Investment Conduct & Compliance Risk Manager

End Date

Salary Range

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Job Description Summary

Job Description

JOB TITLE: Investment Conduct & Compliance Risk Manager

SALARY: £67,023 - £78,193

LOCATION(S): London, Bristol & Edinburgh

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

About this opportunity

The Conduct & Compliance Risk team is looking for an experienced Investment Conduct & Compliance Risk Manager to provide second line oversight, challenge, advice and monitoring across Wealth & Insurance.

This is an exciting opportunity for a risk professional who is passionate about second line risk, enjoys understanding how complex businesses operate, and is motivated by delivering good customer outcomes through effective oversight and challenge.

The role focuses on regulatory and conduct risk oversight across investment propositions, fund governance arrangements and distribution activities. You’ll work closely with senior stakeholders across the business to assess regulatory compliance, identify emerging risks and provide constructive challenge that supports better customer outcomes.

What you’ll be doing:

• Provide second line oversight, advice and constructive challenge on regulatory, conduct and customer risks across investment products and services.
• Build strong relationships with senior stakeholders and business Risk and Control Owner teams, including the Authorised Corporate Director, Investment Office, Scottish Widows Investment Platforms and Direct to Customer.
• Deliver risk-based reviews of regulatory compliance, controls and governance, including UK authorised fund arrangements.
• Analyse data, risk events, breaches and remediation activity to identify emerging themes, assess the impact on customers and support improvements to the control environment.
• Produce clear, evidence-based reporting that highlights key risks and actions for senior management and governance forums.
• Contribute to wider Conduct & Compliance Risk initiatives and strategic regulatory change across Wealth & Insurance.

What you’ll need:

• Practical experience working in a second line risk, compliance or conduct risk role, providing independent oversight, advice and constructive challenge within financial services.
• Practical working knowledge of UK investment and authorised fund regulation, gained through applying Financial Conduct Authority requirements to ICVCs covering UCITS and NURS funds.
• Experience applying fund governance frameworks in practice, including assessing the responsibilities and activities of Authorised Corporate Directors and investment managers.
• Practical experience of retail investment products and fund structures, such as collective investment schemes, ISAs, General Investment Accounts or multi-asset solutions.
• Experience delivering risk-based oversight reviews and assessing compliance with regulatory requirements, policies and control frameworks.
• Strong analytical skills, with the ability to interpret complex information, identify emerging risks and reach clear, evidence-based conclusions.
• Strong communication and influencing skills, with experience presenting clear, high-quality reporting to senior stakeholders and governance forums.

Desirable experience:

• Consultancy or advisory experience in financial services.
• Experience delivering regulatory change projects within retail investments and translating requirements into practical business actions.
• A relevant investment, risk or compliance qualification.

This is a place for you

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 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.