Head of Risk & Compliance Oversight – Wealth

Lloyds Banking Group; Street; Hybrid; GBP 117,000 - 151,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounted shopping

30 days holiday

Wellbeing & parental leave

Job summary

Lloyds Banking Group is seeking a Head of Risk Oversight – Lloyds Wealth to provide independent second line oversight across regulatory, conduct and compliance risk within Wealth Management.

Reporting to the Chief Risk Officer, Insurance, you will shape risk culture, challenge senior leaders and work with regulators to ensure governance and risk appetite are upheld as the business grows in wealth, financial planning and retirement services.

Qualifications

• 5+ years experience in a Wealth Management environment.
• 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.

Responsibilities

• 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.

Skills

Regulatory leadership

Compliance oversight

Stakeholder management

Risk management frameworks

Regulatory engagement

Job description

Lloyds Banking Group is seeking a Head of Risk Oversight – Lloyds Wealth to provide independent second line oversight across regulatory, conduct and compliance risk within Wealth Management.

Reporting to the Chief Risk Officer, Insurance, you will shape risk culture, challenge senior leaders and work with regulators to ensure governance and risk appetite are upheld as the business grows in wealth, financial planning and retirement services.