At a Glance
- Tasks: Lead the strategy and development of innovative banking products that meet customer needs.
- Company: Join Lloyds Banking Group, a purpose-led organisation focused on making a difference.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Be part of a diverse team committed to creating an inclusive workplace.
- Why this job: Shape the future of banking while leading a high-performing team in a dynamic environment.
- Qualifications: Experience in product strategy, commercial decision-making, and stakeholder management required.
The predicted salary is between 106565 - 125370 £ per year.
We're looking for an experienced product leader to lead one of our newly set up labs and take ownership of the Personal Current Account product portfolio. You'll be responsible for defining and evolving our current account products, ensuring they meet customer needs, deliver strong commercial outcomes and comply with regulatory requirements.
Leading a team of senior product leads, you'll shape product strategy, oversee product development and work across business, technology, risk and operations teams to bring new propositions to market and improve existing products. This is a senior leadership role requiring strong strategic thinking, commercial judgement, stakeholder management and experience operating within a regulated environment. You'll play a key role in shaping the future of UK's largest current account portfolio.
ABOUT THIS OPPORTUNITY
We're looking for a Head Product Lead to lead the strategy, development and ongoing management of our Personal Current Account product portfolio. This is a high-impact leadership role within Everyday Banking, responsible for some of the most important customer products in the Group. You'll shape the future of our current account propositions, ensuring they continue to meet customer needs, deliver strong commercial outcomes and align with evolving regulatory requirements.
KEY RESPONSIBILITIES INCLUDE:
- Leading the strategy, development and lifecycle management of our Personal Current Account products.
- Defining and evolving customer propositions, pricing strategies, product features and customer benefits.
- Finding opportunities to improve customer experience, customer outcomes and commercial performance.
- Developing product roadmaps and prioritising investment decisions to maximise value.
- Using customer insight, market intelligence and performance data to support strategic decision making.
- Ensuring products remain aligned to governance, risk and regulatory requirements throughout their lifecycle.
- Leading product reviews, regulatory change implementation and control activities.
- Building strong partnerships across business, technology, operations and risk teams.
- Managing important supplier and partner relationships that support the product portfolio.
- Leading, coaching and developing a team of product leaders and specialists.
- Representing the portfolio within senior leadership and governance forums.
This is a role for someone who enjoys solving complex challenges, balancing customer, commercial and regulatory considerations and leading through change. You'll bring a pragmatic approach to decision making and be comfortable operating in a fast-moving and highly regulated environment.
WHAT YOU'LL NEED
We’re looking for someone who can demonstrate:
- Product Strategy & Product Management: Experience defining product vision and strategy, leading complex product portfolios and translating long-term goals into clear priorities, roadmaps and measurable outcomes.
- Commercial Decision Making: Strong commercial awareness, with experience balancing customer needs, business goals, technology considerations and risk requirements to drive sustainable growth and customer value.
- Data-Driven Insight & Customer Focus: Ability to use customer insight, market intelligence, experimentation and performance data to identify and explore opportunities, improve customer outcomes and inform strategic decision making.
- Risk & Regulatory Management: Experience operating within a regulated and controlled environment, with strong governance, risk and regulatory awareness across the product lifecycle.
- Stakeholder Management & Influencing: Proven ability to build strong relationships and influence senior collaborators across business, technology, operations and risk functions, aligning priorities and driving successful outcomes.
- People Leadership & Organisational Capability: Experience leading and developing high-performing teams, building capability and creating an inclusive environment where colleagues can learn, collaborate and thrive through change and complexity.
ABOUT WORKING FOR US
Our ambition is to build a purpose-led organisation where skilled people can do their best work and make a real difference for customers. We value diverse perspectives, encourage continuous learning and empower colleagues to shape the future of our products and services.
This is a fantastic opportunity to lead at scale, influence strategic direction and help build high-performing product teams that deliver meaningful outcomes for customers, colleagues and the business!
