Lloyds Banking Group

Head of Pension & Retirement Risk Oversight

Lloyds Banking Group

full-time

Posted on:

Location Type: Hybrid

Location: Edinburgh • United Kingdom

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Salary

💰 £117,000 - £137,000 per year

Job Level

Lead

About the role

  • In your capacity as the Head of Pension & Retirement Risk Oversight, you will have responsibility for the oversight of the overall monitoring and management of risk of this part of our business.
  • Lead and support oversight of the entire Pensions & Retirements product lifecycle, from product development to pricing and distribution, through to financial analysis and customer outcomes.
  • Contribute to papers produced by the business for executive committee or board reporting, and provide 2LOD risk opinions, collaborating closely with colleagues in the broader Risk function.
  • Support business growth and help them deliver and operate their customer propositions safely and within the risk framework and risk appetite.
  • Contribute to broader strategy planning and business decision-making ensuring both quantitative (financial) and qualitative (non-financial) risks are sufficiently considered, assessed and reported to senior management.
  • Provide forward looking risk opinions and thought leadership on material projects, initiatives and product development as required.
  • Work closely with the Chief Risk Officer Insurance, the IP&I Risk leadership team, IP&I Executive, Insurance Board, and other senior colleagues in delivery of this role.
  • Act as the single point of contact for proposition / business leads to provide subject matter and technical support through own and virtual teams knowledge.

Requirements

  • Ability to demonstrate an understanding of the Group and IP&I’s products and services offering, the market in which our business operates, its competitive landscape and With Profits propositions.
  • Knowledge of investment strategy for individual annuities and an appreciation of the challenges faced would be advantageous.
  • Strong knowledge of all aspects of risk management (strategic, insurance, market, liquidity, operational and regulatory/ legal), with experience gained within a large financial services organisation, including management of regulatory and relevant risk management frameworks.
  • Knowledge of industry standards, legislation, practice and regulation relating to risk management applicable to insurance.
  • A focus on finding solutions with strong leadership and courage to test new ways of working.
  • Excellent communicator, both written and verbal, able to build positive relationships at all levels and adapt messaging for a range of different audiences.
  • Excellent leadership, interpersonal, analytical, and problem-solving skills.
  • Strategic leadership and thinking - with the ability to think laterally, look ahead to future possibilities, be innovative and find creative solutions.
  • Recognise and deliver the changing skills required for the Risk function of the future and adequately upskill and build a virtual team of Risk professionals.
  • Promoting AI and innovation to deliver success.
Benefits
  • A generous pension contribution of up to 15%
  • An annual performance-related bonus
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 30 days’ holiday, with bank holidays on top
  • A range of wellbeing initiatives and generous parental leave policies

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
risk managementfinancial analysisinvestment strategyregulatory frameworksrisk appetiteproduct lifecycle managementquantitative risk assessmentqualitative risk assessmentinsurance regulationmarket analysis
Soft skills
leadershipcommunicationinterpersonal skillsanalytical skillsproblem-solvingstrategic thinkinginnovationrelationship buildingadaptabilitycourage