Senior Operational Due Diligence Analyst

Location: Croydon office location with Hybrid working
Salary: c.£84,000 per annum plus Civil Service pension
Contract Type: Permanent
Position type: Full Time

We’re the Pension Protection Fund. We protect millions of people in the UK who belong to defined benefit pension schemes. When these schemes fail, we’re ready to help.

We do this by paying our members, by charging a levy and by investing sustainably. Our work has a real impact on people’s lives, so we strive to do it well, with integrity and their future in mind.

We’re equivalent in size to a top 5 UK pension scheme and have developed a highly sophisticated, best-in-class investment strategy. Our culture combines private sector standards with a public service ethos.


We’re looking for a Senior Operational Due Diligence Analyst to join our in-house Operational Due Diligence (ODD) team. The ODD team are responsible for identifying and assessing operational risk and control issues in prospective investment managers, prior to investment.

The role also requires close interaction with our existing portfolio of external investment managers, as well as internal stakeholders and committees, as this contributes to the overall investment selection and monitoring process. This position will support the identification and escalation of operational and control risks in order to minimise any negative outcome for the Pension Protection Fund. The successful applicant will also contribute to the ongoing monitoring of the Pension Protection Funds existing portfolio of third-party investment managers.

Our ideal applicant will have demonstrable experience working within an Operational Due Diligence role at a Senior Analyst or Associate level.  Experience of working within an investment management environment (either investment operations, compliance, operational risk or internal audit) with good all-round investment product/structure experience is also essential.  Applicants must be able to demonstrate experience of dealing with investment managers and related stakeholders, including brokers, custodians and administrators.

As part of this role, international travel to external fund managers and service providers will be necessary.  So, a willingness and the ability to travel abroad is required.


Sound like you? Apply now.


In return for your skills, experience and commitment we’ll give you a challenging role within a business where you’ll get the support you need to develop your career.

You’ll also get an outstanding rewards package which includes a generous pension scheme, private medical insurance, health cash plan, critical illness insurance, volunteering leave, holiday trading and a discretionary bonus scheme.

We’ll also give you lots of opportunities for personal development and skills training.

Our Croydon office is just across the road from East Croydon station, which is around 15 minutes from Victoria or London Bridge, 10 minutes from Clapham Junction or half an hour from St Pancras.


We are a Disability Confident Leader, the highest accreditation under the Disability Confident Scheme. If you have a disability and meet the essential criteria for this role you will be guaranteed an interview.

We embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you’ll be welcome here.

We are a flexible organisation and welcome the opportunity to talk about what arrangements may work best for you.


No agencies please.

We’re a statutory public corporation led by our board and accountable to Parliament through the Secretary of State for the Department for Work and Pensions. It's our duty to protect people with an eligible defined benefit pension when an employer becomes insolvent.

We’re proud of the work we do. Without us, many people would face significant financial hardship. We’re also proud of our people, all of whom are committed to our mission and to serving over 230,000 members.

Careers (General)
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Defined benefit or defined contribution pension

Private medical insurance

Health cash plan

Corporate discretionary bonus scheme

Cycle to work scheme

EASIT rail travel discount

Flexible / hybrid working

Volunteer days