Senior Manager, Regulatory Risk

Edinburgh, Midlothian

Job Description – Senior Manager, Regulatory Risk

At Lloyds Banking Group, we’re motivated by a clear purpose – to Help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities.

We’re seeing the unprecedented changes in the banking sector brought about by shifts in technology, our customers’ changing preferences and the evolving and regulatory environment. So we’re adapting, innovating and responding at pace to ensure we can continue become the best bank for customers.

Insurance and Wealth helps personal and business customers with their long-term protection, retirement and investment needs. We support around 10 million customers with assets under administration of £155 billion and annuity payments in retirement of over £1 billion every year.

As a Senior Manager, Regulatory Risk you will provide support senior management and Heads of Function across the Investment management business to identify, interpret and implement regulatory change. You will provide thought leadership, knowledge, analytical skills and have stakeholder management capability and self-confidence to challenge existing processes and to make well researched and soundly judged recommendations.

This role provides the opportunity to develop personally, work flexibly and collaboratively with an ambitious team, to help us transform our colleague experience and bring to life the Group’s vision of being the Best Bank for Customers & colleagues. In this role you will work alongside other risk experts covering investment, operational and regulatory risk.

What you’ll be doing…

You’ll oversee investment related regulatory activity within the business as well as where this is delegated to other teams e.g. asset managers, custodian. You will provide regulatory (and some operational) advice on the substance, design and development ?of key propositions /business solutions and related risks and issues.

You will help shape an effective investment compliance monitoring plan to support the ACD Board and provide assurance that the investments businesses remain compliant.

Review, interpret and advise on FCA and PRA Handbook rules and guidance, EU financial services regulations, directives, technical standards as well as legal, regulatory rules and IA best practice guides.

Provide expert regulatory advice and challenge to strategic business projects through mobilisation, delivery and implementation phases.

Attend regulatory committees and forums to represent the business area including presenting papers and analysis.

You’ll build and maintain an effective internal and external network of key partners to establish understanding of the business and Regulatory environment and risks

We’re looking for your skills in the following…

  • Ability to build and maintain a relationship with key executive partners.
  • Strong influencing, negotiating and coaching skills.
  • Significant subject matter expertise of existing and emerging regulations covering Investment Management, ESG and sustainability, Libor transition and insurance prudential regulations such as solvency 2.
  • Deep knowledge of retail fund management business and relevant customer and investment related Regulations including AIFMD, FUND & COLL
  • Good understanding of the various fund types and legal structures including UCITS, OEICS, NURS, QIAIFS & ACS and the asset classes of the underlying investments
  • Experience of building and maintaining strong governance and control frameworks for retail investment business
  • Knowledge of different asset classes including fixed income, derivatives and illiquid asset classes would be helpful
  • Experience of developing and implementing and investment compliance program

Our continued commitment to helping Britain prosper means that as a colleague you can make a difference to customers, businesses and communities.

Together we have a key role to play in shaping the bank of the future, whilst the scale and reach of our Group means you’ll continue to have opportunities to learn, grow and develop.

We’re focused on creating a values-led culture, and our approach to inclusion and diversity means that we all have the opportunity to make a real difference, together.

As part of the Group’s commitments as a result of ring-fencing legislation, colleagues based in the Islands are required to be exclusively dedicated to the non-ring-fenced bank and its subsidiaries. This means that colleagues who are based in the Islands would not be able to undertake roles for the Ring Fenced Bank from their existing location and would need to consider relocation when applying for roles.

Have we got your attention yet?

We’ll give you an energising environment where you’ll see our real passion for diversity and equal opportunity – ensuring our colleagues represent the communities we serve.

You’ll also get a comprehensive remuneration package that includes a bonus, a flex cash pot, a car/allowance, 30 days holiday, Private medical benefit and a generous pension. We also encourage agile working and the role offers a good work life balance.

So, be a key part of a team where you’re given the confidence to be your whole and best self as we journey to lead the industry sector and apply today…