Financial & Modelling Risk Manager in London/Hybrid - National Employment Savings Trust (NEST)

London/Hybrid

£60,000 - £75,000

Permanent

Not Specified

37.5 Working Hours - (Flexible)

21 May 2026

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Financial & Modelling Risk Manager

*Please note we only accept online applications.*

Role Overview

In this role, you’ll be the Risk team’s specialist on model risk, working closely with colleagues across Finance, Data Analytics and the wider business to ensure that the models Nest relies on are well‑governed, understood and used appropriately. Your day‑to‑day work will blend technical analysis with stakeholder engagement, translating complex modelling concepts into clear, practical insight that supports good decision‑making.

You’ll spend time reviewing and challenging important business models and assumptions, contributing independent second‑line insight on areas such as business planning, forecasting and scenario analysis. A key part of the role involves working with model owners to strengthen documentation, controls and governance, while maintaining an up‑to‑date view of the models used across the organisation.

You’ll also play a central role in shaping how model risk management operates in practice at Nest, supporting the development and ongoing operation of model governance forums, producing clear reporting for senior stakeholders, and helping ensure emerging risks, including from new technologies, are identified and managed proportionately.

This is a highly visible role with exposure to senior leaders, where your work will directly inform governance discussions and support confident, well‑evidenced decisions.

The minimum criteria for this role are:

Experience working in a finance, actuarial, analytics or risk environment, either in a first‑line or second‑line role.
A strong ability to understand and interpret complex models, including their assumptions, limitations and outputs, and to explain these clearly to non‑technical stakeholders.
Experience of providing independent challenge or assurance, with an understanding of the role of the second line within a three lines of defence model.
Ability to make clear, evidence‑based judgements and recommendations, particularly where improving governance, controls or decision‑making.
Experience of working with, or advising on, model governance, validation or oversight, including maintaining appropriate documentation and controls.
Strong communication skills, with the confidence to engage constructively with senior stakeholders and professionals from different disciplines.
Ability to work independently, manage competing priorities and deliver high‑quality outputs to agreed deadlines.
Educated to degree level (or equivalent experience), with a relevant professional or technical qualification (e.g. actuarial, accounting, analytics or similar).

Don't worry if you think you don't have all the key skills, it might be worth taking the few minutes to apply as we're good at spotting potential. At Nest, you’ll have access to a range of learning opportunities to learn, grow and build the skills you need to be successful in your role and career.

Please download a full job description to find a full scope, deliverables, experience and personal attributes required for this role.

Flexible and agile working

Everyone's personal situation is different.

To make the most out of hybrid working, we've introduced different ways of working, which include (subject to role requirements):

hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office, once - twice a week, or more, as required)
reduce or vary working hours
reduce or vary the days worked
work compressed hours
job share

Click here to see the benefits we offer at Nest.

For more information about our recruitment process click here

Directorate/Department Overview

The Nest Risk directorate is responsible for:

Delivering the tools, frameworks and training for effective and efficient risk management within the first line.
Providing constructive challenge and independent oversight of first line risk management activities.
Giving advice and support on technical and regulatory subjects to Nest Corporation.
Managing the risks to Nest Corporation relating to our regulatory relationships.
Liaison with and oversight of the Nest Invest Risk and Compliance functions

Organisational Overview

Nest is an award-winning workplace pension scheme, the largest in the country.

Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.

Diversity, Equity and Inclusion

Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, race, religion/belief, sex, sexual orientation or socio economic background.

We also recognise the importance of diversity of thought and other forms of neurocognitive variation.

Nest is a Disability Confident Leader, which is the highest level of the Disability Confident Scheme. If you have a disability, please declare that you’re applying through the scheme.

We aim to offer an interview to those applicants who apply through the Disability Confident Scheme and best meet the minimum criteria. However, there may be some circumstances where this is not possible due to the volume of applications.

Please note that this advert may close early if we receive a sufficient number of satisfactory applications.

If you have any difficulty in sending your application or need the application pack in an alternative format, or you require any reasonable adjustments please contact: [email protected].

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