End Date

Thursday 03 June 2021

Salary Range

£70,080 - £87,600

We support agile working – click here for more information on agile working options.

Agile Working Options

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

Job Description Summary

Leads a team with specialist risk modelling capability. Responsible for ensuring all models are appropriately validated, monitored and managed through independent reviews, independent analysis and ongoing review of monitoring and periodic validations. May deputise for senior colleagues at G.

Job Description

An exciting opportunity has become available to join the Model Risk and Validation (MRAV) team within Lloyds Banking Group’s Risk division. The role will give you responsibility for the reviews of controls and processes used to support the bank’s models as well as technical validation of the same models. 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.

Key Accountabilities:

• Lead independent reviews of Broader Model Elements for all Lloyds Banking Group models, including new developments, model changes and periodic validations
• Be the primary point of contact for stakeholders for all issues relating to Broader Model Elements (BMEs).
• Responsibility for the maintenance and interpretation of BME principles and associated guidance
• Documentation of validation findings, providing insight and evaluation of weaknesses and making recommendations for improvements
• Presentation of independent model review to Model Governance Committee or Personal Approver
• Regular engagement with senior colleagues across the Group to manage relationships, influence decision makers and challenge constructively at a senior level
• Apply your extensive experience of Data and Implementation to ensure high standard are maintained throughout the bank
• Undertake Technical Validation of model with respect to the data used in model builds - sourcing, creation of datasets, quality assessment – and to ensure that the approaches taken to create datasets make best use of available data within the bank.

Key Capabilities/ Knowledge:

Where relevant below, you’ll be expected to have a deep understanding of the processes and controls used to support the development and ongoing use of models within either Commercial Credit, Retail Credit, Treasury or Market Risk models; experience across more than one area is preferable but not essential.

• Qualifications: You'll be highly numerate, with at least a degree level qualification covering quantitative content or equivalent skills derived from experience
• Experience: Familiar with coding languages using C/C++, R, Python or SAS
• Data Quality: Experienced in either creating data sets for use in modelling or in evaluating the quality of such data sets
• Judgement: Ability to utilise experience and knowledge to make sound judgements over the quality of the control environment
• Industry Knowledge: A detailed and up-to-date understanding of modelling and validation techniques, governance, model documentation and relevant regulation, including 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 and influence on sophisticated issues, verbally and in writing (including model documentation), across all key partner 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

Data Quality & Model Evaluation Tools: Familiarity with software for assessing data quality in model development or ongoing use, and software used in the ongoing maintenance of models (including assessing model performance).

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.

You'll also receive a benefits package which includes:

• A performance related award
• Generous pension contribution
• 30 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.