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Job Description Summary

Job Description

Insurance and Wealth helps personal and business customers with their long-term protection, retirement, and investment needs. We support around 10 million customers with assets under administration of £155 billion and annuity payments in retirement of over £1 billion every year.

With over five million customers, and having celebrated our 200th anniversary in 2015, Scottish Widows is one of the UK’s most trusted Life, Pensions and Investments providers.

What will you be doing?

This is an exciting opportunity to join the Workplace Propositions team at Scottish Widows during a period of significant market growth. This diverse and challenging role plays an integral part in our ambition to be the number one provider in the workplace market.

As Assistant Propositions Manager you'll support our workplace pensions business, giving you the opportunity to be truly entrepreneurial and create something new. Along with working on developments across our wide workplace business, with over £80bn assets under management, you'll have the chance to help shape the strategic direction of our fast-growing Master Trust.

Within this role individuals understand what makes the difference to customers, clients and advisers to enable good customer outcomes and win/retain schemes. Your mix of knowledge, core skills and subject matter expertise allows you to identify needs, manage complex arguments and develop these into action via new projects, decision making papers, governance papers, or messages to market.

Our team works out of our Edinburgh and Gloucester hubs, therefore ideally you'll be based a commutable distance from one of these areas however, location can be flexible for this role due to new ways of working. We work in a hybrid model, splitting our time between the office and working from home but colleagues have flexibility to choose where they work from.

Additional accountabilities will include:

• Uses workplace expertise to provide support for all aspects of the end to end proposition development to ensure it achieves its full value in the market

• Completes analysis and research, quickly identifies the appropriate sector information sources, implements appropriate analytical techniques, and communicates a way forward

• Supports the team with sector and regulatory horizon scanning, proactively identifying where new projects are required to meet new customer need or regulatory/legal requirements

• Is a catalyst to break down the barriers to change, managing propositional improvements from initial idea generation through to implementation

• Supports risk management and compliance with Group procedures to avoid financial or reputational loss to the Group through poor customer outcomes or business conduct

• Supports development of customer journeys to improve the retirement of members and build treatment strategies for vulnerable customers

What we'll need from you:

• Awareness of product governance process and principles and able to lead on areas to develop the appropriate control structure

• Knowledge of the competitive landscape for workplace pensions, the regulatory environment and our key products

• Commercially aware, understands the drivers of value for the workplace business

• An ability to makes sense of the complex and work with uncertainty, can identify appropriate information sources and complete research to identify customer need and translate this into solutions for the workplace pensions market

• Excellent written and verbal skills with experience of writing governance reports or project approval papers, drafting high quality presentations and preparing external communications

• Consistently achieves results, even under tough circumstances, and takes on new opportunities with a sense of urgency, high energy, and enthusiasm

We’ll give you a broad remuneration package which includes:

Please note the basic salary range for this role is £28,332 – £47,801

• A generous pension contribution

• 28 days leave plus bank holidays

• A flex cash pot you can adjust to suit your lifestyle

• Private Health Cover

• Access to share schemes

In return for your expertise, we'll help you perform at your best today, so you can fulfil all your potential in the future. Here, you'll grow as a person and develop your career. As a valued member of our team, we'll support to grow and advance you through excellent training and progression opportunities.

We're an equal opportunity employer and deeply value diversity within our organisation. We'll 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.

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.