{"id":3419527,"url":"https://alion.io/job/lloyds-banking-group-senior-software-engineer-2","title":"Senior Software Engineer","company":{"id":449907,"name":"Lloyds Banking Group","domain":"lloydsbankinggroup.com","url":"https://alion.io/company/lloyds-banking-group","size_band":"5000+","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"A","score":100,"open_postings":3,"ghost_share":0,"stale_share":0,"repost_share":0.333,"time_to_fill_p50_days":15,"computed_at":"2026-10-29T05:49:05Z"}},"role":"Backend","role_family":"Backend","seniority":"senior","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["London, United Kingdom"],"countries":["GB"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":84624,"max":126936,"currency":"GBP","period":"year","gross":null,"usd_annual":168937},"salary_estimate":null,"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Agile","optional":false},{"name":"Azure SQL Database","optional":false},{"name":"ETL/ELT","optional":false},{"name":"SQL","optional":false}],"status":"live","first_seen_at":"2026-10-28T20:34:15Z","employer_posted_date":"2026-10-28","last_verified_at":"2026-10-29T01:25:32Z","board_verified":true,"closed_at":null,"days_open":0,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":0},"description":"End Date\nFriday 13 November 2026Salary Range\n£84,624 - £126,936We support flexible working - click here for more information on flexible working options\nFlexible Working Options\nHybrid Working, Job ShareJob Description Summary\n.Job Description\nJOB TITLE: Senior Software Engineer\nSALARY: £84,624-£105,780\nLOCATION(S): London\nHOURS: Full-time\nWORKING 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\nWhat you’ll be doing:\nLeading the design, optimisation, and ongoing evolution of the bank's Market Risk calculation and reporting platform, supporting Historical Simulation VaR, Stressed VaR (sVaR), intraday risk, and regulatory reporting requirements.\nArchitect and optimising large-scale cloud-native risk data platforms, ensuring the timely, accurate, and resilient production of risk measures across billions of records and multiple asset classes. \nPartnering with Market Risk, Quantitative Analytics, Trading, and Technology teams to translate mathematical and regulatory requirements into scalable production solutions.\nProviding technical leadership for strategic platform modernisation initiatives, including risk engine simplification, cloud migration, performance improvement, data platform optimisation, and operational resilience enhancements. \nActing as a senior delivery lead and subject matter expert, guiding agile delivery teams, managing complex dependencies, and ensuring successful execution of business-critical risk programmes.\nWhy join us?\nWe’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.\nWhat we’re looking for:\nMarket Risk Domain Expertise & Quantitative Expertise\nAdvanced Risk Engine SME: Extensive experience analysing, designing, and optimising massive Historical-Simulation VaR and Stressed VaR (sVaR) engines. Deep domain knowledge of risk sensitivities, standalone versus contributory VaR reporting, and intraday VaR calculation methodologies.\nComplex Model Migration & Proxying: Proven track record of executing complex risk model migrations, specifically transitioning from broad sector, seniority, and ratings-based averages to precise, granular ISIN-driven approaches using sophisticated proxy methodologies for incomplete market data.\nRegulatory & Benchmark Transition: Direct experience navigating major structural and regulatory market shifts, such as IBOR/RFR transitions, and delivering mandated changes, including FDSF - Firm Data Submission Framework - into core risk systems without disrupting production SLAs.\nHigh-Performance Risk Architecture & Cloud-Native Data Platforms\nDeep SQL Server and Azure SQL Hyperscale expertise, including performance tuning, execution plan analysis, partitioning, clustered column store optimisation across billions of rows, ETL architecture, and large-scale analytical processing.\nFront-to-Back Cross-Asset Platform Integration: Technical familiarity with core enterprise trading, valuation, and risk platforms, specifically Murex and Summit, including STP pipeline configuration, MUST functionality for complex structured derivatives, cross-entity ledger migrations, and front-to-back valuation and risk reconciliations.\nStrategic Delivery Leadership & Tactical Execution\nBridges Quants, Risk, and Core IT: Exceptional ability to drill into the underlying mathematics of a VaR change alongside Risk Managers and Quants, translate those needs into precise technical requirements, and build the automated integrity tools required for robust release testing.\nWe 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.\nThis is a place for you\nOur 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.\nWe 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.\nWe offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.\nWe provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.\nWe also offer a wide-ranging benefits package, which includes:\nA generous pension contribution of up to 15%\nAn annual performance-related bonus\nShare schemes including free shares\nBenefits you can adapt to your lifestyle, such as discounted shopping\n30 days’ holiday, with bank holidays on top\nA range of wellbeing initiatives and generous parental leave policies\nReady to make an impact? Apply today.\nAt 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.\nWe 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.\nWe'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. 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