Reporting to the Chief Risk Officer, Insurance, this is a high-profile leadership role providing independent second line oversight across Lloyds Wealth. You’ll oversee the firm’s regulatory, conduct and compliance risk framework, ensuring the business operates within its regulatory obligations, Board-approved risk appetite and governance expectations, while delivering trusted challenge, guidance and support to senior leaders
As a member of the Wealth & Insurance Risk Leadership Team, you’ll help shape risk culture, influence strategic decision-making, build strong regulatory relationships and support sustainable growth across a business at the forefront of wealth, financial planning and retirement services
We’re seeking an experienced risk and compliance leader with strong regulatory expertise, commercial awareness and a passion for customer outcomes. You’ll be confident leading high-performing teams, influencing senior stakeholders and driving positive change within a highly regulated environment
In your capacity as Head of Risk Oversight, Lloyds Wealth, you’ll have responsibility for the oversight of the overall monitoring and management of compliance and conduct risk across the business, including:
- Act as a delegate to the SMF16 Compliance Oversight Function Holder, ensuring Lloyds Wealth maintains an effective and proportionate compliance framework. Leading the second line oversight of Lloyds Wealth’s distribution, advice and associated business activities, providing robust challenge and independent assurance
- Provide expert advice and strategic direction to senior management, executive committees and boards on Wealth Management
- Hold responsibility for the firm’s compliance plan, conduct strategy and support compliance with Consumer Duty requirements, ensuring products and services deliver fair customer outcomes
- Maintain oversight of key SMCR controls, including Training & Competency arrangements, adviser licensing, certification and ongoing fitness and propriety requirements
- Review and interpret forthcoming regulatory developments and ensure the business is appropriately prepared to respond, including leading engagement with regulators, where appropriate
- Drive continuous improvement of the control environment through innovation, data-driven insight and adoption of emerging technologies where appropriate
Benefits
- 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.
- 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.
- 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.
Strong knowledge of risk management frameworks, compliance monitoring techniques and emerging regulatory and industry risk trends, with a demonstrable ability to influence and challenge at Executive, Board and Committee level5+ Years experience working in a Wealth Management environmentA passion for innovation and continuous improvement, including the use of data and technology to strengthen oversight and control effectivenessSignificant senior leadership experience within Compliance, Conduct Risk, Regulatory Oversight or broader Risk functions within retail wealth management or financial advice businessesDeep understanding of FCA regulatory requirements applicable to wealth management, financial advice and retail investment businesses and strong understanding of Consumer Duty, conduct risk, SMCR and broader regulatory accountability frameworksProven experience leading regulatory engagement and building effective relationships with regulators and internal and external partnersWe’ll be looking for these skills and experiences. But we know careers, like life, don’t always go in a straight line. So, if you don’t have some of these but think you’ve got what it takes, 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.
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