# Senior Manager - Trade & Ops Risk Modelling at Lloyds Banking Group

Lloyds Banking Group is hiring a Senior Manager - Trade & Ops Risk Modelling in London, United Kingdom. It pays £122k-£144k a year and Level rates it Little AI ●○○○; you can [apply on Lloyds Banking Group](https://jobsbylevel.com/go/4e65345d-336f-4e3c-aa94-bf41d3995181?utm_medium=ai-agent).

AI Level 1, AI centrality 35 out of 100. London.

## Details

- Company: [Lloyds Banking Group](https://jobsbylevel.com/companies/lloyds-banking-group)
- AI level: AI Level 1 (score 35 out of 100)
- Location: London
- Salary: £122k-£144k
- Posted: October 20, 2026
- Apply: https://jobsbylevel.com/go/4e65345d-336f-4e3c-aa94-bf41d3995181?utm_medium=ai-agent

## Description

End Date Wednesday 21 October 2026 Salary Range £122,009 - £143,540 We support flexible working – click here for more information on flexible working options Flexible Working Options Flexibility in when hours are worked, Hybrid Working, Job Share, Reduced Hours Job Description Summary Title: Senior Manager - Internal Model Method (IMM) Location: 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 Job Description The role sits within the Traded & Operational Risk Modelling (TORM) team within Financial Risk, where you'll join a collaborative team with deep expertise in financial risk modelling and play a leading role in shaping a strategically important capability for the Group. We’re looking for a highly motivated and experienced quantitative risk professional with direct IMM and Counterparty Credit Risk modelling experience, alongside a track record of delivering complex modelling or regulatory change initiatives. Success in this role will require strong collaboration skills and the ability to work effectively with a broad range of stakeholders across Risk, Finance, Technology and Front Office functions. The Role: Direct experience of Internal Model Method (IMM) development and/or regulatory approval activities is essential for this role. The role will involve leading modelling workstreams, influencing senior stakeholders, shaping methodology decisions and contributing to a major regulatory capital transformation programme. We’re looking for an experienced Counterparty Credit Risk modelling specialist to lead the development, enhancement and implementation of key components of Lloyds Banking Group's Internal Model Methodology (IMM) framework for Counterparty Credit Risk, supporting regulatory capital calculations, PRA submission activities, and the transition from standardised methodologies towards risk-sensitive internal models. The role combines quantitative modelling, regulatory interpretation, model governance and stakeholder engagement to deliver a robust IMM framework that satisfies regulatory requirements whilst supporting business growth and effective risk management. Key responsibilities will include: Lead the development and enhancement of IMM methodologies for Counterparty Credit Risk. Deliver quantitative analysis supporting model approval and regulatory submissions. Engage with Model Validation, Audit and Regulatory stakeholders throughout the model lifecycle. Produce and maintain technical documentation, methodology papers and governance artefacts. Support model performance monitoring, backtesting and ongoing model enhancements. Collaborate across Risk, Finance, Technology and Front Office teams to deliver strategic modelling solutions. Mentor and support junior modelling colleagues. Essential skills & experience: Direct experience of Internal Model Method (IMM) development and/or regulatory approval activities within a banking environment, including knowledge of Basel Counterparty Credit Risk regulations and IMM requirements. Strong collaboration skills , communicating technical concepts clearly to help build relationships and influence diverse audiences. A proactive growth mindset, striving to challenge, simplify and improve existing ways of working through automation, visualisation, and alternative methodologies. Ability to adapt to changing priorities and work effectively in a team environment. Experience of Monte Carlo simulation methodologies and exposure modelling. Experience interacting with model validation and governance teams. Experience supporting regulatory model submissions. Knowledge of derivative products, collateral and margining. Python or equivalent quantitative programming capability. About working for us: We’re committed to building a more inclusive, sustainable future. We’ve set bold goals on diversity and inclusion and continue to create an environment where everyone can

The description is cut here. Read the full offer: https://jobsbylevel.com/jobs/senior-manager-trade-ops-risk-modelling-at-lloyds-banking-group-4a5533

Source: https://jobsbylevel.com/jobs/senior-manager-trade-ops-risk-modelling-at-lloyds-banking-group-4a5533

## Cite this page

Level. https://jobsbylevel.com/jobs/senior-manager-trade-ops-risk-modelling-at-lloyds-banking-group-4a5533.

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