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Analyst, Model Risk and Validation

Employer
myGwork
Location
UK
Salary
Competitive
Closing date
23 May 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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End Date
Wednesday 01 June 2022
Salary Range
£34,425 - £38,250

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
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.

The role allows candidates to utilise their specific areas of modelling interest whilst building on areas less familiar, developing a complete model experience in a fraction of the time that other routes (such as model building) would allow.
Job Description

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.

The role allows candidates to utilise their specific areas of modelling interest whilst building on areas less familiar, developing a complete model experience in a fraction of the time that other routes (such as model building) would allow.

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 manage relationships and challenge constructively

Key Capabilities/ Knowledge:
  • 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
  • If you can speak German / Dutch that would be an added bonus!

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.

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.

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.

This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.
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