Head of Pension & Retirement Risk Oversight

End Date

Sunday 25 January 2026

Salary Range

£114,810 - £135,070

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

Flexible Working Options

Flexibility in when hours are worked, Hybrid Working, Job Share

Job Description Summary

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Job Description

JOB TITLE: Head of Pension & Retirement Risk Oversight

SALARY: £117,000 - £137,000

LOCATION(S): Edinburgh, Bristol, Cardiff, Leeds, Newport

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

At an exciting time of growth within the Insurance, Pensions & Investments (IP&I) business in LBG coupled with a fast-evolving risk environment, we have a newly created role of Head of Pension & Retirement Risk Oversight.

This role will provide a key partnership for the Managing Director of Pensions & Retirement, reporting directly into the Chief Risk Officer for Insurance. The Head of Pension & Retirement Risk Oversight is responsible for providing comprehensive 2nd line of defence support, discharged through a virtual teams model to the Pension & Retirement business within IP&I.

The role holder applies a strong understanding of the management of all risk types within the Pensions & Retirements business and will be responsible for relevant second line of defence oversight, support and guidance of this part of our business.

The Insurance, Pensions and Investment Business helps personal and business customers with their long-term protection, retirement and investment needs. We support over 10 million customers with assets under administration of more than £200 billion and hold a top three market share position across our chosen strategy areas of Home, Workplace and Individual Annuities businesses. We operate through several brands which include Scottish Widows (life, pensions and investments), Halifax, Bank of Scotland and Lloyds Bank (Home, Pet and Motor insurance) and Cavendish Online.

In your capacity as the Head of Pension & Retirement Risk Oversight, you will have responsibility for the oversight of the overall monitoring and management of risk of this part of our business.

• Lead and support oversight of the entire Pensions & Retirements product lifecycle, from product development to pricing and distribution, through to financial analysis and customer outcomes.

• Contribute to papers produced by the business for executive committee or board reporting, and provide 2
  
  LOD risk opinions, collaborating closely with colleagues in the broader Risk function.

• Support business growth and help them deliver and operate their customer propositions safely and within the risk framework and risk appetite.

• Contribute to broader strategy planning and business decision-making ensuring both quantitative (financial) and qualitative (non-financial) risks are sufficiently considered, assessed and reported to senior management.

• Provide forward looking risk opinions and thought leadership on material projects, initiatives and product development as required.

• Work closely with the Chief Risk Officer Insurance, the IP&I Risk leadership team, IP&I Executive, Insurance Board, and other senior colleagues in delivery of this role.

• Act as the single point of contact for proposition / business leads to provide subject matter and technical support through own and virtual teams knowledge.

Like the modern Britain we serve, we’re evolving. Investing billions in our people, data and tech to transform the way we meet the ever-changing needs of our 26 million customers. We’re growing with purpose. Join us on our journey and you will too

We’ll be looking for these skills and experiences. But we know careers, like life, don’t always go in a straight line. So, if you don’t have some of these but think you’ve got what it takes, get in touch.

• Create and motivate high performing virtual teams with a clear purpose that apply a diverse set of skills and perspectives to achieve common objectives.

• Ability to demonstrate an understanding of the Group and IP&I’s products and services offering, the market in which our…