Agile Working Options

Flexible / Variable Hours, Other Agile Working Arrangements / Open to Discussion

Job Description Summary

An exciting opportunity has become available to join the Model Risk and Validation team (MRAV) within Lloyds Banking Group’s Risk division. The role will give you responsibility for independent model review and technical validation across the Retail and Commercial divisions with a degree of flexibility to work across the MRAV teams. The scope is wide and covers Retail and Commercial Credit, Market Risk and Asset Liability Management across both Regulatory and Non-Regulatory models.

This is a superb opportunity to develop areas of knowledge relating to the Group’s modelling capability and build a strong network of contacts.

Job Description

Key Accountabilities:

• Assist with independent reviews of all aspects of Lloyds Banking Group models, including new developments, model changes, periodic validations and ongoing monitoring
• Independent Validation (partial or complete recoding, development or building of challenger models)
• Support independent review and challenge of model developments (data profiling, selection, validation, back-testing, stress testing and model documentation)
• Detailed evaluation of models, including their: design, calibration and validation, operation, usage, reporting, and governance
• Documentation of validation findings, providing insight and evaluation of weaknesses and making recommendations for improvements
• Presentation of independent model review to senior members of the team and Personal Approver
• Enhance knowledge of model risk and regulatory requirements and standards pertaining to risk models
• Regular engagement with colleagues across the Group to manage relationships, influence decision makers and challenge constructively

Key Capabilities/ Knowledge:

Where relevant below, you’ll be expected to have an understanding in either Commercial Credit, Retail Credit, Treasury or Market Risk models

• Qualifications: You'll be highly numerate, with at least a degree level qualification covering quantitative content or equivalent skills derived from experience
• Experience:  Model build experience and/or independent validation within a financial services organisation, using C/C++, R, Python or SAS
• Judgement: Ability to make sound model judgements, taking into account model performance, regulation and wider considerations such as complexity vs benefit
• Industry Knowledge: An understanding of modelling and validation techniques, governance, model documentation and relevant regulation, including an awareness of any changes that may impact the Group
• Business Knowledge: Knowledge of banking business and associated risk management approaches sufficient to understand models in the context of the business
• Business Partnering: Effective relationship management, delivering successful business partnering whereby constructive challenge is undertaken in a timely and orderly fashion
• Influence: Ability to communicate clearly and concisely, verbally and in writing (including model documentation), across peer stakeholder groups
• Drive and Delivery: Track record of effective delivery and overcoming challenges to deliver business results
• Integrity: Has ethics and integrity at the heart of every decision, and creates an environment that encourages high performance, openness, honesty and integrity
• Experience of model validation processes at other
• Banks German /Dutch speaker / experience of EU regulator beneficial for one role
• Machine Learning / Advanced Analytics experience, possibly gained in a nonbanking environment

Does this sound like you?

If so, then please get in touch, we'd love to hear from you! In return for bringing us your passion and engagement, we're offering a strong platform to fulfil your career potential.

We're dedicated to giving you opportunities and support to develop you both expertly and personally to optimise your potential. As a new colleague, you’ll join us on our journey to build a 21st century bank that reflects modern Britain and craft an inclusive culture where all colleagues feel encouraged and valued.

You'll also receive a benefits package which includes:

• A performance related award
• Generous pension contribution
• 28 days leave plus bank holidays
• A flexible cash pot (4% of base salary) to spend on benefits

Our continued dedication to helping Britain prosper 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.

We're passionate about crafting a values-led culture, and our approach to inclusion and diversity means that we all have the opportunity to make a real difference, together.

Together we make it possible!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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'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.