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Job Description Summary

Job Description

JOB TITLE: Analyst - Model Risk & Validation

SALARY: £40,461 - £42,590

LOCATION(S): London

HOURS: [Full-time]

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week currently, or 40% of our time, at one of our Hub locations.

About Model Risk and Validation (MRAV) team at Lloyds

An exciting opportunity has become available to join the Commercial Model Risk and Validation team (MRAV) within Lloyds Banking Group’s Risk division, where we're responsible for ensuring that all Commercial models remain continually fit for purpose and stays in sync with internal governance and external regulations. This role provides the opportunity to gain detailed and wide-ranging experience in all the models used in the CB credit risk function from Small and Medium sized Enterprises (SME) to Global Corporates. The models used include Basel (Capital), IFRS 9 (impairment), pricing/profitability, stress testing and forecasting. There is also some degree of flexibility to work across the different MRAV teams.

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

Key Accountabilities:

• Provide support 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)
• Assist with 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
• Presentation of independent model review to senior members of the team and Personal Approver
• Develop knowledge of model risk and regulatory requirements and standards pertaining to risk models
• Engagement with colleagues across the Group to maintain relationships and challenge constructively

Key Capabilities/ Knowledge:

Essential

• Qualifications: You'll be highly numerate, with at least a degree level qualification covering quantitative content e.g. mathematics, physics or equivalent skills derived from experience
• Experience: of model build techniques e.g. regression or decision trees and programming languages e.g. C/C++, R, Python or SAS
• Judgement: Ability to make sound model judgements, taking into account model performance and regulation
• Influence: Ability to communicate clearly and concisely, verbally and in writing, across peer groups
• Integrity: Has ethics and integrity at the heart of every decision, and creates an environment that encourages dedication, willingness, honesty and integrity

Desirable

• Industry Knowledge: An understanding of modelling techniques and an awareness of model validation and current regulation that may impact the Group
• Business Knowledge: Awareness of the banking business and associated risk management approaches sufficient to understand models in the context of the business

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 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.