Senior Manger, Model Risk and Validation, Market Risk

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

Machine Learning / Advanced Analytics experience, possibly gained in a nonbanking environment

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.