Manager of Operational Risk Capital, Lloyds
£67-81.9k
2+ days a week in office
Retail and commercial bank
Open for applications
Retail and commercial bank
1001+ employees
Open for applications
£67-81.9k
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
- Experience in risk management and controls at managerial level
- An understanding of capital risk framework and model approaches, including Solvency II requirements
- Strong understanding of ERMF and operational risk frameworks
- Excellent stakeholder management and communication skills
What the job involves
- The IP&I Chief Controls Office (CCO) is not just a function, it’s a strategic engine driving control transformation and excellence across Insurance, Pensions & Investments
- At the heart of the IP&I CCO is a mission to reset risk and elevate control standards. From tackling legacy challenges to leading control environment transformation and control automation, the team is making tangible improvements that unlock our potential to protect customers now, and in their futures
- As a manager with responsibility for our Operational Risk Capital processes, you will play a key role in managing the end-to-end process for IP&I. You will be responsible for coordinating capital inputs, supporting robust governance and oversight, and ensuring the process is delivered accurately and in line with the Solvency II requirements
- This role demands strong leadership, cross-functional coordination, analytical capability, and the ability to influence senior stakeholders
- Managing the operational risk capital process for IP&I, ensuring timelines, governance and deliverables are met
- Ensuring the capital process is delivered in line with requirements, internal policy and relevant governance standards
- Coordinating risk, control and loss data inputs in partnership with Risk Owners, Control Owners and Finance to support capital analysis and reporting
- Providing analysis, challenge and insight on capital drivers, trends and movements to support effective senior management decision-making
- Preparing and coordinating papers, reporting and governance materials to support review and approval of capital outcomes
- Acting as a key point of contact for stakeholders across IP&I, Group functions and second line Risk on operational risk capital matters
Application process
- End Date: Thursday 23 July 2026
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, but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
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 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.
On top of this, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on "FinTech Action Labs" to bring its industry expertise to early-stage FinTechs. The company continues to enhance its online and mobile services (it is the UK's biggest mobile bank), 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)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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