Senior Product Owner, Rates

Job Title: Senior Product Owner – Rates

Location: London

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

About this opportunity

We’re currently seeking an experienced Product Owner to join the Sales & Trading Lab. This is a fantastic opportunity as you’ll have a direct impact on the Banks revenue streams, allowing you to learn unique commercial banking knowledge and expose you to a breadth of interesting products. You’ll be responsible for owning the vision and development for the Rates product, ensuring that business requirements are analysed, prioritised, and delivered whilst balancing the needs of customers, partners, and risk. You’ll support the business with their growth ambitions by implementing enhanced technology. This will include managing a multi-million pound project, delivering the implementation to agreed scope, cost, quality, and timescales. You'll also work with business partners to agree and realise project benefits.

Key Accountabilities:

• Realise product vision by leading a team to deliver product feature releases working closely with engineering, the scrum master, and design team ensuring that we deliver a great service to clients.
• Champion the voice of the customer when defining priorities and output, making data led decisions to prioritise across different business objectives.
• Promotes agile methodology within the team and works with a test and learn approach.
• Work closely with Sourcing to complete 3rd party vendor contract negotiations and governance, ensuring we secure the best outcome for the Bank and our clients.
• Line manage and mentor members of the Rates team, consisting of Project Managers and a Product Owner.
• Responsible for ensuring all decisions are made within a sound risk framework and within Group standards and appetite.
• Support partners with both technical and non-technical backgrounds, articulating business requirements and changes.

Why Lloyds Banking Group?

We’re on an exciting journey and there couldn’t be a better time to join us. The investments we’re making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.

What we need from you?

• Knowledge of different Rates derivative products, especially government bonds, interest rate swaps and futures and typical end to end process / booking flows.
• Understanding of the Broker and External Trading Venue landscapes
• Experience working within an Agile environment, working with software engineering teams and functions.
• Qualitative analysis skills including basic data interrogation and strong partner management and influencing skills are vital.

And any experience of these would be really useful:

• Delivering Rates related changes and large scale projects.
• Working with 3rd party service providers.

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
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

This is a once in a career opportunity to help shape your future as well as ours. Join us and grow with purpose.

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.

• Can you tell us about your experience with Rates derivative products?
• How familiar are you with the Broker and External Trading Venue landscapes?
• Can you explain your experience working within an Agile environment?
• How do you approach qualitative analysis and data interrogation?
• Tell us about your experience with delivering Rates related changes and large-scale projects.
• Have you worked with 3rd party service providers before?
• How do you prioritize and balance the needs of customers, partners, and risk?
• Can you give an example of how you have promoted agile methodology within a team?
• How do you approach vendor contract negotiations and governance?
• Tell us about your experience in line managing and mentoring a team.

• Can you provide more information about the specific responsibilities and tasks of this role?
• What is the team structure and how does this role fit into it?
• Can you tell me more about the growth ambitions of the business and how this role will contribute to them?
• What is the risk framework and Group standards and how will I ensure that decisions are made within these guidelines?
• Can you provide more information about the benefits package and any specific wellbeing initiatives offered by the company?