Senior Compliance Monitoring Associate

SENIOR COMPLIANCE MONITORING ASSOCIATE

We're looking for a Senior Compliance Monitoring Associate to join our compliance team on a permanent basis, working hybrid, London office.

Railpen is responsible for the safekeeping and investment of around £34 bln in assets and the administration of several pension schemes, including the Railways Pension Scheme - one of the UK's largest and longest established pension funds.

Role Overview

In this role, you'll take the lead on delivering thematic (assurance) reviews as part of our annual Compliance Monitoring Plan. You'll own reviews end to end from planning through to reporting and follow up, working closely with the Compliance Monitoring Manager and stakeholders across the business.

Key Responsibilities

• Ensure reviews are executed in line with the established framework, meeting key milestones and quality expectations.
• Produce high quality draft documentation, including Terms of Reference and final reports.
• Provide regular updates and escalate risks or issues in a timely manner.
• Collaborate with stakeholders to maintain professional and collaborative relationships throughout the review process.
• Track and follow up on actions, ensuring they are progressed and completed within agreed timelines.
• Support the Compliance Monitoring Manager with the delivery of the broader monitoring plan and ad hoc review activity.

Eligibility

This role is not eligible for visa sponsorship; applicants must have the legal right to work in the UK.

The Ideal Candidate

• Significant experience (typically 5+ years) conducting compliance monitoring thematic reviews within the asset management sector.
• Strong understanding of FCA rules and regulations and how they apply in practice.
• Knowledge of pensions and The Pensions Regulator (TPR) environment (desirable).
• Excellent attention to detail and the ability to produce high quality written outputs.
• Confidence to take ownership of work, managing priorities with minimal supervision.
• Strong interpersonal skills, with the ability to build effective relationships across teams.
• Collaborative mindset, comfortable working with others and contributing to shared outcomes.
• A relevant industry qualification (desirable).

Values

Our values of integrity, community and alignment are guiding principles that shape our behaviour. They help us make decisions and shape our relationships with others, and we actively demonstrate them to create a safe, fair and supportive environment for our members.

Benefits

• Competitive salary (depending on experience).
• 28 days annual leave plus bank holidays.
• Generous annual bonus plan.
• Membership of the Railways Pension Scheme - defined benefit arrangement providing pension for life and a lump sum upon retirement.
• 4x Life Assurance cover.
• Private Medical Insurance.
• Employee assistance programme.
• Health cash plan.
• Eye care vouchers.
• Flu vaccination.
• Hybrid and flexible working options.
• Generous family leave - 12 months full pay maternity leave and 6 months full pay paternity leave.
• Buy and sell holidays.
• Paid volunteering days.
• Flexible half day leave.
• Electric vehicle leasing.
• Cycle to work scheme.

Next Steps

Please apply via the apply button or visit Careers by Friday 12th June 2026.

Railpen is committed to creating an inclusive and diverse environment, and we value diversity and welcome people from all backgrounds and walks of life.