Analyst – Model Risk & Validation

About the role

This is a full‑time, permanent analyst position within the Model Risk Office of Lloyds Banking Group. The role can be based in Halifax, Edinburgh, Leeds or Newport and follows a hybrid working pattern.

Key responsibilities

• Independently assess models across their lifecycle, including new developments, changes, periodic validations and ongoing monitoring.
• Deliver independent model validations that may involve recoding, software development, challenger modelling and application of mathematical techniques.
• Review and challenge model development activities such as data profiling, model selection, back‑testing, stress testing and documentation.
• Evaluate model build, calibration, operation, usage, reporting, governance and overall fitness for purpose.
• Document and communicate validation findings, highlighting weaknesses, risks and improvement opportunities.
• Present review outcomes to senior colleagues and approval forums while maintaining strong relationships across the Group.

Required profile

• Degree‑level qualification in a quantitative discipline (e.g., mathematics, physics) with strong academic grades.
• Experience of model development techniques, including regression and decision‑tree approaches.
• Excellent communication and relationship‑building skills, with the ability to provide clear, constructive challenge to stakeholders.

Required skills

• Python
• R
• SAS
• C/C++
• Regression modelling
• Decision‑tree modelling

What we offer

• Generous pension contribution of up to 15%.
• Annual performance‑related bonus and share schemes including free shares.
• Discounted shopping benefits and 24 days of holiday plus bank holidays.
• Wellbeing initiatives and generous parental‑leave policies.
• Opportunities to develop expertise across treasury and risk models in a supportive environment.