At a Glance
- Tasks: Oversee compliance policies and conduct reviews to ensure regulatory adherence.
- Company: Join Lloyds Banking Group, a leader in transforming finance for good.
- Benefits: Generous pension, performance bonuses, 30 days holiday, and flexible lifestyle benefits.
- Other info: Hybrid work model with opportunities for professional growth and development.
- Why this job: Make a real impact in compliance while working in a supportive, inclusive environment.
- Qualifications: Experience in compliance within financial institutions and strong analytical skills.
The predicted salary is between 40000 - 50000 £ per year.
Join to apply for the Compliance Risk Specialist role at Lloyds Banking Group. This range is provided by Lloyds Banking Group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
WORKING PATTERN
Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About this opportunity
Within the Risk function are a number of sub-functions, one of those being Compliance, Conduct & Operational Risk ("CCOR"). Within CCOR there are a number of teams, one of those being Central Compliance. Within Central Compliance there are five teams - this role is in one of those teams. The team has a range of responsibilities, all focused around establishing and overseeing the tools and programs for the Group to comply with rules and regulations and evidence that compliance.
Specifically, the successful candidate will be joining a sub-team of three who are the subject matter experts for a number of regulatory activities and risks including:
- Regulatory Authorisations, Permissions and Waivers
- Non-Financial Regulatory and Statutory Reporting
- CASS
- Political Engagement
- Cross Border Activity
Day to day, you will:
- Perform oversight of the effective functioning of the regulatory compliance policy, including embedding of control standards and functioning of core processes.
- Conduct thematic reviews and deep dives for regulatory compliance risks for specific areas of concern.
- Identify regulatory changes and oversee regulatory traceability through policies, communicate such regulatory changes and support the business in impact assessment and capability development as required.
- Oversee business assurance plans and activities, including control testing, RCSAs, etc.
- Advise and support around embedding and operating Compliance practices, including guidance on tools/systems where relevant.
- Assist in maintenance of regulatory compliance policy and associated standards, and coordinate embedding these across the Group.
- Oversee the delivery of action and remediation plans against specified issues; including advice/guidance or hands‑on roles in case of regulatory action or breach remediation.
- Use data analytics to identify potential risks, trends and themes to prevent regulatory compliance risk materialising, share findings with the business and other risk specialists to enable ongoing improvement to the risk and control environment.
- Participate in business and functional governance forums where required, providing review and challenge, and escalating any issues where required.
What you’ll need:
- Experience in the compliance function of a financial institution/bank
- Ability to interpret and apply regulatory frameworks - specifically providing advice and guidance on FCA SYSC and SUP
- Analytical thinking and judgment - specifically performing high-quality insightful oversight.
- Communication and interpersonal effectiveness - specifically building strong, productive working relationships with stakeholders
- Teamwork and cooperation: Working collaboratively with others
- Problem‑solving and strategic thinking skills - specifically helping the business to identify the right solutions.
- Excellent written and oral communication skills
And any experience of these would be really useful:
- Understanding of risk frameworks
- Data analytical experience
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're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know.
We also offer a wide‑ranging benefits package, which includes:
- 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
If you're excited by the thought of becoming part of our team, get in touch. We'd love to hear from you.
Compliance Risk Specialist in Leeds employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer, offering a hybrid work environment that promotes flexibility and work-life balance. With a strong commitment to diversity and inclusion, the company fosters a supportive culture where employees can thrive and grow, backed by a comprehensive benefits package including generous pension contributions, performance-related bonuses, and extensive wellbeing initiatives. Joining Lloyds means being part of a forward-thinking organisation dedicated to shaping finance for good, while also providing ample opportunities for professional development and meaningful contributions to the community.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Risk Specialist in Leeds
✨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 Compliance Risk Specialist in Leeds
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!
