Supplier Risk Manager

Lloyds Banking Group; Bristol; Hybrid; GBP 43,000 - 49,000; Full time

Job summary

A leading UK banking institution is seeking a Supplier Risk Manager to oversee risk management within the supplier framework. The role requires a strong understanding of supplier risks and involves developing strategies in line with regulatory requirements. Candidates should have proven communication skills and the ability to provide insightful advice. The hybrid working model offers flexibility, with an attractive salary between £43,803 - £48,670, and a comprehensive benefits package.

Benefits

Generous pension contribution of up to 15%

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

28 days' holiday plus bank holidays

Wellbeing initiatives and generous parental leave policies

Qualifications

• Demonstrates a solid understanding of supplier risk and relevant regulations.
• Shows a good grasp of operational risk management standards.
• Provides credible advice and support to business functions.

Responsibilities

• Support oversight of robust risk management aligned with the ERMF.
• Provide oversight on compliance with regulatory requirements.
• Assist in developing risk opinions on emerging supplier risk themes.

Skills

Understanding of supplier risk

Operational risk best practices

Excellent communication skills

Organisational skills

Team player

Job description

JOB TITLE: Supplier Risk Manager
SALARY: £43,803 - £48,670
LOCATION: Leeds, Halifax, Bristol, Edinburgh and Birmingham
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

An exciting opportunity awaits, and now is the perfect time to come aboard as we embed a new operating model for non-financial risk management across the Group and empower our people to take end‑to‑end accountability for their risks.

We're looking for an Assistant Manager to join our team of Supplier Risk Specialists focussed on the development, implementation and operationalisation of robust Business Unit Supplier Risk Oversight aligned with the Group's Enterprise Risk Management Framework (ERMF).

As an Internal and External Supplier Risk Assistant Manager you have the opportunity to:

• Support the team in oversighting 1LOD robust risk management in alignment with the Group's Enterprise Risk Management Framework (ERMF).
• Provide insight, and oversight on how the Group demonstrates compliance with all material regulatory requirements (e.g. SYSC 8, OCIR and SS2/21 rules).
• Support the strategy and approach for policies, appetite, and controls to enable the delivery of customer, regulatory and business strategic outcomes.

Key accountabilities:

• Support the development and maintenance of effective relationships with strategic internal customers, assisting senior colleagues in acting as trusted advisors for supplier risk matters.
• Provide SME input into the ongoing development of LBG's supplier risk capability, including helping to interpret and implement new regulatory requirements.
• Support the development of risk opinions on key topics or emerging themes, to inform LBG's supplier strategy.
• Help ensure Business Units align to internal policies and regulatory requirements (e.g., SS2/21, EBA, DORA), by supporting compliance monitoring and reporting activities.
• Assist in preparing periodic updates for risk committees, including gathering data on Business Unit performance and supporting the tracking of remediation actions for notable or emerging risks.
• Contribute to the ongoing evolution of supplier risk capability, drawing on your experience with frameworks, policies, tooling to support continuous improvement.
• Assist with the development and implementation of data‑led Operational Risk control objectives, supporting risk and control owners, specialist teams with relevant information and analysis.

Why Lloyds Banking Group

We're on an exciting journey to transform our Group and the way we're shaping finance for good. We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

What you’ll need

• Demonstrates a solid understanding of supplier risk, and familiarity with relevant regulations.
• Understands operational risk best practices and supports the team in applying these approaches, learning from recognised internal and external standards.
• Provides credible advice and support to colleagues and the business, helping to uphold the mandate of senior management functions (SMF).
• Shows a good grasp of relevant regulations, industry standards, and established practices in Operational Risk Management, and applies this knowledge in day‑to‑day activities.
• Demonstrates sound judgement and timely decision‑making, supporting the organisation's progress and helping to balance competing priorities, with an awareness of business strategy and risk opportunities.
• Act as a team player, willing to get involved in tasks, solve problems and support colleagues by contributing positively to strategic goals.

And the following would be really useful

• Excellent communication and organisation skills.
• Inclusive working style that ensures everyone can be themselves in a safe environment.
• Record of delivering results and an understanding the importance of documentary evidence for key decisions.

About working for us

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 were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

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
• 28 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

If you're excited by the thought of becoming part of our team, get in touch. We'd love to hear from you.