Senior Analyst – Forecasting Modelling

Agile Working Options

Hybrid Working, Reduced Hours

Job Description Summary

Part of a specialist modelling team focused on building and delivering industry leading models within the Group. Responsible for ensuring specific models are appropriately validated, monitored and managed in line with Group and regulatory standards.

Job Description

Job Title: Senior Analyst - Forecasting Modelling

Location(S): Leeds, Halifax, Bristol, Cardiff, Edinburgh

Hours: Full time

Working Pattern: Hybrid, 40% (or two days) in one of our office hubs

About this opportunity

Within this role, you'll play a fundamental part in the development of industry leading Retail (predominantly Mortgages) credit risk forecasting and stress-testing models, working collaboratively with other teams across Risk and Finance.

Using data, statistical analysis, and modelling skills, you’ll help senior colleagues across the Group understand how the credit risk of our portfolios respond under different economic conditions.

You'll be conducting analysis and communicating results, working as a team to achieve our goals. You’ll make a critical contribution to our stress testing, IFRS9 impairment and CRDIV capital calculations.

We're a technical team at the forefront of the Group’s new technology strategy, increasingly moving to python coding and soon, Cloud.

Your other accountabilities will include:

• Supporting the design, development, validation and implementation of Secured credit risk stress testing, impairment and capital forecasting models. Helping to ensure that all new models are technically sound and meet Group standards.
• Support the delivery of stress testing activities (Group planning exercises, regulatory stress testing submissions, ad-hoc Board requests).
• Helping to maintain the stress testing framework, by ensuring that production processes are in place and all implementations of models are fully tested and audited to internal standards.
• Contributing to the preparation of high-quality model approval / re-approval technical documents.
• Working with data every day; sourcing, collating and interpreting data from a number of internal and external data sources.
• You may be asked to research academic, technical and industry developments in the field of stress testing and credit risk forecasting.
• Engaging and partnering with others outside the team as necessary.

What you’ll need

• A quantitative degree (mathematics, economics, statistics, operational research, physics or engineering) or equivalent skills derived from commercial experience.
• Expertise in coding, for example SAS, R, Python or Apache Spark.
• Solid understanding of the fundamental principles of banking, credit risk management and economics and ability to adapt to changes across the Group and external market.
• Solid understanding of capital regulation and IFRS9.
• And any experience of these would be really useful
• Experience of stress testing and/or portfolio modelling would be an advantage, but other analytical experience is also welcome.
• Excellent verbal & written communication and presentation skills.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

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

• A generous pension contribution of up to 15%
• An annual bonus award, subject to Group performance
• 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

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey!

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.

We are proud supporters of Women in Data®.  Connect, engage and belong to the largest free female data community in the UK – visit: www.womenindata.co.uk to join our community.

APPLY HERE: Senior Analyst - Forecasting Modelling