Finance Manager IPV

  • Lloyds Banking Group
  • Full Time
  • London
Lloyds Banking Group

Job Description



End Date

Monday 29 November 2021

Salary Range

£57,861 - £75,710

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 teams support the Valuation and PruVal Steering Committees, providing exposure to senior representatives from Trading, XVA, Market Risk, Quant Research and Model Validation.

Job Description

Looking for a Finance Manager IPV role, look no further!

At Lloyds Banking Group, the Prudential Valuations and Methodology team is comprised of specialists on fair value exposures. A key focus is on emerging valuation challenges across multiple asset classes. Core products include Interest rates, XVA’s (CVA, FVA), Fixed Income, Structured Credit and Equities.

The team is part of Finance Valuation Control, alongside the Investment Valuations team, which supports Insurance. We utilise our significant product and market knowledge to support the business and ensure regulation and standard methodology are followed.

We own the group's PVA adjustment, working closely with key partners across the Bank to improve and optimise the model in a robust and auditable manner.

What you'll be doing...!

  • Own production and oversight of IPV activities for key porfolios- clearly demonstrate a strong Control environment and being empowered to improve and simplify approaches and processes
  • Leads the production of key element of the PruVal adjustment, becoming a key contact for numerous desks and managing directors.
  • 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.
  • Engaging with the new product approval / Libor decommissioning project, reviewing products and business cases for valuation impacts, to highlight areas of focus for related teams (IPV, reserves, etc.).
  • Become a recognized specialist in valuations and support the Senior Manager and Head of Valuation, including production of information for PRA continuous assessment meetings and Group Valuation Committee deep dives.
  • Support Group Finance and Central Risk functions in 4YOP planning process and Stress Testing.
  • Build relationships with senior partners and committee members.

What we offer...

  • Develop a strong technical skillset, with an extremely wide and varied remit crossing over numerous business areas and asset classes. There are regular opportunities to build the skills needed to influence, and balance the needs and viewpoints of, senior colleagues from across Finance and the business, deputising for the team's managers where needed.
  • Build a great foundation in Commercial Banking Finance as part of a collaborative team, developing strong communication skills and relationships across the group.
  • 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

How we'll support you?

We're a very approachable team who will always be happy to answer questions and support your development!

Regular check-ins around your development and future plans

You'll have the opportunity to become more involved in specific pieces of work that are of interest to you, to support development and provide additional stretch, whether it be through owning BAU activity or a standalone project, increasing exposure across the wider business

We're an equal opportunity employer and deeply value diversity within our organisation.

Together we make it possible

You'll also receive a benefits package which includes:

  • A performance related award
  • Generous pension contribution
  • 30 days leave plus bank holidays
  • A flexible cash pot (4% of base salary) to spend on benefits

We’re committed to building a workforce which reects the diversity of the customers and communities we serve. Join us and be part of an inclusive, values-based culture focused on making a difference.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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.

Apply now

Good luck with your application