Audit Analyst: Quant Models & AI for Risk

Lloyds Banking Group; Greater London; Hybrid; GBP 59,000 - 73,000; Full time

Job summary

A prominent banking institution in the UK is looking for an Audit Analyst specialized in Quantitative, Actuarial & AI Models. You will contribute to the audit plan, manage audits, and support control testing. Ideal candidates will possess an advanced degree in Mathematics or Statistics and have experience in model risk management and auditing. The role offers a flexible hybrid working pattern, competitive salary, and an inclusive environment that values diversity.

Benefits

Generous pension contribution of up to 15%

Annual performance-related bonus

Share schemes including free shares

30 days' holiday

Wellbeing initiatives and generous parental leave policies

Qualifications

• Advanced degree in Mathematics, Statistics, or another highly numerate subject.
• Strong knowledge of model risk management and the model life cycle.
• Experience in auditing models and understanding control frameworks.

Responsibilities

• Contribute to the delivery of the audit plan.
• Support control testing and identify areas of concern.
• Proactively suggest and deliver improvements to current audit processes.

Skills

Model risk management

Understanding of audit methodology

Ability to analyze data

Experience with coding languages such as Python

Education

Advanced degree in Mathematics or Statistics

Job description

A prominent banking institution in the UK is looking for an Audit Analyst specialized in Quantitative, Actuarial & AI Models. You will contribute to the audit plan, manage audits, and support control testing. Ideal candidates will possess an advanced degree in Mathematics or Statistics and have experience in model risk management and auditing. The role offers a flexible hybrid working pattern, competitive salary, and an inclusive environment that values diversity.