ASSISTANT MANAGER, MODEL RISK AND VALIDATION-2
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Position Overview & Specifications
Agile Working Options Hybrid Working Job Description Summary . Job Description JOB TITLE: Assistant Manager, Model Risk and Validation SALARY: The salary banding for this role is £56,332 - £62,580 LOCATION: 125 London Wall, London HOURS: 35 hours, full time WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites. About this opportunity If you love supporting with regulatory reviews and compliance then this is the opportunity for you! This role is part of a specialist modelling team focused on building and delivering industry leading models within the Group. You’ll be responsible for ensuring specific models are appropriately validated, monitored and managed in line with Group and regulatory standards. You’ll be performing complex data processing using established procedures and testing new procedures to see if they might represent improvements over existing methods. You’ll play an important role in enabling others to use and benefit from existing data management systems. You’re expected to work independently to collate and analyse data using pre-determined tools, methods and formats. This role involves Investigating standard incidents with current regulatory and compliance processes, systems and procedures, taking action to solve immediate compliance issues and providing advice to more senior colleagues on more complex problems. We’re a growing team with additional headcount needed to support regulatory reviews and remaining compliant with our Policy. Failure to recruit will seriously threaten our ability to do this. Why Lloyds Banking Group From building a truly sustainable business to creating a place where people love to work, we need colleagues who are up for the challenge of our bold ambitions. Who are excited to push boundaries and make change happen. Together, we can grow with purpose. What you’ll need
- Experience: Model build experience and/or independent validation within a financial services organisation
- Judgement: Ability to utilise experience and knowledge to make sound model judgements, taking into account model performance, regulation and wider considerations
- Industry Knowledge: A sound and up-to-date understanding of modelling and validation techniques, governance, model documentation and relevant regulation
- Business Knowledge: Knowledge of banking business and associated risk management approaches sufficient to understand models in the context of the business
- Influence: Ability to communicate and influence on sophisticated issues, verbally and in writing (including model documentation), across all key partner groups
- Integrity: Has ethics and integrity at the heart of every decision, and creates an environment that encourages high performance, openness, honesty and integrity
- Effective relationship management, delivering successful business partnering whereby constructive challenge is undertaken in a timely and orderly fashion
- Experience of model validation processes at other Banks
- Machine Learning / Advanced Analytics experience, possibly gained in a nonbanking environment
- A generous pension contribution of up to 15%
- An annual performance related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 28 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Candidate Selection & Onboarding Process
Application & Resume Screening
Submit your tailored CV/Resume directly to the talent acquisition portal.
Technical & Competency Interviews
Virtual interviews with the hiring manager and multidisciplinary team.
Formal Offer & Benefits Negotiation
Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.
Onboarding & Corporate Integration
Equipment provisioning, team orientation, and commencement of duties.
United Kingdom Right to Work & Skilled Worker Visa Guide
Employment in the United Kingdom requires legal Right to Work verified under the Home Office Points-Based Immigration System:
Sponsoring employers must hold an active Home Office A-rated Sponsor License and assign a valid Certificate of Sponsorship (CoS). Role must meet the general minimum salary threshold (£38,700) or occupation going rate.
Continuous employment under Skilled Worker status establishes eligibility for Indefinite Leave to Remain (ILR) after 5 continuous years, leading to British Citizenship.
Candidate Preparation Blueprint: Banking & Lending
Based on transatlantic hiring benchmarks for ASSISTANT MANAGER, MODEL RISK AND VALIDATION-2 roles across Lloyds Banking Group's corporate sector, successful applicants typically excel across three core dimensions:
Demonstrated portfolio evidence, architecture/system design case studies, or validated professional certifications directly applicable to Banking & Lending.
STAR method competency responses highlighting cross-functional leadership, conflict resolution, and delivering measurable enterprise ROI under tight timelines.
Total compensation expectation aligned within the benchmarked £56,322 - £62,580 bracket, including retirement vesting and health parity.
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