Manager PRA Reg Affairs, Lloyds
Central Compliance, CCOR-2
£76.5-85k
+ Annual performance bonus award + Share scheme
2 days a week in office
Retail and commercial bank
Job no longer available
Retail and commercial bank
1001+ employees
Job no longer available
£76.5-85k
+ Annual performance bonus award + Share scheme
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
- Ability to collaborate with multiple partners and build strong partnerships and experience in supporting businesses
- Good base-level knowledge of the PRA’s approach to banking supervision and an interest and inquisitiveness in the PRA regulations applicable to the Group
- Ability to understand and summarise regulatory information for visibility at Executive level. Good oral and written communication skills
- Ability to understand and assimilate different sources of data and information and draw relevant conclusions and recommendations
- Understanding of end-to-end accountability in the context of risk management in a banking group like LBG
- Customer centric approach and understanding LBG’s strategy
Desirable
- Knowledge of PRA regulations applicable to LBG
- Understanding of the Group’s business areas
- Experience of working at a financial rRegulator
- Knowledge of Microsoft Office tools, risk management tools and other data analytic tools
- Inclusive working style that ensures everyone can be themselves in a safe environment
- An awareness of the importance of documentary evidence for key decisions
What the job involves
- We’re on an exciting journey at LBG 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 Risk Manager to help inform and support Board members, Senior Executives and relevant business areas to deliver good engagement in their interactions with the PRA
- In this role you’ll play a key role in supporting the regulatory engagements for: the Group Chief Credit Office, the Group Chief Operating Office, and for the Ring-Fenced Bank Risk Office
- Looking further ahead, the portfolios of the GRA team members get periodically refreshed to keep everyone challenged and learning new things; so there will be opportunities to support the regulatory engagements for a range of other high-profile areas
- Preparing briefings, MI and reports that provide GEC and Board members with the latest positions on regulatory topics and insight about the approach/views of our supervisors
- Attending senior stakeholder meetings with the regulator and produce summary insights
- Establishing trusted partnerships with key business areas to support the proactive management of regulatory engagements
- Contributing to the creation and ongoing development of Group guardrails for acceptance and mitigation of regulatory risks and compliance breaches
- Interpreting new and existing regulations and understand their likely impact on relevant parts of the Group. Inform business areas of upcoming regulatory changes
- Contributing to the identification and assessment of regulatory and compliance risks
- We’re on an exciting journey to transform our Group and the way we’re shaping finance for good
- We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you
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
-1% employee growth in 12 months
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 HQ
City of London, London, UK
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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