At a Glance
- Tasks: Lead regulatory risk management and engage with key stakeholders to ensure compliance.
- Company: Join Lloyds Banking Group, a leader in financial services with a commitment to innovation.
- Benefits: Enjoy a competitive salary, generous pension, flexible working, and 30 days holiday.
- Other info: Diverse and inclusive workplace with opportunities for growth and development.
- Why this job: Be part of a transformative journey, shaping the future of banking and making a real impact.
- Qualifications: Experience in regulatory affairs and strong communication skills are essential.
The predicted salary is between 100105 - 129547 £ per year.
We're on an exciting journey and there couldn't be a better time to join us. We're putting in place a fresh operating model for non-financial risk management across the Group, empowering our people to take end-to-end accountability for handling the risks that they face.
We're looking for a Senior Risk Manager to join our PRA Regulatory Affairs team. You'll ensure successful delivery of the Group's Regulatory Strategy, this role acts as a central point of contact for regulators, serving as conduit for identifying, escalating, and mitigating areas of regulatory risk.
The Senior Risk Manager will play a key role in support regulatory engagement across the following parts of the Groups: Chief Credit Officer, Chief Operating Officer and Ring Fence Bank Officer. You will help to inform and support Board members, Senior Executives and relevant business areas to deliver good engagement in their interactions with the PRA.
Key accountabilities:- Represent the organisation and build strong relationships with the PRA, delivering the Group's Regulatory Strategy.
- Demonstrate depth to confidently provide credible advice and assurance on core compliance and regulatory obligations to support the business.
- Establish trusted partnerships with key business areas to support the proactive management of regulatory engagements.
- Prepare briefings, MI and Reports that provide senior management and the Board with latest positions on key hot topics, as well as key messages.
- Attend senior collaborator meetings with the regulator and produce summary insights.
- Interpret new and existing regulations and understand their likely impact on relevant parts of the Group.
- Contribute to the identification and assessment of regulatory and compliance risks.
We're transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We're growing, and we'd love you to be part of the journey.
What you'll need:- Good base-level knowledge of the PRA's approach to banking supervision and an interest and inquisitiveness in the regulations applicable to the Group.
- Proven track record of strategic regulatory briefing and management or producing executive level documents.
- Has a thirst to improve, embrace new challenges and work flexibly, maintaining an understanding of emerging risks and areas of regulatory focus as they emerge and evolve.
- Has the ability to influence with impact, shaping the opinions and actions of key partners, gaining their trust and commitment to the desired outcome and demonstrates an ability to build strong partner relationships both internally and externally.
- Understands LBG's high level business strategy and priorities. Detailed understanding of emerging regulatory, customer and industry expectations and requirements.
- Ability to communicate in all forms and to audiences at all levels both internally and externally.
- Previous experience working with/or at the PRA/Regulator.
- Thorough understanding of the Regulatory environment and implications for LBG.
- Evidence of being an adopter of change and adopting transformation.
- Evidence of transforming ways of working.
We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
This is a place for you. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual bonus award, subject to Group performance
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days' holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Ready to make an impact? Apply today!
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
Senior Regulatory Risk Manager — PRA Strategy & Engagement employer: Lloyds Bank plc
At Lloyds Banking Group, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. With a strong commitment to employee growth, we provide extensive training opportunities and a generous benefits package, including a substantial pension contribution and flexible working arrangements. Join us in London, where you can make a meaningful impact while enjoying a supportive environment that values diversity and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Regulatory Risk Manager — PRA Strategy & Engagement
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work at the PRA or have connections there. A friendly chat can open doors and give you insights that might just set you apart from the crowd.
✨Tip Number 2
Prepare for interviews by diving deep into the latest regulatory changes and how they impact the banking sector. Show us you’re not just knowledgeable but also passionate about staying ahead of the curve!
✨Tip Number 3
Practice your storytelling skills! When discussing your experience, frame it in a way that highlights your strategic thinking and ability to influence others. We want to see how you can make an impact!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Senior Regulatory Risk Manager — PRA Strategy & Engagement
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Regulatory Risk Manager role. Highlight your experience with regulatory frameworks and how it aligns with our needs at StudySmarter.
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past roles that show how you’ve successfully managed regulatory risks or engaged with stakeholders.
Be Clear and Concise:When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point about your qualifications and what you can bring to the team.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our journey!
How to prepare for a job interview at Lloyds Bank plc
✨Know Your Regulations
Make sure you brush up on the PRA's approach to banking supervision and any recent regulatory changes. Being able to discuss these confidently will show that you're not just familiar with the rules, but also genuinely interested in how they impact the organisation.
✨Prepare Executive-Level Briefings
Since you'll be expected to produce executive-level documents, practice summarising complex information into concise briefings. This will help you demonstrate your ability to communicate effectively with senior management and the Board during the interview.
✨Build Relationships
Think about how you can showcase your relationship-building skills. Prepare examples of how you've established trusted partnerships in previous roles, especially with regulators or key business areas, as this is crucial for the role.
✨Show Your Adaptability
Be ready to discuss times when you've embraced change or transformed ways of working. Highlighting your adaptability will resonate well, especially since the organisation is focused on evolving its non-financial risk management.