Counterparty Credit Risk Implementation Lead (FTC)
End Date
Tuesday 29 September 2026Salary Range
£0 - £0We support flexible working - click here for more information on flexible working options
Flexible Working Options
Hybrid WorkingJob Description Summary
.Job Description
JOB TITLE: Counterparty Credit Risk Implementation Lead (FTC)
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 one of our office sites.
Join the Traded Risk Evolution and Calculation team asCounterparty Credit RiskImplementationSME Lead.You’llact as the principal subject-matter expert and primary point of contact fora strategically importantenhancement to the Group’scounterparty credit riskcapabilities.You’llinterpret complex regulatory and technical requirements,establishclear risk positions and guide teams in translating them into robust models, data, processes,controlsand technology outcomes.
About this opportunity
This is an opportunity tobecome the recognised counterparty credit riskleadfora strategically important change within Financial Risk,shapinghowriskis measured,handledand governed.
You’llprovide authoritative subject-matter leadership across regulatory interpretation, exposure measurement, modelling, data,controlsand front-to-back risk processes. Working closely with Risk, Finance, Technology,Transformationand business teams,you’llresolve complex questions, set implementation direction, challenge proposed solutions and ensure outcomes are technically sound,consistentand aligned with regulatory expectations.
Key Responsibilities:
Act as the principal counterparty credit risk subject-matter expert and first point of contact for technical, regulatory and implementation matters
Interpret regulatory requirements andestablishclear, practical positions for their application across risk methodologies, models, data, systems,processesand controls
Set the technical direction for implementation, defining expected outcomes, key designprinciplesand acceptance criteria
Provide effective review and challenge of proposed solutions,identifyinggaps,inconsistenciesand unintended risk consequences
Resolve complex counterparty credit risk questions and provide clear, evidence-based recommendations to senior collaborators and governance forums
Connect specialists across Risk, Finance, Technology,Dataand the business, ensuring decisions reflect a coherent front-to-back risk view
Lead the development of high-quality technical documentation, regulatory evidence, policies,standardsand implementation guidance
Build counterparty credit risk capability across the organisation through coaching, knowledgesharingand effective engagement with senior and non-technical audiences
Why join us?
We’re transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey.
Whatyou’llneed:
Deep counterparty credit riskexpertise, including exposure measurement, risk drivers, modelling concepts, traded products and the associated prudential framework
Proven experience acting as a senior subject-matter expert on complex counterparty credit risk, model, regulatory or risk-transformation initiatives
Strong ability to interpret complex requirements, form defensible technical judgements and translate them into practical implementation guidance
Credibility to provide constructive challenge, influence senior collaborators and represent counterparty credit risk matters in governance forums
Excellent communication skills, with the ability to explain complex risk concepts clearly to technical and non-technical audiences
A strong understanding of the interaction between risk methodologies, models, data, technology,controlsand front-to-back operating processes
Strongunderstanding of key CCR exposure and capital models such as PFE, IMM, SACCRand desirable if knowledge of XVA pricing
Good understanding of Traded Products
And any experience of these would bereally useful:
Experience shaping the technical interpretation and implementation of a significant counterparty credit risk or material model change
Detailed understanding of counterparty credit risk models, regulatory permissions, modelgovernanceand supervisory expectations
Experience supporting regulatory submissions, remediation activity or direct engagement with regulators and independent assurance teams
Familiarity with the data and technology architecture supporting counterparty credit risk measurement and management
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 we’re 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
Ifyou’reexcited by the thought of becoming part of our team, get in touch.We’dlove 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.