Senior Manager, Controls Architect (Insurance)

This review provides an overview of the Senior Manager, Controls Architect (Insurance) position at Lloyds Banking Group, designed to assist potential candidates in evaluating this exciting career opportunity. We will highlight the advantages and key considerations to help you navigate your professional growth within this role.

Position Overview:

The role of Senior Manager, Controls Architect within the Insurance, Pensions & Investments (IP&I) Chief Controls Office (CCO) is a strategic leadership position focused on transforming and enhancing risk and control frameworks. This is a pivotal opportunity for experienced professionals to drive tangible improvements, influence senior stakeholders, and contribute to the ongoing evolution of control excellence within a dynamic and regulated environment.

Key Advantages for Candidates:

• Strategic Impact: You will be at the forefront of control transformation, playing a crucial role in resetting risk management practices, tackling legacy challenges, and leading the charge towards control automation. Your contributions will have a direct and significant impact on the organization's ability to protect customers.
• Career Growth and Development: Lloyds Banking Group is committed to employee development. This role offers substantial opportunities to expand your expertise in risk management, control design, process automation, and leadership within the complex insurance sector. The scale and reach of the Group provide numerous avenues for learning and advancement.
• Flexible Working: The organization actively supports flexible working arrangements, including hybrid working and flexibility in when hours are worked. This allows for a better work-life balance, catering to diverse personal needs and preferences.
• Innovative Environment: Lloyds Banking Group positions itself as an innovative, fast-changing business committed to shaping finance as a force for good. This suggests an environment where new ideas are welcomed, and employees are empowered to explore possibilities.
• Commitment to Diversity and Inclusion: The Group has a strong focus on diversity, equity, and inclusion, creating an environment where everyone can thrive. They are a Disability Confident Leader and offer reasonable workplace adjustments, demonstrating a genuine commitment to supporting all employees.
• Comprehensive Benefits Package: Candidates can expect a generous benefits package, including a significant pension contribution (up to 15%), an annual performance-related bonus, share schemes, adaptable lifestyle benefits, 30 days of holiday plus bank holidays, and robust wellbeing and parental leave policies.

Key Considerations for Candidates:

• Required Experience: A strong background within the Insurance space in regulated environments is essential. Candidates must possess significant experience in risk management and controls at a senior level.
• Framework Knowledge: A solid understanding of the Enterprise Risk Management Framework (ERMF) and operational risk frameworks is critical for success in this role.
• Leadership and Collaboration: The role demands excellent partner management and communication skills, as you will be coordinating risk and control assessments, leading root cause analysis, and acting as a senior point of contact for various stakeholders. Strong leadership and the ability to influence senior leaders are paramount.
• Automation and Process Improvement Focus: Experience in process automation and control design is highly valued, as driving improvements through simplification and automation is a core objective of the role.
• Product Understanding: A strong product understanding within the insurance sector is also noted as a requirement, indicating the need for domain-specific knowledge.
• Location and Working Pattern: While flexible working is supported, the role requires two days per week (or 40% of your time) working from one of their offices in Leeds, Bristol, or Edinburgh. Candidates should consider their willingness and ability to commute to one of these locations.

In Conclusion:

The Senior Manager, Controls Architect role presents a compelling opportunity for seasoned risk and control professionals to make a significant impact within a leading financial institution. If you are passionate about driving control transformation, possess a strong understanding of the insurance sector, and thrive in a collaborative and innovative environment, this position offers a rewarding career path with excellent development and support.