At a Glance
- Tasks: Lead a team of compliance specialists to ensure banking regulations are met.
- Company: Join Lloyds Banking Group, a leader in financial services with a strong community focus.
- Benefits: Enjoy a generous pension, performance bonuses, and 30 days' holiday.
- Other info: Be part of a diverse and inclusive culture that values your growth.
- Why this job: Shape the future of banking while making a real difference for millions of customers.
- Qualifications: 15+ years in financial services with senior leadership experience in compliance.
The predicted salary is between 70000 - 90000 £ per year.
We're looking for a head of function to lead a team of experienced banking and payments compliance specialists to support the Everyday Banking business and the millions of customers who bank and save with Lloyds Banking Group (including Lloyds, Halifax and Bank of Scotland) in adhering to all core regulatory requirements including BCOBS, PSR, PROD and the Consumer Duty. You will have substantial retail banking experience, including senior leadership experience, with deep understanding of the key factors that drive value for customers and compliance subject matter expertise. We're also looking for someone innovative and transformational who loves proactively working with business executives to develop new opportunities to better meet customers' needs and will adopt new technologies with determined curiosity. You'll lead and develop a centre of excellence to support robust risk management in alignment with the Group's Enterprise Risk Management Framework and good outcomes for customers.
Responsibilities
- Act as the Group's risk lead on Everyday Banking compliance, including current account and savings products, building strong relationships with leadership and supporting engagement with regulators.
- Interpret new and existing regulations accurately and adeptly, forethinking the direction of travel and anticipating the impact of proposed changes on the Group.
- Support risk-based decision making in line with risk appetite.
- Ensure Conduct & Compliance Risks are measured, monitored, controlled, and reported on a timely basis and provide independent challenge to risk decisions.
- Lead the development and implementation of a risk and control oversight plan to assess compliance to relevant laws and regulations.
- Provide broader leadership to the Conduct, Compliance and Operational Risk function as part of the Extended Leadership Team, with career aspirations to undertake an Executive-level role.
Qualifications
- 15+ years' experience in financial services, including in retail banking, with the majority spent in risk and control functions (Legal, Compliance, Risk, Control).
- 5+ years in a Senior Leadership role in compliance or a similar function at head of or director level.
- Demonstrable ability to provide oversight, including testing, as well as advice.
- Expert knowledge of BCOBS, PSR, PROD and the Consumer Duty, able to provide credible advice and opinions on compliance with regulatory obligations and strategic issues that impact Group strategy.
- Able to communicate the complex simply.
- Able to provide risk-based, commercial and actionable advice to inform risk appetite decisions by senior business leaders, skilfully balancing difficult trade-offs.
- Strong relationship management skills and experience engaging directly with senior business leaders and previous experience managing teams.
- Demonstrates bravery and conviction when providing independent challenge to risk decisions.
- Able to handle conflict and different opinions to develop organisational alignment.
- Future focused by being able to conceptualise and articulate a customer centric desired end state.
- Inspires others by gaining followership and commitment to future action through personal integrity and collaboration.
- Coaches to go faster by demonstrating commitment to create an environment that establishes teams and creates new and better ways for the organisation to deliver at pace.
Desired Extras
- Legal qualifications
- Experience in a large retail bank.
- Experience deploying AI in Compliance or similar functions.
- Experience delivering compliance and conduct advice through innovation and change.
- Experience of advice and oversight of digital wallets, digital assets and/or customer-facing AI agents.
- Experience of acquisition activity and integration in a scaled bank.
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 keep your data safe. We'll only ever ask you to provide confidential or sensitive information once you have formally been invited to an interview or accepted a verbal offer to join us, which is when we run our background checks. We focus on creating a values-led culture and are committed to building a workforce that reflects the diversity of the customers and communities we serve. Our ambition is to be the leading UK business for diversity, equity and inclusion, supporting our customers, colleagues and communities. We are committed to creating an environment in which everyone can thrive, learn and develop.
Benefits
- A generous pension contribution of up to 15%
- An annual performance-related bonus
- 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
Head of Everyday Banking Compliance, CCOR in Cardiff employer: Lloyds Banking Group
At Lloyds Banking Group, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As the Head of Everyday Banking Compliance, you'll lead a talented team dedicated to ensuring compliance while driving customer-centric solutions, all within a supportive environment that prioritises employee growth and diversity. With generous benefits, including a substantial pension contribution and a commitment to wellbeing, you'll have the opportunity to make a meaningful impact in the financial services sector while advancing your career in a leading UK institution.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Everyday Banking Compliance, CCOR in Cardiff
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Don’t shy away from reaching out directly to firms like Lloyds Banking Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Head of Everyday Banking Compliance, CCOR in Cardiff
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Banking Group.
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How to prepare for a job interview at Lloyds Banking Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Banking Group.
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✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyds Banking Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Banking Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
