JOB TITLE: Finance Assistant Manager - Valuations and Control
SALARY: £44,900 - £49,890
LOCATION: Edinburgh
HOURS: Full time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40 percent of our time, at our Edinburgh office.
About this opportunity
Finance Valuation Control (FVC) sits within Commercial Banking Finance and is the centre of excellence for valuation oversight and independent price verification across Lloyds Banking Group. You will join our Specialist Valuation team which works closely with teams covering Derivatives and Prudential Valuations, Insurance, Change and End User Developments. Together we support valuations for a wide range of banking book exposures including private equity, investment property, credit assets, facilities, securitisation and valuation adjustments.
As the business grows and new fair value models are introduced, this role strengthens valuation controls, enhances management information and contributes to improvements across our valuation approach.
Day to day, you will:
· Support the independent price verification of all pricing parameters used in valuation reporting for your assigned portfolios and models
· Prepare and present clear commentary on valuation results, trends and observations to Finance, Risk and Business teams
· Demonstrate a commercial view to fair value drivers to aid forecasting and scenario analysis
· Improve processes, streamline analysis and enhance management information
· Engage in business development where new assets require fair value measurement and assess the implications of different IFRS classifications
· Support maintenance of documentation for valuations and IPV activities, ensuring controls and methodologies are kept current
· Deliver papers and governance for meetings including the Valuation Committee
· Work alongside valuation specialists to support discussions on valuation risk
· Help manage internal and external audits related to valuation activities
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:
· Experience in banking or financial markets, ideally within finance or product control
· An understanding of financial mathematics including yield curve construction and discounted cashflow techniques
· Strong Excel capability
· The ability to collaborate effectively with colleagues and partners
And any experience of these would be really useful:
· Experience coding in VBA, SQL, Python or other languages
· Experience working with auditors or supporting SOX controls
· Accounting or financial analyst qualifications
· Knowledge of the Totem Consensus service
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
• 28 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies
Ready to start growing with purpose? Apply today
