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Assistant Manager IO Oversight & Control

Lloyds Banking Group
Bristol, United Kingdom
Closing date
29 Feb 2024

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Job Details

End Date
Wednesday 28 February 2024

Salary Range
£48,816 - £54,240

We support agile working - click here for more information on agile working options.

Agile Working Options
Flexibility in when hours are worked, Hybrid Working

Job Description Summary
Delivers influential insight, advice and exercises control through EITHER: leading a team of finance professionals in the development and implementation of the agreed operating model; AND/OR operating as a senior level functional specialist.

Job Description

JOB TITLE: Assistant Manager, IO Oversight and Control

LOCATION(S): Bristol, Edinburgh or Leeds

Salary: £48816 - £54240

HOURS: Full time

WORKING PATTERN: Hybrid, 40% (or two days) in Bristol, Edinburgh or Leeds

About this opportunity

An excellent opportunity has arisen at Assistant Manager level to join the Investment Accounting & Operations (IA&O) team within Insurance, Pensions & Investments Finance (IP&I).

In this role you’ll join the Oversight & Controls team, aligned to the Box Management and Pricing Oversight functions. This team are focused on the accuracy and timeliness of key deliverables by thematic oversight of all daily operational processes and controls performed by our third party outsource service providers, including all NAV fund accounting, trading activity, fund unit pricing and daily management of the Box exposures across the Scottish Widows fund ranges.

The team operates in a highly regulated environment and fall within scope of the PRA/FCA operational resilience requirements.

Day to day you’ll be;
  • Supporting in embedding the Operational Resilience strategy and delivery plan, engaging with stakeholders from across the Group and IA&O to ensure critical milestones are delivered against and accurately reported.
  • Working closely with IA&O colleagues to understand the systems, processes and controls to capture operational risks and support risk mitigation.
  • Interpreting LBG risk and operational resilience policy & engage with partners across the group to ensure continued policy compliance.
  • Leading on monthly and annual Operational Resilience reviews for IA&O processes & maintain the associated governance documentation required.
  • Developing and owning the approach to the testing and enhancement of team controls & support the team to put improvements into action.
  • Leading Incident management activities & Post Incident Reviews to ensure lessons are learned and new controls are developed where required.

About us

If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.

What you’ll need
  • Experience working with Investment Operations, fund administration and the fund pricing life cycle whilst working in a similar Financial Services organisation.
  • Experience of working within a risk and control organisation and is motivated to ensure that the right outcomes are met.
  • Strong collaboration skills, including the ability to adapt communication approach in aid of different audiences.
  • Part-qualified or qualified Accountant - (ACCA, or equivalent). Alternatively, could have the same level of expertise through experience or through other relevant professional qualifications e.g. CISI Investment Operations Certificate / Diploma in Investment Compliance.

And any experience of these would be really useful
  • An understanding of Operational Resilience Regulations and subject matter expertise.
  • Experience in the use of business tools such as MS Power BI

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

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.

And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:
  • A generous pension contribution of up to 15%
  • An annual bonus award, subject to Group performance
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 28 days’ holiday, with bank holidays on top
  • A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey.

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.


We’re creating an organisation that attracts, retains and develops the best talent in the industry, and one that openly embraces diversity too. But more than that – we want to be a great place to work. We invest in our people, offering the best training and coaching, and by encouraging them to contribute to our leading corporate and social responsibility practices. We offer flexible working hours and days, under our Work Options scheme. This means that you can have a challenging and rewarding career, and still have an ideal work/life balance.

Flexible working is at the heart of our strategy. We’re re-imagining where, when, and how our people work, with new approaches designed to meet the ever-changing needs of customers and colleagues. These include increasing our use of remote-working tools and technology, as well as placing less reliance on a 9-to-5 mindset. For many of our office-based colleagues, we work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites.

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