At a Glance
- Tasks: Join our Rates Strats team to enhance trading models and tools.
- Company: Lloyds Banking Group, a leader in finance and innovation.
- Benefits: Generous pension, performance bonuses, 30 days holiday, and flexible working options.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make a real impact in shaping the future of financial services.
- Qualifications: 5+ years in Rates products, strong programming skills, and analytical mindset.
An opportunity has arisen within Lloyds Banking Corporate Markets (LBCM) Global Markets to join our Rates Strats team. Global Markets is the customer-facing Rates, Foreign Exchange (FX) and Commodities sales and trading business. As our business and electronic trading capabilities continue to develop, you’ll help improve how we price, trade and handle risk across our Rates business.
Working closely with the Rates trading desks, you’ll develop and enhance Rates curve construction and pricing models, using your understanding of market instruments and conventions to support the pricing and risk management of Rates products. You’ll also build risk and trading tools that give traders greater insight into positions, exposures and profit and loss (P&L), helping them see opportunities and make informed trading and risk-management decisions.
You’ll contribute to our electronic and algorithmic trading capabilities, including electronic pricing, market-making and execution tools, alongside the analytics, monitoring and controls that support them. You’ll use market and trading data to develop pricing and relative-value metrics, trading signals and practical solutions supporting products including interest-rate swaps, inflation swaps and government bonds.
Partnering directly with traders, you’ll translate market and business requirements into robust models, tools and technology. You’ll also find opportunities to automate and simplify trading and risk-management workflows, taking ownership of improvements and working with colleagues across Global Markets, Quantitative Research, Engineering and our control teams to deliver resilient solutions, maintain appropriate documentation and support relevant governance processes.
What we’re looking for:
- 5+ years’ experience with the pricing and risk of Rates products, ideally including interest-rate swaps, government bonds and/or inflation products, together with experience of pricing, risk, P&L or other trading tools.
- Proven understanding of Rates markets and how Rates products are priced, traded and risk-managed, including experience of interest-rate curve construction and modelling and the instruments and market conventions used to construct and calibrate curves.
- Strong quantitative, analytical and problem-solving skills, with experience using market and trading data to understand problems and develop practical solutions.
- Programming experience in one or more of Python, C#, Java or C++, including experience developing system components and services and using Software Development Lifecycle processes and tools.
- Ability to work effectively with traders and colleagues across business and technical teams, translating market requirements into robust technical solutions and explaining market and technical concepts clearly.
- Awareness of risk, control and conduct requirements, with an understanding of the wider financial services industry and relevant regulatory, economic and market developments.
And any experience of these would be great:
- Experience using artificial intelligence (AI)-assisted tools to support research, analysis or software development.
- Familiarity with Excel and Visual Basic for Applications (VBA).
We know that great talent comes from many backgrounds. Whilst this advert may reference specific experience, we recognise that skills are developed in different ways, so if you have relevant, transferable experience, we encourage you to apply.
About Working For Us:
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop. 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. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns.
We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
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.
Join us and grow with purpose!
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'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.
Rates E-Trading Strat in London employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment in Cardiff that fosters professional growth and collaboration. With a competitive salary package, generous benefits including a robust pension scheme and flexible working options, employees are empowered to thrive both personally and professionally. The company prioritises inclusivity and well-being, ensuring that all team members can achieve their full potential while making a meaningful impact in the SME banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Rates E-Trading Strat in London
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We think you need these skills to ace Rates E-Trading Strat in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Bank plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
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How to prepare for a job interview at Lloyds Bank plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Bank plc.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Bank plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
