Head of Motor Finance Compliance, CCOR

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Salary Range

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Job Description Summary

Job Description

JOB TITLE: Head of Motor Finance Compliance, CCOR

SALARY: £116,535 - £150,700

LOCATION(S): Cardiff, Newport, Birmingham, Edinburgh, Bristol, Leeds, Halifax

HOURS: Full time

WORKING PATTERN: Our work style is hybrid, which involves spending two days per week, or 40% of our time at one of our Risk Hubs.

ABOUT THIS OPPORTUNITY

We’re on an exciting journey and there couldn’t be a better time to join us. We’ve put in place a fresh operating model for non-financial risk management across the Group, empowering our people to take end-to-end accountability for managing the risks that they face.

We’re looking for a head of function to lead a team of talented motor finance compliance specialists that supports the Group in adhering to all core regulatory requirements in relation to CONC, PROD and the Consumer Duty. You will have substantial retail banking experience, and preferably, motor finance experience with understanding of the key factors that drive value for customers and deep compliance subject matter expertise. We're also looking for someone innovative and transformational who loves proactively working with business executives to develop new opportunities to better meet customers’ needs.

You’ll lead and develop a centre of excellence to support robust risk management in alignment with the Group’s Enterprise Risk Management Framework and good outcomes for customers.

What you’ll be doing:

• Act as the Group’s risk lead on motor finance compliance, building strong relationships with leadership and supporting engagement with regulators.

• Interpret new and existing regulations accurately and adeptly, forethinking the direction of travel and anticipating the impact of the proposed changes on the Group.

• Support risk-based decision making in line with risk appetite.

• Ensure Conduct & Compliance Risks are measured, monitored, controlled, and reported on a timely basis and provide independent challenge to risk decisions.

• Lead the development and implementation of a risk and control oversight plan to assess compliance to relevant laws and regulations.

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 we’re looking for:

• 10+ years’ experience in financial services, including in retail banking, with the majority spent in risk and control functions (Legal, Compliance, Risk, Control)

• Leadership experience in compliance or a similar function at ‘head of’ level. 

• Demonstrable ability to provide oversight, including testing, as well as advice.

• Expert knowledge of Consumer Credit (CONC) and the Consumer Duty, able to provide credible advice and opinions on compliance with regulatory obligations and strategic issues that impact Group strategy.

• Able to communicate the complex simply.  Able to provide risk-based, commercial and actionable advice to inform risk appetite decisions by senior business leaders, skilfully balancing difficult trade-offs.

• Strong relationship management skills and experience engaging directly with senior business leaders and previous experience managing teams. 

• Demonstrates bravery and conviction when providing independent challenge to risk decisions.  Able to manage conflict and different opinions to develop organisational alignment.

• Future focused by being able to conceptualise and articulate a customer centric desired end state.

• Inspires others by gaining followership and commitment to future action through personal integrity and collaboration.

• Coaches to go faster by demonstrating commitment to create an environment that builds teams and creates new and better ways for the organisation to deliver at pace.

And any of these would be great:

• Experience of the motor transport sector.

• Experience in a large retail bank.

• Knowledge of recent FCA publications related to Motor Finance.

This is the 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 also offer a wide-ranging benefits package, which includes:

• 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

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.