ASSISTANT MANAGER, MODEL RISK AND VALIDATION-2 London, England
Lloyds Banking Group
Full Time
London, England
56322 - 62580 GBP ANNUAL Today
Job description
End Date
Monday 03 July 2023
Salary Range
£56,322 - £62,580Agile Working Options
Job Description Summary
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Job Description
JOB TITLE: Assistant Manager, Model Risk and Validation
SALARY: The salary banding for this role is £56,332 - £62,580
LOCATION: 125 London Wall, London
HOURS: 35 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
If you love supporting with regulatory reviews and compliance then this is the opportunity for you!
This role is part of a specialist modelling team focused on building and delivering industry leading models within the Group. You’ll be responsible for ensuring specific models are appropriately validated, monitored and managed in line with Group and regulatory standards.
You’ll be performing complex data processing using established procedures and testing new procedures to see if they might represent improvements over existing methods.
You’ll play an important role in enabling others to use and benefit from existing data management systems. You’re expected to work independently to collate and analyse data using pre-determined tools, methods and formats.
This role involves Investigating standard incidents with current regulatory and compliance processes, systems and procedures, taking action to solve immediate compliance issues and providing advice to more senior colleagues on more complex problems.
We’re a growing team with additional headcount needed to support regulatory reviews and remaining compliant with our Policy. Failure to recruit will seriously threaten our ability to do this.
Why Lloyds Banking Group
From building a truly sustainable business to creating a place where people love to work, we need colleagues who are up for the challenge of our bold ambitions. Who are excited to push boundaries and make change happen. Together, we can grow with purpose.
What you’ll need
- Experience: Model build experience and/or independent validation within a financial services organisation
- Judgement: Ability to utilise experience and knowledge to make sound model judgements, taking into account model performance, regulation and wider considerations
- Industry Knowledge: A sound and up-to-date understanding of modelling and validation techniques, governance, model documentation and relevant regulation
- Business Knowledge: Knowledge of banking business and associated risk management approaches sufficient to understand models in the context of the business
- Influence: Ability to communicate and influence on sophisticated issues, verbally and in writing (including model documentation), across all key partner groups
- Integrity: Has ethics and integrity at the heart of every decision, and creates an environment that encourages high performance, openness, honesty and integrity
And any experience of these would be really useful
- Effective relationship management, delivering successful business partnering whereby constructive challenge is undertaken in a timely and orderly fashion
- Experience of model validation processes at other Banks
- Machine Learning / Advanced Analytics experience, possibly gained in a nonbanking environment
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 underrepresented 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
- 28 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. 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 keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
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.
