We are recruiting for a Conduct Risk Consultant to support the Head of Conduct Risk and Conduct Risk Managers in the monitoring and oversight of conduct risk across the LGR business.  To provide independent conduct risk advice and guidance to the Business and deliver effective 2nd line challenge to their approach to managing their risks, to ensure that the conduct risk framework, policies and processes are embedded within the Legal & General Retirement divisions. To support the production and analysis of Conduct Risk reporting and MI across LGR.

The purpose of the role is to support the Head of Conduct Risk and Conduct Risk Managers in the monitoring and oversight of conduct risk across the LGR business.  To provide independent conduct risk advice and guidance to the Business and deliver effective 2nd line challenge to their approach to managing their risks, to ensure that the conduct risk framework, policies and processes are embedded within the Legal & General Retirement divisions. To support the production and analysis of Conduct Risk reporting and MI across LGR.

1. Provide conduct 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 fair customer outcomes and operate within agreed conduct risk appetite.

2. Prepare risk reports and MI packs for review and sign off for key governance in LGR Conduct Risk. Organise distribution of reports and co-ordinate actions taken from governance forums.

3. Monitor the Risk area’s input to the PLM (Product Proposition and Fund Lifecycle Management) to ensure provision of risk advice and guidance in support of key projects and product developments.

4. Provide 2nd line challenge to the Business on their approach to managing conduct risks to ensure that they are regularly reviewing and updating their policies and processes to deliver fair customer outcomes and operate within agreed conduct risk appetite.

5. Analyse 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 conduct risks are identified and managed effectively.

6. Undertake scheduled or ad-hoc data analysis/reviews in support of root cause analysis, trends, QA purposes, etc.

7. Own and maintain up-to-date knowledge of conduct risk developments, and participate in knowledge sharing across the Conduct team, so that the Business receives a professional and credible service on the conduct risk framework.

8. Develop and maintain good working relationships with other Group second line functions, including the Group Conduct Risk team, Chief Risk Officers’ teams, Prudential Risk teams and Group Risk team to enable effective communications on matters of mutual interest and effective reporting on business risks and issues.

9. Support the Head of Conduct Risk and Conduct Risk Managers as directed and escalate significant issues as appropriate.

The key skills required are set out below and the role holder will ideally have good experience supporting a retirement business.

• Strong regulatory knowledge and experience of FCA rules and practical application.
• Experience of interpreting and applying regulatory rules to practical scenarios and helping to devise compliant, commercially acceptable solutions.
• Preparation of Reports for Management
  • Data Analysis and MI reporting
  • Scheduling and coordination with multiple parties
• 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 regulatory and customer focused risks.
• Strong initiative and capability to identify and investigate conduct risks.
• Strong ability to generate and manage own workloads through interactions with the business.
• Strong ability to challenge and influence stakeholders.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 25 days' holiday (plus one day after two years), private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in London, but you could work in other Legal & General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.

For further information about the role, please contact Lynn Morriss, UK Resourcing Lead, at lynn.morriss@landg.com