Pensions Policy Lead (2 Year Fixed Term Contract)

Lloyds Banking Group•Halifax, NS

3d•£80,000 - £95,000•Hybrid

About The Position

This role plays a leading part in developing and delivering the Group's agenda for colleague pension provision. The successful candidate will translate strategic objectives into practical initiatives, governance activities, and policy solutions that benefit both colleagues and the business. Working closely with the Head of Pension Policy, this position involves leading complex pension projects, governance activities, and policy development. It also includes managing pension risks (excluding funding) and shaping the evolution of the Group's pension arrangements in response to business, regulatory, and market developments. The role requires deep technical expertise, strong stakeholder management skills, and the ability to balance strategic thinking with practical delivery in a complex pension environment.

Requirements

Significant experience managing pension arrangements within a large corporate, trustee, or consultancy environment.
Proven experience delivering complex pension projects, change initiatives, or strategic activities involving multiple stakeholders.
Strong understanding of UK pension legislation, governance requirements, and market practice across DB and DC pension arrangements.
Strong awareness of developments across the pensions industry and wider employee benefits landscape, with the ability to assess emerging trends and their potential impact.
Demonstrated ability to work collaboratively within multi-disciplinary teams, building trusted relationships and contributing to collective goals and successful outcomes.
Ability to analyze complex issues, identify key risks and opportunities, and develop practical, well-balanced recommendations.
Demonstrable ability to see the bigger picture, balancing colleague, business, operational, regulatory, and financial considerations when making decisions.
Experience identifying opportunities for continuous improvement, innovation, and more effective ways of working, including consideration of emerging technologies and AI-enabled solutions.
Excellent stakeholder management, communication, and relationship-building skills.
Ability to influence outcomes through collaboration, technical expertise, and sound judgment.
Strong facilitation and problem-solving skills, with the confidence to constructively challenge where appropriate.
Ability to operate strategically while maintaining a strong focus on delivery and execution.

Nice To Haves

Experience of mergers, acquisitions, disposals, or benefit harmonization projects.
Experience within financial services or another highly regulated environment.
Experience of Crown Dependency and/or international pension arrangements.

Responsibilities

Support the delivery of the Group's pensions agenda through the development and implementation of pension policies, frameworks, and initiatives.
Analyze legislative, regulatory, and market developments, assessing potential impacts and recommending appropriate actions.
Identify emerging trends, risks, and opportunities and contribute ideas and recommendations to help inform the evolution of Group pension policy and future strategic direction.
Monitor developments across the pensions, technology, and regulatory landscape, identifying opportunities to improve colleague outcomes, efficiency, governance, and risk management.
Coordinate complex pensions projects and change activities, managing risks, dependencies, and stakeholders to deliver successful outcomes.
Identify opportunities for simplification, harmonization, and continuous improvement across pension arrangements and supporting processes.
Support pension-related activity arising from corporate transactions, acquisitions, restructuring activity, and regulatory developments.
Support and coordinate governance activities across the Group's pension arrangements, ensuring compliance with legislative, regulatory, and internal requirements.
Monitor pension risks and controls within the area of responsibility, ensuring issues are identified, assessed, and escalated where appropriate.
Support the development of business cases, recommendations, and implementation plans for pension-related change and improvement initiatives.
Contribute to the ongoing review and enhancement of governance frameworks, processes, and controls.
Take a broad view of pension-related challenges and opportunities, considering colleague, business, operational, regulatory, and market perspectives when developing recommendations and solutions.
Work collaboratively with the Group Pensions team, trustees, advisers, suppliers, and business stakeholders to support the delivery of pension objectives.
Support the resolution of complex pension issues and stakeholder concerns, balancing member and business considerations.
Develop pensions communications and briefing materials, ensuring technical accuracy and alignment with policy and business objectives.
Use member, business, and market insight to identify opportunities to improve colleague understanding, engagement, and outcomes.
Share technical expertise and support capability building across the wider pensions team.
Foster a culture of continuous improvement, collaboration, and professional excellence.
Provide coaching and support to colleagues on technical pensions matters where appropriate.