Trading & Treasury Market Risk Manager

Lloyds Bank plc; Greater London; Hybrid; GBP 60,000 - GBP 80,000; Full time

Job summary

A leading UK banking institution seeks a Trading & Treasury Market Risk Manager in London. This role involves overseeing trading activities, providing independent risk analysis on business proposals, and shaping the market risk framework. The ideal candidate will have over 8 years of market risk experience and strong technical skills in areas such as derivative pricing and market dynamics. The position offers a hybrid working model and a comprehensive benefits package.

Benefits

Generous pension contribution

Annual performance-related bonus

30 days’ holiday plus bank holidays

Wellbeing initiatives

Qualifications

• 8+ years of experience in a market risk or adjacent role.
• Deep end-to-end understanding of derivative pricing and xVA methodologies.
• Excellent written and verbal communication skills.

Responsibilities

• Oversee trading desk activity across various asset classes.
• Provide independent risk analysis on new product propositions.
• Shape and enhance the Group’s market risk framework.

Skills

Derivative pricing

Market risk metrics

Technical communication skills

Excel

Python

SQL

Problem-solving

Tools

VBA

MS applications

Job description

Trading & Treasury Market Risk Manager page is loaded## Trading & Treasury Market Risk Managerlocations: Londontime type: Full timeposted on: Posted Yesterdaytime left to apply: End Date: February 18, 2026 (13 days left to apply)job requisition id: 150553**End Date**Tuesday 17 February 2026**Salary Range**£0 - £0**Flexible Working Options**Hybrid Working, Job Share**Job Description Summary**.**Job Description****JOB TITLE:** Trading & Treasury Market Risk Manager**LOCATIONL:** 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 hub locations.**About this opportunity**An exciting opportunity has arisen in the Treasury & Trading Market Risk team within Lloyds Banking Group. We are looking for an experienced market risk professional with strong technical skills and a deep product understanding with a particular focus on xVA risks.**Day to day, you will:*** Oversee trading desk activity across a variety of asset classes including rates, FX, credit, repo, and xVA, and use your deep product knowledge to ensure that risk taken is appropriately controlled.* Provide independent risk analysis on business proposals and activity, e.g. new product propositions, complex transactions and risk appetite* Provide independent oversight on market risk and xVA capital adequacy and accuracy* Use your technical communication skills to ensure that senior stakeholders within the Group understand the risks that are being taken* Shape and enhance the Group’s market risk framework — strengthening policies, risk appetite, methodologies, and the broader control environment* Develop and maintain a high level of technical knowledge on a variety of asset classes as well as a strong understanding of market dynamics* Contribute as a market risk SME on internal and regulatory change projects* Contribute to developing the team’s insight and analysis tools using VBA and Python* Support and develop junior risk managers, helping build a strong pipeline of technical expertise in the team* Collaborate effectively with key stakeholders including Trading, Finance and Quant teams**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. Including you**What you’ll need:*** 8+ years of experience in a market risk, or market risk adjacent role* A deep end-to-end understanding of derivative pricing, market risk, capital requirements and xVA methodologies* A strong understanding of market risk metrics and their uses within a bank setting* Excellent written and verbal technical communication skills* A track record of building and maintaining effective working relationships across different functions* A strong working knowledge of Excel and other MS applications, Python, and query languages (SQL, MDX)* Strong problem-solving skills, and the ability to learn quickly and adapt to new challenges.**About working for us**Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. 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. And it’s why we especially welcome applications from under-represented groups. We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.**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.**With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers.Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.