Hybrid Model Risk & Validation Analyst

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

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.