Manager, Financial Markets Infrastructure

End Date
12 May 2019
Please note, this vacancy will close at 00:01am on the specified closing date rather than 11:59pm. Please ensure all applications are received before 00.01am on the specified closing date.

Salary Range
£56,853 - £63,170

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
The purpose of this role is to provide insightful, high quality analysis, advice and guidance relating to credit risk, executing control and tailored to senior stakeholder needs. Act as Change BA and SME for the Traded Products Credit Risk Applications.

Job Description

Lloyds Banking Group represents a way of doing business across all our businesses that's proven to deliver better financial services for our customers. As an organisation, we aim to attract, retain and develop the best talent in the industry. The Group provides unrivaled possibilities for our people to grow their careers. We invest in our people, offering the best coaching and training. We also provide our people with the opportunity to contribute to our leading corporate and social responsibility practices. The scope and scale of our company provides exciting opportunities to grow and develop your career.

The Financial Markets Infrastructure team is the business owner of all credit risk platforms in use across the Commercial Banking Markets division. The team is responsible for the design, development, testing and implementation of all approved changes to those systems. The team delivers small-scale change through regular release cycles, and medium and large-scale change partnering with the front office business transformation functions, to ensure that risk management systems are enhanced in line with the wider business objectives driven by the front office and regulatory requirements.

As a Financial Markets Manager, you will be expected to work as part of the Financial Markets Infrastructure team; taking the role of Business Analyst for Risk on one (or more) business transformation project/s as well as supporting ongoing BAU.

This will involve:

• Acting as a business analyst on risk initiated and regulatory change. This involves documenting the business requirements from all relevant Risk stakeholders, defining the test strategy, test plan and test cases as well as coordinating and executing testing, capturing and managing the resolution of defects and transitioning the change into production ensuring all required change documentation is completed
• Acting as a Credit Risk SME for strategic and front office led transformation projects and contributing to the wider development of risk systems within Commercial Banking Risk to support these projects.
• Acting as the Credit Risk point of contact for certain business transformation projects, liaising with key stakeholders within Risk, Methodology/Modelling, Front Office and Risk IT in the capacity of a business analyst. As such, the role requires the ability to define and manage project plans, run working groups, maintain a RAID log, control change requests, compose a run-book, manage communication to stakeholders, etc.
• As Business Owners of all credit risk systems that support the Markets division you will need to ensure any changes these systems are compliant with all regulatory and internal LBG policies and standards.
• Manage key stakeholder relationships - Financial Markets, Risk, Group IT, Finance, Models & Methodology
• Support daily BAU and delivery of small-scale BAU 'bug-fix' change as well as system upgrades when required.
• Support creation and maintenance of system documentation, user guides and data dictionaries
• Assess current and future state requirements from stakeholders Make recommendations and write business cases Perform gap analysis of impacts, identify target solutions and execute delivery of preferred solutions (both internal and vendor)

You'll ideally possess either a relevant qualification in a quantitative discipline such as Mathematics or Finance, or be able to demonstrate clear evidence of comparable quantitative skills acquired through relevant training and work experience. With your experience in a Credit Risk function, you'll have good knowledge of Credit Risk for traded products (Repo, Rates, FX, Credit, MM and structured transactions etc.) and core credit risk measures provided (PFE, EE, Settlement, etc). You'll have knowledge of risk management practices within a Commercial Bank and an understanding of the current and future regulatory requirements for Credit Risk systems. Advanced use of VBA and SQL would be advantageous but not essential.

Experience Required

• At least a 2.1 degree, preferably in a mathematical discipline.
• Proven experience in a Tier 1 bank, strong preference being in a projects-focused, analytical role.
• Experienced Business Analyst with proven experience of producing high-quality requirements documentation for medium to large-scale projects, preferably in Risk.
• Knowledge of Credit Risk for traded products (SFTs, Rates, FX, Credit, Inflation, Equity and structured products etc.).
• General understanding of the theory behind derivatives pricing.
• Knowledge of risk measures (PFE, EE, EEPE etc.).
• Knowledge of Clearing / Collateral Optimisation advantageous.
• Knowledge of Murex-MLC Credit Risk platform advantageous.
• Knowledge of Basel III, Dodd Frank, EMIR advantageous.
• Knowledge of the full Software Development Life-Cycle.

In addition to the salary range quoted, this role offers a discretionary performance-related bonus, car allowance, 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.

In return for your expertise, you'll enjoy our total commitment to your ongoing personal and professional development. As a valued member of our team, you'll be supported to grow and advance through excellent training and progression opportunities. There may also be opportunities for aspects of flexible working (e.g. occasional home working and compressed working patterns) that we can accommodate.

If this sounds like you, you can look forward to having a role that matters, working in an environment that provides continuous learning and development, excellent benefits and a career that's full of opportunity.

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.