At a Glance
- Tasks: Lead the development of Counterparty Credit Risk models and engage with stakeholders across various teams.
- Company: Join a leading financial institution focused on innovative risk management solutions.
- Benefits: Generous holiday allowance, flexible working, health insurance, and great discounts.
- Other info: Opportunity for career growth and mentoring junior colleagues in a dynamic team.
- Why this job: Shape the future of financial risk modelling and make a significant impact in a collaborative environment.
- Qualifications: Experience in IMM development, strong collaboration skills, and knowledge of regulatory requirements.
The predicted salary is between 63000 - 77000 £ per year.
- The role sits within the Traded & Operational Risk Modelling (TORM) team within Financial Risk, where you’ll join a collaborative team with deep expertise in financial risk modelling and play a leading role in shaping a strategically important capability for the Group
- We’re looking for a highly motivated and experienced quantitative risk professional with direct IMM and Counterparty Credit Risk modelling experience, alongside a track record of delivering complex modelling or regulatory change initiatives
- Success in this role will require strong collaboration skills and the ability to work effectively with a broad range of stakeholders across Risk, Finance, Technology and Front Office functions
- Direct experience of Internal Model Method (IMM) development and/or regulatory approval activities is essential for this role
- The role will involve leading modelling workstreams, influencing senior stakeholders, shaping methodology decisions and contributing to a major regulatory capital transformation programme
- We’re looking for an experienced Counterparty Credit Risk modelling specialist to lead the development, enhancement and implementation of key components of Lloyds Banking Group’s Internal Model Methodology (IMM) framework for Counterparty Credit Risk, supporting regulatory capital calculations, PRA submission activities, and the transition from standardised methodologies towards risk-sensitive internal models
- The role combines quantitative modelling, regulatory interpretation, model governance and stakeholder engagement to deliver a robust IMM framework that satisfies regulatory requirements whilst supporting business growth and effective risk management
- Lead the development and enhancement of IMM methodologies for Counterparty Credit Risk
- Deliver quantitative analysis supporting model approval and regulatory submissions
- Engage with Model Validation, Audit and Regulatory stakeholders throughout the model lifecycle
- Produce and maintain technical documentation, methodology papers and governance artefacts
- Support model performance monitoring, backtesting and ongoing model enhancements
- Collaborate across Risk, Finance, Technology and Front Office teams to deliver strategic modelling solutions
- Mentor and support junior modelling colleagues
Benefits
- A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
- A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
- Family leave: Up to 63 weeks of maternity or adoption leave.
Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay.
Partners can have six weeks of fully paid paternity leave.
- Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
- Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
- Colleague
Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping.
You can share this benefit with up to ten family members or friends.
- Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
- Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
- Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our ‘Your Tomorrow’ scheme.
You can decide how much you save and get a say in where your contributions are invested.
Experience of Monte Carlo simulation methodologies and exposure modelling Strong collaboration skills, communicating technical concepts clearly to help build relationships and influence diverse audiences A proactive growth mindset, striving to challenge, simplify and improve existing ways of working through automation, visualisation, and alternative methodologies Ability to adapt to changing priorities and work effectively in a team environment Experience interacting with model validation and governance teams Knowledge of derivative products, collateral and margining Experience supporting regulatory model submissions Direct experience of Internal Model Method (IMM) development and/or regulatory approval activities within a banking environment, including knowledge of Basel Counterparty Credit Risk regulations and IMM requirements Python or equivalent quantitative programming capability
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Senior Manager of Trade & Ops Risk Modelling employer: Lloyd's
Lloyd’s is an exceptional employer that prioritises integrity and excellence in the financial services sector. With a strong commitment to employee development, you will find ample opportunities for growth and advancement within a collaborative and supportive work culture. Located in the heart of London, our dynamic environment fosters innovation and offers unique benefits, including access to industry-leading training programmes and a diverse network of professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager of Trade & Ops Risk Modelling
✨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 Senior Manager of Trade & Ops Risk Modelling
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.
