Nest Pensions
Compliance Manager
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Compliance Manager
Nest Invest
London (Hybrid working)
Nest Invest is a leader in driving up standards and best practices across the industry, delivering a high-quality, low-cost pension scheme, open to all. We are on an ambitious journey to become one of the world’s largest asset owners, with c.£68 billion in AUM today and taking in over £600m of pension contributions per month. Now with 14 million members, Nest is playing a critical role in helping people save for their retirement many of them low to moderate earners who may be saving for the first time and moving jobs frequently.
This rapid growth brings exciting opportunities and increasing operational complexity. As our portfolio expands, we shall internally manage more of the investment decision making and process, whilst concurrently engaging with a broader range of external partners. As result, operational excellence becomes more critical than ever. We’re building a capability and culture that embraces innovation, leverages technology, and harnesses the power of data to deliver exceptional outcomes for our members.
Nest Invest is regulated as an Occupational Pension Scheme (OPS) firm by the FCA. The compliance function supports Nest Invest to comply with regulation arising from its status as an OPS firm. Nest Invest currently falls under the FCA’s core Senior Managers and Certification Regime (SMCR).
The Role
Reporting into the Head of Compliance, the Compliance Manager will act as a trusted business partner, providing practical regulatory advice and supporting the ongoing development of a pragmatic and business aligned compliance culture across Nest Invest.
This role is focused on the advisory and operational side of compliance rather than monitoring. The successful individual will play a key role in ensuring that regulatory obligations are implemented effectively, embedded into business processes and clearly understood across the organisation.
Working closely with stakeholders across the business, you will provide compliance input into strategic initiatives, business change projects and day to day activities, helping colleagues navigate regulatory requirements in a proportionate and commercial manner.
Key responsibilities include:
- Supporting the delivery and ongoing operation of the Senior Managers and Certification Regime (SMCR), ensuring all BAU requirements are completed accurately and on time
- Drafting and coordinating FCA regulatory returns, reporting and regulatory submissions
- Producing high quality compliance reporting for senior management, committees and governance forums
- Managing Personal Account Dealing processes and employee requests
- Owning and maintaining conflicts of interest registers and related processes
- Managing gifts and hospitality oversight and associated compliance controls
- Supporting the implementation and ongoing enhancement of the Consumer Duty framework
- Providing compliance advice on business projects, change initiatives and new opportunities
- Delivering compliance communications, presentations and training sessions across the organisation
- Conducting regulatory horizon scanning and helping the business respond to emerging regulatory developments
- Supporting wider compliance activities and contributing to a collaborative and high performing compliance function
- Providing support on financial crime matters where required, although this is not a specialist financial crime role
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The Person
This is an incredibly exciting time in Nest Invest’s future growth agenda and evolution. The successful Compliance Manager will play a key role in helping to shape our approach to demonstrating FCA compliance as we become more sophisticated and specialised as an Asset Manager. We are looking for:
- Experience within an FCA regulated environment, ideally investment management, asset management, pensions or wider financial services
- Practical experience supporting SMCR processes and regulatory compliance frameworks
- Knowledge of FCA reporting requirements and broader UK regulatory expectations
- Experience providing compliance advice and guidance to business stakeholders
- Excellent communication, presentation and stakeholder engagement skills
- Comfortable delivering training, facilitating discussions and influencing colleagues at all levels
- Ability to interpret regulation and translate requirements into pragmatic business solutions
- Well organised, structured and capable of managing multiple priorities effectively
- An inquisitive mindset with the confidence to challenge constructively when appropriate
- Collaborative and team oriented approach coupled with a genuine willingness to roll up sleeves and deliver
- High levels of energy, enthusiasm and personal accountability
Organisational Overview
Nest is an award-winning workplace pension scheme, the largest in the country in terms of its 14 million members.
Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.
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To apply or for an informal discussion, please contact Braidie Cole: Baidie.Cole@Sandersonplc.com
Directorate/Department Overview
The Investment directorate (Nest Invest) is responsible for investing members’ contributions in order to grow their retirement pots over the long-term. The responsibilities of the team include:
- Asset allocation and portfolio risk management
- Manager selection and monitoring
- Responsible investment
- Investment communications
- Fund administration
- Investment technology and financial modelling
- Contributing to the development of the investment proposition
From December 2019, the Nest Investment team was seconded into Nest Invest Ltd (Nest Invest), the investment subsidiary of Nest Corporation.
Nest Invest is authorised and regulated by the Financial Conduct Authority (FCA). For the role holder, this means working in a regulated entity, and being required to adhere to certain rules and behaviours included in the FCA’s Code of Conduct (COCON), specifically the individual Conduct Rules defined by the FCA.
Flexible and agile working
Everyone's personal situation is different. To make the most out of hybrid working, we've introduced different ways of working, which include (subject to role requirements):
- hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office, once - twice a week, or more, as required)
- reduce or vary working hours
- reduce or vary the days worked
- work compressed hours
- job share
Diversity, Equity and Inclusion
Everyone is welcome to apply for our roles and we particularly encourage applications from Black, Asian and minority ethnicity, LGBTQ+, and disabled candidates.
Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio economic background, sex, sexual orientation, religion or race or any other legally protected status.
We also recognise the importance of diversity of thought and other forms of neurocognitive variation.
As a Level 2 Disability Confident organisation, we’re part of the guaranteed interview scheme. This means should you meet the minimum criteria for this role, you will automatically be put forward for an interview.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications.
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