Senior Analyst - London, United Kingdom - Lloyds Banking Group

Lloyds Banking Group

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

End Date
Wednesday 17 May 2023

Salary Range
£44,568 - £55,710

Agile Working Options
Other Agile Working Arrangements / Open to Discussion

As the UK's largest retail, commercial and digital bank, Lloyds Banking Group (LBG) have a big responsibility to support the UK economy and put customers at the heart of everything we do.

We follow a clear set of principles which promote a positive, collaborative and creative culture.

You'll find we're genuine about equal opportunity and deeply value diversity - all with a culture built around advancing the best in our people.

LBG has been named:

A Top 10 UK Employer for Working Families
A Times Top 50 UK Employer for Women
An Investing In Ethnicity Outstanding Employer
Business Culture Award for Best Large Organisation For Culture

We're also embarking on a major transformation programme - putting unprecedented levels of investment into our platforms, people and capabilities.

Could you help us become more insightful about data to reshape our business and deliver success?

Job Description Summary

The Client & Prudential Modelling team is part of the wider Decision Science team, and we have an exciting opening for a Senior Analyst in Credit Risk Modelling.

This is a really varied role within a collaborative team responsible for the development & maintenance of Loss Given Default (LGD) models used for pricing & impairment reporting across the Commercial Bank.

The models' outputs and associated analysis are used for customer pricing, credit risk assessments and portfolio analysis, as well as Commercial Bank's IFRS9 impairment reporting.

We have recently increased the breadth of our team's remit and are now responsibly for the Probability of Default (PD) and LGD models used for capital reporting (i.e.

RWAs) for Business Banking (BB) and Small Medium Enterprises (SME) portfolios.

This is therefore an incredibly exciting time for us, as we are now responsible for a full suit of capital, pricing & impairment models across the whole breadth of Commercial Bank.

As a result, you will find yourself working closely with a number of different stakeholders; Impairment Finance (for impairment), Client Products (for pricing and capital reporting), as well as Credit Risk teams & Business Support Unit (for credit risk assessment).

What you'll be doing...

You'll be hands-on with data, developing and validating models and running impact assessments to understand how the credit risk of a portfolio responds to different economic conditions.

You'll build close relationships with many other teams, including Credit Risk teams, Client Products, as well as the Front Line.

We'll give you the opportunity to conduct your own analysis and present the results to senior partners. Close collaboration with colleagues across Decision Science will also be essential to achieve our goals.

We are looking for somebody who is always curious and motivated to learn, whilst having a flexible approach to changing priorities.

You'll already have a good understanding of credit models, with a numerical or statistical qualification to a minimum of degree level, or be qualified by experience.

Whilst not essential, a good understanding of Commercial portfolios and products would be advantageous.

Finally, you'll have strong written and verbal communication skills, knowledge of statistical modelling techniques and strong SAS/SQL skills; a working knowledge of Python would be advantageous.

We deeply value diversity within our team. Applications from those wishing to work on an Agile basis are very welcome. We already support a variety of arrangements across the team.

Accountabilities

Plan and deliver the development and maintenance of PD & LGD Models across the Commercial Bank
Use communication skills to influence and gain consensus for modelling proposals and proactively manage partner relationships.
Own and lead in the generation and maintenance of robust documentation to satisfy the bank's internal and external approval bodies.
Show commitment to simplifying and improving the wider business.

Skills, knowledge and experience

Degree with quantitative content or equivalent skills derived from experience.
Experienced in design, development and validation of Credit Models; an understanding of IFRS9 modelling would be advantageous.

Want to hear more?
You'll be offered a competitive package which includes...
- salary,
- bonus,
- a generous pension contribution and

Flex cash to spend on a host of benefits to suit your lifestyle.

We're dedicated to giving you opportunities and support to develop you both professionally and personally to optimise your potential.

As a new colleague, you'll join us on our journey to build a 21st century bank that reflects modern Britain, and craft an inclusive culture where all colleagues feel welcomed and valued.

We're committed to building a workforce which reflects the diversity of the customers and communities we serve, 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're an equal opportunity employer and deeply value diversity within our organisation.

Together we make it possible

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
**We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.