ALM Risk Associate

Job Description

About the roleIn your role as ALM Risk Associate you will make a meaningful and valued contribution from the outset.This role will provide a great opportunity to support and build on the capability within the Scheme Analytics and ALM function associated with all related activity.This specifically relates to areas of analysis, advice and support pertaining to the triennial valuation process, stochastic analytics and liability cash flow dynamics.The role provides support and development to all ALM related activities, including valuation support, and long term stochastic risk modelling.Additionally, this includes the development and maintenance of Python models & Jupyter notebooks.What you will be doingAs a trusted part of the PAIR you will be responsible for:

• You will be working to embed stochastic ALM analytics into the first and second line risk frameworks across DB and DC.
• Supporting the Integration of the liabilities into the risk management process
• Supporting USSIM with the ongoing development of the DC Glidepath, life-style options and potential future post-retirement offering
• Assisting the Head of Financial Risk and Funding Strategy teams in the scheme triennial valuation process
• Aiding the USSIM Head of Investment Advice and ISA functions in the provision of risk analytics to support the portfolio construction process and strategic investment advice

About youWe know that sometimes people can be put off applying for a job if they dont tick every box, if youre excited about working for us and have most of the skills or experience were looking for, then please apply, regardless of whether you meet all the requirementsoutlined in this profile.To be successful in the role you will have:

• Previous experience in investment risk and stochastic analysis
• Familiarity with quantitative methods (statistics, econometrics, etc.)
• Intellectual curiosity with a willingness and ability to investigate and develop new ideas
• Proficient at prioritisation, project organisation, and management of multiple workstreams
• Programming skills (SQL and Python is desirable)

Why join usHow we will reward you

• Great starting salary
• Generous annual leave package
• Access to a high quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Day’s to support the communities where you work and live
• Cycle to Work Scheme

Our culture and valuesOur people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves.Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:

• Integrity
• Collaboration
• Excellence

About usUniversities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for more than 528,000members and their families.We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visithttps://www.uss.co.ukThe Private Markets Group (PMG) consists of a 70+ person team that oversees c. £25 billion in assets across a fast-growing and diverse portfolio of private equity, infrastructure, private credit and property investments on behalf of the Universities SuperannuationScheme (USS).By operating as a single team, with individual areas of specialism and expertise, PMG is able to combine its resources through a “OnePMG" approach to investing which allows us to maximise origination, due diligence, transaction execution and asset managementby tailoring the right mix of skills.Capable of deploying capital across the full range of private market investing (direct, joint ventures, partnerships, co-investments and funds), and with in-house asset management and strategy teams complementing our investment function, PMG has developed astrong track record of innovation that is frequently recognised by our peers across equity, credit and property and, as one of the UK’s pre-eminent private markets’ investors, PMG often partners with many of the largest, most respected global financial institutions.PMG’s portfolio includes ownership of some of the UK’s largest and most recognisable private companies including Heathrow Airport and Moto, and, through its holdings, is an established presence in the UK renewables sector. We also hold governance positionsthrough our investments in a range of companies located across the EU, North America and Australia with exposure across different industries and sectors.Being part of USS Investment Management (USSIM), the in-house manager for the UK’s largest pension scheme and serving the needs of USS and its members, PMG takes its role as a responsible investor seriously and is committed to adopting and promoting strongESG credentials across its investments.USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best duringthe recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting.