Associate Director of Product Risk & Risk Management (FTC/ Secondment)

End Date

Friday 11 September 2026

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: Associate Director of Product Risk & Risk Management (FTC/ Secondment)
SALARY: Competitive package available
LOCATIONS: London
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. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy. 

This role is available for a fixed term of 12 months.

What you’ll be doing
At Lloyds Banking Group we're driven by a clear purpose: to Help Britain Prosper. Across the Group, our colleagues are passionate about making a difference for our customers, businesses and communities.

An exciting opportunity has arisen within the Executive Office of Client Solutions Group (CSG), part of Corporate & Institutional Banking (CIB). CSG is responsible for delivering a broad range of products and solutions to our clients.

We're seeking an experienced Product Governance and Risk manager to join our newly formed team, to strengthen governance, risk management and controls across CSG and enable the delivery of CIB's growth strategy.

This role is responsible for supporting the delivery of the product governance and risk management agenda, ensuring robust governance frameworks, effective risk oversight and a strong control environment. The successful candidate will provide independent challenge and oversight of product development, drive consistency in the application of governance standards, and oversee the management and remediation of key risk and control issues. They will work closely with senior stakeholders across the business to identify emerging risks, strengthen controls, and ensure compliance with regulatory and Group requirements.

Extensive stakeholder relationship-building, strong risk management expertise and the ability to influence at senior levels are essential skills to delivering effective governance and sustainable risk outcomes across CSG and the wider organisation. This role will be a catalyst for driving accountability and continuous improvement within governance and risk management practices. 

Key Responsibilities: 

• Manage CSG’s critical governance meetings, including risk committees and product governance forums, ensuring robust first line risk management.

• Support senior executives with governance preparation, management information, briefing materials and reporting. 

• Design, develop and maintain governance frameworks, standards and supporting documentation, ensuring consistent application across CSG. 

• Oversee CSG’s product governance practices, ensuring effective management of product-related risks, decisions and change activity. 

• Provide first line risk partnership, challenge and oversight to CSG teams to ensure that risks are appropriately identified, assessed and mitigated. 

• Conduct deep-dive reviews and risk assessments to pro-actively manage risks, captured through our end-to-end operational risk management system. 

• Coordinate and oversee risk remediation programmes to address control weaknesses and regulatory requirements. 

• Lead the resolution of complex cross-business risk and control issues arising from audits, regulatory reviews and second and third-line assurance activity. 

• Provide expert guidance on governance matters including Powers of Attorney, Material Risk Taker requirements and Delegated Authority frameworks. 

What we’re looking for

• Product Governance - Sound comprehension of product management risks, regulations and frameworks across the end-to-end product lifecycle.  

• Risk Management - Extensive experience of Risk Management Frameworks and non-financial risk management disciplines. Able to provide oversight and challenge across risk identification, control effectiveness, issue remediation and risk reporting, supporting a robust and well-governed control environment. 

• Commercial Awareness – Strong knowledge of how a large commercial bank operates, the range of products it sells, the nature of the clients it serves, and the financial and non-financial risks it generates through the course of business.  

• Data, Technology and AI – Comfortable with using data, analytics and AI to generate insight, identify emerging risks, improve decision-making, automate processes and enhance customer and business outcomes. 

Key Skills 

• Problem solving – Ability to identify emerging issues, identify root causes, assess risks and impacts, design practical solutions and drive sustainable remediation. 

• Stakeholder management and influencing – Natural relationship builder who can lead cross-departmental projects, facilitate discussions, drive colleague engagement and challenge senior leaders. 

• Professionalism- A highly organised and trustworthy individual, capable of managing confidential matters and resolving complex issues with confidence. Comfortable multitasking across a broad range of activities, adapting quickly to changing priorities while maintaining attention to detail. 

• Natural curiosity – Demonstrated eagerness to learn, explore problems, challenge ways of working, and think strategically to make connections to the bigger picture.  

• Communication – Able to confidently and diplomatically communicate complex subjects in a clear and simple manner for senior leaders, committees, auditors and colleagues. Strong written and oral skills across various mediums.  

• Analytical thinking – Adept at analysing disparate and sometimes limited data, interpreting complex information to identify key themes and emerging risks. Applies risk-based judgement to form balanced recommendations to leadership.   

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. ​

This is a 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 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. 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

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.