Audit Manager, Lloyds
Quantitative, Actuarial & AI Models
£87.6-97.3k
Offers an annual performance-related bonus and share schemes including free shares
2+ days a week in office
Retail and commercial bank
Be an early applicant
Retail and commercial bank
1001+ employees
Be an early applicant
£87.6-97.3k
Offers an annual performance-related bonus and share schemes including free shares
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
- A qualified/chartered actuary (FIA/FFA) or
- A degree in Mathematics, Statistics or any other highly numerate subject
- Specialist Actuarial experience in areas such as reserving, pricing, stress testing, capital and insurance risk modelling or
- Modelling experience (development or validation) in key areas such as credit risk (IRB, IFRS 9), market risk or counterparty credit risk models
- The ability to deliver risk and control assurance activity that is timely, impactful, insightful and valued by stakeholders
- The ability to understand and interpret Group and Business Unit Strategy and connect audit delivery and business monitoring insights to such strategies at the Macro level
- The ability to analyse, understand and communicate data as information, and to use data to drive effective audit outcomes
Desirable
- Experience working with coding languages such as Python
- Knowledge of the generic elements of the model life cycle, and their associated risks
- Understanding of Capital management frameworks and capital regulations relevant to Insurance (Solvency UK) and Banking (CRD IV, CRR and Basel)
- An understanding of effective model risk management and governance
What the job involves
- This role provides an excellent opportunity to join the Models Audit team, part of Group Audit
- You will work within a leading audit function and gain exposure to a wide range of risk modelling, capital assessment and actuarial techniques across our insurance and banking businesses
- As an Audit Manager you will lead the delivery of high-quality risk-based audits by harnessing a deep understanding of business strategy/priorities, controls, and risks to provide insightful independent assurance on the effectiveness of controls
- Contribute to the delivery of the audit plan, supporting the portfolio leads by project managing individual audits on their behalf
- Support control testing and identify areas of concern, articulating the potential impact to senior management
- Proactively suggest & deliver improvements to current audit processes by being bold
- Bring the outside in by researching industry best practice and regulatory hot topics to enable analysis of key themes and external trends
- Put the team first by coaching with purpose, being present with the team and openly communicating expectations
Application process
- End Date: June 16, 2025
Salary benchmarks
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 – including for its handling of PPI complaints in 2015, and the 2009 European Commission ruling that forced it to part ways with TSB – but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
Of the company’s 26 million customers, over 18 million of them are online, making it the largest UK digital bank. 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 current 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.
Recently, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on FinTech Action Labs (a FinTech accelerator programme) to bring its industry expertise to early-stage FinTechs. As well as investment in digital transformation and AI, the company is enhancing its wealth product and corporate banking offerings, 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, not founder)Spent nine years at HSBC, including as Group Head of Wealth Management and Digital, and as CEO of Wealth and Personal Banking.
Share this job
View 15 more jobs at Lloyds