Address
Salary End Date
Saturday 27 January 2024 Salary Range
£32,367 - £34,070 Agile Working Options
Job Description Summary
. Job Description
SALARY: £32,367-34,070 per annum
LOCATION: Halifax
HOURS: Full-time – 35 hours
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
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
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:
- 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.
ABOUT US
We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.
WHAT YOU'LL NEED
Where relevant below, you’ll be expected to have an understanding in either Commercial Credit, Retail Credit, Treasury or Market Risk models
- Qualifications and/or experience: You'll be highly numerate, with at least a degree level qualification covering quantitative content or equivalent experience including model build and/or independent validation using C/C++, R, Python or SAS skills
- Modelling and Validation: An understanding of modelling and Validation techniques, governance, model documentation and relevant regulation
- Judgement: Ability to make sound model judgements, taking into account model performance, regulation and wider considerations such as complexity vs benefit
- Influence: Ability to communicate clearly and concisely, verbally and in writing (including model documentation),
- Drive and Delivery: Track record of effective delivery and overcoming challenges to deliver results
- Integrity: Has ethics and integrity at the heart of every decision, and creates an environment that encourages high performance, openness, honesty and integrity
ABOUT WORKING FOR US
We want our people to feel that they belong and can be their best, regardless of background, identity or culture.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual bonus award, subject to Group performance
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 28 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Ready to start growing with purpose? Apply today!
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.
