Head of Retail Financial Risk Insight and Analytics

End Date

Monday 02 September 2024

Salary Range

£0 - £0

We support flexible working - click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary


Job Description

JOB TITLE: Head of Financial Risk - IFRS9 and RWA

SALARY: £130,671 - £169,103

LOCATION(S): Leeds, Edinburgh, Cardiff, Halifax

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

Are you interested in a high profile strategic role offering the opportunity to

Be the go-to expert who regularly explains ECL and RWA to very senior stakeholders across Risk Be strategic and reshape the future - develop the strategy for Financial Risk re-imagining ways of working across data, tech and people, inspiring a large team.

About this opportunity

This role is all about taking ownership and driving insight of Group ECL and RWA for Risk across actuals, forecasting and stress testing; it needs a deep technical understanding leading to exceptional communication of material drivers to different audiences. You will shape the strategic direction of the function, working closely with a wide range of stakeholders; leading and inspiring a large team.

**Responsibilities**:

- Ownership and insight - You will have end to end ownership of Group ECL and RWA for Risk including 2nd line assessment of provision adequacy and oversight of RWA, forecasting and stress testing; You will regularly engage explain and communicate results and drivers upwards and outwards to the RSO, CRO, CFO and other members of senior Financial Risk Committees, and the PRA as required.
- Retail ECL and RWA actuals and forecasting - You will lead a team to shape and provide insight/explanation and communication of results, forecasts and risks to the financial position, for core Retail portfolios across models and judgements, using emulators and advanced analytics to drive insight. You will fully embed an appropriate control framework to meet 1RCSA and SoX.
- Retail ECL and RWA stress testing - You will lead a team to deliver all stress testing results (for PRA, ICAAP and all other stress testing requirements), using judgements to mitigate risks from limitations in the model design, new emerging risks or impacts not captured in the calculation process, and explain those results to senior stakeholders and the PRA.
- Strategic direction - You will shape the end to end strategic roadmap across calculation in FinRIQ, identifying opportunities to redesign end to end processes across technology, models, people, data and embedding control by design.
- Influencing - You will develop and maintain effective working relationships with a wide range of stakeholders in order to make fast and effective decisions across stakeholders and to always operate at pace and with a sense of urgency.
- Lead and inspire a team - You will paint a compelling picture of the vision and strategy for managing Financial Risk in FinRIQ, and build the skills of the future across the team to change at pace, through exemplary leadership skills, open and honest communication, role modelling a growth mindset, coaching the team and providing feedback at every opportunity.

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:

- You will show outstanding communication skills to articulate your thinking, making the complex simple, understanding stakeholder perspectives and pre-empting challenges.
- Displaying strong leadership, you'll ensure your team are motivated, engaged, developed and appraised to achieve the high performance needed in LBG today.
- Has a passion for and understanding of new technology, and a desire to grab the opportunities for new ways of thinking and working across the team, that technology can unlock.

And any experience of these would be really useful:

- Presenting complex material to senior stakeholders
- Using analytical skills to make data driven decisions and explain those decisions to non
- technical stakeholders.
- Significantly changing ways of working - both what work is done, and how it is delivered.
- Being able to work with and influence a wide range and style of stakeholders.

About working for us

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

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our