Head of Product Control

time left to apply End Date: January 24, 2025 (30+ days left to apply) End Date Thursday 23 January 2025 Salary Range £111,469 - £131,140 We support flexible working – click here for more information on flexible working options Flexible Working Options Job Share Job Description Summary At Lloyds Banking Group, we have a clear purpose; to help Britain prosper. What we do makes a genuine difference to families, businesses, and communities as we play a central role in creating a thriving UK economy. Using the Group Values, together we will deliver our strategic vision of Helping Britain Prosper. We do this by creating a more sustainable and inclusive future for people and businesses, shaping finance as a force for good! Finance Valuation Control (FVC) supports the purpose by creating and maintaining effective control and governance over the valuation and disclosures associated with all Fair Value products held on the LGB balance sheet. This involves daily reporting of profit and loss, verifying prices independently, and overseeing core valuation meetings with internal and external customers. Job Description The Head of Product Control is responsible for coordinating a team of technical finance specialists. They are in charge of leading all aspects of the daily P&L production for both the trading desks and treasury desks of LBG. They report to the Finance Director for Finance Valuation Control. Using your keen eye for detail and strong technical knowledge you’ll lead a team that brings together, interprets, and analyses multiple streams of financial information to calculate, explain and provide commentary on all daily P&L associated with a busy trading desk. You will also represent the function at senior internal and external meetings discussing daily P&L and trading controls. The role is a Key Leadership role within FVC, requiring strong leadership skills to actively support and contribute to the delivery of the Group and FVC strategy. This includes shaping operating models, influencing important team members, and contributing to planning and business decision-making by providing insight, control and thought leadership. Your main responsibilities will include: Being the trusted advisor to senior stakeholders for all product control activities, controls, and practices; Owning the production of daily P&Ls and explaining movements whilst maintaining outstanding levels of documentation and governance; Using your expertise in technical accounting, valuation methodologies, and industry standard processes for product control to craft the future vision of FVC; Leading on the support of business process reviews across FVC. What skills are required? We are looking for a qualified accountant who has demonstrated their expertise through a diverse range of senior roles in the banking and financial services industry; The ideal candidate should possess significant experience in traded products, valuation methodologies, and daily P&L production/explanation. This should include expertise in Fixed Income, Credit, xVA, and medium- and short-term Funding; The ability to develop strong working relationships and influence at senior levels internally and externally; Proven leadership skills, with a track record of managing and leading successful teams; An inquisitive personality with a desire to challenge how we do things. We're an equal opportunity employer and deeply value diversity within our organisation. We recognise the importance of flexibility and as a team we work in a hybrid way with a minimum of 2 days a week in the office. The Product control team is Edinburgh based, and we would expect the role to include significant local presence (working from London will be considered). We will 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. 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. About Us

For over 320 years we’ve been making a difference to the lives of customers, businesses and communities. With us, you’ll be helping Britain prosper. You’ll be part of an ever-changing industry, playing a key role in shaping the financial services of the future whilst supporting our customers’ changing needs.

#J-18808-Ljbffr