End Date

Tuesday 12 May 2026

Salary Range

95,418 - 106,020

We support flexible working click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

.

Job Description

JOB TITLE: Counterparty Credit Risk Change and Controls Manager

SALARY: 95,418 - 106,020

LOCATION(S): London

HOURS: Full Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at our office site.

About this opportunity

Join us in Financial Risk Oversight (FRO) - TREC (Traded Risk Evolution and Calculation) team, where you'll provide insightful, high-quality analysis, advice and guidance, implement transformational change and system/operational enhancement tailored to Business and Senior colleague needs.

If you are enthusiastic to work in a fast-paced, collaborative and inclusive environment, to help shape LBGs strategy and evolve the Risk Function of the future, this is the opportunity for you!

What youll be doing:

• Provide Counterparty Credit Risk SME input and act as the Counterparty Risk point of contact for assigned initiatives, support Senior Manager and Leadership Team to analyse and understand business problems, critically evaluate business ideas from a customer and commercial point of view.

• Analyse specified problems and issues to find the best business and/or technical solutions. This includes assessing current and future state requirements from partners, performing gap analysis of change impacts, identifying target solutions and driving delivery of preferred options.

• Develop test approaches and execute testing to ensure changes to be implemented are performing as expected.

• Liaise with key partners (Business and Technology) within and outside Counterparty Risk in the capacity of a lead business analyst or project manager.

• Manage and deliver change initiatives using optimal approach and good practice; skills demonstrated include effective requirement gathering and analysis, planning, documentation, stakeholder management, issue resolution, testing and deployment.

• Deliver outcomes by managing self and/or others, work within established systems while continuously looking for improvement opportunities; use own judgment as to when complex issues require escalation.

• Develop network to source data and information to enable timely recommendations and advice. Engage with colleagues and teams, anticipating, clarifying and shaping requirements for the purpose of optimising business results.

• Work in other Counterparty Risk areas when required, including performing BAU Operational and/or Compliance activities

Why join us?

Join us and, give us your best, and well give you ours. Here, youll make a difference to customers, youll enjoy a fulfilling career where youre free to be yourself. Great colleagues, amazing workspaces, hybrid working and huge career opportunities-youll find them all here.

What were looking for:

• Proven working risk knowledge with 3-5 years experience in Counterparty Credit Risk function

• Knowledge of risk management practices, traded products (SFTs, Rates, FX, Credit, Inflation, Equity and structured products, etc) and knowledge of key risk measures (PFE, EE, EEPE, Settlement, etc).

• Experience with change lifecycle and Agile Scrum/Kanban delivery methods

• Strong problem-solving and analytical skills and good at information sharing and up-skilling others; can work both collaboratively and independently

• Communicate effectively, delivering complex information simply and concisely

And any of these would be great:

• Knowledge of Murex-MLC Counterparty Risk platform

• Knowledge and experience delivering Regulatory and transformational changes

• Knowledge of Market Risk

• Advanced use of Microsoft Office suite

• Advanced use of VBA and SQL

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and were committed to creating an environment in which everyone can thrive, learn and develop.

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

A generous pension contribution of up to 15%

An 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

A range of wellbeing initiatives and generous parental leave policies

Ready for a career where youll learn and thrive? Apply today and find out more.

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 were building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.