At a Glance
- Tasks: Lead independent testing of business controls and manage non-financial risks effectively.
- Company: Join Lloyds Banking Group, a diverse and inclusive organisation.
- Benefits: Competitive salary, inclusive culture, and opportunities for personal growth.
- Other info: Embrace diversity and be part of a supportive team that values your unique background.
- Why this job: Make a real impact on client-facing operations and drive strategic initiatives.
- Qualifications: Strong understanding of operational risk and control frameworks; analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
The CIB Product Controls Testing Manager provides independent, objective testing of key business controls. You will ensure that non-financial risks within CIB processes are effectively managed through robust design and operating effectiveness of controls. Testing focuses on priorities across the end-to-end product lifecycle, driving strategic initiatives and supporting growth objectives, including lending expansion in Europe and the US.
Key accountabilities
- Control Testing & Assurance: Deliver end-to-end control testing across high-risk product processes that impact clients and regulatory outcomes, including planning, execution, and reporting. Assess control design and effectiveness across CIB processes, gathering and validating evidence, and clearly reporting issues. Identify weaknesses and root causes and ensure remediation actions are completed and sustainable.
- Change & Transformation Oversight: Provide control testing of change initiatives, ensuring that client-impacting changes are risk assessed and appropriately governed. Analyse data to identify trends, themes, and root causes for risk mitigation and operational improvement.
- Data Analytics & Insights: Analyse trends across control failures to identify thematic issues and emerging risks. Support the development of dashboards or MI that track testing progress, common findings, and overall control environment health. Act as a trusted partner to CIB business areas, Risk, Compliance, and Audit. Support control forums and contribute to regulatory and audit responses. Identify opportunities to streamline and automate existing controls within Client Operations, reducing manual effort while improving efficiency and alignment with regulatory standards.
What you’ll need:
- Strong understanding of operational risk and control frameworks, ideally within a client-facing operations environment.
- Ability to analyse complex processes and products including corporate lending, trade finance, transaction banking products, payments and operations.
- Proven success in delivering Control by Design and managing risk holistically across end-to-end accountabilities.
- Experience in 1st, 2nd or 3rd line preferred but not essential.
- Familiarity with data analytics techniques to assess the completeness and efficiency of risk and control environments; understanding of AI is highly desirable.
- Excellent attention to detail and strong documentation skills.
- Strong communication skills and ability to work effectively with various partners and challenge constructively.
About working for us:
Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package and a dedicated Working with Cancer initiative. We especially welcome applications from under-represented groups. We’re disability confident, so if you’d like reasonable adjustments to be made to our recruitment processes, just let us know. If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you!
CIB Product Controls Testing Manager employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer that prioritises inclusivity and diversity, ensuring every employee feels valued and empowered to thrive. With a strong commitment to employee growth, the company offers robust training programmes and opportunities for advancement within a supportive work culture. Located in a dynamic environment, Lloyds fosters innovation and collaboration, making it an ideal place for professionals seeking meaningful and rewarding careers in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land CIB Product Controls Testing Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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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 CIB Product Controls Testing Manager
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.
