Head Of Risk Oversight - Lloyds Wealth

Lloyds Banking Group; Ledston; 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's Lloyds Wealth seeks a Head of Risk Oversight to lead second line oversight, regulatory compliance, and risk governance across the Wealth business.

Reporting to the Chief Risk Officer, Insurance, you will shape risk culture, oversee SMCR/Consumer Duty, and partner with senior leaders to sustain compliant, customer-centric growth in a highly regulated environment. Hybrid work available with office presence.

Qualifications

• 5+ years in wealth management risk/oversight roles.
• Senior leadership in compliance, conduct risk or risk functions.
• Deep FCA regulatory knowledge for wealth management and consumer duty.
• Proven track record leading regulatory engagement with regulators.
• Strong risk management framework knowledge and monitoring techniques.
• Passion for innovation and continuous improvement using data/tech.

Responsibilities

• Act as delegate for SMF16 Compliance Oversight Function Holder with second-line oversight.
• Provide strategic direction to senior management on Wealth Management.
• Oversee compliance plan, conduct strategy and Consumer Duty alignment.
• Maintain oversight of SMCR controls including training, licensing & fitness checks.
• Interpret new regulatory developments and liaise with regulators as needed.
• Drive control environment improvements via data and emerging tech.

Skills

Risk leadership

Regulatory knowledge

FCA familiarity

Stakeholder management

Data-driven insights

Innovation mindset

Job description

Description

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:

• 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.

• 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.

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, we encourage you to apply.

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

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

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.