Trading & Treasury Market Risk Manager

End Date

Salary Range

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

Flexible Working Options

Job Description Summary

Job Description

JOB TITLE: Trading & Treasury Market Risk Manager

LOCATIONL: London

HOURS: Full Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our hub locations.

About this opportunity

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

Why Lloyds Banking Group  

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you

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.

About working for us

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

Ready for a career where you can have a positive impact as you learn, grow and thrive? Apply today and find out more.

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.