JUDICIAL PENSION BOARD - ACTUARIAL MEMBER

Closed
Body: Judicial Pension Board
Appointing Department: Ministry of Justice
Sector: Regulation
Location: The role is based in London
Skills required: Regulation
Number of Vacancies: 1
Remuneration: £325 per day
Time Requirements: 15 days a year

Campaign Timeline

  • Competition Launched

    26/01/2022

  • Closed for Applications

    16/02/2022 at 09:00

  • Panel Sift

    Mid-March 2022

  • Final Interview Date

    April 2022

  • Announcement

    May 2022

 

Assessment Panel

Vacancy Description

The main responsibilities of board members are:

  • Sit on both the Pension Board, which will act as the scheme management board, and the Scheme Advisory Board, which will make recommendations on the desirability of any potential changes to the schemes. Both of these boards include judicial representation and representatives from the Department.
  • Provide direction and expertise in the area of pensions, and scheme administration.

The JPB has established an Administration Committee and a Dispute Resolution Committee to support the JPB in meeting its responsibilities to administer the JPS.  Independent JPB members will be required to sit on one or both of these Sub Committees.

The JPB typically meets quarterly, as does the Administration Committee.  The Scheme Advisory Board meets at the request of the Lord Chancellor.  The Dispute Resolution Committee meets as required to consider member cases.

Eligibility

There must be no employment restrictions, or time limit on your permitted stay in the UK.

We welcome applications from all those who are eligible.

However, as the JPB was established to carry out an independent function at arm’s length from the Government, we are mindful that appointing someone who is employed by a government department might compromise that independence – or perception of independence – as well as diminishing the confidence of stakeholders and the general public.

Person Specification

Essential criteria

Candidates will be able to demonstrate the following:

  • Ability to demonstrate effective communication skills and the ability to engender excellent working relationships as part of a board;
  • Ability to analyse, interpret and arrive at timely solutions that withstand critical scrutiny and, in so doing, demonstrate high-level skills of influence and persuasion;
  • Familiarity with pension legislation and regulations, and a proven record of managing the governance of ongoing pension schemes; and
  • Have an in-depth current knowledge of the pensions industry and working with third-party administrators.

 

Desirable criteria

  • A working familiarity with financial management, internal controls and best practice;
  • An understanding of the challenges facing public sector pension schemes would be an advantage;
  • Some experience of working with judges or lawyers.

 

 Actuarial member

The candidate must have actuarial experience and be FIA or FFA qualified and be able to demonstrate the above criteria.

Attachments
Judicial Pension Board Candidate Pack - ACTUARIAL MEMBER
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