Agile Working Options

Job Description Summary

Job Description

So, what will you be doing?

• Be responsible for leading a small team to;
• Define & lead the execution of the Risk Oversight Plan for Financial Reporting, identifying, and coordinating oversight activities based on the current and future risk profile of the business.
• Provide Financial Reporting risk management expertise and data to inform analysis of the overall strategy and risk profile within Insurance & Wealth business areas.
• Act as the single point of contact for matters relating to Financial Reporting, and by providing subject matter expertise you’ll ensure effective risk team engagement with all partners and you’ll provide independent risk views, value-adding insight and sound business understanding of risks relating to Financial Reporting.
• Apply your extensive understanding of Financial Reporting including insurance regulatory regimes and risk requirements and best practice, business planning, insurance products and methodology and assumptions and a good understanding of all other significant risk areas facing the Insurance & Wealth Division
• Provide high quality risk reporting to meet internal and external deliverables including high profile reporting to I&W Committees in line with requirements of each committee
• Contribute to risk opinion and insights including Group and entity level IFRS related reporting linking to the 4-year Operating Plan and Solvency II reporting and other insurance related Financial Reporting activities.
• Input to risk management standards, procedures and processes in line with Insurance Risk Management Framework requirements including risk appetite statements and key risk indicators.
• You’ll contribute to broader strategic planning and business decision-making ensuring both quantitative (financial) and qualitative (non-financial) risks are sufficiently considered, assessed and reported to senior management.
• Provide forward looking risk opinions and thought leadership on material projects including Merger and Acquisition activity, and product development as required
• Work closely with the Chief Risk Officer Insurance, the I&W Risk leadership team, I&W Executive, Insurance Board, and other senior collaborators in delivery of this role.

What skills, capabilities and experience will you need?

• Professional (or equivalent) qualification in related field (e.g. risk management, finance, accounting or actuarial) with in-depth specialist risk capabilities professional knowledge and financial acumen.
• Extensive knowledge of all key risk types as they relate to insurance and banking.
• Strong understanding of insurance regulatory regimes and risk requirements including Solvency II.
• Validated experience in insurance company operations including Solvency II and own risk and solvency assessment (ORSA), accountancy practices and standards (applicable to both insurers and Banks), insurance products and regulated sourcebooks as applicable to Insurance.
• Advanced knowledge and application of risk management best practices across all risk classes within an Insurance and Banking organisation including risk identification, risk assessment, control environment assessment, risk appetite framework, risk measurement and risk planning.
• Excellent verbal, written and interpersonal communication skills to work with people at all levels.
• Proven ability to prepare senior management, Executive and Board level presentations.
• Recognised Strategic Leadership and thinking. You'll have the ability to think laterally, look ahead to future possibilities, be innovative and find creative solutions in a complex and ambiguous environment.
• High level of integrity, tenacity and resilience.

What you’ll receive in return…

You’ll be offered a competitive package which includes...!

• Salary – dependent on location and experience,
• Bonus,
• A generous pension contribution; and
• Flex cash to spend on a host of benefits to suit your lifestyle

As a new colleague, you’ll join us on our journey to build a 21st century bank that reflects modern Britain, and craft an inclusive culture where all colleagues feel welcomed and valued.

We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.

Together we make it possible.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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.