Analyst, Lloyds
Model Risk & Validation
£36.2-38.1k
+ Bonus & share schemes
2+ days a week in office
Retail and commercial bank
Be an early applicant
Retail and commercial bank
1001+ employees
Be an early applicant
£36.2-38.1k
+ Bonus & share schemes
2+ days a week in office
1001+ employees
Company mission
To support families and businesses, helping them to take the next step, whatever that may be.
Role
Who you are
- Highly numerate with a degree-level qualification covering quantitative content such as mathematics, physics or similar module, or similar skills derived from experience. Please include CV with grades, awarding institution and relevant modules studied or relevant projects. Where appropriate include relevant earlier educational qualifications with grades
- Experience of model development techniques, including areas such as regression and decision trees, alongside programming skills in languages such as Python, R, SAS or C/C++. On your CV please state language and evidence usage
- A good understanding of modelling and validation principles including awareness regulatory requirements
- Ideally, knowledge of banking and risk management, and an interest in developing your expertise across treasury and risk models in a changing regulatory environment
- Excellent communication and relationship-building skills, with the ability to provide clear, constructive challenge and influence a range of stakeholders
- A proactive and ethical approach, demonstrating sound judgement, resilience in solving complex problems, and a commitment to delivering high-quality outcomes with integrity
What the job involves
- An exciting opportunity has become available in the Model Risk Office (MRO) within Lloyds Banking Group’s Risk division
- You are responsible for independent model reviews and technical validation across a broad range of regulatory and non-regulatory models across our Retail or Commercial divisions, including Treasury
- This is an excellent opportunity to accelerate your modelling expertise, by developing a comprehensive understanding of the model lifecycle, and building a strong network across the organisation
- You’ll collaborate with experienced professionals in a supportive environment, helping to uphold high standards of model risk management while contributing to the robustness of the Group’s decision-making and risk frameworks
- Assess models independently across their lifecycle, including new developments, changes, periodic validations, and ongoing monitoring
- Deliver independent model validations, which may include recoding, software development, challenger modelling, and the application of mathematical techniques
- Review and challenge model development activities, including data profiling, model selection, validation, back-testing, stress testing, documentation, and contribution to key projects
- Evaluate model build, calibration, operation, usage, reporting, governance, and overall fitness for purpose
- Document and communicate validation findings clearly, highlighting weaknesses, risks, and opportunities for improvement in a balanced and constructive way
- Present independent review outcomes to senior colleagues and approval forums, while building effective relationships across the Group and maintaining knowledge of model risk, regulatory requirements, and standards
Application process
- End Date: October 2, 2026
Our take
Lloyds Bank, part of Lloyds Banking Group, began operations back in 1765 and is nowadays one of the UK’s leading retail and commercial banks. As with many leading banks, the company has dealt with its share of controversy, but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
As part of its ongoing digital transformation, the company is seeking to put the cloud at the front of its services and systems, and has cited intentions to invest heavily in overhauling its technology infrastructure. All this seeks to serve the modern banking customer, and to compete with the fast-increasing number of alternative banking options appearing on the market.
On top of this, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on "FinTech Action Labs" to bring its industry expertise to early-stage FinTechs. The company continues to enhance its online and mobile services (it is the UK's biggest mobile bank), as well as expanding its partnerships with digital banking companies.
Steph
Company Specialist at Welcome to the Jungle
Insights
-1% employee growth in 12 months
Company
Company benefits
- Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
- A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
- A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
- Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
- Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
- Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
- Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
- Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
- Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.
Company HQ
City of London, London, UK
Leadership
Charlie Nunn
(Group Chief Executive)Spent nine years at HSBC, including as Group Head of Wealth Management and Digital, and as CEO of Wealth and Personal Banking.
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