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Lloyds Banking Group

Lloyds Banking Group

Head of Propositions Strategy

Bristol Hybrid 10+ yrs exp Financial Services 58,238 employees
Proposition StrategyLegacy PensionsFinal Salary PensionsInvestment ProductsProtection Products

Requirements

Requires at least 10 years of proposition or business experience with legacy pensions, investment, and protection products; experience in final salary pensions is preferred. Candidates should understand the regulatory environment and be able to lead independently, make sound customer- and business-focused decisions, work across organisational boundaries, and communicate clear recommendations to senior stakeholders.

Job Description

JOB TITLE: Head of Propositions Strategy.

LOCATIONS: Edinburgh, Bristol.

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 the above office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.


This is a rare opportunity to lead proposition strategy for one of the UK's largest legacy pension, investment and protection businesses. Our Longstanding business is central to Scottish Widows' business, helping millions of customers and thousands of employers save, invest and prepare for their future and their retirement. We are looking for someone who has a passion for simplifying our business and delivering for customers, as well as the drive and leadership skills to make a tangible positive impact.


What You'll Do


As Head of Propositions Strategy, you'll shape strategy, influence senior decision-making and identify, develop and deliver optimisation opportunities and to reduce the complexity in our business. Whether that is through reducing the number of products and funds in our business, using technology solutions to simplify our ways of working or by exiting non-core business lines.


The key outcomes we are looking to deliver, over the next year or so, through this role are:


  • The successful closure of our non-core final salary pension products and one of our overseas branch set-ups
  • Developing product and fund simplification opportunities
  • Developing the proposition to support customer retention and engagement
  • Embedding the new AI product repository capability into the wider business


What We're Looking For


  • At least 10 years of propositional / business experience of working with legacy pensions, investment and protection products with a preferred specialism in Final Salary Pensions business.
  • A sound appreciation of the overall regulatory environment with an ability to get to grips with technical product details, while also keeping in mind the bigger picture.
  • A self-starter, who can set the agenda and drive forward without explicit instructions, guided by the overarching objective of simplifying the business.
  • The ability to successfully operate within resource constraints, technological/ operating model challenges and limits on bandwidths and budgets.
  • The ability to make continual progress in advancing the customer and business agendas, the ability to see things from a customer's perspective, making appropriate priority calls, navigating the organisation using good judgement to get things done. A track record of working collaboratively and leading through example across organisational boundaries.
  • Comfortable articulating briefings and recommendations to senior stakeholders - both in written form and verbally. This includes the ability to simplify complexity, and to structure sound arguments based on data, logic, but also common sense.


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. 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? Apply today.

Skills

Proposition StrategyLegacy PensionsFinal Salary PensionsInvestment ProductsProtection ProductsProduct SimplificationFund SimplificationCustomer RetentionCustomer EngagementRegulatory KnowledgeStrategic PlanningSenior Stakeholder CommunicationData-Driven Decision-MakingCross-Functional LeadershipBusiness OptimisationArtificial Intelligence

About Lloyds Banking Group

Our purpose is Helping Britain Prosper. As the UK's largest financial services provider, we support 28 million customers and more than one million businesses. We're helping to build a more sustainable and inclusive future through everything from home ownership and financial wellbeing to digital skills, community investment and the UK's transition to a lower-carbon economy. We're transforming how financial services works through technology, data and innovation, creating opportunities for colleagues to learn, grow and make an impact on millions of lives across the UK.