Manager, Model Review and Validation

Location
London / Halifax
Salary
£72,756 - £80,840 + benefits package
Posted
21 Jul 2021
Closes
28 Jul 2021
Ref
050908
Contract Type
Permanent
Hours
Full Time

Agile Working Options

Flexible / Variable Hours, Other Agile Working Arrangements / Open to Discussion

 

Job Description

An exciting opportunity has become available to join the Model Risk and Validation (MRAV) team 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.

 

Key Accountabilities:

  • Lead 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)
  • Experienced 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 Model Governance Committee or Personal Approver
  • Maintain knowledge of model risk and regulatory requirements and standards pertaining to risk models
  • Regular engagement with senior colleagues across the Group to manage relationships, influence decision makers and challenge constructively at a senior level

 

Key Capabilities/ Knowledge:

Where relevant below, you’ll be expected to have a deep understanding in either Commercial Credit, Retail Credit, Treasury or Market Risk models; experience across more than one area is preferable but not essential.

  • Qualifications: You'll be highly numerate, with at least 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 C/C++, R, Python or SAS
  • Judgement: Ability to utilise experience and knowledge to make sound model judgements, taking into account model performance, regulation and wider considerations such as complexity vs benefit, short vs long term trade-offs, and resource prioritisation
  • Industry Knowledge: A detailed and up-to-date understanding of modelling and validation techniques, governance, model documentation and relevant regulation, including 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 and influence on sophisticated issues, verbally and in writing (including model documentation), across all key partner 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
  • Experience of model validation processes at other Banks
  • German /Dutch speaker / experience of EU regulator beneficial for one role
  • Machine Learning / Advanced Analytics experience, possibly gained in a nonbanking environment

 

Agile Working Options

Flexible / Variable Hours, Other Agile Working Arrangements / Open to Discussion

 

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.

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