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Job Description Summary

Job Description

Lloyds Banking Group is the UK’s biggest Retail, Digital and Mobile bank with over 30 million customers and a big responsibility to help Britain Recover. The Group is in the middle of a £3bn investment into our People, Platforms and Data – with a Software Engineering led approach. All as part of our strategy to become the best bank for customers.

The Payments Industry and Development team has its overall purpose in achieving the successful development and delivery of the Group’s Payment Strategy. It has roles to play both internally and externally to build outstanding customer payment propositions. Externally, the business unit is accountable for leading the Bank’s engagement with the UK and cross-border payments schemes and payments regulators for the benefit of customers.

The iteration and renewal of the strategy will require considerable teamwork across the Group to both progress as well as to identify new strategic opportunities and partnerships. You will collaborate to explore a variety of opportunities and developing business cases including exploring commercial partnerships. The role will also manage the crafting of internal and external communications briefs, and sourcing and articulating market insights for partners and clients.

Internally, the business area is responsible for:

• Ensuring that legal, regulatory and mandatory change is identified and landed well within the organisation. Ensuring compliance to new requirements both as a foundation for future customer propositions as well as modernisation and moving the Groups capability forward
• The design and delivery of the Groups future scalable payments platforms for our partners in Retail and Commercial
• Providing strategic and architectural insight to inform and shape solution design and decision making alongside governance management. Ensuring designs deliver customer centric outcomes aligned to payment’s policy, strategy and risk appetite.
• Management of intraday payments liquidity and settlement risk, to facilitate the Group’s participation across payments systems, schemes and its global network of bank relationships.
• Working closely with customer facing teams across the Group, particularly with our partners in Financial Services, Corporate & Institutional Coverage to on-board new business and support our payment proposition for clients.

What would you be doing?

• Manage the Payments commitment to the Group Payments Strategy.
• Develop and drive the partnership and payments strategy for LBG’s existing or upcoming payments propositions, working in close collaboration with Retail, Commercial Banking and CIO colleagues to align with business objectives
• Identify and effectively analyse new opportunities for LBG, making recommendations to relevant decision makers and cross-functional partners
• Manage negotiations with partners, alongside business owners, to build new commercial models to enable new product and proposition launches or support new business strategies
• Provide technical, consultative and intellectual payments expertise and leadership both within Lloyds Banking Group and the wider payments industry
• Develop top quality materials to communicate the findings and recommendations of the work in a concise, coherent and compelling narrative

About you

You'll have proven years' experience in payments product and/or strategy development including statistical analysis, modelling and business case development with experience in developing new propositional opportunities through commercial partnerships – either supplier or acquisition.

You also have an understanding of the IT and payments landscape, upcoming change and experience of working within, or collaboratively with, corporate development teams on transactions. Additionally you'll possess product instincts and a track record of success working effectively and independently across functions to deliver against deadlines.

We are dedicated to giving you opportunities and support to develop you both professionally and personally to optimise your potential. As a new colleague of Lloyds Banking Group, you’ll join our inclusive, values-led culture passionate about making a difference. We're big believers of diversity and inclusion where everyone is welcome!

We’ll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.

In addition to a competitive salary (London: £70,000 – £88,000 / Rest of UK: £59,000 – £74,000) we’ll also provide:

• 4% flex cash pot to spend on benefits (or take as cash)
• A generous employer pension contribution up to 15%
• Discretionary annual group performance bonus
• Private medical health cover, Share schemes and access to Staff discounts

Together we make it possible! To find out more, click here www.lloydsbankinggroup.com/careers

*** This role ideally be based out of either London, Edinburgh, Birmingham or Glasgow. These locations are our main payment hubs, but applicants are welcome from across the UK; predominately we're looking for people with the skillsets above. ***

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.

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.