103267

£50,788 - £52,805 Per Annum

Full Time

Permanent

Wiltshire, Wiltshire

Public Sector And Council

Posted 1 day ago

Expires In 27 Days

Job Description

Role Purpose

The purpose of the Fund is to meet all future pension liabilities of its scheme members, whilst at the same time seeking to minimise the contributions that need to be paid into the Fund by the employer bodies. The level of employer contributions is assessed every three years through an actuarial valuation of the Fund

Responsibilities

Delivery of services to support the Council and its partners in longer term; corporate compliance, contracting, planning, performance, policy and strategy
Focus on the business and service infrastructure of the Council and its partners to ensure effective management and proper compliance
Advice and services rendered will generally be accepted as authoritative and recommended practice
To be the main point of contact within the Pension Team on all matters relating to pension scheme governance, the Pensions Regulators Code of Practice 14 and all relevant statutory and non-statutory guidance impacting public sector schemes. Any material breach of this Code must be reported to the Penson Regulator, via the Local Pension Board who may impose fines on Wiltshire Council or civil prosecutions against individuals
To be responsible for all Fund governance arrangements, leading the development and implementation of the Funds wide-ranging governance related objectives set out in its business plan, reviewing these regularly and ensuring appropriate procedures are in place to measure success of achievement.
To be responsible for all Fund governance arrangements, leading the development and implementation of the Funds wide-ranging governance related objectives set out in its business plan, reviewing these regularly and ensuring appropriate procedures are in place to measure success of achievement.
Maintaining the Fund’s breaches log and reporting all breaches to the Pension’s Regulator or Information Commissioner, as appropriate. Resolving any fines that may be levied against the Fund as a result of any such breaches and managing the reputational risk for the Committee.
Reporting all breaches to the Pension Committee and Local Pension Board, setting out the agreed plans being put in place to resolve any such failings for the future.
Developing and maintaining for the Head of Wiltshire Pension Fund all terms of reference, structure, roles/responsibilities, constitution etc. of the Fund’s Pension Committee and Local Pension Board
Ensuring the Fund has all key strategy and policy documents in place (e.g., FSS, ISS, Communications policy, Administration Strategy, Discretions polies, etc.) for the Head of Pensions, Pension Committee and Local Pension Board in and that these are regularly reviewed and updated where required and performance in line with these policies is reported to Committee / Local Pension Board.

Requirements

A degree and relevant professional qualification such as (IPPM, PMI, CII) or related discipline (or ability to demonstrate skills at the required level)
Extensive knowledge of the LGPS Regulations
Significant previous experience of providing governance services to a large defined benefit pension scheme, with reference to Committee management and national LGPS governance standards
Ability to demonstrate good governance and best practice in a pensions environment through compliance with industry standards and evidence of system and process improvements.
5 years’ experience of working in administering a large defined benefit pension scheme
Excellent knowledge of defined benefit pension scheme management and the major factors and issues involved in pension service delivery such as the administrative, operational and financial elements.
Significant knowledge and experience of business planning
Extensive knowledge and experience of procurement and compliance standards
Excellent knowledge and experience of developing and delivery training programs to a diverse audience.
Significant experience of working in a complex environment with conflicting priorities and financial issues
referably experience with Altair LGPS System
Working knowledge of Local Government Pension Scheme regulations
Proven business presentation skills