At a Glance
- Tasks: Drive continuous improvement in control design and operational resilience through data analytics.
- Company: Join Lloyds Banking Group, a leader in inclusivity and diversity.
- Benefits: Inclusive culture, career development opportunities, and support for under-represented groups.
- Other info: Be part of a team that values diversity and supports your growth.
- Why this job: Make a real impact by enhancing controls and mitigating risks in a dynamic environment.
- Qualifications: Experience in control testing, coding skills, and strong analytical abilities.
The predicted salary is between 55000 - 65000 £ per year.
Join to apply for the Control Assurance Manager role at Lloyds Banking Group. We are looking for a motivated and meticulous Control Assurance Manager who has a restless curiosity to identify areas for testing, devise testing strategies, and distil key information from testing outcomes into actionable insights that improve controls and mitigate risk.
ABOUT THE ROLE
As a Control Assurance Manager, you'll deliver independent, objective testing of key business controls across CIB. You'll validate control design and operational effectiveness, identify weaknesses, and recommend improvements to strengthen the control environment. This role combines technical expertise, data analytics, and stakeholder engagement to drive continuous improvement and operational resilience.
KEY ACCOUNTABILITIES
- Identify new potential testing areas and deliver targeted testing of high-risk processes (e.g., trading mandates).
- Validate control design and operational effectiveness against risk toolkits and regulatory standards.
- Utilise data skills and coding capability to compare datasets and identify reconciliation exceptions.
- Document findings, root cause analysis, and remediation recommendations.
- Contribute to the development of control testing strategies and implementation of risk management processes.
- Identify systemic issues, consider read-across, and propose enhancements to strengthen the control environment.
- Support initiatives to embed 'Control by Design' principles and automation.
- Recommend and implement improvements to streamline manual controls and enhance efficiency, utilising AI inputs.
STAKEHOLDER ENGAGEMENT
Act as a trusted partner across the three lines of defence. Provide input and constructive challenge into change programmes to ensure testing outcomes are integrated.
WHAT YOU'LL NEED
- Strong understanding of operational risk and control frameworks.
- Experience in control testing methodologies and assurance practices.
- Knowledge of non-financial risk types relevant to CIB (e.g., conduct, economic crime, data resilience).
- Familiarity with Control by Design (CbD) methodology.
- Coding skills (e.g., Python) to identify and leverage insights on data irregularities and exceptions.
- Analytical skills for data-driven insights and root cause analysis.
- Excellent communication skills for reporting and stakeholder engagement.
- Ability to interpret and apply risk policies and regulatory requirements.
- Exposure to Agile ways of working and transformation programmes.
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. And it's why we especially welcome applications from under-represented groups. We are 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!
Controls Assurance 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 professional development, employees in the Control Assurance Manager role will benefit from a collaborative work culture that encourages continuous improvement and innovation, particularly through the use of data analytics and emerging technologies. Located in a dynamic environment, Lloyds offers unique opportunities for growth and engagement, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Controls Assurance Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like LLOYDS BANKING GROUP looking for candidates who are engaged and informed.
We think you need these skills to ace Controls Assurance Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at LLOYDS BANKING GROUP. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at LLOYDS BANKING GROUP
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with LLOYDS BANKING GROUP’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
