Lloyds Banking Group is the largest UK retail and commercial financial services provider with around 26 million customers and a presence in nearly every community. With the unique purpose of Helping Britain Prosper, the strategic vision is to be a UK customer-focused digital leader and integrated financial services provider, capitalising on new opportunities, at scale. Lloyds Banking Group plc, the Ring-fenced Banks (being Lloyds Bank plc and Bank of Scotland plc), and HBOS plc are seeking to appoint a non-executive director to their respective boards. Candidates will bring an ability to contribute to shaping the corporate strategy of Lloyds Banking Group as a whole. Candidates must be credible individuals with integrity, business acumen and a strong reputation. They will be able to win the confidence and respect of a wide range of stakeholders while being passionate about fostering a climate of success in the Group. The appointment will be subject to notification to the regulators.
Expertise, skills & background
Candidates will bring significant practical experience of:
Plc/listed company (or equivalent) credentials as an executive or non-executive director on the board of a FTSE 100/250 (or equivalent) in a comparably complex institution, preferably financial services, given the complexity of the regulatory and stakeholder environment within which the Group operates.
Senior leadership experience within a comparably complex institution of scale, bringing in-depth business leadership and operational management experience, as well as significant commercial, business and risk acumen, strategic insights, operational experience, and good judgement.
Retail and commercial banking experience of scale, given the focus of the Group’s business.
Strong stakeholder engagement skills and standing to engage effectively with executives, the board, shareholders, investors, and regulators.
Highly developed awareness and understanding of the wider business, financial, market, risk, political and societal environment, and of the regulatory and statutory framework in which the Group operates; awareness and experience in risk management, governance, and oversight; knowledge of the regulation, rules, codes, and guidance relevant to directors, Senior Managers (SMCR) and the function and operation of a board.
Customer focused and consumer-centric, ideally bringing some experience from senior roles in a digitally enabled business across financial services, e-commerce, and customer focused regulated businesses.
Exceptionally high intellect, an inquisitive mind, and an ability to manage the detail of a board role, plus the ability to challenge from a broader perspective the processes by which the company assesses its risk and manages the business.
Time commitment
Candidates must be able to commit to a minimum of 8 Board meeting dates, 6 additional dates per board committee (as applicable), and any additional meetings as a non-executive director of Lloyds Banking Group plc, HBOS plc and the Ring-fenced Banks in 2023. Candidates will ideally be resident/ domiciled in the UK or be comfortable travelling for board meetings.
Applications
For further information about the position and additional details on qualifications, requirements, and how to apply, please email responses@russellreynolds.com.
Should you wish to submit an application, please email this to responses@russellreynolds.com and include:
- The role title and reference number: 2202-086L in the subject of your email;
- A full curriculum vitae;
- A cover letter explaining your motivation for applying for this role. Provide evidence and outline how you consider your personal skills, qualities and experience are suitable with particular reference to the criteria in the position specification.
The closing date for applications is 17:30 GMT on 27th February 2023.