Graduate Programme - Operations

Application deadline:  17^th November 2024

Programme start date:  15 September 2025

Eligibility:  Final year students graduating in summer 2025

Who we are:

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £68 billion of assets under management, we secure the pensions of more than one million people and pay out, on average, approximately £200 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury, the Civil Aviation Authority, the Co-Operative, Morrisons, Smiths Industries and Telent. At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

Graduate Programme:

Our UK graduate programme is designed to kick-start careers for ambitious and analytical graduates who want to make an impact. Rothesay is built on a multi-talented, multi-disciplined model, collaborating directly and with singular focus to shape the future. Rothesay’s inclusive and collaborative working environment allows our graduates to build a broad skill-set and shape a strong internal network. We support your development journey, growth in your career, in addition to offering a competitive salary and tailored benefits.

Our 2 year* programme starts with a fundamentals week for the entire graduate cohort, where you will have in depth networking and insight sessions on Rothesay as a whole. From week two, you will join your team for professional integrated learning and start to make meaningful contributions. Throughout your first year, alongside your permanent role, you will be part of an on-site graduate development programme with both technical and business skills training.  Our teams run lean, giving you excellent visibility and exposure throughout the business, and we will provide continuous training and upskilling for your future.  Rothesay is a rewarding place to work, where quality people can thrive and prosper.  Regular reviews will take place to support your learning and development with a formal assessment towards the end of the programme.

This opportunity is open to summer 2025 graduates who are looking to launch into their career within an entrepreneurial environment where talent can thrive and excel.

*3 years for Pricing and Capital roles

The role

Operations is an integral part of the independent control and support structure within the first line whose key mandate is to establish and maintain an effective control environment. Robust risk management is essential for our business.

 The Liability Operations strategy is underpinned by 3 guiding principles:

• Payments: Pay our policyholders, trustees, and counterparties accurately and on time, within regulatory guidelines
• Policyholders: Deliver a best-in-class policyholder experience
• Data: Maintain accurate and complete data for risk and capital management

These 3 principles drive our processes and controls, and are essential for protecting our reputation, managing our risk and capital position, and managing our Third Party Administrators (TPAs).

In addition, Operations provides solutions to new structures, monitors contractual and regulatory obligations, and creates efficient and cost saving processes.

Consumer Duty is embedded within Operations and at our TPAs. Rothesay strives to ensure that positive outcomes are achieved for all policyholders and have set up robust governance and monitoring arrangements across our TPAs.

 What we offer

• A meritocratic, driven and stimulating environment where success and achievement are rewarded
• Work with support from leaders in the industry and excellent on-the-job training supplemented with class-based business training where best applied
• A competitive starting salary with a performance related bonus

 What we are looking for

• Possess a degree from a leading university in a relevant subject and/or have equivalent work experience
• Strong problem-solving skills and an ability to handle different situations and challenges
• Creative mindset and desire to critically appraise processes with a view to refine / improve
• Basic understanding of risk management and control principles
• Self-Starter, driven, high levels of initiative and drive
• Ability to manage own workload and work as part of a team
• Accuracy and absolute attention to detail
• Strong MS Excel skills

Disclaimer This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

Inclusion Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.

The collection of applicant diversity data allows Rothesay to map and gain insights into the impact of our DEI strategy for talent attraction. This data is anonymised and is not analysed against individual applications. By requesting mapping our applicants’ demographic profiles, we can identify the under-represented groups. This enables us to identify any barriers to increasing our diversity and take action.