Counterparty Credit Risk Manager - Market Risk

End Date

Monday 27 April 2026

Salary Range

£93,087 - £103,430

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

Title: Counterparty Credit Risk Manager
Location(s): London or Birmingham
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least three days per week, or 60% of our time, at one of our office sites.
The Counterparty Credit Risk (CCR) Manager will be primarily responsible for the monitoring, control & reporting functions covering the Bank’s Traded Counterparty Credit Risk portfolio. This role ensures compliance with internal risk frameworks & Chief Credit Office policies while supporting the organization's risk management objectives.

Job Description

Responsibilities

• Operate CCR Exception control reports ensuring that CCR exposures are within Credit appetite limits and trading conditions are within Credit Policy Appetite. Where appropriate, manage all outstanding control exceptions, escalating to Credit Officers/Coverage and Front Line to ensure timely remediation.
• Production of daily/weekly/monthly CCR reports to a wide range of internal stakeholders (FI Credit, Corporate Credit, Enterprise Credit Risk, LBCM Credit, Front Line).
• Perform routine and adhoc analysis of moves in macroeconomic risk factors and their impact on the Traded Product Portfolio Risk Profile.
• Support the team’s Internal and regulatory (TWD, 4YOP, SWES) stress testing submissions
• Work closely with Credit Officers and offer them the tools, analytics and insight necessary to perform a timely and robust CCR oversight (e.g. PFE limit monitoring, Settlement Risk limit monitoring, Credit Policies Adherence monitoring).
• Work with CCR and System Change Teams on a variety of different projects and activities (e.g. internal reporting & control enhancements, Regulatory Submissions).   
• Give a positive contribution to the success of the governance and business management of the wider FI Credit Team.

Skills

• Minimum of 5 years Market/Counterparty Credit Risk experience.
• Have a good understanding of Counterparty Credit Risk and its interlinkages with Regulatory Capital requirements
• Have a higher qualification in an economic or quantitative discipline or equivalent professional qualifications.
• Have excellent written / oral communications skills - in particular, an ability to communicate technical ideas to a diverse audience.
• Be Proactive and show initiative, ensuring End-To-End completion of tasks
• Analytical & Attention to Detail skillset, particularly with extracting & transforming large datasets. PowerBI, Python and/or SQL knowledge is preferable.

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.

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 aim for our people to feel that they belong and can be their best, regardless of background, identity or culture. If you'd like reasonable adjustments to our recruitment process, just let us know.

If you're motivated by challenge, grow with responsibility, and want to help shape the future of credit risk at LBG, we want to hear from you.

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 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'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 

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.