Manager - Counterparty Credit Risk
| Posting date: | 22 May 2024 |
|---|---|
| Salary: | £90,000 to £95,000 per year |
| Hours: | Full time |
| Closing date: | 29 May 2024 |
| Location: | London, London, EC2Y 5AS |
| Remote working: | Hybrid - work remotely up to 2 days per week |
| Company: | Lloyds Banking Group |
| Job type: | Permanent |
| Job reference: | 112723_1716392390 |
Summary
JOB TITLE: Manager, Counterparty Credit Risk
SALARY: £90,000 -£95,000
LOCATION(S): 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 office sites
The role gives exposure to a broad range of risk factors, business areas and partners and will require to actively explore links, trade-offs and commonalities between different risk types.
About this opportunity
Counterparty Credit Risk oversight is fundamental to the success of the bank and in turn Helping Britain Prosper. The position is a high impact and high-profile role providing second line traded credit risk oversight across front line (Sales, Trading, and Treasury) functions. Working collaboratively across Chief Credit Office (CCO) divisions (including Business Support Unit) and Lloyds Bank Corporate Markets (LBCM) Risk to provide expert end-to-end traded risk exposures, analysis, and controls for the Group's portfolios to assist with effective second line decision-making capability.
Be part of a team built on a strong culture of proactive support of collaborators exhibiting high standards, accountability, and empowerment.
Running processes to control and appropriately call out traded credit risks, and any excesses, resulting from operational, market and economic volatility.
Responsibilities
-
These include credit downgrades, concentrations and correlations across sectors, market risk factors and wider regulatory concerns.
-
Working with modelling and Quantitative Research teams to assist with the future evolution of framework and control development. A clear understanding of the credit risk measures and metrics is required to achieve this objective.
-
Working with IT Platforms, Modelling, Market & Lending Delivery and Market & Liquidity Risk partners to help develop an understanding of traded risk transfer across the organisation.
-
Supporting the first line on risk mitigation techniques and providing the ongoing second line credit risk oversight.
-
Being at the forefront of frontline and second line governance committees for CCR risk escalation.
-
Provide support to risk wide projects such as ICAAP and regulatory and internal stress testing for CCR as well as support regulator led enquiries.
Why Lloyds Banking Group
We're on an exciting journey and there couldn't be a better time to join us. The investments we're making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.
What you'll need
-
An in depth understanding of techniques covering CCR and financial risk management of derivatives and security financing transactions. This includes knowledge of the various models and the resulting metrics produced.
-
In depth understanding of traded financial products, valuations, and credit exposure metrics. In depth understanding of credit risk mitigation techniques would be advantageous.
-
Understanding of relevant traded credit policy principles.
-
Playing a role in coaching junior colleagues in the team.
-
Excellent written and oral communication skills
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
This is a once in a career opportunity to help shape your future as well as ours. Join us and grow with purpose.
Proud member of the Disability Confident employer scheme