Manager, Pricing Model Validation Manager, Pricing Model Validation …

Lloyds Banking Group
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
Lloyds Banking Group
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
Manager, Pricing Model Validation
End Date
Tuesday 27 August 2019

Salary Range
£72,162 - £80,180

We support agile working - click here for more information on agile working options.

Agile Working Options
Other Agile Working Arrangements / Open to Discussion

Job Description Summary
Provide insightful, high quality analysis, advice and guidance in a specific area of risk, executing control and tailored to senior stakeholder needs. May lead a team of risk specialists and deputise for more senior colleagues at Grade F

Job Description

Job details

Through our brands, our Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses, and play a key role in helping to create a thriving UK economy.

Do you want to gain experience across a wide range of projects and stakeholders? There couldn't be a better time to join us, as we work to become the best bank for customers and to build an exciting future for our people.

The Methodology & Models team at Lloyds Banking Group covers the pricing model validation, counterparty credit risk modelling and market risk measurement and modelling for Lloyds Banking Group. This role is in the Pricing Model Validation area. You'll be involved in the independent review and analysis of pricing models for derivatives used in the Trading book within Commercial Banking.

Useful Skills & Experience
  • Enthusiasm, positive attitude, flexibility and a willingness to take on a variety of tasks.
  • Stakeholder management and Project management experience.
  • Strong written and oral communication skills.
  • A higher level qualification in a quantitative discipline (such as Mathematics, Finance, Economics etc.) or comparable quantitative skills acquired through training and work experience.
  • Knowledge of advanced modelling and a sound practical understanding of pricing and risk methodologies.
  • Knowledge of a range of Financial products and asset classes.
  • Knowledge of data science.
  • Programming skills in C++ and/or Python would be an advantage.

Team Responsibilities
  • Independent development of derivative pricing methodologies.
  • Testing the implementation of the methodologies.
  • Research and propose methodology enhancements arising from regulatory developments, new product coverage and to improve current methodologies.
  • Monitoring the adequacy of the pricing models via Key Performance Indicators and identifying areas for improvement.
  • Support stakeholders in analysing and understanding results from the pricing models.
  • Communicate with stakeholders at all levels (i.e. business heads, other risk disciplines).
  • Provide quantitative and theoretical support to other team members.
  • Ensure that proposed methodologies comply with regulatory requirements around Market Risk measurement.

In addition to a competitive salary, this role offers a performance-related bonus, private health cover, share schemes and a generous pension contribution along with the option to choose an additional cash lump sum or pick from a wide range of industry leading benefits.

Please note that due to annual leave applications will not be reviewed before the 16th of September but we hope to come back to people shortly afterwards

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'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.