Rates E-Trading Strat

Job Title: Rates E-Trading Strat

Location: London

Hours: Full-Time

Working Pattern: Our work style is hybrid, which involves spending at least four days per week or 80% of our time, at our London office.

About this Opportunity:

An opportunity has arisen within Lloyds Banking Corporate Markets (LBCM) Global Markets to join our Rates Strats team. Global Markets is the customer-facing Rates, Foreign Exchange (FX) and Commodities sales and trading business. As our business and electronic trading capabilities continue to develop, you’ll help improve how we price, trade and handle risk across our Rates business.

Working closely with the Rates trading desks, you’ll develop and enhance Rates curve construction and pricing models, using your understanding of market instruments and conventions to support the pricing and risk management of Rates products. You’ll also build risk and trading tools that give traders greater insight into positions, exposures and profit and loss (P&L), helping them see opportunities and make informed trading and risk-management decisions.

You’ll contribute to our electronic and algorithmic trading capabilities, including electronic pricing, market-making and execution tools, alongside the analytics, monitoring and controls that support them.

You’ll use market and trading data to develop pricing and relative-value metrics, trading signals and practical solutions supporting products including interest-rate swaps, inflation swaps and government bonds.

Partnering directly with traders, you’ll translate market and business requirements into robust models, tools and technology. You’ll also find opportunities to automate and simplify trading and risk-management workflows, taking ownership of improvements and working with colleagues across Global Markets, Quantitative Research, Engineering and our control teams to deliver resilient solutions, maintain appropriate documentation and support relevant governance processes.

Why Lloyds Banking Group?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone, make change happen and challenge the status quo. Sound like you?

What we’re looking for?

• 5+ years’ experience with the pricing and risk of Rates products, ideally including interest-rate swaps, government bonds and/or inflation products, together with experience of pricing, risk, P&L or other trading tools
• Proven understanding of Rates markets and how Rates products are priced, traded and risk-managed, including experience of interest-rate curve construction and modelling and the instruments and market conventions used to construct and calibrate curves
• Strong quantitative, analytical and problem-solving skills, with experience using market and trading data to understand problems and develop practical solutions
• Programming experience in one or more of Python, C#, Java or C++, including experience developing system components and services and using Software Development Lifecycle processes and tools
• Ability to work effectively with traders and colleagues across business and technical teams, translating market requirements into robust technical solutions and explaining market and technical concepts clearly
• Awareness of risk, control and conduct requirements, with an understanding of the wider financial services industry and relevant regulatory, economic and market developments

And any experience of these would be great:

• Experience using artificial intelligence (AI)-assisted tools to support research, analysis or software development
• Familiarity with Excel and Visual Basic for Applications (VBA)

We know that great talent comes from many backgrounds. Whilst this advert may reference specific experience, we recognise that skills are developed in different ways, so if you have relevant, transferable experience, we encourage you to apply.

About Working For Us:

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

Join us and grow with purpose!