Trading & Treasury Market Risk Manager

An exciting opportunity has arisen in the Treasury & Trading Market Risk team within Lloyds Banking Group. We are looking for an experienced market risk professional with strong technical skills and a deep product understanding with a particular focus on xVA risks.

Day to day, you will:

• Oversee trading desk activity across a variety of asset classes including rates, FX, credit, repo, and xVA, and use your deep product knowledge to ensure that risk taken is appropriately controlled.
• Provide independent risk analysis on business proposals and activity, e.g. new product propositions, complex transactions and risk appetite.
• Provide independent oversight on market risk and xVA capital adequacy and accuracy.
• Use your technical communication skills to ensure that senior stakeholders within the Group understand the risks that are being taken.
• Shape and enhance the Group’s market risk framework — strengthening policies, risk appetite, methodologies, and the broader control environment.
• Develop and maintain a high level of technical knowledge on a variety of asset classes as well as a strong understanding of market dynamics.
• Contribute as a market risk SME on internal and regulatory change projects.
• Contribute to developing the team’s insight and analysis tools using VBA and Python.
• Support and develop junior risk managers, helping build a strong pipeline of technical expertise in the team.
• Collaborate effectively with key stakeholders including Trading, Finance and Quant teams.

What you’ll need:

• 8+ years of experience in a market risk, or market risk adjacent role.
• A deep end-to-end understanding of derivative pricing, market risk, capital requirements and xVA methodologies.
• A strong understanding of market risk metrics and their uses within a bank setting.
• Excellent written and verbal technical communication skills.
• A track record of building and maintaining effective working relationships across different functions.
• A strong working knowledge of Excel and other MS applications, Python, and query languages (SQL, MDX).
• Strong problem-solving skills, and the ability to learn quickly and adapt to new challenges.

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.

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.

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.