Head Of Risk Oversight - Lloyds Wealth

Lloyds Banking Group; West of England; Hybrid; GBP 117,000 - 151,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes (free shares)

Discounted shopping

30 days’ holiday

Job summary

Lloyds Banking Group is seeking a Head of Risk Oversight for Lloyds Wealth. This senior role provides independent second line oversight of regulatory, conduct and compliance risk, ensuring adherence to risk appetite and governance expectations.

You will guide senior leaders and shape risk culture across a major wealth and retirement services business. Reporting to the Chief Risk Officer, Insurance, you will lead high‑impact teams, drive risk interventions and champion data‑driven improvements

Qualifications

• Senior leadership experience in Compliance, Conduct Risk or risk oversight within wealth management.
• Strong understanding of FCA rules, Consumer Duty and SMCR frameworks.
• Ability to influence at Executive/Board level and engage regulators effectively.
• Experience building risk and control frameworks in regulated wealth businesses.

Responsibilities

• Oversee second line monitoring of compliance and conduct risk across Lloyds Wealth.
• Provide expert guidance to senior management and boards on risk strategy.
• Lead the firm’s compliance plan and support Consumer Duty delivery.
• Maintain SMCR controls including training, licensing and fitness to practise.
• Engage with regulators and drive continuous improvement of controls.

Skills

Wealth Management

Regulatory Oversight

Compliance Leadership

Regulatory Requirements (FCA)

SMCR Knowledge

Consumer Duty

Job description

End Date

Friday 06 November 2026

Salary Range

£0 - £0

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

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Job 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:

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.

We know thatgreat talentcomes 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

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 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.

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.