Non-Financial Risk Consultant

For nearly 200 years we have provided financial services to customers across the UK, and now the US. As one of Europe’s largest insurance and asset management groups, with over £1 trillion in assets, we are experts in safeguarding people’s financial futures. Our ambitions are underpinned by five strong businesses, each of which is innovating and expanding globally, adding new products and solutions to their strategic goals. We aim to be leaders in four key areas: retirement, investment management, capital investment and insurance. Our businesses work together to deliver on our purpose and to drive synergies across the Group.

Your role at a glance

In this role, you will support the Operational Risk Managers in the monitoring and oversight of non-financial risk across LGRI, providing independent risk advice and guidance to the business and delivering effective 2nd line challenge to ensure that the operational risk frameworks, policies and processes are embedded, enabling relevant areas to operate in accordance with regulatory standards, industry best practice and applicable Group Standards

What you'll be doing

• Providing operational risk advice and guidance to the business on new projects, products, services and other initiatives, developing and influencing changes where required, to ensure they are designed to deliver good customer outcomes and operate within agreed risk appetites.
• Supporting the management of non-financial risk frameworks for providing second line oversight of primarily operational risk matters with the potential to provide support on conduct risk related matters too. In addition, ensuring other NFR areas – data protection, IT, financial crime – are considered and appropriate coordinated across the wider NFR team, to ensure the business manages its risks effectively.
• Preparing risk reports and MI packs for review and sign off as required in LGRI Non-financial Risk and organise distribution of reports and co-ordinate actions taken from governance forums, to ensure there is clear visibility of risks and issues and that actions are tracked to completion
• Providing advice and guidance on PLM activity (Product Proposition and Fund Lifecycle Management) in support of key projects and product developments.
• Providing second line challenge to the business on their approach to managing operational (and where required conduct) risks and undertaking proactive and targeted risk and control assessments and Spotlight Reviews to ensure that they are regularly reviewing and updating their policies and processes to deliver good customer outcomes and operate within agreed risk appetites.
• Analysing proposed regulatory changes and provide advice, guidance and education to the business on the impacts of these proposals, providing input to consultations and implementation activity so that relevant operational and conduct risks are identified and managed effectively.
• Overseeing and supporting the business on timely responses of significant risk events, ensuring objective challenge to remediation and root cause analysis and similar areas of potential failure for proactive management.
• Supporting oversight and guidance to international businesses to ensure that LGRI’s international growth strategy is delivered in a way that is aligned to LGRI divisional standards and manages operational risk to within acceptable tolerance.

What we're looking for

• Good awareness of the wider business and regulatory environment and ability to understand the potential impacts of market and regulatory changes on the Group.
• Good understanding of the principles of risk management, especially in relation to operational, regulatory and customer focused risks.
• Experience of interpreting and applying best practice risk management principles to practical scenarios and helping to devise compliant, commercially acceptable solutions.
• Experience of the management of operational or conduct risks.
• Experience in the preparation of Reports for Management, including Data Analysis and MI reporting, scheduling and coordination with multiple parties.
• Experience of applying and overseeing adherence to risk management frameworks.
• Ability to see the bigger picture and assess issues in the context of the overall risk profile.
• Strong initiative and capability to identify and investigate operational risks.
• Strong ability to generate and manage own workloads through interactions with the business.
• Strong ability to challenge and influence stakeholders.
• Effective networker to build relationships across the business.
• Good communication skills, independent thinker.

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.