JOB TITLE: Head of Risk Oversight – Lloyds Wealth
SALARY: £116,535 - £150,810
LOCATION(S): Edinburgh, Cardiff, Bristol, Leeds
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About this opportunity
At an exciting time for Lloyds Wealth, with an evolving regulatory landscape and growing focus on delivering outstanding customer outcomes, we're looking for a Head of Risk Oversight, Lloyds Wealth to join our leadership team.
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.
Key Responsibilities
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.
Why join us?
We're transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We're growing, and we'd love you to be part of the journey.
What you'll need
We'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, get in touch.
•5+ years experience working in a Wealth Management environment.
•Significant senior leadership experience within Compliance, Conduct Risk, Regulatory Oversight or broader Risk functions within retail wealth management or financial advice businesses.
•Deep 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 frameworks.
•Proven experience leading regulatory engagement and building effective relationships with regulators and internal and external partners.
•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 level.
•A passion for innovation and continuous improvement, including the use of data and technology to strengthen oversight and control effectiveness.
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, we encourage you to apply.
Benefits
We also offer a wide-ranging benefits package, which includes:
•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
