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Job Description

The Rates Trading desk is part of the Financial Markets business within Lloyds Bank Corporate Markets (LBCM). We provide LBCM clients' access to a range of Rates products as part of being a Gilt Edged Market Maker (GEMM) covering a variety of assets from government bonds to interest rate derivatives ranging from vanilla products to highly bespoke structured products.

We work collaboratively with sales to provide financial risk management solutions to our clients to support the growth of the business. Our focus is to continue to build out our product offering and client franchise through enhancing our technical architecture and developing stronger relationships with existing and new clients.

About the role:

The Rates Trading Team are looking for a trader to join the Conventional Gilt and medium term GBP swap team reporting into Brett Hipkiss. The role will require 3-6 years market making experience, excellent analytical and programming skills and a desire to assist the desk on both Gilt and GBP derivatives trading.

The financial landscape is constantly evolving, and we're continuing to adapt as the Rates markets becomes more digitised. Our traders need to be proficient in systems used across the Rates desk and Excel/VPA and able to upskill in new systems.

Having an in depth understanding of Financial Markets and a strong knowledge of Rates markets and products is vital. You must also be able to demonstrate detailed knowledge of the regulatory and conduct agenda and role model the right behaviours to achieve client outcomes and our objectives.

Skills and experience required:

It's an exciting time to join the desk as we enter a new Group strategy and growth period. The ideal candidate would have the desire to expand our GBP Flow franchise and to deliver our strategy and extensive relevant trading experience. The following are some of the attributes we expect from our team:

What we can offer you in return…

In addition to the competitive base salary you'll also receive:

Our continued commitment to helping Britain recover means that as a colleague you can make a difference to customers, businesses and communities. Together we have a key role to play in shaping the bank of the future, whilst the scale and reach of our Group means you'll continue to have opportunities to learn, grow and develop.

Together we make it possible.

We're also passionate about diversity and equal opportunity with industry recognition across gender, ethnicity, disability, LGBTQ+ and families. And, being disability confident, reasonable adjustments can be accommodated in our Recruitment process, just let us know.

This role is considered Certified under the Senior Manager and Certification Regime as either requiring mandatory qualifications or being deemed as a role capable of providing ‘significant harm’ to customers. Due to this, successful candidates will be subject to enhanced levels of vetting, and required to complete a fitness and propriety attestation on commencement in role. Colleagues performing this role will be required to be complete a fitness and propriety attestation on an annual basis and will also be subject to additional routine criminal and credit checks

As a certified colleague your details will be published on the FCA’s Financial Services Register

This role has been identified as a Client-dealing function under SYSC 27.8.18R as defined in the FCA Handbook

The Person (“P”) performs the client-dealing FCA certification function for a firm if:(1) P is carrying out any of the activities in the table in SYSC 27.8.19R; and(2) those activities will involve P dealing with:(a) a person with or for whom those activities are carried out; or(b) the property of any such person;in a manner substantially connected with the carrying on of regulated activities by the firm.

If you manage certified colleagues this role will be identified as Manager of certification employees under SYSC 27.8.13R as defined in the FCA Handbook(1) The function of managing or supervising a certification employee, directly or indirectly, is an FCA-specified significant-harm function.(2) A function in (1) is not an FCA certification function for that firm if it is performed by an SMF manager of that firm.

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.