We’re looking for a Senior Compliance Monitoring Associate to join our compliance team on a permanent basis, working hybrid, London office.
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 roleIn this role, you’ll take the lead on delivering thematic (assurance) reviews as part of our annual Compliance Monitoring Plan. Working closely with the Compliance Monitoring Manager, you’ll own reviews end-to-end from planning through to reporting and follow-up ensuring they are delivered to a consistently high standard.
You’ll:
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 way
Work closely with stakeholders across the business, maintaining professional and collaborative relationships throughout the review process
Track and follow up on actions, ensuring they are progressed and completed within agreed timelines
Collaborate with colleagues supporting reviews, sharing knowledge and driving consistency in approach
Support the Compliance Monitoring Manager with the delivery of the broader monitoring plan and ad-hoc review activity
This is a role where you’ll have real ownership and visibility, playing a key part in strengthening our compliance assurance framework and supporting continuous improvement.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The personWe’re looking for someone who brings strong technical expertise alongside a proactive and collaborative approach.
You’ll ideally have:
Significant experience (typically 5+ years) conducting compliance monitoring thematic reviews within the asset management sector
A 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
The confidence to take ownership of work, managing priorities with minimal supervision
Strong interpersonal skills, with the ability to build effective relationships across teams
A collaborative mindset, comfortable working with others and contributing to shared outcomes
A relevant industry qualification (desirable)
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.
What we can offer youRewarding you
A competitive salary (depending on experience)
28 days annual leave plus bank holidays
Generous annual bonus plan
We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
4x Life Assurance cover
Health & Wellbeing
Private Medical Insurance
Employee assistance programme
Health cash plan
Eye care vouchers
Flu vaccination
Lifestyle
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
Flexible half days leave
Electric vehicle leasing
Cycle to work scheme
Please apply via the apply button or visit Careers by Friday 12th June 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
- 5+ years conducting compliance monitoring thematic reviews
- Strong understanding of FCA rules and regulations
- Knowledge of pensions and TPR environment
- Excellent attention to detail
- Strong interpersonal skills for relationship building
- Relevant industry qualification
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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