Assistant Manager, Model Risk And Validation

Part of a specialist modelling team focused on independent oversight of industry leading models within the Group. Responsible for ensuring specific models are appropriately validated, monitored and managed in line with Group and regulatory standards., 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., 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, bespoke analysis or development 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, 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.

We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.

We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Qualifications: You'll be highly numerate, with 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 Python, SAS, C/C++ or R

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

Hybrid working means we can be flexible, working between home and a minimum of 2 days a week from one of our hub offices (Halifax or Cardiff). Please indicate your location preference in your application.

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.