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Model Risk and Validation Specialist

2 months ago


Halifax, Nova Scotia, Canada Lloyds Bank plc Full time
About the Role

We are seeking a highly skilled and experienced Model Risk and Validation Specialist to join our team at Lloyds Bank plc. As a key member of our Risk division, you will play a critical role in ensuring the accuracy and reliability of our financial models.

Key Responsibilities:
  1. Conduct independent reviews of our financial models, including new developments, model changes, periodic validations, and ongoing monitoring.
  2. Validate models, including data profiling, selection, validation, back-testing, stress testing, and model documentation.
  3. Evaluate models, including their design, calibration, and validation, operation, usage, reporting, and governance.
  4. Document validation findings, providing insight and evaluation of weaknesses and making recommendations for improvements.
  5. Present independent model review to senior members of the team and Personal Approver.
  6. Enhance knowledge of model risk and regulatory requirements and standards pertaining to risk models.
  7. Engage with colleagues across the Group to manage relationships, influence decision makers, and challenge constructively.
Requirements:

To be successful in this role, you will have:

  • A degree-level qualification covering quantitative content or equivalent skills derived from experience.
  • Model build experience and/or independent validation within a financial services organization, using Python, SAS, C/C++, or R.
  • Ability to make sound model judgments, taking into account model performance, regulation, and wider considerations such as complexity vs benefit.
  • Knowledge of banking business and associated risk management approaches sufficient to understand models in the context of the business.
  • Effective relationship management, delivering successful business partnering whereby constructive challenge is undertaken in a timely and orderly fashion.
  • Ability to communicate clearly and concisely, verbally and in writing, across peer stakeholder groups.
  • Track record of effective delivery and overcoming challenges to deliver business results.
What We Offer:

We offer a strong platform to fulfill your career potential, with opportunities for development and growth. As a new colleague, you will join us on our journey to build a 21st-century bank that reflects modern Britain and craft an inclusive culture where all colleagues feel encouraged and valued.

We are committed to building a workforce that reflects the diversity of our customers and communities, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We are an equal opportunity employer and deeply value diversity within our organization.