Location
London

Hours
Full-Time, hybrid work style requiring at least two days per week (40%) at one of our office sites.

Salary
£76,464 - £84,960

About the Role
The Traded Products Valuation team is a specialist function within Commercial Banking Finance responsible for valuation activities related to derivative and traded product exposures across the group. These exposures span multiple divisions, providing insight into dynamic businesses including Trading, Treasury, and Insurance.

The team serves as a knowledge centre for derivative products, offering valuable insights to senior management. It plays a central role in forward-looking commercial opportunities such as new product approvals, significant transactions, and IT infrastructure projects. With substantial investment planned for the Markets businesses, this is an exciting area to join.

Additionally, the team manages the group's Prudential Valuation Adjustment (PVA) process, collaborating closely with key partners to improve and optimise the model in a robust and auditable manner. PVA calculations support group-wide activities including planning and stress testing. The team leads key governance through the Valuation Committee and Prudential Valuations Steering Committee and acts as the initial contact point for the PRA regarding valuations.

We are an approachable team committed to supporting your development and answering your questions.

Key Responsibilities
- Production and oversight of valuations (IPV) activities for key portfolios.
- Support preparation of Quarterly Level 3 reporting.
- Maintain a strong control environment while driving improvements and simplifications in processes.
- Write and present commentary on results, trends, and observations to Trading, Market Risk Management, and Finance, demonstrating a deep commercial understanding of fair value drivers.
- Contribute to the new product approval process by reviewing valuation impacts and highlighting focus areas.
- Become a recognized valuations specialist and support senior stakeholders with information for PRA meetings and Valuation Committee deep dives.

Why Lloyds Banking Group
We are evolving alongside modern Britain, investing billions in our people, data, and technology to transform how we serve our 26 million customers. We are growing with purpose and invite you to join us on this journey.

Experience
- Proactive and self-motivated with a solid understanding of Commercial Banking.
- Strong relationship-building skills.

About you
- Ability to explain technical concepts clearly to non-specialist audiences.
- Constructive approach to challenge, driving quality and continuous improvement.

Qualifications
- Financial qualification or equivalent experience.
- Strong Excel-based analytical skills.

Our Commitment
We strive to be the leading UK business for diversity, equity, and inclusion, supporting customers, colleagues, and communities. We are committed to creating an environment where everyone can thrive, learn, and develop.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexible office attendance, location, and working patterns. As a Disability Confident Leader, we guarantee interviews for applicants with disabilities, long-term health, or neurodivergent conditions who meet the minimum criteria.

Our benefits include:
- Generous pension contribution of up to 15%
- Annual performance-related bonus
- Share schemes including free shares
- Lifestyle benefits such as discounted shopping
- 30 days' holiday plus bank holidays
- Wellbeing initiatives and generous parental leave policies