Pensions Risk & Governance Manager (2 yr FTC)

Job Title: Pensions Risk & Governance Manager (2 year FTC)

Location: Frimley; Surrey. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role.

Salary: Circa £65000 depending on experience

Who we are: 

Join BAE Systems and you’ll be part of something bigger. As a valued member of our global colleague network, you’ll bring your unique skills and perspectives to help pioneer progress and protect what matters most. You’ll be trusted to play your part in delivering the advanced, technology-led defence, aerospace and security solutions of tomorrow, shaping a safer future, for all of us.

From the depths of the ocean, to the far reaches of space, there’s no limit to where a career at BAE Systems could take you.

Job Description:

This is a fantastic opportunity to take ownership of risk management across the UK defined benefits pensions schemes within BAE Systems. You will lead the development and delivery of the Risk Management Framework, ensuring compliance with The Pensions Regulator’s General Code of Practice and GDPR requirements, while working closely with trustees, stakeholders and external partners. The role offers significant exposure with pension scheme Trustee Directors and the chance to shape governance, assurance and risk practices across one of the UK’s largest pension schemes in a varied and impactful 2-year fixed-term contract.

Core duties:

• Lead the development, implementation and ongoing ownership of the Risk Management Framework across all UK defined benefit pension schemes
• Ensure compliance with The Pensions Regulator’s General Code of Practice, including completion of Own Risk Assessments, and act as the team’s lead on GDPR requirements
• Oversee and coordinate risk governance, including the preparation and management of pension scheme risk registers and documentation
• Facilitate and drive risk discussions with Trustee Directors, ensuring mitigating actions are agreed, tracked and delivered
• Present risk updates and insights at Trustee meetings, supporting effective decision-making
• Act as the key liaison for external service providers on assurance activity and governance matters
• Lead the Pensions Assurance programme, monitoring progress against recommendations, including internal audit actions

Essential Skills:

• Experience of working within the pensions industry
• Knowledge of The Pensions Regulator’s Codes of Practice and governance requirements
• Understanding of GDPR and data protection requirements within a regulated environment
• Experience of contributing to or supporting governance, risk or assurance processes
• Experience of improving or developing processes within a pensions or regulated environment

The Pensions Team:

You’ll join a collaborative and high-profile pensions team at BAE Systems, working closely with pensions teams colleagues and Trustee Directors across the UK defined benefit pension schemes. The team plays a key role in shaping and overseeing risk management, governance and assurance activity, offering a broad and varied remit. With exposure to senior decision-makers and involvement in a wide range of initiatives, this is an opportunity to be part of a team that sits at the heart of how one of the UK’s largest pension arrangements is governed and managed, within a challenging and rewarding 2-year fixed-term contract.

Why BAE Systems?

Here you’ll build a career with purpose and limitless possibilities. With lifelong learning and meaningful work, this is a place where you can grow your career with confidence and be empowered to be your best. You’ll be recognised for your contribution and enjoy rewards tailored to what’s most important to you and your family, support for your financial and personal wellbeing, as well as a balanced lifestyle. In an environment embracing sustainable ways of working and with a strong sense of shared purpose, our supportive culture is a place you can feel you belong and proud of the difference you make.

A place where everyone can thrive:

We’re committed to building an inclusive workplace where everyone feels valued and supported. We know that a diversity of backgrounds, perspectives and experiences strengthens our teams and is vital to the work we do.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Closing Date: 28th May 2026

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

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