Valuations Manager

End Date

Salary Range

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Job Description Summary

Job Description

JOB TITLE: Valuations Manager

SALARY: £78,849 - £87,610

LOCATION(S): London Gresham Street

HOURS: Full time

WORKING PATTERN: Hybrid, 40% (or two days) in our London Gresham Street office

About this opportunity

As Valuations Manager within Finance Valuation Control within Commercial Banking Finance, you'll have the opportunity to make a real difference by telling the story of Lloyds Banking Group Insurance's (LBGI) performance both externally and internally, giving real insight to influence strategic decision making and ensuring clear and compliant communication of LBGI's financial asset information to internal and external partners.

The main area of focus of this role will be the production, technical analysis and development of enhancements of the illiquid asset valuations. The role includes review of fair value adjustments, setting of tolerances and oversight of exceptions, aggregate valuation attribution and corroborative analytical review as well as maintenance of the models and the end reporting of valuation uncertainty for the less observable illiquid assets.

Day to day you'll be involved in;

• Reviewing comparable valuations and understanding the drivers and basis differences.
• Assessing market data inputs, review of Interpolation and extrapolation methodologies.
• Completing analysis of observability, liquidity & market depth.
• Attribution analysis, monitoring of uncertainty metrics and stress testing
• Consideration of alternative valuations and/or alternative market data inputs.
• Dispersion in market data and reasonable stress scenarios.
• Understanding impact of credit rating impacts.
• Valuation MI, valuation controls and position tracking.
• Consideration of industry developments and regulatory change consultations.
• Presentation of valuation analysis and investigations to the Head of Valuations, steering groups and executive valuation committees and strengthening visibility across a wider range of internal partners.
• Liaison with external partners such as the Fund Administrator and other 3rd party services.

About us

If you think all banks are the same, you'd be wrong. We're an innovative, fast-changing business that's shaping finance as a force for good. A bank that's empowering its people to innovate, explore possibilities and grow with purpose.

What you'll need

You'll be a strong technical analyst, with substantial experience in the valuation of financial instruments and/or derivatives.

• A proficiency in Microsoft Excel for modelling and presentation of results.
• Proven experience in building collaborative relationships with external suppliers, internal market facing deal teams and internal risk management functions.
• Experience of working in a SOX control environment and effectively managing interactions with auditors and regulators.
• Strong communication skills when explaining sophisticated analysis and presenting technical information to a range of partners with difference focus and expertise.
• Track record as a standout colleague demonstrating behaviours consistent with LBG values, of Innovation, Trust, Inclusivity with a People First approach.

And any experience of these would be really useful

• Experience in applying valuation concepts including building of yield curves.
• Experience of option pricing theory and models.
• Proficiency in use of VBA, R or SQL or other languages.
• Product Control experience or Actuarial skills.
• Qualifications in CFA or accountancy.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it's why we especially welcome applications from under-represented groups.

We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual bonus award, subject to Group performance
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

If you're excited by the thought of becoming part of our team, get in touch. We'd love to hear from you.

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 your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

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.