End Date
Thursday 23 July 2026Salary Range
£67,023 - £74,470We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working, Job ShareJob Description Summary
.Job Description
JOB TITLE: Operational Risk Capital Manager.
SALARY: £67,000 to £81,900pa plus an extensive benefits package.
LOCATION: Edinburgh, Bristol or Leeds.
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. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.
Are you ready to shape the future of risk and control in one of the most dynamic areas of Lloyds Banking Group?
The IP&I Chief Controls Office (CCO) is not just a function, it’s a strategic engine driving control transformation and excellence across Insurance, Pensions & Investments.
At the heart of the IP&I CCO is a mission to reset risk and elevate control standards. From tackling legacy challenges to leading control environment transformation and control automation, the team is making tangible improvements that unlock our potential to protect customers now, and in their futures.
As a manager with responsibility for our Operational Risk Capital processes, you will play a key role in managing the end-to-end process for IP&I. You will be responsible for coordinating capital inputs, supporting robust governance and oversight, and ensuring the process is delivered accurately and in line with the Solvency II requirements. This role demands strong leadership, cross-functional coordination, analytical capability, and the ability to influence senior stakeholders.
You'll be responsible for
Managing the operational risk capital process for IP&I, ensuring timelines, governance and deliverables are met.
Ensuring the capital process is delivered in line with requirements, internal policy and relevant governance standards.
Coordinating risk, control and loss data inputs in partnership with Risk Owners, Control Owners and Finance to support capital analysis and reporting.
Providing analysis, challenge and insight on capital drivers, trends and movements to support effective senior management decision-making.
Preparing and coordinating papers, reporting and governance materials to support review and approval of capital outcomes.
Acting as a key point of contact for stakeholders across IP&I, Group functions and second line Risk on operational risk capital matters.
Why join us?
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.
What you'll need
Experience in risk management and controls at managerial level.
An understanding of capital risk framework and model approaches, including Solvency II requirements
Strong understanding of ERMF and operational risk frameworks.
Excellent stakeholder management and communication skills.
This is a place for you:
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.
We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.
We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
Ready to make an impact? Apply today.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. 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 keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
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.
Skills Required
- Experience in risk management and controls at managerial level
- Understanding of capital risk framework and model approaches, including Solvency II requirements
- Strong understanding of ERMF and operational risk frameworks
- Excellent stakeholder management and communication skills
What We Do
Our purpose is Helping Britain Prosper. We do this by creating a more sustainable and inclusive future for people and businesses, shaping finance as a force for good. We're part of an ever-changing industry and are currently on a journey to shape the financial services of the future, whilst supporting our customers’ changing needs. The scale and reach of our Group means we can offer a broad range of opportunities to learn, grow and develop. Our values-led culture and approach to inclusion and diversity means we can all make a real difference together.
