Traded Risk Calculation - Manager (FTC)

End Date

Tuesday 03 November 2026

Salary Range

£95,418 - £106,020

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Flexible Working Options

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Job Description Summary

Title: Traded Risk Calculation - Manager (FTC)
Location: London
Type: FTC
Working Pattern: Hybrid, 40% (or two days) in an office site

Job Description

About the team

Traded Risk Evolution and Calculation within Financial Risk Oversight, is a team that specialises in the oversight of key Market & Counterparty Risk calculations, the delivery of internal and regulatory change and the development of specialised reporting and analytics tools. The Traded Risk Calculation team owns the daily operation of key systems, ensuring the delivery of high quality risk reports and controls, the enhancement of core processes and the transition of strategic initiatives to a stable operating model.

About the role

We are looking for someone who has strong Market and/or Counterparty Risk knowledge and experience (in particular Reporting and Controls) to help provide insightful, high quality analysis, deliver high quality output and operational/system enhancements tailored to Business and Senior colleague needs. Examples of activities include:

• Provide Traded Risk SME input and act as the Traded Risk point of contact for assigned initiatives, support Senior Manager and Leadership Team to analyse and understand business problems, critically evaluate business ideas from a customer and commercial point of view.
• Develop innovative AI solutions to manage and execute testing to ensure changes to be implemented are performing as expected.
• Analyse specified problems and issues to find the best business and/or technical solutions. This includes assessing current and future state requirements from partners, performing gap analysis of change impacts, identifying target solutions and driving delivery of preferred options.
• Deliver outcomes by managing self and/or others, work within established systems while continuously looking for improvement opportunities; use own judgment as to when complex issues require escalation.
• Develop network to source data and information to enable timely recommendations and advice. Engage with colleagues and teams, anticipating, clarifying and shaping requirements for the purpose of optimising business results.
• Work in other Traded Risk areas when required, including performing BAU Operational and/or Compliance activities.
   

Key Skills Required

Essential

• Proven working experience in the Market and/or Counterparty Risk function, with an ability to perform complex analysis of day to day risk measure moves (sensitivities, VaR, SVaR, ST, PFE, EE, EEPE etc) and investigations of control breaks
• Highly numerate and hold at least a degree level qualification with quantitative content or equivalent skills derived from highly significant experience
• Excellent communications skills, in order to convey feedback to Risk Managers, modelling teams and Engineering
• Knowledge of traded products (Repo, Rates, FX, Credit, MM and structured transactions etc)
• Knowledge of AI toolkit (incl. Copilot, Github) and advanced use of Microsoft Office suite
• Ability to build strong relationships

Desirables

• A knowledge of Python and/or Tableau/Power BI and their capabilities will also be of significant benefit
• Growth mindset, able to demonstrate effectiveness in applying new skills and capabilities
• Understanding of relevant regulations (e.g. CRD IV, FRTB)

Our Benefits

We offer a wide-ranging benefits package, including:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes, including free shares
• Flexible benefits you can tailor to your lifestyle, including discounted shopping
• 30 days' holiday, plus bank holidays
• A range of wellbeing initiatives and generous parental leave policies

About working for us

We are committed to building an inclusive organisation that reflects modern society and celebrates diversity in all its forms. We want every colleague to be themselves, thrive and perform at their best. We were one of the first major organisations to set goals for diversity in senior roles, introduce a menopause health package and establish a dedicated Working with Cancer initiative. As an inclusive employer, we offer workplace adjustments for colleagues with a disability, including long-term health and neurodivergent conditions, where reasonable. If you need an adjustment during the recruitment process, please let us know.

If you are excited by the opportunity to help shape the future of Lloyds Living, we would love 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.