At a Glance
- Tasks: Develop complex credit risk and pricing models that impact real-world decisions.
- Company: Join a leading financial services firm committed to diversity and innovation.
- Benefits: Generous pension, performance bonuses, 30 days holiday, and flexible working options.
- Other info: Flexible working environment with excellent career growth opportunities.
- Why this job: Make a real impact in finance while enhancing your quantitative skills in a collaborative team.
- Qualifications: Strong mathematical background and experience in credit risk modelling or pricing.
The predicted salary is between 101000 - 125000 £ per year.
We support flexible working - click here for more information on flexible working options.
- Flexibility in when hours are worked
- Hybrid Working
- Job Share
Want to work on complex credit risk and pricing models that directly influence real-world decisions? This role offers the opportunity to develop models across loans, bonds and structured products, applying advanced quantitative techniques within a high-performing team and gaining exposure to securitisation and portfolio optimisation at scale.
About this Opportunity: We're hiring a quantitative modelling specialist to develop credit risk and pricing models across loans, bonds and securitised products. This role focuses on mark-to-market valuation, capital risk transfer and portfolio optimisation within a business and commercial banking environment. The distribution team is responsible for building quantitative methods and tools to support market pricing of assets (MTM), capital risk transfer modelling and the execution of Collateral Debt Obligations (CDOs). The role offers the opportunity to work collaboratively and further develop your technical expertise within a high-performing team.
What you'll be doing:
- Develop quantitative models and tools for pricing loans, bonds and CDOs
- Support methodologies for mark-to-market (MTM) valuation, distribution and hedging transactions
- Apply advanced techniques in credit risk modelling and quantitative analytics
- Research and implement improvements to modelling approaches and tooling
- Demonstrate new ideas to enhance quantitative modelling capability
- Work closely with market and business specialists to assess risk and establish pricing benchmarks
- Identify opportunities to support portfolio optimisation and capital efficiency
- Contribute to credit risk transfer and securitisation transactions
Why join us? We're on an exciting journey to transform our Group and the way we're shaping finance for good. We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.
What we're looking for:
- Strong mathematical or quantitative background (e.g. MSc/PhD in Mathematics, Statistics, Physics)
- Experience in credit risk modelling, pricing or valuation within financial services
- Proficiency in Python and C#, with advanced Excel skills
- Knowledge of structured finance (e.g. CDOs) or credit hedging
- Experience with mark-to-market (MTM) or IFRS9 valuation methodologies
It would also be useful if you had:
- Experience developing models for loan pricing, CDO pricing and credit portfolio management
- Experience working with Model Risk or Model Validation teams
- Calibration of multi-factor credit risk models
- Application of machine learning techniques in financial modelling or forecasting
- Use of optimisation techniques, such as linear programming, for portfolio management
We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
This is a place for you: 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. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme. 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
Ready for a career where you'll learn and thrive? Apply today and find out more.
Quantitative Model Development- Associate Director employer: Lloyds Bank plc
Join a forward-thinking organisation in London that prioritises employee growth and well-being, offering a hybrid working model and a commitment to diversity and inclusion. With a generous benefits package including a substantial pension contribution, performance-related bonuses, and ample holiday, this role as an Associate Director in Quantitative Model Development provides a unique opportunity to work on impactful financial models while being part of a high-performing team dedicated to shaping finance for good.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Model Development- Associate Director
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Lloyds Bank plc. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Quantitative Model Development- Associate Director
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.
Research and Reflect:Before hitting that 'apply' button on Lloyds Bank plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
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.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyds Bank plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨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.
