Manager IPV

£57800 - £79400 per annum
22 Sep 2021
06 Oct 2021
Full Time
Contract Type

Manager IPV

Lloyds Banking Group

London based

Salary & Benefits: £57,800pa - £79,400pa base salary, plus annual personal bonus, 15% employer pension contribution, 4% flexible cash pot, private medical insurance, 30 days holiday plus bank holidays. We also offer flexible working hours and agile working practices to give you good work-life balance.


Lloyds Banking Group is the UK's biggest Retail, Digital and Mobile bank with over 30 million customers and a big responsibility to help Britain Prosper. Commercial Banking Markets Valuations is an independent team, working closely with the Business, Market Risk. Model Validation, GCT and other Finance functions. The Markets Trading business operates as the Group's face to global financial markets including Money Markets, Foreign Exchange, Bond and Derivatives trading.


Want to hear more?

The Valuations team has a wide remit with a detailed understanding of traded products and market risk exposures across the bank. This expertise is primarily employed to assist the Front Office and carry out regulatory reporting and capital requirements as well as to improve valuation techniques, assessment and control across the Group.


What will you be doing?

You'll enhance your experience in financial markets, and further your product knowledge whilst develop a specialist understanding of Derivatives Fair Value techniques across a diverse set of asset classes. You'll also be responsible for Independent price verification ("IPV") of all pricing parameters used in the production of IPV reporting.


Additionally you'll;

  • Own production and oversight of IPV activities - clearly demonstrate a strong Control environment and being empowered to improve and simplify approaches and processes.

  • Write and present commentary on results, trends and observations to Trading, Market Risk Management and Finance therefore demonstrating a deep and commercial view of the drivers of fair value.

  • Build and nurture relationships with a wide and diverse network of partners to support the provision of quality and timely information and analysis delivering customer centric products. Handle senior partners as required.

  • Be supporting Senior Manager and Head of IPV in numerous tasks, including ad-hoc activities related to new products, regulatory change and market movements


What can we offer you?

  • We can help you develop a deep understanding of Derivative products, alongside building familiarity with risk terms such as delta, vega and convexity.

  • We can provide regular opportunities to build the skills needed to influence, and balance the needs and viewpoints of, internal Finance partners as well as Front Office and Risk colleagues.

  • We can give you excellent opportunity to build a strong network including Traders, Risk and Finance who support the Markets and GCT teams.

  • We work in a collaborative team embedded in the CB finance matrix - including learning from daily interaction with the Group valuation subject matter specialists, thereby developing strong influencing skills and relationships.

  • We offer the opportunity to further develop deep and valuable product knowledge, particularly around derivatives and fixed income exposures such as bonds and structured transactions.

  • Develop a commercial understanding of the Products, Businesses and Risks associated with Fair Value products. This role will provide the valuable building blocks around understanding pricing and valuation, skillsets which are highly regarded and transferable to other roles across Finance, Risk and Front Office.

  • Build the skills and understanding of the controls & governance requirements for a bank operating in the financial markets.


About you;

  • Experience in a derivatives' role, either Finance or Risk, would be a requirement.

  • Self-starter who is proactive and self-motivated.

  • Experience of Derivative valuations will be a strong advantage.

  • Great teammate with a collaborative working style.

  • Able to deliver to timelines with some time pressure.

  • A clear communicator who is able to talk through detail, but is also able to summarise key information for senior partners.


Qualification, Certification and Education:

Finance qualification(s) are desirable (i.e. ACCA, CFA, CIMA, IMC, ACT). This is an opportunity to become a recognised subject matter authority in IPV across CB and GCT products. Specific knowledge of methodology around Derivative products (including xVAs) would be a strong advantage.


What would you get in return?

You'd get a benefits package that includes;

  • A performance related discretionary bonus.

  • Generous pension contribution.

  • 30 days leave plus bank holidays.

  • A flexible cash pot (4% of base salary) to spend on benefits.

  • Private health cover.

  • Wider corporate benefits and perks.


We're dedicated to giving you opportunities and support to develop you both expertly and personally to optimise your potential.

As a new colleague, you'll join us on our journey to build a 21st century bank that reflects modern Britain, and craft an inclusive culture where all colleagues feel encouraged and valued.

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.


So, if you have the experience we're seeking then get in touch, we'd love to hear from you.


Together we make it possible.


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