At a Glance
- Tasks: Lead regulatory strategy and manage relationships with key stakeholders in a dynamic environment.
- Company: Join a transformative organisation investing in people, data, and technology.
- Benefits: Generous pension, annual bonus, share schemes, 30 days holiday, and wellbeing initiatives.
- Other info: Flexible working patterns and support for diverse backgrounds are encouraged.
- Why this job: Be part of a journey that impacts 28 million customers while shaping regulatory engagement.
- Qualifications: Experience in regulatory affairs and strong communication skills are essential.
The predicted salary is between 100105 - 129547 £ per year.
Salary: £100,105 - £129,547
Location(s): London
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're putting in place a fresh operating model for non-financial risk management across the Group, empowering our people to take end-to-end accountability for handling the risks that they face. We're looking for a Senior Risk Manager to join our PRA Regulatory Affairs team. You'll ensure successful delivery of the Group's Regulatory Strategy, this role acts as a central point of contact for regulators, serving as conduit for identifying, escalating, and mitigating areas of regulatory risk. The Senior Risk Manager will play a key role in support regulatory engagement across the following parts of the Groups: Chief Credit Officer, Chief Operating Officer and Ring Fence Bank Officer. You will help to inform and support Board members, Senior Executives and relevant business areas to deliver good engagement in their interactions with the PRA.
Key accountabilities
- Represent the organisation and build strong relationships with the PRA, delivering the Group's Regulatory Strategy.
- Demonstrate depth to confidently provide credible advice and assurance on core compliance and regulatory obligations to support the business.
- Establish trusted partnerships with key business areas to support the proactive management of regulatory engagements.
- Prepare briefings, MI and Reports that provide senior management and the Board with latest positions on key hot topics, as well as key messages.
- Attending senior collaborator meetings with the regulator and produce summary insights.
- Interpreting new and existing regulations and understanding their likely impact on relevant parts of the Group.
- Forethinking the direction of travel and anticipating the impact of the proposed changes on the Group.
- Contributing to the identification and assessment of regulatory and compliance risks.
What you'll need
- Good base-level knowledge of the PRA's approach to banking supervision and an interest and inquisitiveness in the regulations applicable to the Group.
- Proven track record of strategic regulatory briefing and management or producing executive level documents.
- Has a thirst to improve, embrace new challenges and work flexibly, maintaining an understanding of emerging risks and areas of regulatory focus as they emerge and evolve.
- Has the ability to influence with impact, shaping the opinions and actions of key partners, gaining their trust and commitment to the desired outcome and demonstrates an ability to build strong partner relationships both internally and externally.
- Understands LBG's high level business strategy and priorities.
- Detailed understanding of emerging regulatory, customer and industry expectations and requirements.
- Ability to communicate in all forms and to audiences at all levels both internally and externally.
And any experience of these would be really useful
- Previous experience working with/or at the PRA/Regulator.
- Thorough understanding of the Regulatory environment and implications for LBG.
- Evidence of being an adopter of change and adopting transformation.
- Evidence of transforming ways of working.
We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
This is a place for you. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, 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 also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual bonus award, subject to Group performance
- 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
Ready to make an impact? Apply today!
Senior Risk Manager, PRA Group Regulatory Affairs employer: Lloyds Banking Group
Join us as a Senior Risk Manager in London, where you'll be part of a transformative journey in non-financial risk management. We pride ourselves on a hybrid work culture that promotes flexibility and collaboration, alongside a comprehensive benefits package including generous pension contributions, annual bonuses, and 30 days of holiday. With a strong focus on employee growth and wellbeing, we empower our team to take ownership of their roles while fostering an inclusive environment that values diverse backgrounds and experiences.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager, PRA Group Regulatory Affairs
✨Tip Number 1
Network like a pro! Reach out to current employees at the PRA Group on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of the PRA's approach to banking supervision. Show them you’re not just another candidate; you’re someone who’s genuinely interested in their regulatory landscape.
✨Tip Number 3
Practice your storytelling skills! Be ready to share specific examples of how you've influenced key partners or managed regulatory risks in the past. This will help you stand out as a candidate who can deliver results.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our exciting journey.
We think you need these skills to ace Senior Risk Manager, PRA Group Regulatory Affairs
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience with regulatory affairs and risk management. We want to see how your skills align with the Senior Risk Manager role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Knowledge:Demonstrate your understanding of the PRA's approach to banking supervision in your application. We’re looking for someone who can confidently discuss regulatory strategies, so include any specific examples or insights that reflect your expertise.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language and structure your thoughts logically. We appreciate a well-organised application that makes it easy for us to see your qualifications at a glance.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, you’ll find all the information you need about the application process there!
How to prepare for a job interview at Lloyds Banking Group
✨Know Your Regulations
Make sure you brush up on the PRA's approach to banking supervision and the specific regulations that apply to the Group. Being able to discuss these confidently will show your depth of knowledge and genuine interest in the role.
✨Prepare Executive-Level Briefings
Since you'll be producing executive-level documents, practice summarising complex regulatory topics into concise briefings. This will not only help you in the interview but also demonstrate your ability to communicate effectively with senior management.
✨Build Relationships
Think about how you can establish trusted partnerships with key business areas. Be ready to share examples of how you've built strong relationships in the past, as this is crucial for the role.
✨Show Your Adaptability
The job requires someone who embraces change and transformation. Prepare to discuss times when you've successfully navigated changes in your work environment or adapted to new regulations, showcasing your proactive approach to emerging risks.
