Analyst, Model Risk and Validation

End Date:
Friday 02 October 2026. Salary Range £36,224 - £38,130. We support flexible working – flexible options in when hours are worked, hybrid working, job share.

Full-time, Permanent role based in Halifax, Edinburgh, Leeds or Newport.

Job Title:

Analyst, Model Risk and Validation

Salary: £36,224

Location(s):
Halifax, Edinburgh, Leeds, Newport

Hours:

Full-time, 35 hours

Working Pattern:
Hybrid, at least two days per week, or 40% of our time in the office.

An exciting opportunity has become available in the Model Risk Office (MRO) within Lloyds Banking Group’s Risk division. You are responsible for independent model reviews and technical validation across a broad range of regulatory and non-regulatory models across our Retail or Commercial divisions, including Treasury. This is an excellent opportunity to accelerate your modelling expertise, by developing a comprehensive understanding of the model lifecycle, and building a strong network across the organisation.

You’ll collaborate with experienced professionals in a supportive environment, helping to uphold high standards of model risk management while contributing to the robustness of the Group’s decision-making and risk frameworks.

• 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 in a balanced and constructive way
• Present independent review outcomes to senior colleagues and approval forums, while building effective relationships across the Group and maintaining knowledge of model risk, regulatory requirements, and standards

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

Highly numerate with a degree-level qualification covering quantitative content such as mathematics, physics or similar module, or similar skills derived from experience. Please include CV with grades, awarding institution and relevant modules studied or relevant projects. Where appropriate include relevant earlier educational qualifications with grades. Experience of model development techniques, including areas such as regression and decision trees, alongside programming skills in languages such as Python, R, SAS or C/C++.

On your CV please state language and evidence usage. A good understanding of modelling and validation principles including awareness regulatory requirements. Ideally, knowledge of banking and risk management, and an interest in developing your expertise across treasury and risk models in a changing regulatory environment. Excellent communication and relationship-building skills, with the ability to provide clear, constructive challenge and influence a range of stakeholders.

A proactive and ethical approach, demonstrating sound judgement, resilience in solving complex problems, and a commitment to delivering high-quality outcomes with integrity.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual…