Lloyds Banking Group is the largest UK retail and commercial financial services provider with around 28 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 financial services institution 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 banking experience of scale.
• Operational and/or profit-and-loss experience of running a business and currency of skills.
• A modern appreciation for technology and how it impacts financial services will be critical.
• 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 eight board meeting dates, six 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.

Candidates will ideally be resident/domiciled in the UK or be comfortable travelling for board meetings.

To apply

Please email your application, to include a full curriculum vitae and a cover letter with any other information needed to provide adequate briefing on your credentials for the role to:
LBGNED@spencerstuart.com

The closing date for applications is 17:30 GMT on Friday 7 March 2025.