Recovery and Resolution Lead
Lloyds Banking Group
Location: Greater London
Job Type: Full time
End DateTuesday 05 July 2022
Salary Range£93,160 - £116,450
Agile Working OptionsOther Agile Working Arrangements / Open to Discussion
Job Description SummaryWe have an exciting opportunity to lead the Group Recovery and Resolution Planning team in GCT. Our recovery and resolution capabilities form the basis of the Group’s strong framework and approach for dealing with extreme stress scenarios. This is a dynamic and high profile role leading the enhancement and continuous development of our capabilities, building on an established framework and operating model.
This role offers the opportunity to be part of a team of 25, reporting to the Non-Bank Entity Treasurer and Head of Capital and Recovery and Resolution, a member of the Group Treasury leadership team. We work across the end to end capital framework. This includes setting capital risk appetite, undertaking capital issuance, and our response across the stress crisis continuum in our recovery and resolution plans.
You will lead the on-going self-assessment and testing of Group-wide recovery and resolution capabilities, and the effective embedding of resolvability capabilities in BAU. An area of substantial industry and regulatory focus since the financial crisis. Recognising the significant role we have in providing critical functions and maintaining UK financial stability.
This role will lead the interaction with business units and regulators to deliver the Group’s annual Recovery Plan, refreshing recovery actions and scenario analysis. This role will also work cross divisionally to deliver the enhancement to the Group’s Resolvability Assessment Framework (RAF), including the operational, structural and valuation considerations. Presenting findings to senior management and the regulators.
In particular, improving the testing, undertaken with Board and Senior Management, integrating capabilities across resolution, recovery, and Incident Management; as well as engaging Group core functions to successfully embed resolution into BAU.
Following the Bank of England compliance landmark for all major UK Banks to be resolvable as at 1 January 2022, the Group is now focused on the development, implementation and maintenance of resolution capabilities. The Resolvability Assessment Framework introduces a fundamental change to the way the Group approaches its preparations for the range of unpredictable and challenging issues a resolution involves.
You’ll be given the opportunity to build and develop positive relationships with teams across GCT, Central Finance, Divisional Finance Teams, Risk, Legal, Markets & Lending Delivery, Payments, Group Incident Management, and Group Sourcing. Explaining and presenting key messages to our partners, including senior management.
The successful candidate will develop a deep and broad understanding of how the Bank works. Leading on the thinking and planning as to the potential management response to significant stress from both a financial and operational perspective. Influencing numerous internal and external partners to deliver our recovery and resolution priorities.
What can you bring to the role?
- An understanding of Recovery & Resolution and other areas of Treasury is desirable
- Attention to detail and ability to operate a controlled environment
- Experience and confidence in formulating proposals and recommendations, and presenting to senior management.
- Attention to detail and ability to draft key documentation for presentation to Resolution Steering Committee and Board (e.g. Board Updates, Playbooks, Testing Framework & Results Documentation).
- Strong stakeholder management skills, proactively building and managing relationships both internally and externally.
- Engage with regulators to support their understanding of the Group’s plans and respond to submission and information requests.
- Ability to anticipate and lead multiple deliverables within sometimes tight deadlines.
- Enthusiasm for developing others and a technical understanding to support managers in the team
- Curiosity and problem solving skills with the ability to convey seemingly complex concepts simply and succinctly.
What you'll get in return
It is a very exciting time to join LBG. Together we'll continue our market leading, ground breaking transformation and you'll help us realise the Group’s vision to become the Best Bank for Customers. Here, you'll grow as a person and develop your career.
In addition to the salary quoted, the position also offers:
- Discretionary Performance Share Award
- Generous pension contribution
- A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
- Private health cover
- Share schemes
- 30 days holiday plus bank holidays
You’ll learn new skills and be given opportunities to grow and develop to help you achieve a rewarding and fulfilling career. We’re a very supportive team who care about your wellbeing. Our Hybrid ways of working means that you can find a work-life balance that suits you, with a mix of home and office working (the expectation that you work a minimum of two days a week in the Office).
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.
Please get in touch if you need us to make any reasonable adjustments for you.
So if you have the skills we’re looking for, we’d love to hear from you!
Together we make it possible!
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.