Commercials & Pricing Manager - Private Banking Products

End Date

Friday 07 March 2025

Salary Range

£57,546 - £63,940

Flexible Working Options

Hybrid Working, Job Share

Job Description

JOB TITLE: Commercials & Pricing Manager - Private Banking Products

SALARY: £57,546 - £63,940

HOURS: Full time

LOCATION(S): Birmingham, Edinburgh, Leeds & London

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

About this opportunity

Everyday Banking is at the heart of LBG's growth strategy, supporting our mission to provide the best products for our UK customers and to grow relationships with the bank.

Our agile team is fast-paced, focused, and fun; achieving success by empowering you to make decisions quickly, working together across our different teams to solve problems faster, and with less bureaucracy getting in the way. We’re equipped with better tools to work more efficiently.

We’re heavily investing in our Everyday Banking Products and teams and have created brand-new roles to support our UK Private Banking Business. We’re seeking individuals who’ll continue to lead on solving customer and commercial problems and deliver our purpose of Helping Britain Prosper.

The Private Banking Commercials & Pricing Manager is a key role that works in partnership with the Senior Manager to deliver the commercial results of the organisation. We have an ambitious set of targets in 2025 to deliver and hope that you can support us.

Key Responsibilities

• Collaborate with the Senior Manager Customer Solutions to develop, shape and deliver the commercial objectives for the business, setting stretching P&L goals, managing performance and leading major strategic change from inception to execution.
• Take ownership of risk decisions, demonstrating regulatory expertise to ensure that our pricing aligns with regulations like the Consumer Duty.
• Maintain a strong risk management system, assessing and mitigating risks in alignment with Group's policies and legal obligations.
• Understand the product market, demonstrating clear understanding of customer, market, and pricing trends.
• Implement vital pricing changes to achieve commercial goals in line with risk appetite and market conditions.
• Design and deliver comprehensive MI and Trading reports to support the Private Banking business to grow and understand its customer base.
• Contribute to a culture of active learning and upskilling of self and team through collaboration, coaching, and regular exchange of feedback.
• Drive successful outcomes by delivering performance objectives, providing feedback, mentoring, and promoting effective collaboration within the team.

What you’ll need

We’ll be looking for these skills and experiences. But we know careers, like life, don’t always go in a straight line. So, if you don’t have some of these but think you’ve got what it takes, get in touch. We’re hiring for outlook, experience, and expertise in equal measure.

• Pricing Expertise – Experience of designing and driving best in class pricing strategies for retail lending products.
• Commercially Driven - Robust and committed focus on business performance ensuring our products meet our customers’ needs and support our growth strategy and business objective to build deep customer relationships.
• Control and Regulatory Environment - Understanding the regulatory environment and applies knowledge of the relevant rules to their product decisions.
• Data and Analytics focused – Applying the relevant customer, business, and market analysis methodology to build out our understanding of the Private Banking customer drivers.
• Agile Approach – In Everyday Banking we work using Agile methodologies to deliver quicker for our customers while maintaining high standards.

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’re committed to creating a consciously inclusive workplace where our colleagues can be themselves, thrive, and perform at their best.

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.

As an inclusive employer, we offer Workplace Adjustments for colleagues with a disability (which may include long-term health and neurodivergent conditions) where it is reasonable to do so. This could include flexibility with regards to office attendance, location, and working pattern.

We are proud to be a Disability Confident Leader. If you have a disability, you can also apply via our Disability Confident Scheme (DCS). Through the DCS, we guarantee to interview a fair and proportionate number of applicants with a disability, whose application meets the minimum criteria for the advertised job role.

We also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health condition, or neurodivergent condition. If you’d like an adjustment to the recruitment process just let us know.

Benefits

• A generous pension contribution of up to 15%
• An annual bonus award, subject to Group performance
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days’ holiday, with bank holidays on top

If you’re excited by the thought of becoming part of our team, get in touch! We’d love to hear from you!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses, and communities.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve.