Senior Manager of Trade & Ops Risk Modelling, Lloyds
£122-143.5k
+ Bonus & share schemes
2+ days a week in office
Retail and commercial bank
Be an early applicant
Retail and commercial bank
1001+ employees
Be an early applicant
£122-143.5k
+ Bonus & share schemes
2+ days a week in office
1001+ employees
Company mission
To support families and businesses, helping them to take the next step, whatever that may be.
Role
Who you are
- 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
- 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 of Monte Carlo simulation methodologies and exposure modelling
- Experience interacting with model validation and governance teams
- Experience supporting regulatory model submissions
- Knowledge of derivative products, collateral and margining
- Python or equivalent quantitative programming capability
What the job involves
- 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
Application process
- End Date: September 26, 2026
Salary benchmarks
Our take
Lloyds Bank, part of Lloyds Banking Group, began operations back in 1765 and is nowadays one of the UK’s leading retail and commercial banks. As with many leading banks, the company has dealt with its share of controversy, but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
As part of its ongoing digital transformation, the company is seeking to put the cloud at the front of its services and systems, and has cited intentions to invest heavily in overhauling its technology infrastructure. All this seeks to serve the modern banking customer, and to compete with the fast-increasing number of alternative banking options appearing on the market.
On top of this, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on "FinTech Action Labs" to bring its industry expertise to early-stage FinTechs. The company continues to enhance its online and mobile services (it is the UK's biggest mobile bank), as well as expanding its partnerships with digital banking companies.
Steph
Company Specialist at Welcome to the Jungle
Insights
-1% employee growth in 12 months
Company
Company benefits
- 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.
- 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.
- 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.
Company HQ
City of London, London, UK
Leadership
Charlie Nunn
(Group Chief Executive)Spent nine years at HSBC, including as Group Head of Wealth Management and Digital, and as CEO of Wealth and Personal Banking.
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