# Senior Software Engineer at Lloyds Banking Group

Lloyds Banking Group is hiring a Senior Software Engineer in London, United Kingdom. It pays £85k-£127k a year and Level rates it Little AI ●○○○; you can [apply on Lloyds Banking Group](https://jobsbylevel.com/go/5f0c62f4-48fe-4feb-aa15-ddf2d8a9c14c?utm_medium=ai-agent).

AI Level 1, AI centrality 0 out of 100. London.

## Details

- Company: [Lloyds Banking Group](https://jobsbylevel.com/companies/lloyds-banking-group)
- AI level: AI Level 1 (score 0 out of 100)
- Location: London
- Salary: £85k-£127k
- Posted: October 28, 2026
- Apply: https://jobsbylevel.com/go/5f0c62f4-48fe-4feb-aa15-ddf2d8a9c14c?utm_medium=ai-agent
- Free CV review for this job: https://jobsbylevel.com/cv-review?job=senior-software-engineer-at-lloyds-banking-group-89a66f

## Prepare for this job

The job page lists 5 likely interview questions for this offer, with a CV checklist: https://jobsbylevel.com/jobs/senior-software-engineer-at-lloyds-banking-group-89a66f

## Description

End Date Friday 13 November 2026 Salary Range £84,624 - £126,936 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: Senior Software Engineer SALARY: £84,624-£105,780 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 What you’ll be doing: Leading 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. Architect 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. Partnering with Market Risk, Quantitative Analytics, Trading, and Technology teams to translate mathematical and regulatory requirements into scalable production solutions. Providing technical leadership for strategic platform modernisation initiatives, including risk engine simplification, cloud migration, performance improvement, data platform optimisation, and operational resilience enhancements. Acting 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. 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. What we’re looking for: Market Risk Domain Expertise & Quantitative Expertise Advanced 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. Complex 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. Regulatory & 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. High-Performance Risk Architecture & Cloud-Native Data Platforms Deep 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. Front-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. Strategic Delivery Leadership & Tactical Execution Bridges 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. 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

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Source: https://jobsbylevel.com/jobs/senior-software-engineer-at-lloyds-banking-group-89a66f

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