Counterparty Credit Risk Implementation Lead (FTC)

Lloyds Banking Group; Greater London; Hybrid; GBP 110,000 - 150,000; Full time

Benefits offered by this job

Pension 15%+

Annual bonus

Share schemes

Discounts

30 days holiday

Job summary

Lloyds Banking Group is seeking a Counterparty Credit Risk Implementation Lead (FTC) in London. The role leads complexCCR initiatives, translating regulatory expectations into robust risk models, data, controls and technology outcomes.

You will work with Risk, Finance, Technology and business teams to shape implementation direction, provide evidence-based guidance and ensure governance-aligned results.

Qualifications

• Deep counterparty credit risk expertise, including exposure measurement and modelling concepts.
• Ability to interpret regulatory requirements and translate into practical guidance.
• Credible in governance forums and risk-transformation initiatives.

Responsibilities

• Act as principal CCR SME and main contact for regulatory and implementation matters.
• Interpret requirements and set practical positions for risk methodologies and data.
• Define technical direction and acceptance criteria for implementations.
• Review proposed solutions, identify gaps and risk implications.
• Lead cross-functional collaboration across Risk, Finance, Tech and business.

Skills

CCR expertise

Regulatory knowledge

risk modelling

Data interpretation

Job description

End Date

Tuesday 29 September 2026

Salary Range

£0 - £0

We support flexible working - click here for more information on flexible working options

Flexible Working Options

Hybrid Working

Job Description Summary

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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 for a 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 thatgreat talentcomes 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

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.