Assistant Manager - Model Risk and Validation
| Posting date: | 19 September 2024 |
|---|---|
| Salary: | £49,788 to £55,320 per year |
| Hours: | Full time |
| Closing date: | 03 October 2024 |
| Location: | Cardiff, Cardiff, CF10 5BH |
| Remote working: | Hybrid - work remotely up to 3 days per week |
| Company: | Lloyds Banking Group |
| Job type: | Permanent |
| Job reference: | 114666_1726757564 |
Summary
JOB TITLE: Assistant Manager - Model Risk and Validation
SALARY: £49,788 - £55,320
LOCATION(S): Halifax, Leeds, Cardiff, London and Edinburgh (Please indicate your location preference in your application)
HOURS: Full-time
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.
Day to day you'll:
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Assisting with independent reviews of all aspects of Lloyds Banking Group models, including new developments, model changes, periodic validations and ongoing monitoring.
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Independent Validation (partial or complete recoding, custom analysis or development of challenger models)
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Support independent review and challenge of model developments (data profiling, selection, validation, back-testing, stress testing and model documentation)
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Detailed evaluation of models, including their: design, calibration and validation, operation, usage, reporting, and governance
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Documentation of validation findings, providing insight and evaluation of weaknesses and making recommendations for improvements
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Presentation of independent model review to senior members of the team and Personal Approver
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Enhance knowledge of model risk and regulatory requirements and standards pertaining to risk models
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Regular engagement with colleagues across the Group to manage relationships, influence decision makers and challenge constructively
Why Lloyds Banking Group
If you think all banks are the same, you'd be wrong. We're an innovative, fast-changing business that's shaping finance as a force for good. A bank that's empowering its people to innovate, explore possibilities and grow with purpose.
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
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Experience: Model build experience and/or independent validation within a financial services organisation, using Python, SAS, C/C++ or R
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Business Partnering: Effective relationship management, delivering successful business partnering whereby constructive challenge is undertaken in a timely and orderly fashion
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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
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Qualifications: You'll be highly numerate, with a degree level qualification covering quantitative content or equivalent skills derived from experience
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Judgement: Ability to make sound model judgements, taking into account model performance, regulation and wider considerations such as complexity vs benefit
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Business Knowledge: Knowledge of banking business and associated risk management approaches sufficient to understand models in the context of the business
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Influence: Ability to communicate clearly and concisely, verbally and in writing (including model documentation), across peer stakeholder groups
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Drive and Delivery: Track record of effective delivery and overcoming challenges to deliver business results
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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
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're committed to creating a consciously inclusive workplace where our colleagues can be themselves, thrive and perform at their best.
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.
As an inclusive employer, we offer Workplace Adjustments for colleagues with a disability (which may include long-term health and neurodivergent conditions) where it is reasonable to do so. This could include flexibility with regards to office attendance, location, and working pattern.
We are proud to be a Disability Confident Leader. If you have a disability, you can also apply via our Disability Confident Scheme (DCS). Through the DCS, we guarantee to interview a fair and proportionate number of applicants with a disability, whose application meets the minimum criteria for the advertised job role.
We also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health condition or neurodivergent condition. If you'd like an adjustment to the recruitment process just let us know.
We also offer a wide-ranging benefits package, which includes:
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A generous pension contribution of up to 15%
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An annual performance-related bonus
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Share schemes including free shares
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Benefits you can adapt to your lifestyle, such as discounted shopping
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28 days' holiday, with bank holidays on top
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A range of wellbeing initiatives and generous parental leave policies
If you're excited by the thought of becoming part of our team, get in touch. We'd love to hear from you!
Proud member of the Disability Confident employer scheme