Analyst, Model Risk and Validation
Lloyds Banking Group, Adamsdown, Caerdydd - Cardiff
Analyst, Model Risk and Validation
£35770
Lloyds Banking Group, Adamsdown, Caerdydd - Cardiff
- Full time
- Permanent
- Onsite working
Posted today, 21 Dec | Get your application in now to be one of the first to apply.
Closing date: Closing date not specified
job Ref: 921c1f9430f94645b15a566c3aa217ca
Full Job Description
- 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 manage relationships and challenge constructively
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
- 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
- Business Partnering: Building effective relationship management whereby constructive challenge is undertaken in a timely and orderly fashion
- Influence: Ability to communicate clearly and concisely, verbally and in writing, across peer groups
- Drive and Delivery: Ability to overcome 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
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. - 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
- 24 days' holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies Ready for a career where you can have a positive impact as you learn, grow and thrive?
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