Head of Products - Loans (12-Month FTC)
Location(s): London / Chester / Manchester
Hours: Full-Time
Duration: 12-Month Fixed-Term Contract
Salary Range: £121,023 - £142,380
Working Pattern: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time in the office.
About the business:
We support customers to achieve their aspirations with unsecured personal loans and help them understand their affordability through innovative customer experiences with Your Credit Score. We're a fun, dynamic and fast-paced team who are at the forefront of leading the way for customers & colleagues in transforming & digitising the Retail Bank for Lloyds Banking Group.
About this opportunity:
You’ll be Head of Product, a key part of our Leadership team within the Unsecured Personal Loans & Affordability Business. Together we manage the largest unsecured personal loans business in the UK, across Lloyds, Halifax, BOS and MBNA brands. Leading a team of 15 Product specialists, you'll be accountable for product management and development, the customer outcomes and the end-to-end journeys across the lifecycle of the loans, representing more than 1m customers.
What does the job entail?
* Managing the risk profile and control environment for the portfolio, delivering risk reduction activity to achieve our residual risk targets and enhance our controls.
* Awareness of the regulatory landscape and proactively respond to any regulatory change including Consumer Duty developments.
* Championing the Customer agenda and driving action from customer insight and continuing to embed Consumer Duty.
* Managing external vendor/supplier relationships navigating commercial agreements and service levels.
* Setting and delivering the Product Strategy and Target Operating Model to enable delivery of the commercial plan.
* Working with the Platform to define and prioritise product roadmaps as well as the shaping, design and delivery of product changes.
What you'll need:
* Experience in building and leading inclusive collaborative team cultures.
* Strategic thinking with a passion for creating outstanding customer experiences.
* Awareness of latest technology and digital solutions to meet our customer’s needs.
* An intellectually curious outlook, seeking to innovate and adapt quickly from setbacks.
* Prior experience of product management including delivery of financial, strategic metrics, credit, risk and client experience metrics.
* Highly motivated, self-starter with ability to identify tactical and strategic improvement opportunities.
* Experienced leader able to distil complex problems into easy to understand outcomes.
* Commercial skills, being able to set out and make trade-offs for the best outcome.
* Ability to communicate, present and influence effectively at all levels of the organisation.
* Utilises customer and market insights to make strategic recommendations at a senior level.
About working for us:
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture.
We also offer a wide-ranging benefits package, which includes:
* A generous pension contribution of up to 15%.
* An annual performance-related bonus.
* Share schemes including free shares.
* Benefits you can adapt to your lifestyle, such as discounted shopping.
* 30 days’ holiday, with bank holidays on top.
* A range of wellbeing initiatives and generous parental leave policies.
Want to do amazing work, that’s exciting and makes a difference to millions of people? Join our journey.
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