UK Pension Investments

Location: UK, London (GSK HQ) – Full time - 2/3 days required in the office.

Are you energized by capital markets and do you want to work for a sponsor committed to driving better member outcomes in the Defined Contribution (DC) pensions space? The Pension Investments team at GSK is expanding its remit to provide expertise and thought leadership pertaining to its UK DC plan. The team currently oversees the investment and financial risk management strategy for GSK’s Global Defined Benefit (DB) pension plans and US DC plans. The team manages the investment committee meetings for the UK DB and US Retirement Plans, as well as the Company’s Pension and Risk Committee (chaired by the CFO).

As a key member of the Global Pension Investments team, you will help the team expand their coverage and provide valuable direction with regards to UK DC and actively participate in DC focused committee meetings, in close collaboration with GSK’s UK Benefits team. You will be familiar with the operation of DC plans, with best practices in this area, and with the regulatory landscape. You will help GSK navigate a rapidly evolving DC pensions landscape and corresponding industry innovation. Given the broader remit of the team, however, you will have the opportunity to be involved in key UK DB related activities as well as other pension arrangements around the world. You will help to formulate and ensure a cohesive global approach in line with broader Company guidelines and objectives.

You will be part of GSK’s Corporate Treasury department. You will report to the VP, Global Pension Investments and will benefit from analyst and manager level support for a number of the activities detailed below.

Internal clients will include, but not be limited to, the Group Treasurer, the CFO, GSK’s Pension and Risk Committee as well as various Trustee Boards and sub-committees. There will be considerable interaction with the UK Benefits team, and Pensions Finance (Accounting).  This role is market facing and external relationships include banks, fund managers and advisors (investment consultants, actuaries, lawyers).

Key Responsibilities include, but are not limited to:

Strategic input and oversight

• Bring vision and strategic direction to the investment structure of GSK’s UK DC plans
• Identify areas for further research / analysis and help to develop tractable solutions
• Work closely with investment advisors, leading market participants and policy markers. Take responsibility for ensuring best in class support is accessed and maintained
• Review and challenge data, analysis and advice provided by external parties to GSK
• Take charge in shaping the agenda and lead discussions on key investment related topics, including for the benefit of GSK’s senior management
• Partner closely with GSK staff in different geographies and areas of the business

Operational assurance

• Qualitative investment related input as necessary into participant communications
• Input into compliance e.g. audit, corporate and pension related accounting statements
• Ensure compliance with relevant regulations and develop, apply and maintain internal controls and risk management processes
• Quality assurance of implementation plans and other transition related activities

Monitoring and Governance

• Monitor investment markets and their impact on the financial position of the pension schemes
• Monitor and keep abreast of regulatory developments and their potential impact on the pension schemes, such as in relation to Environmental, Social and Governance (ESG) factors.  
• Develop and support Company objectives to ensure coordinated corporate oversight where relevant
• Oversee and be a key relationship contact for the various fund managers, across all asset classes. Including performance monitoring and value for money assessments
• Maintain and review legal documentation with external parties, including fee negotiation and agreeing fund manager objectives, guidelines and restrictions (with legal / investment advice)
• Maintain governance documents (e.g. investment policies, business plans, procedures) and ensure timely and robust decision-making processes are in place

Why you? 

Basic Qualifications

We are looking for professionals with these required skills to achieve our goals:

• A strong level of relevant work experience in the pensions / investment industry, with an interest in capital markets
• Strong clarity of thought and an ability to analyze and dissect complex financial data
• Excellent project management skills, with experience managing conflicting deadlines and priorities
• Ability to work effectively across organizational boundaries and to build networks across the industry
• Confident at liaising with and presenting to senior stakeholders
• Self-starter, pro-active, results oriented with ability to function as a senior individual contributor
• Excellent oral and written communication skills, including a demonstrated ability to communicate complex business messages into clear communication messages and materials

Preferred Experience

If you have the following characteristics, it would be a plus:

• Bachelor’s degree or equivalent academic qualification in a relevant discipline
• Effective delegation to, and take an interest in developing, junior members of the team
• Prior experience within a large, complex organisation, fund management business or consultancy
• Experience working with corporate DB and DC schemes with regards to developing investment strategies

Closing Date for Applications: 2 September 2024 (COB)

We create a place where people can grow, be their best, be safe, and feel welcome, valued and included. We offer a competitive salary, an annual bonus based on company performance, healthcare and wellbeing programmes, pension plan membership, and shares and savings programme.

We embrace modern work practises; our Performance with Choice programme offers a hybrid working model, empowering you to find the optimal balance between remote and in-office work.

Discover more about our company wide benefits and life at GSK on our webpage Life at GSK | GSK

Please take a copy of the Job Description, as this will not be available post closure of the advert. When applying for this role, please use the ‘cover letter’ of the online application or your CV to describe how you meet the competencies for this role, as outlined in the job requirements above. The information that you have provided in your cover letter and CV will be used to assess your application.

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Why GSK?

Uniting science, technology and talent to get ahead of disease together.

GSK is a global biopharma company with a special purpose – to unite science, technology and talent to get ahead of disease together – so we can positively impact the health of billions of people and deliver stronger, more sustainable shareholder returns – as an organisation where people can thrive. We prevent and treat disease with vaccines, specialty and general medicines. We focus on the science of the immune system and the use of new platform and data technologies, investing in four core therapeutic areas (infectious diseases, HIV, respiratory/ immunology and oncology).

Our success absolutely depends on our people. While getting ahead of disease together is about our ambition for patients and shareholders, it’s also about making GSK a place where people can thrive. We want GSK to be a place where people feel inspired, encouraged and challenged to be the best they can be. A place where they can be themselves – feeling welcome, valued, and included. Where they can keep growing and look after their wellbeing. So, if you share our ambition, join us at this exciting moment in our journey to get Ahead Together.

As an Equal Opportunity Employer, we are open to all talent. In the US, we also adhere to Affirmative Action principles. This ensures that all qualified applicants will receive equal consideration for employment without regard to neurodiversity, race/ethnicity, colour, national origin, religion, gender, pregnancy, marital status, sexual orientation, gender identity/expression, age, disability, genetic information, military service, covered/protected veteran status or any other federal, state or local protected class*(*US only).

We believe in an agile working culture for all our roles. If flexibility is important to you, we encourage you to explore with our hiring team what the opportunities are.

Should you require any adjustments to our process to assist you in demonstrating your strengths and capabilities contact us on [email protected] or 0808 234 4391. 

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