Hybrid Senior Manager, Third Parties Oversight, Group Operational Risk

Posted 2 days ago

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About the role

  • Senior Manager overseeing supplier risk at Lloyds Banking Group, leading risk management and regulatory compliance initiatives. Responsible for building relationships and ensuring adherence to operational risk standards.

Responsibilities

  • Lead, develop and drive pragmatic relationships with strategic internal customers and act as a trusted advisor for supplier risk.
  • Lead and contribute to delivering Material Outsource Notifications coordinating with internal risk specialists and relevant Business Units.
  • Take responsibility to formally grow capabilities within a significant functional area of the business.
  • Act as one of LBG’s Operational Risk specialists representing the organisation, building strong relationships with external partners, regulators, and other governing bodies.
  • Provide input and direction to the ongoing development of the LBG supplier risk capability including new global regulatory approaches and requirements.
  • Ensure Business Units align to relevant internal policies and adhere to current regulatory requirements such as SS2/21, EBA, DORA or similar.
  • Attend and contribute to Group wide governance offering a depth of subject matter expertise and risk opinion.
  • Contribute to and support the enhancement of risk policies and appetite through the identification and assessment of emerging risks.
  • Provide thematic periodic updates to risk committees including the performance of Business Units and their remediation of notable or emerging risks.
  • Support the evolution of the supplier risk capability bringing experience of framework, tooling, or process experience.
  • Build and deliver pragmatic risk opinion on notable topics or emerging themes including Business Process Outsourcing (BPO) to support LBG supplier strategy.
  • Assist with the development and implementation of effective, ongoing data-led Operational Risk control objectives to meet the needs or risk and control owners, control specialist teams, Audit, and external regulators.

Requirements

  • Evidence of strong supplier risk expertise with a track record of delivery in complex environments bringing specific expertise of relevant regulation.
  • Experience of creating and delivering Material Outsource Notifications to a high standard; experience of delivering to regulators would be advantageous.
  • Understand best in class approaches to operational risk globally and recognised internally and externally as a subject matter authority and capable of influencing regulatory policy as it relates to the Financial Services sector.
  • Demonstrate confidence to provide credible advice and oversight to support the business and the mandate of the SMF.
  • Demonstrate solid understanding of relevant laws, regulation, industry standards and established industry leading practices in Operational Risk Management.
  • Evidence of demonstrating good and timely decision making that keeps the organisation moving forward and skilfully balances difficult trade-offs with the ability to understand business strategy and opportunity risks.
  • Excellent communication skills and the ability to influence at senior levels.
  • Inclusive working style that ensures everyone can be themselves in a safe environment.
  • Record of delivering results and an awareness of the importance of documentary evidence for key decisions.
  • A sound understanding or relevant experience of using AI in a supplier risk environment to undertake predictive risk analytics.
  • Able to provide examples of robust oversight and effective challenge, identify emerging risks early, and recommend mitigation actions that are outcome focused, practical and commercially viable.

Benefits

  • 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

Job title

Senior Manager, Third Parties Oversight, Group Operational Risk

Job type

Experience level

Senior

Salary

£83,411 - £107,943 per year

Degree requirement

Bachelor's Degree

Location requirements

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