Analyst, Model Risk and Validation

Lloyds Bank plc; Halifax; Hybrid; GBP 36,000 - 38,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Holiday 24 days + bank holidays

Job summary

Lloyds Bank plc seeks an Analyst in Model Risk and Validation to join the Model Risk Office. Based in Halifax, Edinburgh, Leeds or Newport, the role offers hybrid working, 35 hours weekly and a salary in the £36k–£38k range.

You will independently validate models across the lifecycle, contributing to risk governance and robust decision-making. You’ll work with quantitative methods, data profiling, back-testing, stress testing and documentation, presenting findings to senior colleagues.

Qualifications

• Degree-level qualification covering quantitative content such as mathematics, physics or similar.
• Experience of model development techniques including regression and decision trees.
• Programming skills in Python, R, SAS or C/C++.

Responsibilities

• 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.
• Present independent review outcomes to senior colleagues and approval forums, while building relationships and staying aware of regulatory requirements.

Skills

Highly numerate

Excellent communication

Modelling & validation knowledge

Education

Degree in mathematics/physics or similar

Tools

Python

R

SAS

C/C++

Job description

End Date: Friday 02 October 2026. Salary Range £36,224 - £38,130. We support flexible working – flexible options in when hours are worked, hybrid working, job share.

Job Summary

Full-time, Permanent role based in Halifax, Edinburgh, Leeds or Newport.

Job Title: Analyst, Model Risk and Validation

Salary: £36,224

Location(s): Halifax, Edinburgh, Leeds, Newport

Hours: Full-time, 35 hours

Working Pattern: Hybrid, at least two days per week, or 40% of our time in the office.

What you’ll be doing

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

Why join us?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

What we’re looking for?

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.

Benefits

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

Additional Information

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. With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.

Should you wish to contact us for any reason, please email us at: [e-mail]

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