Quantitative Model Development- Associate Director

We're hiring a quantitative modelling specialist to develop credit risk and pricing models across loans, bonds and securitised products. This role focuses on mark-to-market valuation, capital risk transfer and portfolio optimisation within a business and commercial banking environment. The distribution team is responsible for building quantitative methods and tools to support market pricing of assets (MTM), capital risk transfer modelling and the execution of Collateral Debt Obligations (CDOs). The role offers the opportunity to work collaboratively and further develop your technical expertise within a high-performing team.What you'll be doing:

• Develop quantitative models and tools for pricing loans, bonds and CDOs
• Support methodologies for mark-to-market (MTM) valuation, distribution and hedging transactions
• Apply advanced techniques in credit risk modelling and quantitative analytics
• Research and implement improvements to modelling approaches and tooling
• Demonstrate new ideas to enhance quantitative modelling capability
• Work closely with market and business specialists to assess risk and establish pricing benchmarks
• Identify opportunities to support portfolio optimisation and capital efficiency
• Contribute to credit risk transfer and securitisation transactions, 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.
  
  Strong mathematical or quantitative background (e.g. MSc/PhD in Mathematics, Statistics, Physics)
• Experience in credit risk modelling, pricing or valuation within financial services
• Proficiency in Python and C#, with advanced Excel skills
• Knowledge of structured finance (e.g. CDOs) or credit hedging
• Experience with mark-to-market (MTM) or IFRS9 valuation methodologies
It would also be useful if you had:
• Experience developing models for loan pricing, CDO pricing and credit portfolio management
• Experience working with Model Risk or Model Validation teams
• Calibration of multi-factor credit risk models
• Application of machine learning techniques in financial modelling or forecasting
• Use of optimisation techniques, such as linear programming, for portfolio 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.

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.

We 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. We 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. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.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