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Job Description Summary

Job Description

JOB TITLE: 153930 Senior Manager, Financial Valuation Control (FVC) Non-Trading

SALARY: £92,701 - £109,060

LOCATION(S): Edinburgh

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 office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.

What you’ll be doing

This is a new role, with Lloyds Banking Group Commercial Banking Finance, as part of the Finance Valuation Control (FVC) function in Edinburgh.

FVC operates as a centre of excellence for product and valuation control including daily P&Ls, independent price testing, balance sheet control, prudential valuations and risk assurance.

FVC provides critical assurance for transparent and well‑controlled fair and prudent valuations that underpin financial reporting, regulatory compliance and balance sheet integrity. Whilst it sits within Commercial Banking Finance, it provides services to all divisions within the Group. FVC divides between teams focused on Trading Product Control, Treasury Product Control, Trading Valuations, Non-Trading and Risk Assurance.

The FVC Non‑Trading team is responsible for fair value production and/or oversight for the Insurance and Retail divisions, as well as for non-regulated Group entities (outside Lloyds Development Corporation). The team also delivers integrated control services for more complex loan and capital markets activities, particularly those operating with risk‑distribution models. This includes oversight of illiquid balance sheet instruments measured at Fair Value within the regulatory Banking Book.

Key responsibilities…

Valuation Oversight and Prudential Valuation

• Lead the Independent Price Verification (IPV) cycle across FV designated loans, capital markets and issuance portfolios.

Product & Financial Control

• Oversee any daily P&L requirements for businesses ensuring reporting is timely and supported by attribution commentary.

• Oversee month‑end and quarter‑end ledger and financial control processes, ensuring completeness, accuracy and timeliness.

Stakeholder Engagement & Governance

• Engage with the business teams for Loan Markets, Capital Markets, Capital Issuances and for Non-Core Assets on the delivery of results and services from the team.

Leadership & Team Management

• Lead, coach and develop a team of valuation and product control specialists.

Change, Projects, Automation & Simplification

• Support onboarding of new fair value models and enhancements to existing models.

Why join us?

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.

What we’re looking for?

The role is for a finance, banking professional, with 5+ years of experience, with specialist knowledge of structured finance markets, fair value techniques for financial instruments, and a track record of successful product control.

You'll be able to be demonstrate the following attributes and behaviours:

• A financial control champion, able to identify, handle and address control events or gaps as they arise in a fair value, banking environment.
• A team leader, who takes responsibility and accountability for their areas of focus and guides and develops their team within an open feedback culture.
• A credible and trusted partner to business heads, who is a customer orientated, with a commercial understanding of the wholesale banking market and a proven ability to productively influence the outcome of relevant business decisions
• A force in driving change, transforming processes and delivering at pace, utilising available innovation tools effectively.
• A team player that builds effective relationships and collaboration across Finance and our partner functions and contributes to the wider management of their department.

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

This is a place for you!

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

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.​

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.​

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

Ready to make an impact? Apply today.

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.