Head of Compliance, LBCM

End Date

Wednesday 19 November 2025

Salary Range

£0 - £0

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

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

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Job Description

JOB TITLE:       Head of Conduct and Compliance (SMF 16), LBCM

SALARY:           Competitive package

LOCATIONS:  London or 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

An exciting opportunity for a motivated individual to lead the Conduct and Compliance Risk team across our Lloyds Bank Corporate Markets (LBCM) business.

LBCM is the Group’s Non-Ringfenced Bank and an independent legal entity. Our business is diverse and cross-jurisdictional - offering a range of global markets products to many different client types, as well as retail products to our customers in the Crown Dependencies. LBCM makes an important contribution to the Group and supports the group’s Helping Britain Prosper agenda by connecting LBG, and the UK, to global markets.

LBCM has branches in the Crown Dependencies (Isle of Man, Jersey and Guernsey), New York and Luxembourg as well as a subsidiary in Frankfurt (LBCMW). The Ring Fenced Bank provides the majority of Markets Conduct and Compliance Risk Specialist services to LBCM therefore you’ll need to develop and maintain strong relationships with this team.   In addition, the Corporate and Institutional Banking (CIB) Chief Controls Office (based in the Ring Fenced Bank) provides key control oversight services to LBCM – and this also requires effective relationships across the Ringfence to ensure the delivery of activities that are critical to LBCM’s strategic ambitions.

The purpose of this role is to provide expert technical leadership and strategic direction, focusing on the compliance and conduct risks that impact on LBCM’s businesses in both the UK and internationally.  You'll require approval by the FCA & PRA, as this is a Senior Manager function (SMF 16) and they will also appoint the Chief Compliance Officer for the Non-US Swap Dealer, in compliance with the rules of the US Commodity Futures Trading Commission (CFTC).  

You’ll possess the necessary expertise to lead executive engagement – particularly with regard to significant regulatory projects and examinations. This will include the formulation and delivery of strategies and processes to identify risks and embed a culture of compliance.  As Head of Conduct and Compliance, you’ll be a key participant at LBCM’s Risk Committee as well as a frequent presenter at LBCM Board Risk Committee.

You’ll be accountable for all Conduct and Compliance oversight relating to LBCM’s conduct and compliance risks, in line with the new mandates for second line teams.  The role will require frequent engagement with Non-Executive Directors and therefore you should have experience of operating at the highest levels of the organisation.

As an MRT role, you’ll be subject to specific regulatory requirements, including remuneration rules and conduct standards.

Key role responsibilities:

• Oversee the effective operation of the overall LBCM Compliance Risk Framework, ensuring that our UK and international business operate within LBCM and Group risk appetite.
• Documentation and evidence of compliance with SMF 16 obligations, as defined in the FCA rulebook (SYSC and SUP).
• Responsible for oversight of the delivery of Conduct and Compliance obligations under the LBCM Shared Service received from the Ring-fenced Bank.
• Represent LBCM’s interests and priorities on all significant regulatory projects, remediation projects and engagements.
• Appoint, motivate, manage, train and develop colleagues ensuring they have the optimal mix of technical and management capabilities to fulfil the business objectives and that they make most efficient and effective use of resources. Deliver effective cost management.
• Drive the LBCM strategic priorities by managing regulatory relationships and matters; promoting a broad approach to foster positive relationships with regulators and industry bodies.                  
• Provide support and guidance to LBCM Executive and LBCM Board members to ensure that the entity presents a co-ordinated regulatory interface including individual assistance in preparation for and attendance at regulatory engagements.
• Work with the Markets Conduct and Compliance Risk Specialists to drive an entity wide Horizon scanning strategy; identifying evolving regulatory expectations and identify and communicate emerging trends and issues across LBCM to ensure the entity remains compliant.
• Represent the organisation in a variety of industry and professional forums to promote the value of the company brand.
• Take responsibility for the preparation of the Annual Non Financial Risk report and the Annual Compliance Report for the Non-US Swap Dealer. 
• See opportunities for, and champions change, to deliver continuous improvement to systems and processes.

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

• A wealth of experience in a UK Based markets compliance role.
• Expert knowledge of UK regulatory sourcebooks, National Futures Association requirements, and other regulation relevant to corporate markets.
• Detailed understanding of the Group’s Risk Management Framework, Risk & Control Self Assessment Framework (as set out in the Operational Risk Handbook), and Conduct and Compliance control environment.
• Breadth of understanding of the key businesses of LBCM and the wider financial services industry, particularly with regards to wholesale market operations, commercial banking and trading; understanding of economic, political and social trends; ability to identify, articulate and manage conduct and compliance risks to strategy; record of delivering results.
• Compliance with the regulatory system: high standards of conduct and behaviour, especially with regards to the interests of customers; record of delivery on compliance issues; record of robust assessment of colleagues' fitness and propriety; understanding of the importance of documentary evidence for key decisions.
• Responsible delegation of responsibility: understanding of corporate governance; willingness to lead from the front; ability to manage large teams across different jurisdictions.
• Openness and cooperation: strong sense of professional ethics and service to the Group and society; willingness to cooperate openly with all stakeholders, including peers, Board members, customers, investors and regulators; ability to communicate succinctly and effectively.
• Senior Stakeholder Management, both internal (including at LBCM Board and LBCM Executive Management level) and external (including with the Group’s regulators, particularly the FCA and PRA).
• Experience of providing constructive challenge to 1st Line and in a Shared Services environment to mitigate risks within LBCM.

About working for us

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.

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

If you’re excited by the thought of becoming part of our team, get in touch.

We’d love to hear from you!

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.