Director of Financial Risk

Wales Pension Partnership Investment Management Company (WPP IM Co)

£125,000 per annum + bonus + generous pension + benefits | Wales / Hybrid

WPP IM Co is being established as an FCA‑regulated investment management company to serve the eight Welsh Local Government Pension Scheme funds, managing more than £25 billion for 412,000 members. This is a once‑in‑a‑generation opportunity to help shape a permanent, world‑class investment institution for Wales and to design and lead the investment capability of a new, regulated company at the heart of UKLGPS reform.

With Government backing, and authorisation targeted for March 2026, WPP IM Co will operate to global standards with a Welsh purpose – combining professional excellence with a clear public mandate. Over time, WPP IM Co will help channel long‑term pension capital into clean energy, affordable housing, innovation and other investments that strengthen Wales and the UK – demonstrating how responsible investment can serve members and the communities they live in.

The organisation is now seeking its first ever Director of Financial Risk to design, embed and oversee WPP IM Co’s financial risk, compliance and financial crime frameworks. Reporting to the Chief Executive Officer, you will ensure that the company meets the highest standards of prudential and regulatory integrity, providing independent assurance to the Board, Audit & Risk Committee, and regulators.

This is a pivotal leadership role within a lean structure – suited to an experienced Risk professional who thrives in a hands‑on environment. You will shape and implement proportionate frameworks for market, liquidity and credit risk, lead compliance and financial crime oversight, and act as a trusted counterpart to regulators and Partner Funds.

You may already hold a senior Risk leadership role in an FCA‑regulated investment or asset management organisation or be ready to take that next step. You will bring a depth of knowledge of MIFIDPRU, capital adequacy, liquidity management and ICARA requirements and an understanding of investment‑risk analytics, stress testing and scenario analysis. In addition, you will bring a familiarity with compliance monitoring and best practice as well as oversight of AML, CTF and sanctions frameworks and fulfilling MLRO responsibilities.

Experience within the LGPS or public sector is not required. Welsh connectivity or experience would be advantageous but is not essential. Welsh language proficiency is also not essential but would be an advantage.

For further information, please contact the Odgers Wales team for a confidential conversation in English or Welsh on 02922 947009 or via OdgersWalesPractice@odgers.com.

Seniority level

• Director

Employment type

• Full‑time

Job function

• Finance and Sales