Hybrid Model Risk & Validation Specialist

Lloyds Banking Group; West Yorkshire; Hybrid; GBP 31,000 - 42,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounts

24 days holiday

Wellbeing initiatives & parental leave

Job summary

Lloyds Banking Group in Halifax/UK is seeking an Analyst, Model Risk and Validation to join the Model Risk Office (MRO). The role focuses on independent model reviews and technical validation across Retail, Commercial, and Treasury models.

You'll gain exposure to the full model lifecycle, deliver validations, challenge development activities, communicate findings clearly, and build relationships across the Group while benefiting from hybrid working and a comprehensive benefits package.

Qualifications

• Degree-level qualification covering quantitative content (math/physics or similar).
• Experience of model development techniques and programming languages (Python, R, SAS or C/C++).
• Understanding of modelling and validation principles and regulatory requirements.
• Knowledge of banking and risk management is desirable.

Responsibilities

• Assess models independently across their lifecycle, including new developments, changes, validations and monitoring.
• Deliver independent model validations, including recoding, software development and challenger modelling.
• Review and challenge model development activities with data profiling, validation and back-testing.
• Evaluate model build, calibration, operation, usage, reporting and governance.
• Document and communicate validation findings clearly with risks and improvement opportunities.
• Present independent review outcomes to senior colleagues and forums, building cross-group relationships.

Skills

Highly numerate

Excellent communication

Relationship building

Problem solving

Education

Degree in mathematics/physics/quantitative field

Tools

Python

R

SAS

C/C++

Job description

Lloyds Banking Group in Halifax/UK is seeking an Analyst, Model Risk and Validation to join the Model Risk Office (MRO). The role focuses on independent model reviews and technical validation across Retail, Commercial, and Treasury models.

You'll gain exposure to the full model lifecycle, deliver validations, challenge development activities, communicate findings clearly, and build relationships across the Group while benefiting from hybrid working and a comprehensive benefits package.