At a Glance
- Tasks: Lead transformative change in Counterparty Credit Risk and deliver impactful solutions.
- Company: Join a forward-thinking financial institution focused on risk management innovation.
- Benefits: Enjoy a generous pension, performance bonuses, flexible benefits, and 30 days' holiday.
- Other info: Collaborative culture with opportunities for personal and professional growth.
- Why this job: Shape the future of risk management while working in a dynamic, inclusive environment.
- Qualifications: 3-5 years in Counterparty Credit Risk with strong analytical and problem-solving skills.
The predicted salary is between 60000 - 75000 £ per year.
Join us in Financial Risk Oversight (FRO) - TREC (Traded Risk Evolution and Calculation) team, where you'll provide insightful, high-quality analysis, advice and guidance, implement transformational change and system/operational enhancement tailored to Business and Senior colleague needs. If you are enthusiastic to work in a fast-paced, collaborative and inclusive environment, to help shape LBG's strategy and evolve the Risk Function of the future, this is the opportunity for you!
Responsibilities
- Provide Counterparty Credit Risk SME input and act as the Counterparty Risk point of contact for assigned initiatives, support Senior Manager and Leadership Team to analyse and understand business problems, critically evaluate business ideas from a customer and commercial point of view.
- Analyse specified problems and issues to find the best business and/or technical solutions. This includes assessing current and future state requirements from partners, performing gap analysis of change impacts, identifying target solutions and driving delivery of preferred options.
- Develop test approaches and execute testing to ensure changes to be implemented are performing as expected.
- Liaise with key partners (Business and Technology) within and outside Counterparty Risk in the capacity of a lead business analyst or project manager.
- Manage and deliver change initiatives using optimal approach and good practice; skills demonstrated include effective requirement gathering and analysis, planning, documentation, stakeholder management, issue resolution, testing and deployment.
- Deliver outcomes by managing self and/or others, work within established systems while continuously looking for improvement opportunities; use own judgment as to when complex issues require escalation.
- Develop network to source data and information to enable timely recommendations and advice. Engage with colleagues and teams, anticipating, clarifying and shaping requirements for the purpose of optimising business results.
- Work in other Counterparty Risk areas when required, including performing BAU Operational and/or Compliance activities.
Qualifications
- Proven working risk knowledge with 3-5 years' experience in Counterparty Credit Risk function.
- Knowledge of risk management practices, traded products (SFTs, Rates, FX, Credit, Inflation, Equity and structured products, etc) and knowledge of key risk measures (PFE, EE, EEPE, Settlement, etc).
- Experience with change lifecycle and Agile Scrum/Kanban delivery methods.
- Strong problem-solving and analytical skills and good at information sharing and up‑skilling others; can work both collaboratively and independently.
- Communicate effectively, delivering complex information simply and concisely.
- Knowledge of Murex-MLC Counterparty Risk platform.
- Knowledge and experience delivering Regulatory and transformational changes.
- Knowledge or experience of working/delivering IMM (Internal Model Methodology) for Counterparty Credit Risk.
- Knowledge of Market Risk.
- Advanced use of Microsoft Office suite.
- Advanced use of VBA and SQL.
Benefits
- 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.
Counterparty Credit Risk Change and Controls Manager in London employer: Lloyd's
At LBG, we pride ourselves on being an exceptional employer, offering a dynamic and inclusive work culture that fosters collaboration and innovation. As a Counterparty Credit Risk Change and Controls Manager, you will benefit from extensive professional development opportunities, a generous pension scheme, and a supportive environment that encourages personal growth while contributing to the evolution of our Risk Function. Join us in shaping the future of financial risk oversight in a role that not only challenges you but also rewards you with competitive benefits and a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Counterparty Credit Risk Change and Controls Manager in London
✨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 Lloyd's. 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 Counterparty Credit Risk Change and Controls Manager 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 Lloyd's.
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 Lloyd's'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 Lloyd's
✨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 Lloyd's.
✨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 Lloyd's 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 Lloyd's 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.
