Associate Director

4 weeks ago

London, United Kingdom Lloyds Banking Group Full time

End Date

Friday 26 May 2023

Salary Range

£81,252 - £90,280

Agile Working Options

Hybrid Working

Job Description Summary

Portfolio Analytics, sitting within the Digital Banking unit, is a specialist team responsible for developing methodology, data and tools used in both BCB and CIB, to support the delivery of sustainable returns, manage the capital needs and execute risk distribution transactions.

The distribution team is looking for an exceptional professional to take the quantitative modelling forward. The team is responsible for building quantitative methods and tools to support the Market pricing of assets (MTM), the Capital Risk Transfer modelling and the execution of Collateral Debt Obligations (CDO). The role provides the opportunity to work flexibly, collaboratively and further develop your skills within a team with multifaceted strengths.

**Job Description**:
At Lloyds Banking Group we’re driven by a clear purpose - to help Britain Prosper. Across the Group, our colleagues are passionate about making a difference to customers, businesses, and communities.

The Business & Commercial Banking (BCB) and the Corporate & Institutional Banking (CIB) divisions within Lloyds Banking Group have over 100,000 clients across a wide range of business sectors, from small, local businesses to multi-national corporations and financial institutions. Our offices are based across the UK and in Europe, North America and Asia.

Portfolio Analytics, sitting within the Digital Banking unit, is a specialist team responsible for developing methodology, data and tools used in both BCB and CIB, to support the delivery of sustainable returns, manage the capital needs and execute risk distribution transactions.

The Role:
The distribution team is looking for an exceptional professional to take the quantitative modelling forward. The team is responsible for building quantitative methods and tools to support the Market pricing of assets (MTM), the Capital Risk Transfer modelling and the execution of Collateral Debt Obligations (CDO). The role provides the opportunity to work flexibly, collaboratively and further develop your skills within a team with multifaceted strengths.

What you'll be doing:

- Develop quantitative tools and prototypes to price loans, bonds and CDOs.
- Support the methodology and tools to calculate the economic value of distribution and hedging transactions.
- Engage in research into cutting-edge techniques for building and testing credit models, mark to market valuation and quantitative risk management.
- Work closely with market and business specialists to ensure accurate assessment of risks and market benchmarking for asset disposals.
- Identifying opportunities for transactions to support effective portfolio management and capital optimisation.
- Demonstrating the capability of bringing innovative ideas.

What we'll need from you:
Distribution Quantitative Solutions team is looking for an Associate Director with a solid academic background (MSc/ PhD in Maths/ Statistics/Quantitative Finance) and preferably 5 years’ experience in the banking industry.

Essential criteria:

- Outstanding mathematical skills
- Proficient in programming languages (C# and Python) and Excel.
- Experience in quantitative credit modelling and market pricing valuation
- Knowledge of credit hedging and securitisation.

Desirable criteria:

- Development of quantitative models for loan pricing, CDO pricing and credit portfolio management.
- Market valuation to meet IFRS9 standards of financial reporting.
- Collaboration with Model Risk Validation teams to seek models’ approval.
- Calibration of multi factor correlation models within credit tools.

High motivation and good communication skills are important, as is the ability to work productively and efficiently collaborating in a dynamic team environment

As well as a competitive salary, you’ll receive:

- A Discretionary Performance Share Award
- Generous pension contribution and 30 Days leave plus bank holidays
- Private health cover and access to Share Schemes

You'll enjoy our dedication to your ongoing personal and professional development. We'll help you perform at your best today, so you can fulfil all your potential in the future.

We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We're an equal opportunity employer and deeply value diversity within our organisation.

Together we make it possible

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 you

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