Banking & Financial Services

Credit and Actuarial Development Manager

Full Time

At Lloyds Banking Group, we have a clear purpose: Helping Britain Prosper and becoming the best bank for customers, colleagues and shareholders. What we do makes a genuine difference to families, businesses and communities. Finance is key to that success by securing and building the financial strength and performance of the Bank.

You’ll be joining us working with Insurance Finance, within the Credit and Actuarial Development Team. We’re responsible for how we value, assign credit ratings to and hold capital against credit assets used to back annuities (e.g. bonds and loans).

As a Manager in this team, your responsibility will be to understand the risks posed by new asset classes and to develop our modelling framework to allow for them. This work underpins the growth ambitions of the business, with your work directly supporting the ability of the bulk annuities proposition to provide competitive products to customers. Your remit will also include driving continuous improvement within the team to ensure that ongoing maintenance of methodologies, calibrations and models remains efficient.

Our team works out of our London and Edinburgh hubs, therefore ideally you’ll be based a commutable distance from one of these areas however, location can be flexible for this role due to new ways of working. We work in a hybrid model, splitting our time between the office and working from home but colleagues have flexibility to choose where they work from.

Would you like to further develop your Actuarial career, working with and learning from experts across a range of specialisms?

Every day will be different, but things you can expect to be responsible for include:

  • Understanding the risks faced from investment in a new asset class, based on your own research and discussions with colleagues from the investment and annuity proposition teams

  • Scoping and performing analysis to quantify these risks, focusing on what matters

  • Using your judgement to propose a way forward when there is no objective right answer and seeking challenge from others to validate these

  • Helping others understand our approaches to risk modelling and the implications for how we should treat new assets

  • Summarising and presenting complex technical information

  • Writing clear proposals and getting these approved

What you’ll bring to this role?

You need to be:

  • A qualified Actuary

  • Commercially minded

  • Proficient in Microsoft Excel

  • And desirable that you have:

  • Knowledge of R

  • Experience of assumptions and methodology for modelling risks relating to assets

We’re searching for people who combine a growth mindset and a hunger to learn with well-honed analytical skills, great attention to detail and who can communicate credibly and clearly to colleagues and partners at all levels.

We’ll give you a broad remuneration package which includes:

  • A Discretionary Performance Share Award
  • Generous pension contribution

  • 30 Days leave plus bank holidays

  • A flexible cash pot (4% of base salary) to spend on benefits

  • Private health cover

  • Access to share Schemes

It’s a really exciting time to join LBG. Together we’ll continue our market leading, ground breaking transformation and you’ll help us realise the Group’s vision. Here, you’ll grow as a person and develop your career.

In return for your expertise, you’ll enjoy our total dedication to your ongoing personal and professional development.

So if you have the skills we’re looking for, we’d love to hear from you… We’ll help you perform at your best today, so you can fulfil all your potential in the future. We know that success is built from the inside out through our people. Our customers’ experience and success starts with yours.

Lloyds Banking Group is committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We’re an equal opportunity employer and deeply value diversity within our organisation.

We’ll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Did you know we’ve won awards?

We’ve gained industry recognition including Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard 2014 from the Business Disability Forum and Top 50 Employer for Women.

Reference: 1475764672