Operational Risk Capital Manager

End Date Monday 24 August 2026 Salary Range £67,023 - £74,470 We support flexible working –

Flexible Working Options Hybrid Working, Job Share

Job Description Summary .

JOB TITLE:

Operational Risk Capital Manager.

SALARY: £67,000 to £81,900pa plus an extensive benefits package.

LOCATION:

Edinburgh, Bristol or Leeds.

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.

Are you ready to shape the future of risk and control in one of the most dynamic areas of Lloyds Banking Group? The IP&I Chief Controls Office (CCO) is not just a function, it’s a strategic engine driving control transformation and excellence across Insurance, Pensions & Investments. At the heart of the IP&I CCO is a mission to reset risk and elevate control standards.

From tackling legacy challenges to leading control environment transformation and control automation, the team is making tangible improvements that unlock our potential to protect customers now, and in their futures.

• You will be responsible for coordinating capital inputs, supporting robust governance and oversight, and ensuring the process is delivered accurately and in line with the Solvency II requirements.
• This role demands strong leadership, cross-functional coordination, analytical capability, and the ability to influence senior stakeholders.
• You’ll be responsible for Managing the operational risk capital process for IP&I, ensuring timelines, governance and deliverables are met.
• Ensuring the capital process is delivered in line with requirements, internal policy and relevant governance standards.
• Coordinating risk, control and loss data inputs in partnership with Risk Owners, Control Owners and Finance to support capital analysis and reporting.
• Providing analysis, challenge and insight on capital drivers, trends and movements to support effective senior management decision-making.
• Preparing and coordinating papers, reporting and governance materials to support review and approval of capital outcomes.
• Acting as a key point of contact for stakeholders across IP&I, Group functions and second line Risk on operational risk capital matters.

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.

• Experience operating with ORSA (Own Risk and Solvency Assessment) or ICAAP (Internal Capital Adequacy Assessment Process) frameworks
• Experience with scenario analysis within risk management framework, at managerial level
• Strong understanding of ERMF and operational risk frameworks
• Excellent stakeholder management and communication skills

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.

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.

Ready to make an impact?

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…