Senior IMM & Counterparty Risk Modelling Lead

Lloyds; Greater London; Hybrid; GBP 90,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Pension plan

Flexible working

Job summary

Lloyds Banking Group is seeking an experienced quantitative risk professional to lead IMM development and Counterparty Credit Risk modelling within the Traded & Operational Risk Modelling team. You will drive complex modelling initiatives, engage with senior stakeholders across Risk, Finance, Technology and Front Office, and influence methodology decisions to support regulatory capital transformations.

The role requires strong collaboration, experience in IMM and regulatory approvals, and a

Qualifications

• Experience with Internal Model Method (IMM) development in a banking environment.
• Direct experience with IMM regulatory approvals and Basel Counterparty Credit Risk requirements.
• Strong collaboration and stakeholder engagement across Risk, Finance, Tech and Front Office.

Responsibilities

• Lead modelling workstreams and influence methodology decisions.
• Deliver quantitative analysis to support model approval and regulatory submissions.
• Engage with Model Validation, Audit and Regulatory stakeholders throughout the lifecycle.
• Produce and maintain technical documentation and governance artefacts.
• Support model performance monitoring and backtesting; mentor junior colleagues.

Skills

IMM development

Counterparty Risk

Python

Regulatory submissions

Monte Carlo methods

Tools

Python

Job description

Lloyds Banking Group is seeking an experienced quantitative risk professional to lead IMM development and Counterparty Credit Risk modelling within the Traded & Operational Risk Modelling team. You will drive complex modelling initiatives, engage with senior stakeholders across Risk, Finance, Technology and Front Office, and influence methodology decisions to support regulatory capital transformations.

The role requires strong collaboration, experience in IMM and regulatory approvals, and a