Senior Software Engineer

Lloyds Banking Group; City Of London; Hybrid; GBP 85,000 - 127,000; Full time

Benefits offered by this job

Pension 15%

Annual bonus

Share schemes

Discounts

30 days holiday

Wellbeing program

Job summary

Lloyds Banking Group is seeking a Senior Software Engineer in London to lead the design, optimisation, and evolution of a market risk calculation and reporting platform. You’ll drive cloud-native risk data platforms and work with Risk, Analytics, Trading, and Tech teams to deliver scalable solutions.

We expect expertise in risk engines, SaaS-style data processing, and cross-functional leadership for major platform modernisation initiatives while maintaining production SLAs.

Qualifications

• Deep market risk and regulatory knowledge.
• Experience designing and optimising large-scale risk engines.
• Proficient with cloud-native data platforms and SQL databases.

Responsibilities

• Lead design and evolution of risk calculation and reporting platform.
• Architect scalable cloud data platforms for risk metrics.
• Collaborate with Risk, Analytics, Trading, and Tech teams to deliver solutions.
• Provide technical leadership for platform modernisation and resilience.

Skills

Market Risk

Advanced Risk Engine SME

Cloud-native data

Azure SQL

Murex & Summit

Tools

SQL Server

Job description

End Date Friday 13 November 2026

Salary Range £84,624 - £126,936

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 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 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

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.