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Citigroup UK and Europe Retirement Lead in London, United Kingdom

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The UK and Europe Retirement lead will be responsible for management and oversight of the 70 retirement programs across 25 different countries that Citi sponsors in Europe and the UK and will directly report to Citi’s Director Retirement & Allowances. They will be the main Citi contact for various Trustee Boards, Committees/Councils and ensure local country compliance with Citi policies and mandates. They will also involve working closely with the HR Community, other pensions related functional teams, UK/Europe counterparts in other Citigroup businesses, and outsourced vendors/administrators. They will manage a team of 5 in total and will decide how to allocate those resources between the UK and Europe.

What you’ll do:

  • Ensure local country compliance with Citi’s Retirement Plan Guidelines, local laws and regulations, as well as Citi’s Benefits Guiding Principles and Philosophy

  • Negotiate with Trustee Boards on contributions into schemes, potential settlement impacts, and US GAAP implications of Trustee Board actions

  • Review strategy of each plan in region and implement changes as needed

  • Coordinate with local country business/management team to ensure proper administration of each retirement program

  • Support the Director of Retirement & Allowances on various governance or strategic initiatives which may include certain allowances projects as well as regular retirement plans management

  • Act as a pensions subject matter expert and work with other specialist areas (eg HR, Risk, Compliance, Finance, Legal, Payroll, Information Technology) as appropriate to provide seamless support for plan impacting employees and members

  • Contribute to pensions projects as well as support the delivery of business-as-usual activities

  • Prepare materials, minutes and present papers/updates to West Retirement Council meetings and Retirement Plan Sponsor Council meetings

  • Oversee team’s management of the third-party administrator and outsourced vendors, resolving issues and ensuring Service Level Agreement (SLAs) and Third-Party policy requirements are met. Further ensure relevant changes to schemes or potential developments which impact on administration are acted on appropriately

  • Escalate any issues to the Director of Retirement & Allowances as appropriate

  • Review escalated data, contribution and other administrative issues from team as appropriate

  • Review of communication materials, as appropriate

  • Review UK team management of the selection process for group life insurers (as it’s held in the pensions trust)

  • Support and manage budgets and vendor invoices as appropriate

What we’ll need from you:

  • Extensive technical and/or strategic Pensions Experience

  • Expert understanding of UK, European pension plan structures including pensions trustee role and difference with employer role

  • Actuarial background preferred

  • Broad understanding of HR practices in general and pension and benefits provision in particular

  • Experience dealing with corporate processes, payroll, budgets, and invoice management

  • Experience dealing with a wide range of internal and external third parties

  • Experience presenting technical pensions information to non-technical audiences

  • English language required, additional languages a plus

#LI-RM2


Job Family Group:

Human Resources


Job Family:

Compensation & Benefits


Time Type:

Full time


Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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