Analyst, Model Risk and Validation
| Posting date: | 04 October 2024 |
|---|---|
| Salary: | £33,982 to £33,982 per year |
| Hours: | Full time |
| Closing date: | 18 October 2024 |
| Location: | Cardiff, Cardiff, CF10 5BH |
| Company: | Lloyds Banking Group |
| Job type: | Permanent |
| Job reference: | 114668_1728031905 |
Summary
- JOB TITLE: Analyst, Model Risk and Validation
- SALARY: £33,982
- LOCATION(S): Cardiff or Halifax
- 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 or Commercial division with a degree of flexibility to work across the MRAV teams. The scope is wide and covers 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 develop 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
Why Lloyds Banking Group
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
- 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
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 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
* 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?
Apply today and find out more.
Proud member of the Disability Confident employer scheme