Enterprise Risk Manager

Business Area: Group Risk and Funding

Place of Work: London

Contract Type: Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career. Given our size you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.

About the role

In your role as Enterprise Risk Manager, you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to be part of the 2nd line Enterprise and Operational Risk Management (EORM) team which has the mandate to coordinate and oversee all risk management and control activities across USS. This role reports directly into the Group Head of Enterprise & Operational Risk Management.

This role will be responsible for the design, implementation and ongoing maintenance of the enterprise risk management (ERM) framework covering risk appetite, risk events, risk taxonomy, Risk & Control Self-Assessment (RCSA), control standards, emerging risks, top risks and scenario analysis. You will ensure that USS maintains a robust risk management framework that supports strategic decision-making and protects the organisation's assets.

What you will be doing

As a trusted part of the Group Risk and Funding team you will be responsible for:

Delivering Results

• Ensure the ERM framework is continuously updated to reflect the latest industry standards and regulatory requirements
• Lead the design and maintenance of a robust Risk & Control Self-Assessment (RCSA) program
• Lead the development of control assurance standards
• Lead the annual risk appetite refresh across the two entities, USSL & USSIM
• Lead the emerging risk & top risk refresh
• Develop and maintain the risk taxonomy and control library
• Regularly assess the business adherence to the ERM framework
• Leverage the risk system, Protecht, to embed the ERM framework across USS
• Lead the regular review of ERM Policies and frameworks documents
• Ensure the various USS frameworks (e.g. data, supplier, resilience) are aligned to the ERM framework
• Develop and maintain the ERM framework training plan & materials to enhance risks & controls awareness understanding at all levels
• Lead the EORM quarterly risk forum meeting
• Lead the yearly review of the Annual Report & Accounts (ARA) & TCFD risk sections
• Assist in assessing and actively reporting on the USS’s risk culture, driving initiatives to embed a proactive risk management culture across USS

Managing Relationships

• Close collaboration with the EORM, information security, compliance, and the 1st line business control teams
• Serve as a trusted advisor and primary point of contact for framework-related inquiries

Managing Processes & Future Focus

• Identify opportunities to enhance current risk processes with a particular focus on simplification
• Stay updated on new regulations and industry standards through regular attendance at seminars, workshops, and conferences

About you

We know that sometimes people can be put off applying for a job if they don't tick every box, if you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role you will have:

• Strong experience and knowledge of risk management framework best practices and methodologies (including control assurance)
• Experience and knowledge of model risk frameworks is a plus
• The successful candidate is likely to have worked in a Risk function, business control function or audit function in the financial industry
• Good communication and stakeholder management skills are required
• Strong Microsoft Office skills
• Experience of Copilot or an equivalent generative AI tool is a plus

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others. We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team. Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you

• Great starting salary
• Generous annual leave package
• Access to a high quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Day’s to support the communities where you work and live
• Cycle to Work Scheme
  
  

Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves. Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:

• Integrity
• Collaboration
• Excellence
  
  

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and other higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for almost 577,000 members and their families. We are one of the largest private defined benefit pension schemes in the UK, with total assets of around £76.8bn (at 31 March 2025). To find out more, please visit https://www.uss.co.uk

USSL is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk.