At a Glance
- Tasks: Join our Rates Strats team to enhance pricing models and trading 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: Shape the future of finance while collaborating with traders and tech experts.
- Qualifications: 5+ years in Rates products, strong analytical skills, and programming experience.
The predicted salary is between 71838 - 87802 £ per year.
Location: London
Hours: Full-Time
Working Pattern: Our work style is hybrid, which involves spending at least four days per week or 80% of our time at our London office.
About this Opportunity: 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).
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 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
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.
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'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
At Lloyds Banking Group, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work environment in Fort William. With a strong focus on employee growth through our Skill Progression Framework, we provide ample opportunities for career advancement while ensuring a healthy work-life balance with flexible working options. Our comprehensive benefits package, including generous pension contributions and wellbeing initiatives, reflects our commitment to the well-being of our colleagues, making us a great place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Rates E-Trading Strat in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Lloyds Bank. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Lloyds Bank.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Lloyds Bank. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Rates E-Trading Strat in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Lloyds Bank and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Lloyds Bank how you can be a team player!
How to prepare for a job interview at Lloyds Bank
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Lloyds Bank.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Lloyds Bank's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
