Job ref: 229757
TPR grade: Grade 6 & Advisory
About us
More than half the UK working population rely on The Pensions Regulator (TPR) to regulate their retirement savings. With a career at TPR, you’ll be joining an organisation that will impact on millions of lives for decades to come.
Everyone at TPR plays an important role in helping to keep more than £2 trillion of savings safe. We’re committed to bringing people into TPR who are ready to make a difference and put UK savers at the heart of what we do.
It is important to us that TPR remains a great place to work. We do all we can to help our people reach their full potential with learning, secondment, and development opportunities. We put our 900+ employees first, supporting flexible working and offer a diverse, lively, and inclusive environment. This includes our Disability Network, Family Network, LGBT+ Network (Proud), Minority Ethnic (ME) Network and Women’s Network, which offer spaces to connect.
Our new corporate strategy outlines a bold and challenging vision of how pensions regulation should evolve to keep pace with a change in the scale and nature of the industry. We are at the start of that journey. Join us to find out what part you can play.
We operate a hybrid working model, with regular attendance in our Brighton office to connect with colleagues across the business.
Role
Are you an experienced actuarial or financial modelling professional with a passion for leadership and insight-driven decision-making? We’re looking for a dynamic individual to assist in the leadership of the modelling area for our Pensions Insights and Modelling (PIM) team.
This is a role for someone who thrives on both technical excellence and leadership. You will:
- provide expert actuarial and financial modelling advice to support regulatory objectives
- manage and develop a team of actuarial modellers within the Pension Insights and Modelling team
- lead the governance, design, maintenance, and operation of actuarial and financial models
- ensure all models meet government analytical and professional actuarial standards
- deliver high-quality, timely modelling outputs and analysis to support decision making across the organisation
- communicate complex modelling insights clearly to internal and external stakeholders
- contribute to the development of policy and regulatory positions through modelling and pension insights
Responsibilities
As a Principal Modeller, you will:
- lead and manage a team of skilled modellers, providing mentoring, support, and regular performance feedback
- oversee the day-to-day operations of the team, including work allocation, prioritisation, and cross-team collaboration
- ensure all modelling outputs meet professional standards and are robust, accurate, and fit for purpose
- take ownership of the modelling process, from data governance and assumption setting to model development and quality assurance
- deliver outputs that inform key decisions across TPR, including policy development, and regulatory interventions
- collaborate with data and digital teams to ensure our modelling and data infrastructure remains modern, efficient, and reliable
- provide expert advice on model risk, data limitations, and actuarial methodologies, and propose solutions to mitigate these risks
- support the Head of PIM and Lead Actuaries with strategic planning, budgeting, recruitment, and learning and development initiatives
- represent the PIM team in external engagements with government partners, industry bodies, and academic institutions
- drive knowledge sharing and training across the team, helping to build internal capability and maintain high professional standards
Essential and desirable criteria
Essential
- Actuarial Expertise: Member of the Institute and Faculty of Actuaries (IFoA) with significant pensions and modelling experience, and an in-depth knowledge of the actuarial responsibilities and standards associated with the modelling of pension schemes and other financial markets.
- Consulting & Leadership: Experience in a consulting environment, managing and training teams and delivering high-quality actuarial advice.
- Technical Knowledge: Deep understanding of UK pensions, financial markets, actuarial modelling (DB & DC), and relevant legislation.
- Communication: Excellent written and verbal skills; able to explain complex topics clearly.
- Analytical Skills: Strong problem-solving ability, especially in model development and risk analysis.
- Collaboration: Proven ability to work across disciplines (eg legal, investment, data).
- IT Skills: Advanced Excel (including VBA); quick to learn new software.
Desirable
- Fellow of the Institute and Faculty of Actuaries.
- Training & Representation: Experience presenting and representing organisations externally.
- Policy & Innovation: Contributing to policy development and creating models for new legislation.
- Emerging Risks: Ability to research and model emerging pension risks.
Person specification
- Leadership skills.
- Ability to prioritise and use initiative.
- Problem solving and analytical skills.
- Communication skills at all levels.
- Attention to detail and accuracy.
Salary and benefits
As well as a salary starting from £80,513, we offer:
- Civil Service Pension arrangements, which are recognised as some of the best in the pensions world
- discretionary bonus arrangements
- access to performance related pay progression
- 25 days annual leave provision
- flexible working arrangements
- development opportunities
- enhanced parental leave arrangements
- a free employee assistance programme
- an excellent office location in Brighton
How to apply
To apply please email recruitmentteam@tpr.gov.uk quoting role reference number 229757 along with:
- a covering letter with details of how your skills and experience meet the role requirements
- a copy of your CV
- details of your notice period
Current TPR employees in their first 12 months of employment who want to apply for this vacancy should first contact their line manager to discuss their application.
We are an inclusive employer and offer equal opportunities regardless of an individual’s age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex, and sexual orientation.
As a Disability Confident employer, we’re committed to the recruitment, employment, retention, and development of people with disabilities, and to improving their employment opportunities. Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.
Due to the nature of this role, we are only able to consider full-time applications at 35 hours per week.
In accordance with Home Office guidance, the successful candidate will be required to provide their right to work in the UK before they start employment. Unfortunately, TPR is not able to offer sponsorship at the time. TPR is a UK-based organisation with a working location in Brighton, candidates must live in the UK to be employed by us.
TPR is an arm’s length government body and part of the public service.
Any offer of employment will be subject to the receipt of satisfactory background screening checks and criminal record checks (BPSS).
Whilst it is our aim to respond to all applicants, if you have not heard from us within 21 days of the advert closing, please assume you have been unsuccessful on this occasion. Specific feedback will only be provided if you have attended an interview or assessment.
If you have any queries about this role, or if you have a disability and wish to request a reasonable adjustment at any stage of the recruitment process, please email recruitmentteam@tpr.gov.uk.