At a Glance
- Tasks: Lead regulatory strategy and manage relationships with key regulators.
- Company: Join Lloyds Banking Group, a leader in financial services.
- Benefits: Generous pension, annual bonus, 30 days holiday, and flexible working options.
- Other info: Inclusive workplace with opportunities for growth and development.
- Why this job: Be part of a transformative journey impacting millions of customers.
- Qualifications: Experience in regulatory affairs and strong communication skills required.
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.
And any experience of these would be really useful:
- 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 Risk Manager, PRA Group Regulatory Affairs employer: Lloyds Bank plc
At Lloyds Banking Group, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters flexibility and inclusivity. With a strong commitment to employee growth, our comprehensive benefits package includes generous pension contributions, ample holiday allowance, and a variety of wellbeing initiatives, all set against the vibrant backdrop of London. Join us in shaping the future of financial services while enjoying the support and resources to thrive in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager, PRA Group Regulatory Affairs
✨Tip Number 1
Network like a pro! Reach out to people in your industry, especially those who work at the PRA or in regulatory affairs. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching the latest regulatory changes and how they impact the banking sector. Show that you’re not just knowledgeable but also passionate about staying ahead of the curve.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the role of Senior Risk Manager. Highlight your ability to build relationships and influence key stakeholders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Risk Manager, PRA Group Regulatory Affairs
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience with regulatory affairs and risk management. We want to see how your skills align with the Senior Risk Manager role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Knowledge:Demonstrate your understanding of the PRA's approach to banking supervision in your application. We’re looking for someone who can confidently discuss regulatory strategies, so include any specific examples that illustrate your expertise.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language and structure your thoughts logically. We appreciate a well-organised application that makes it easy for us to see your qualifications at a glance.
Apply Through Our Website:Don’t forget to submit your application through our official website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values.
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 basics, but that you’re genuinely interested in the field.
✨Prepare Executive-Level Briefings
Since this role involves producing executive-level documents, practice summarising complex information into concise briefings. Use examples from your past experiences where you've successfully communicated key messages to senior management.
✨Build Relationships
Think about how you can demonstrate your ability to build strong partnerships. Prepare examples of how you've influenced stakeholders or collaborated with teams to manage regulatory engagements effectively.
✨Show Your Adaptability
This role requires someone who embraces change. Be ready to share instances where you've adapted to new regulations or transformed ways of working. Highlight your proactive approach to emerging risks and how you’ve tackled them.