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Lloyds Banking Group
- London
- Lloyds Banking Group - London
Manager – Counterparty Credit Risk
Basic salary: £70749 – £82540 (plus car allowance of £4080, and 4% flex benefit)
Location – 10 Gresham Street, London, EC2V 7AE
Through our brands, our Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses, and play a key role in helping to create a thriving UK economy. There couldn’t be a better time to join us, as we work to become the best bank for customers and to build an exciting future for our people.
An excellent opportunity has arisen to join the Commercial Banking Risk – Methodology & Models team within Lloyds Banking Group. This is an exciting opportunity to be part of a team in a changing and challenging environment, which offers considerable scope for personal development.
This team covers the pricing, counterparty credit, and market risk measurement modelling for Lloyds Banking Group and is responsible for the independent review and analysis of the derivative pricing models used for valuation and risk.
You’ll be responsible for the development of benchmark pricing models for the trading book and subjecting them to qualitative assessment and stress testing. You will have the opportunity to work on important validation projects across all the asset classes (CVA, Rates, FX, Inflation, Credit, Commodities), managing and interacting with key stakeholders across the Bank. You will support the build and design of a unified library framework for validating and running model risk.
You must have:
– A qualification in a quantitative discipline such as Mathematics and Finance
– Programming expertise in VBA and C++ as well as a theoretical understanding and familiarity with derivative pricing models, stochastic calculus and partial differential equations
– Significant experience working in a Quantitative environment (model validation or Front office) having covered Credit Exposure Model, XVA models , Interest rates, Inflation, Commodity and FX asset classes.
– Excellent analytical, presentational, verbal and non-verbal communication skills
In addition to the salary range quoted, this role offers a performance-related bonus, car allowance, private health cover, share schemes and a generous pension contribution along with the option to choose an additional cash lump sum or pick from a wide range of industry leading benefits.
In return for your expertise, you’ll enjoy our total commitment to your ongoing personal and professional development. As a valued member of our team, you’ll be supported to grow and advance through excellent training and progression opportunities.
Applications open from 21st May 2018 through to the 18th June 2018
Manager, Counterparty Credit Risk
10 Gresham Street
Our vision of being the best bank for customers is dependent on every colleague committing to and demonstrating our core value of “putting customers first”. In joining us you’ll have a role that matters and will contribute towards the Group achieving our vision through your day-today actions being performed in line with our Codes of Responsibility and Group Policies. By individually and collectively committing to our Group values and codes, we will be able to make a difference together and help Britain prosper.
We’re also committed to employing a diverse and inclusive workforce, reflective of the customers and communities we serve – where all our colleagues can be themselves and succeed on merit.
We’re proud to have received the following industry recognition: ‘Stonewall Top Private Sector Employer’, ‘Top10 Employer for Working Families’, ‘The Times Top 50 Employer for Women’ and both ‘Gold Standard’ and “Best Workplace Adjustments Process” from the Business Disability Forum – each demonstrating our commitment to the principles of agile working and inclusion for all.
So if this sounds like a culture that you’d like to be a part of then be assured that we’ll welcome your application.