The Role
Lead the design, optimization, and modernization of a cloud-native market risk platform supporting VaR, stressed VaR, intraday risk, and regulatory reporting. Architect high-performance data solutions across billions of records, integrate trading and risk platforms, and translate quantitative and regulatory requirements into production systems. Provide technical leadership for migrations, performance improvements, operational resilience, and agile delivery while partnering with Market Risk, Quantitative Analytics, Trading, and Technology teams.
Summary Generated by Built In
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Hybrid WorkingJob Description Summary
What you'll do…Lead 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 optimise 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.
Partner with Market Risk, Quantitative Analytics, Trading, and Technology teams to translate mathematical and regulatory requirements into scalable production solutions.
Provide technical leadership for strategic platform modernisation initiatives, including risk engine simplification, cloud migration, performance improvement, data platform optimisation, and operational resilience enhancements.
Act 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.
Location: Hyderabad
Mode: Hybrid
YOE: 9-14 years
Job Description
Critical Skills Required…
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.
Skills Required
- 9-14 years of professional experience
- Extensive experience designing and optimizing Historical Simulation VaR and Stressed VaR engines
- Deep knowledge of risk sensitivities, standalone and contributory VaR reporting, and intraday VaR methodologies
- Experience executing complex risk model migrations using granular ISIN-driven approaches and proxy methodologies
- Experience with IBOR/RFR transitions and FDSF regulatory changes
- Advanced SQL Server and Azure SQL Hyperscale expertise
- Experience with performance tuning, execution plan analysis, partitioning, clustered columnstore optimization, ETL architecture, and large-scale analytical processing
- Technical familiarity with Murex and Summit, including STP pipelines, MUST functionality, ledger migrations, and valuation and risk reconciliations
- Ability to translate quantitative and risk requirements into technical requirements and automated integrity tools
- Technical leadership and agile delivery experience
Lloyds Technology Centre Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Lloyds Technology Centre and has not been reviewed or approved by Lloyds Technology Centre.
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Healthcare Strength — Benefits are described as comprehensive, including group medical insurance with outpatient, dental, and eye-care, plus accident and life coverage. Family coverage reportedly extends to spouses, children, parents, and in-laws, enhancing perceived value.
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Flexible Benefits — Compensation structures include flexi-pay allowances for housing rent, travel, books, education, and phone/internet. Flexible working arrangements and variable hours are noted, though availability depends on role.
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Wellbeing & Lifestyle Benefits — Workplace perks such as free meals, corporate transport, and relocation assistance are commonly highlighted as meaningful additions. Learning platforms and development programs further contribute to overall lifestyle and growth support.
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The Company
What We Do
Lloyds Technology Centre is the Global Capability Centre of Lloyds Banking Group, based in Hyderabad, India. It functions as a tech and data company providing engineering expertise in cloud computing, data analytics, and cybersecurity. The centre supports the digital transformation of Lloyds Banking Group, a leading UK financial services provider, and operates primarily in the IT services and consulting sector.
