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Assistant Manager, Market Risk Measurement & Models

Employer
Lloyds Banking Group
Location
London
Salary
£45333 - £61772 per annum
Closing date
6 Oct 2021

Job Details

Do you have passion and a positive personality? Are you willing to pursue a variety of tasks with a flexible and agile approach? If so, a role at Lloyds Banking Group in the Market Risk Measurement & Models (MRMM) team is for you!


What would you get involved in?


This team supports the development of market risk models for the Trading book within Commercial Banking, including Value at Risk (VaR).

A role within this team provides the opportunity to work flexibly, develop personally & expertly and work collaboratively within an ambitious and diverse team to build our business and bring to life the Group vision of Helping Britain Prosper.

  • Model Development: We develop methodologies and models which are used for internal market risk management and capital calculations. We test their implementation, ensure they align with regulatory requirements and supervise their efficiency to identify areas for improvement.
  • Time Series Market Data: We own the market data used in these models. The ownership responsibility includes implementation of backfilling methodologies, improvement of available market data and the continuous review of data quality to identify any data cleansing requirements.
  • Relationship Management: We support and engage with our colleagues, both within the team and across the Group, providing support to enable improved understanding of risk and capital related challenges.
  • Strategy and Governance: We identify and lead forward-looking improvements to ensure model performance continues to be strong. This is motivated by analysis of outputs, active participation in internal change initiatives, involvement in wider industry initiatives and learning from industry practices.
  • Communication: We communicate with colleagues at all levels and across risk functions and the business and ensure cross functional projects and initiatives are appropriately planned and implemented.


What we need from you...

  • A collaborative approach to working within and across teams.
  • A challenge oriented attitude and thirst for knowledge.
  • Written and verbal communication skills including report writing, analysis and presentations.
  • Analytical and problem-solving skills, including experience of suitable software, e.g. Microsoft Excel.
  • A higher level qualification in a quantitative field (such as Mathematics, Finance, Economics etc.) or comparable quantitative skills acquired through training and work experience.


The colleague would benefit from an interest and / or experience in the following areas:

  • Data manipulation, coding and time series data analysis.
  • Market Risk modelling techniques.
  • A range of trading book financial products (especially interest rate products).


And in return…


In return for your expertise, you'll enjoy our dedication to your ongoing personal and professional development. We'll help you perform at your best today, so you can fulfill all your potential in the future. Flexible working arrangements include part time and reduced hour options.


We're passionate about building a values-led culture, and our approach to inclusion and diversity means that we're all able to make a real difference, together. So if you have the skills we're seeking, we'd love to hear from you!


We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Company

We’re creating an organisation that attracts, retains and develops the best talent in the industry, and one that openly embraces diversity too. But more than that – we want to be a great place to work. We invest in our people, offering the best training and coaching, and by encouraging them to contribute to our leading corporate and social responsibility practices. We offer flexible working hours and days, under our Work Options scheme. This means that you can have a challenging and rewarding career, and still have an ideal work/life balance.

Flexible working is at the heart of our strategy. We’re re-imagining where, when, and how our people work, with new approaches designed to meet the ever-changing needs of customers and colleagues. These include increasing our use of remote-working tools and technology, as well as placing less reliance on a 9-to-5 mindset. For many of our office-based colleagues, we work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites.

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