Head of Trade & Working Capital Risk Management, Lloyds
+ An annual bonus award, subject to Group performance + Share schemes including free shares
2 days a week in office
Retail and commercial bank
Be an early applicant
Retail and commercial bank
1001+ employees
Be an early applicant
+ An annual bonus award, subject to Group performance + Share schemes including free shares
2 days a week in office
1001+ employees
Company mission
To support families and businesses, helping them to take the next step, whatever that may be.
Role
Who you are
- Knowledge and insight of the Commercial Bank and the Trade and Working Capital business
- Prior experience leading a risk management function, preferably in commercial banking
- In-depth awareness of the regulatory framework, assessment of applicability to the organisation’s products and services and execution of the necessary compliance and risk controls
- Appreciation of evolving risks resulting from emerging technology solutions in the Trade and Working Capital area
- Awareness of market trends, and the opportunities and threats that these present to customers and the bank, and the amendments required to the Group’s risk management framework
- Understanding and experience of the product set – and insight into the broader trends and changes impacting clients across the wider industry
- Track record of working collaboratively and influencing key partners at all levels across the organisation
What the job involves
- We’re looking for an individual who is highly experienced in Trade to lead a new function of transaction risk management within the business
- You’ll be responsible for identifying, monitoring, reporting, and improving trade & working capital-related risks, while also ensuring alignment to core regulatory requirements and compliance policies and delivering great customer outcomes
- You’ll work with a high energy team of product specialists, as well as key partners in other areas of the bank, to unlock growth whilst championing an environment of diversity and customer centric innovation, promoting new ways of working to deliver our broader purpose – Helping Britain Prosper
- Review structured (standard and non-standard) trade transactions for CIB and BCB customers, to ensure these are within product risk appetite
- Work collaboratively with trade specialists in the team to scrutinise new products and propositions (e.g. digital) to optimise the business’ risk posture
- Identify, document, manage and control any new risks, especially those that might emerge from adopting new technology and digital solutions
- Review Commodity transaction structures to ensure adherence to transaction conditions, including adequate collateral coverage
- Review Trade portfolio to ensure no concentration risks (e.g. counterparty, country)
- Review distributed transactions to ensure no additional residual risks
- Review insurance to ensure adequate coverage of portfolio conditions
- Review UKEF transactions to ensure adherence to conditions of guarantees
- Ensure that requisite controls are shared with the Product Risk team and tested appropriately
- Ensure that the product handbooks accurately reflect processes, product and sub-product risks, including coverage for Trade’s digital roadmap
- Work with Trade Services to ensure reputational, financial crime and other non-financial risks are adequately reviewed and documented
- Regularly monitor key vendor risks including established suppliers and recent emerging fintech partners
- Ensure Product system maps remain current and form part of annual Product reviews
- Review government trade updates to ensure best-in-class compliance
- Represent the organisation, building strong relationships with external partners, in particular regulators and other governing bodies
Application process
- End Date: January 19, 202
Salary benchmarks
Our take
Lloyds Bank, part of Lloyds Banking Group, began operations back in 1765 and is nowadays one of the UK’s leading retail and commercial banks. As with many leading banks, the company has dealt with its share of controversy – including for its handling of PPI complaints in 2015, and the 2009 European Commission ruling that forced it to part ways with TSB – but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
Of the company’s 26 million customers, over 18 million of them are online, making it the largest UK digital bank. As part of its ongoing digital transformation, the company is seeking to put the cloud at the front of its services and systems, and has cited intentions to invest heavily in overhauling its current technology infrastructure. All this seeks to serve the modern banking customer, and to compete with the fast-increasing number of alternative banking options appearing on the market.
Recently, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on FinTech Action Labs (a FinTech accelerator programme) to bring its industry expertise to early-stage FinTechs. As well as investment in digital transformation and AI, the company is enhancing its wealth product and corporate banking offerings, as well as expanding its partnerships with digital banking companies.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
- A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
- A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
- Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
- Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
- Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
- Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
- Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
- Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.
Company values
- We trust each other to achieve more together. We listen to, and are honest with, each other. We take things on, see them through, and give others the space and support to do the same.
- We put people first, and empower our colleagues to go the extra mile for our customers and communities. We treat everyone as individuals, and we don’t put processes ahead of real people’s needs.
- We embrace our differences to value everyone. We seek out diverse perspectives in order to learn about people’s different and changing needs, and to see how we can best support these.
- We’re bold and take action to drive the best outcomes for our customers. We champion ideas that move us forward, and we innovate for better results. We challenge things that aren’t right and make it our job to change them.
Company HQ
City of London, London, UK
Articles
Leadership
Charlie Nunn
(Group Chief Executive, not founder)Spent nine years at HSBC, including as Group Head of Wealth Management and Digital, and as CEO of Wealth and Personal Banking.
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