Analyst, Independent Validation Team – Retail Credit Risk, Model Risk Office

Lloyds Banking Group

. Provide support with independent reviews of all aspects of Lloyds Banking Group models, including new developments, model changes, periodic validations and ongoing monitoring .

Posted 4/9/2026full-timeHalifax • 🇬🇧 United KingdomMid-LevelSenior💰 £36,224 - £38,130 per yearWebsite

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Provide support with 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)
Assist with 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
Presentation of independent model review to senior members of the team and Personal Approver
Develop knowledge of model risk and regulatory requirements and standards pertaining to risk models
Engagement with colleagues across the Group to manage relationships and challenge constructively

Requirements

What you’ll need

At least a degree level qualification covering quantitative content e.g. mathematics, physics or equivalent skills derived from experience
Experience of model build techniques e.g. regression or decision trees and programming languages e.g. C/C++, R, Python or SAS
Ability to make sound model judgements, taking into account model performance and regulation
An understanding of modelling techniques and an awareness of model validation and current regulation that may impact the Group
Awareness of the banking business and associated risk management approaches sufficient to understand models in the context of the business
Building effective relationship management whereby constructive challenge is undertaken in a timely and orderly fashion
Ability to communicate clearly and concisely, verbally and in writing, across peer groups
Ability to overcome challenges to deliver business results
Has ethics and integrity at the heart of every decision, and creates an environment that encourages high performance, openness, honesty and integrity

Benefits

Comp & perks

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
24 days’ holiday, with bank holidays on top
A range of wellbeing initiatives and generous parental leave policies

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

model validationmodel developmentdata profilingback-testingstress testingregressiondecision treesC++RPython

Soft Skills

relationship managementconstructive challengeclear communicationproblem-solvingethicsintegrityhigh performanceopennesshonestytimely decision-making