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.
Head Product Lead employer: Lloyds Bank
At Lloyds Banking Group, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work environment in Fort William. With a strong focus on employee growth through our Skill Progression Framework, we provide ample opportunities for career advancement while ensuring a healthy work-life balance with flexible working options. Our comprehensive benefits package, including generous pension contributions and wellbeing initiatives, reflects our commitment to the well-being of our colleagues, making us a great place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Head Product Lead
✨Tip Number 1: Get Involved in Consulting Case Competitions
Look for case competitions hosted by universities and consulting firms. They’re a fab way to showcase your problem-solving skills and meet industry players. Plus, winning one can seriously boost your CV, which we know is key when applying for roles like Head Product Lead at Lloyds Bank!
✨Tip Number 2: Leverage Alumni Networks
Tap into your university’s alumni network; many consultants love to help out new talent. Reach out to alumni who are working in management consulting, they might have insider knowledge about openings at firms like Lloyds Bank or be willing to refer you for that Head Product Lead position!
✨Tip Number 3: Attend Industry Events and Conferences
Keep an eye on management consulting events, workshops, or panels. These are prime opportunities to network with top professionals and get your name out there. You might even bump into someone from Lloyds Bank who’s on the lookout for their next Head Product Lead star!
✨Tip Number 4: Polish Your Consulting Skills Online
Engage with online platforms that offer consulting simulations or courses. Prove your chops by completing relevant projects — this not only beefs up your experience but also gives you concrete examples to chat about during interviews for that full-time Head Product Lead role at Lloyds Bank!
We think you need these skills to ace Head Product Lead
Some tips for your application 🫡
Show Your Problem-Solving Skills:In management consulting, it's all about problem-solving—so make sure your CV highlights your analytical and critical thinking skills. Include examples from your studies or previous roles where you tackled complex issues or came up with innovative solutions. Quantify your achievements whenever possible to demonstrate your impact!
Tailor Your Cover Letter:Your cover letter is your chance to explain why you're a perfect fit for the consulting world. Focus on your motivation for joining the industry and how your skills align with the requirements of the role at Lloyds Bank. Remember to mention any relevant coursework or projects that showcase your understanding of strategic frameworks or business models!
Highlight Team Experience:Consultants often work in teams, so it's vital to showcase your collaborative skills. Include experiences where you've worked effectively with others, whether in academic group projects or internships. Discuss your role in the team and how you helped achieve common goals, demonstrating you can thrive in a consultancy environment.
Professionalise Your Online Presence:Make sure your LinkedIn and any other professional profiles are up to date, reflecting your career aspirations in management consulting. Connect with industry professionals and follow relevant groups—show you’re serious about entering this field. Applying through our website is a great way to get noticed, so showcase your personality and enthusiasm there!
How to prepare for a job interview at Lloyds Bank
✨Master the Case Study Game
In management consulting, case study interviews are all the rage. Make sure to practice structuring your thoughts and analysing data on the fly. Use resources like example case studies to get comfortable with frameworks and solutions. Remember, it’s not just about getting the right answer but showcasing your thought process, so talk us through your reasoning!
✨Know Your Numbers
Be prepared for some numerical and analytical questions. Brush up on your mental math and be ready to interpret data from charts or graphs. We might throw some business scenarios at you that require a quick turnaround on numerical analysis, so practice these skills to feel confident and swift!
✨Show Your Leadership Flair
As this is a full-time role, we want to see your potential as a seasoned consultant. Be ready to discuss experiences where you've led a project or a team. Think about times you've influenced decisions or navigated challenges—this is your chance to show how you can thrive in a fast-paced, collaborative environment.
✨Be a Cultural Fit
We’re not just looking for brains; we want to see if you vibe with our company culture at Lloyds Bank. Prepare to share how your values align with ours. Have a think about what makes a great team environment for you and how you can contribute to that. A good cultural fit goes a long way in management consulting!
