Model Validation Counterparty Credit Risk Pricing Models Manager

An excellent opportunity for a highly motivated applicant to join the Model Risk Office within Lloyds Banking Group. The role involves validating counterparty credit risk pricing models and model changes and improvements, and providing qualitative analysis and stress testing of counterparty credit risk pricing models and sub models.

Requirements

• Numerical or statistical background with a higher qualification to at least Masters level in a quantitative discipline such as Mathematics or Finance, or via suitable experience in a quantitative role
• Experience of working in a Model Validation or Front Office Quant role
• Strong analytical skills
• Programming experience in C++ and/or Python
• Excellent written and oral communication skills with an ability to communicate quantitative models in a clear and concise manner
• Theoretical understanding and familiarity with derivative pricing models, stochastic calculus, partial differential equations and Monte Carlo simulation

Benefits

• Generous pension contribution of up to 15%
• 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
• Range of wellbeing initiatives and generous parental leave policies