This is an exciting opportunity for an entrepreneurial individual to join the UK's largest digital bank (and the UK's largest Fintech) and look to expand into new revenue opportunities using existing Group capabilities and technologies to external clients. The Product Lead, Payments-as-a-Service (PaaS) will lead the development, commercialization, and delivery of the Group's expanded "Payments as a Service" ambition. This includes existing product and services already marketed to partners as well as new ventures capitalising on our in‑house technology build. This is a strategic, high‑impact role responsible for shaping how the Group participates in the future of Payments‑as‑a‑Service across the broadest sense – from working with internal platform teams and business areas to shaping how products will be designed to a go‑to‑market strategy. What you’ll be doing: Strategy & Vision for Payments-as-a-Service

Define the strategic vision and multiyear roadmap for the Group's PaaS capabilities. Assess market trends, industry innovations, regulatory change and emerging customer needs to identify new opportunities. Shape commercial and operating models that enable PaaS to scale across internal business units and potential external partnerships. Build strategic business cases and investment proposals to secure funding for new initiatives.

Proposition & Product Development

Identify customer (internal and/or external) needs and design innovative PaaS propositions to meet them. Own the end‑to‑end product lifecycle: discovery, framing, scoping, design, MVP definition, sequencing and delivery oversight of end‑to‑end product lifecycle. Lead proposition development for existing and new markets‑including those that are not yet established. Partner with engineering, architecture, treasury, payments operations, and regulatory teams to ensure designs are scalable, compliant, secure and commercially viable.

External Business Development

Actively explore partnership opportunities, including commercial models, joint propositions, or collaborations.

Delivery Leadership & Roadmap Execution

Define and prioritise the PaaS roadmap, balancing near‑term deliverables with long‑term strategic innovation. Guide cross‑functional delivery and operations teams, ensuring clarity on value, scope, key performance indicators, service aspects and customer outcomes. Oversee launch and BAU optimisation of new PaaS journeys, ensuring robust performance management.

Commercial Outcomes & Investment Performance

Develop investment cases for PaaS initiatives and track delivery of commercial, operational and customer outcomes. Own performance metrics, reporting and continuous improvement actions. Work with finance, commercial teams and business units to shape pricing, value models, and commercial constructs.

Qualifications & Desired Experience

Deep understanding of payments, including cards, wallets and emerging technologies. Background in commercial, strategy or product leadership roles in payments‑focused fintechs or banks. Technical background and experience in product development of software products/services. Proven experience building, launching and managing new payments products, services or platforms in the business market (large merchants, payments companies and financial institutions). Strong experience developing commercial propositions and constructing detailed business cases. Experience in designing, launching or scaling new markets, propositions, or business models – including white‑label, embedded, or platform‑based solutions. Ability to influence senior stakeholders and secure alignment and investment across complex organisations. Strong analytical, strategic thinking and structured problem‑solving skills. Extensive knowledge and experience with API‑based platforms, embedded finance, Banking‑as‑a‑Service, or technical financial infrastructure. Experience working in environments requiring both innovation and appropriate risk management. Demonstrated ability to operate at pace, with ambiguity, and to create clarity where little exists.

Additional Desired Experience

Extensive knowledge and experience with API based platforms, embedded finance, Banking‑as‑a‑Service, or technical financial infrastructure based platforms, embedded finance, Banking‑as‑a‑Service, or technical financial infrastructure. Experience working in environments requiring both innovation and appropriate risk management. Demonstrated ability to operate at pace, with ambiguity, and to create clarity where little exists.

Diversity & Inclusion 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. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop. 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'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 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. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference. 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 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. And it's why we especially welcome applications from under‑represented groups. We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know. Benefits

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

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