We have an incredible opportunity for a Project Manager (PM) to join our Change & Transformation (C&T) team on a permanent basis with a regular office attendance in London (hybrid working).
Who we areRailpen is responsible for the safekeeping and investment of around £34 billion 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.
Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here.
The RoleWithin this role, you will be a valued member of the wider C&T Team by playing a crucial role in project delivery, driving efficiency and enhancing overall performance. You will contribute to the C&T team, ensuring that the Railpen Change Management approach is adhered to throughout the project lifecycle. This role will look to collaborate with business stakeholders across the company to successfully deliver projects to support Railpen’s strategic goals.
The PersonWe are looking for an experienced Project Manager who has demonstrable experience delivering change, ideally within the asset or investment management environment, and will be comfortable operating with strong controls, auditability, and clear evidence-based governance in line with the project standards set out by the Change Policy and associated procedures. The ability to work within a complex change environment, and deal with ambiguity is key. You will have exceptional project management and planning skills and an in-depth knowledge and understanding of project management methodologies including Agile and Waterfall.
We are looking for someone who has a proven capability to build and maintain strong relationships with a wide range of business stakeholders, including senior and ExCo-level leaders, keeping them fully informed on progress to ensure engagement throughout the project lifecycle. You will be a credible, confident communicator with the ability to influence at a senior level, effectively managing relationships with internal and external customers and stakeholders while clearly articulating strategy and vision. Exceptional organisational skills, including strong attention to detail and time management, are fundamental to ensuring timely, high-quality delivery. Ideally, this person will have led or been at the forefront of change across the front, middle and back office environments, and has a working knowledge of fund structures, fund accounting and or transfer agency.
Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
What we can offer youRewarding youA competitive salary (depending on experience)
28 days annual leave plus bank holidays
Generous annual bonus plan
We provide membership of the Railways Pension Scheme
4x Life Assurance cover
Private Medical Insurance
Employee assistance programme
Health cash plan
Eye care vouchers
Flu vaccination
We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
Buy and sell holidays
Give as you earn scheme
Paid volunteering days
Electric vehicle leasing
Cycle to work scheme
Please apply via the apply button or visit Careers at Railpen by 5pm on 25th August 2026.
Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.
Skills Required
- Demonstrable experience delivering change
- Experience within asset or investment management environment
- Ability to operate with strong controls, auditability and evidence-based governance
- In-depth knowledge of project management methodologies including Agile and Waterfall
- Proven capability to build and maintain relationships with a wide range of business stakeholders including senior and ExCo-level leaders
- Credible, confident communicator with ability to influence at senior level
- Exceptional organisational skills, attention to detail and time management
- Experience leading or being at the forefront of change across front, middle and back office
- Working knowledge of fund structures, fund accounting and/or transfer agency
- Legal right to work in the UK (no visa sponsorship)
- Regular office attendance in London (hybrid working)
What We Do
The Railways Pension Scheme is one of the UK’s largest and longest established pension funds. Railpen is responsible for the safekeeping and investment of around £34 billion on behalf of the scheme’s 350,000 members who are connected to the railway industry. Railpen's purpose is to secure our members' future. To achieve this we invest the scheme’s assets to generate strong returns over the long term. Our members and their employers trust us with this very significant responsibility. We are proud of this responsibility, take it very seriously, and are committed to, and passionate about, improving their future lives. Generating the required returns is challenging. To be successful we must constantly strive to be considered a world-class asset owner by our stakeholders, with a proven track record of adding value for our members. This means we have to have excellent people, doing exemplary work, in every part of our business. We use the size of our assets to invest wisely and influentially. Our convictions and a clear set of investment beliefs guide us through complex and changing markets. We’re not afraid to think innovatively or act boldly in the best interests of the members we are proud to serve
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