Location
London, Edinburgh or Bristol

Hours
Full Time, hybrid working pattern with at least two days per week (40%) spent at one of our hub locations

Salary
£59,742 - £73,000

About the Role
Join the Models Audit team within Group Audit, focusing on risk modelling, capital assessment, and actuarial techniques across insurance and banking businesses. This role delivers high-quality, risk-based audits by leveraging a deep understanding of business strategy, controls, and risks to provide independent assurance on the effectiveness of controls. Key responsibilities include contributing to the delivery of the audit plan, supporting portfolio leads by project managing individual audits, supporting control testing, identifying areas of concern and articulating potential impacts to senior management. You will build meaningful stakeholder relationships, develop a professional network, and proactively suggest and deliver improvements to audit processes. Additionally, you will research industry best practices and regulatory hot topics to analyse key themes and external trends, role model Group values and behaviours, and share timely, direct, and effective feedback that contributes to the successful delivery of the audit plan.

Why Lloyds Banking Group
We are evolving like modern Britain, investing billions in our people, data, and technology to transform how we meet the needs of our 26 million customers. We are growing with purpose and invite you to join us on this journey and be part of it.

Experience
- Advanced degree in Mathematics, Statistics, or another highly numerate subject
- Strong knowledge of model risk management and the model life cycle, including associated risks
- Experience auditing models, sound knowledge of audit methodology, and understanding of control frameworks
- Modelling experience (development or validation) in areas such as Trade Pricing Models, Traded Market Risk Models (VAR, IRC, FRTB), Portfolio Models, Counterparty Credit Risk Models, XVA Models, Margin Models, Economic Capital Models, Valuation and Reserve Models
- Understanding of regulations relevant to Insurance (Solvency UK) and Banking (PRA Rulebook, CRD IV, CRR, Basel, SS1/23, etc.)
- Experience working with coding languages such as Python, auditing or reviewing AI/ML models for fairness, explainability, bias, and performance

About you
- Ability to deliver risk and control assurance activity that is timely, impactful, insightful, and valued by stakeholders, underpinned by a strong understanding of effective model risk management and governance
- Ability to understand and interpret Group and Business Unit Strategy and connect audit delivery and business monitoring insights to such strategies at the macro level
- Ability to analyse, understand, and communicate data as information, and to use data to drive effective audit outcomes
- Ability to prioritise work effectively to ensure timely and valuable delivery

Qualifications
Advanced degree in a relevant numerate subject as noted above