At a Glance
- Tasks: Lead supplier risk oversight and develop strategies to manage risks effectively.
- Company: Join a leading UK business committed to diversity and inclusion.
- Benefits: Generous pension, performance bonuses, share schemes, and 30 days holiday.
- Other info: Inclusive culture with opportunities for personal and professional growth.
- Why this job: Make a real impact in operational risk management while working in a hybrid environment.
- Qualifications: Strong supplier risk expertise and experience with relevant regulations required.
The predicted salary is between 83411 - 107943 £ per year.
Job Description Summary
SALARY: £83,411 - £107,943
LOCATION(S): Edinburgh, Leeds, Halifax, Birmingham, Bristol
HOURS: Full time
WORKING PATTERN: Our work style is hybrid, which involves spending two days per week, or 40% of our time at one of our Risk Hubs.
About this Opportunity
We’re on an exciting journey and there couldn’t be a better time to join us. We have a fresh operating model for non‑financial risk management across the Group, empowering our people to take end‑to‑end accountability for managing the risks that they face. We’re looking for an expert Senior Manager for this new role to support the development, implementation and operationalisation of robust Business Unit Supplier Risk Oversight aligned with the Group’s Enterprise Risk Management Framework (ERMF). You’ll be an authority on supplier risk, providing thought leadership, insight, and oversight on how Business Units align with relevant regulations and manage supplier risk effectively. You’ll drive the approach and implementation of supplier oversight objectives identifying risks, challenging and advising the business to mitigate and control risks in accordance with the risk appetite.
Key accountabilities:
- Lead, develop and drive pragmatic relationships with strategic internal customers and act as a trusted advisor for supplier risk.
- Lead and contribute to delivering Material Outsource Notifications coordinating with internal risk specialists and relevant Business Units.
- Take responsibility to formally grow capabilities within a significant functional area of the business.
- Act as one of LBG’s Operational Risk specialists representing the organisation, building strong relationships with external partners, regulators, and other governing bodies.
- Provide input and direction to the ongoing development of the LBG supplier risk capability including new global regulatory approaches and requirements.
- Ensure Business Units align to relevant internal policies and adhere to current regulatory requirements such as SS2/21, EBA, DORA or similar.
- Attend and contribute to Group wide governance offering a depth of subject‑matter expertise and risk opinion.
- Contribute to and support the enhancement of risk policies and appetite through the identification and assessment of emerging risks.
- Provide thematic periodic updates to risk committees including the performance of Business Units and their remediation of notable or emerging risks.
- Support the evolution of the supplier risk capability bringing experience of framework, tooling, or process experience.
- Build and deliver pragmatic risk opinion on notable topics or emerging themes including Business Process Outsourcing (BPO) to support LBG supplier strategy.
- Assist with the development and implementation of effective, ongoing data‑led Operational Risk control objectives to meet the needs or risk and control owners, control specialist teams, Audit, and external regulators.
What you’ll need:
- Evidence of strong supplier risk expertise with a track record of delivery in complex environments bringing specific expertise of relevant regulation.
- Experience of creating and delivering Material Outsource Notifications to a high standard; experience of delivering to regulators would be advantageous.
- Understand best in class approaches to operational risk globally and recognised internally and externally as a subject matter authority and capable of influencing regulatory policy as it relates to the Financial Services sector.
- Demonstrate confidence to provide credible advice and oversight to support the business and the mandate of the SMF.
- Demonstrate solid understanding of relevant laws, regulation, industry standards and established industry leading practices in Operational Risk Management.
- Evidence of demonstrating good and timely decision making that keeps the organisation moving forward and skilfully balances difficult trade‑offs with the ability to understand business strategy and opportunity risks.
Additional experience:
- Excellent communication skills and the ability to influence at senior levels.
- Inclusive working style that ensures everyone can be themselves in a safe environment.
- Record of delivering results and an awareness of the importance of documentary evidence for key decisions.
- A sound understanding or relevant experience of using AI in a supplier risk environment to undertake predictive risk analytics.
- Demonstrates strong operational risk expertise, ensuring the business clearly understands its risk obligations and operates within Risk Appetite.
- Able to provide examples of robust oversight and effective challenge, identify emerging risks early, and recommend mitigation actions that are outcome focused, practical and commercially viable.
About working for us
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
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
Senior Manager, Third Parties Oversight, Group Operational Risk, CCOR. employer: Lloyds Banking Group
Join a forward-thinking organisation that prioritises diversity, equity, and inclusion while offering a hybrid work model that promotes flexibility and work-life balance. As a Senior Manager in Supplier Risk Oversight, you'll benefit from a generous pension contribution, performance-related bonuses, and extensive professional development opportunities, all within a supportive environment that encourages personal growth and collaboration across various locations including Edinburgh, Leeds, and Birmingham.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager, Third Parties Oversight, Group Operational Risk, CCOR.
✨Tip Number 1
Network like a pro! Reach out to current employees on LinkedIn or at industry events. Ask them about their experiences and any tips they might have for getting your foot in the door.
✨Tip Number 2
Prepare for interviews by researching the company’s recent projects and challenges. This shows you’re genuinely interested and ready to contribute to their goals right from the start.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the role of Senior Manager in Supplier Risk Oversight. Highlight your experience with regulations and risk management to stand out.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Senior Manager, Third Parties Oversight, Group Operational Risk, CCOR.
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Manager role. Highlight your supplier risk expertise and any relevant experience that aligns with the job description. We want to see how your skills match our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your past achievements in supplier risk oversight and how they relate to what we’re looking for.
Showcase Your Communication Skills:Since this role involves influencing at senior levels, make sure your application reflects your strong communication skills. Use clear and concise language, and don’t shy away from showcasing your ability to engage with stakeholders.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with StudySmarter!
How to prepare for a job interview at Lloyds Banking Group
✨Know Your Supplier Risk Inside Out
Make sure you brush up on the latest regulations and best practices in supplier risk management. Be prepared to discuss how your expertise aligns with the Group’s Enterprise Risk Management Framework and how you can contribute to its implementation.
✨Showcase Your Leadership Skills
As a Senior Manager, you'll need to demonstrate your ability to lead and develop relationships with internal customers. Prepare examples of how you've successfully influenced stakeholders and driven change in previous roles.
✨Be Ready for Scenario Questions
Expect to face scenario-based questions that assess your decision-making skills in complex environments. Think about past experiences where you identified risks and implemented effective mitigation strategies, and be ready to share those stories.
✨Communicate Clearly and Confidently
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and confidently, especially when discussing technical topics. Remember, you want to convey your expertise while also being approachable and inclusive.
