We have an exciting opportunity for a Senior Technical Risk Analyst to join out Investment Risk Team for a fixed term contract of 15 months, based in our London office (hybrid based).
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 RoleAs a Senior Technical Risk Analyst, you role will be to ensure risks taken in capital market investing are intentional, rewarded, well understood, and enable Railpen to meet our client's preferred investment outcomes. You will support quantitative risk modelling across the entire portfolio, including both public and private assets for granular and factor models. This role will support the Senior Model Validation Manager, working with risk system vendor and third party systems to ensure that Railpen’s risk model and analytics remain fit for purpose.
Key to this role will also be to establish and maintain the capability to validate, check, and review risk settings, model choices, proxies, system settings, and all elements related to the risk model output and look to collaborate with other teams to ensure continuous improvement of the risk model and related tools.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The PersonWe’re looking for you to demonstrate proven experience in risk model validation or development, within the asset management or financial services industry. You’ll possess a good understanding of risk modelling techniques, and regulatory requirements, as relevant to asset management or pensions management. Your risk systems experience must include MSCI Risk Metric, and its use of CDMS, RML4, RM3D and Web Services.
You will have the ability to communicate, engage and influence senior stakeholders, committees and boards through concise and impactful language, despite complexity of subject matter. We are looking for someone who is keen to take responsibility, raise issues early and make sure stakeholders receive the information they need when they need it. You will be open-minded, focused on consistent and regular delivery of high quality output, effectively balancing different pieces of work and managing changes in the team’s accountabilities and priorities.
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 youA competitive salary
28 days annual leave, plus bank holidays (pro rata)
Defined Contribution pension
Employee assistance programme
Health cash plan
Eye care vouchers
Flu vaccination
Give as you earn scheme
Paid volunteering days
Please apply for the apply button or visit Careers Page by 5pm on 19th 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
- Proven experience in risk model validation or development within asset management or financial services.
- Good understanding of risk modelling techniques and relevant regulatory requirements for asset or pensions management.
- Hands-on risk systems experience with MSCI RiskMetric including CDMS, RML4, RM3D and Web Services.
- Ability to communicate, engage and influence senior stakeholders, committees and boards.
- Legal right to work in the UK (role is not eligible for visa sponsorship).
- Experience working with risk system vendors and third-party systems to maintain model and analytics capabilities.
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
