Your role
We may be part of a large banking Group, but we’re a small, tight-knit bank with a focused business model and a young team. For our Model Risk Management and Model Validation team, we are looking for a Model Validator with proven experience in validating a broad range of (credit) risk models in an ECB-supervised environment. As a Model Validator you will ensure sound independent review of the Bank’s models while developing and maintaining stakeholder relationships. Would you like to be responsible for performing and leading validations, overseeing the management of model lifecycle and building a solid foundation for model risk management? Do you also enjoy mentoring other colleagues, communicating model validation results to stakeholders and management, and navigating the challenges coming our way from audit and regulatory/supervisory authorities? Do read further!
A day in the life of a Model Validator
After your morning coffee you sit with the team and discuss latest progress on the ongoing activities, exchanging insights and challenges. You engage in discussions with the team that worked on the development of the model you’re busy validating, where you challenge the methodological choices they made, comparing them to a challenger solution you and your colleagues came up with.
You grab lunch with a group of colleagues from another team, where you learn about the latest product developments that may affect the way our models are used as well as their performance – something to bear in mind and discuss with the model stakeholders later?
After lunch you get in touch with the Group colleague you regularly collaborate with on the Model Risk Appetite updates, facing the challenge of integrating the Group requirements with the specifics of the local business, portfolios and model landscape. You then integrate the solution into the slide deck you’ll later present to the management in the Model Risk Committee.
Towards the end of your workday you have your weekly 1-1 session with the junior colleague who is also working with you on the ongoing validation, where you challenge their results and mentor them as they tackle new challenges and expand their knowledge into a new area you’re already an expert in.
Which team will you be joining?
Model Risk Management and Model Validation is part of the wider Risk Management and Controlling Department, tasked with managing financial and model risks. Our mission is to facilitate the Bank’s development and operation of effective and useful models, while actively understanding and managing the challenges and risks that come with being a data-driven organisation. We do this by:
- Building relationships within the team in order to effectively perform the validation work and foster cooperation and growth;
- Connecting with Model Owners, Model Developers and Model Implementers, with the goal of effectively challenging the processes of model development, implementation and usage;
- Relying on our strong statistical background, combining it with the understanding of how Banks work, doing our numbers and summarising them into concise and risk-based reports;
- Delivering actionable information to the management, enabling well-informed decisions with a positive impact on the Bank;
- Interacting successfully with the Group colleagues, Internal and External Audit and Supervisory Authorities;
- Reporting on the developments in the Bank’s model risk landscape;
- Overseeing the process of managing all phases of model lifecycle;
- Staying up-to-date with the latest developments in the field.
You recognize yourself in this profile
Capabilities
- Highly analytical approach to problem solving
- Ability to assimilate complex mathematical information into actionable insights
- Hands-on mentality, proactive attitude and curiosity
- Attention to detail
- Ability to prioritise
- Excellent English communication skills, both verbal and in writing
Qualifications
Experience and Knowledge
- Experience in model development or validation in a financial institution, preferably an EU bank
- Solid knowledge of probability, statistics, hypothesis testing, statistical modelling, modelling assumptions, machine learning, model performance testing
- Programming skills in SQL/SAS/Python or similar languages
What's in it for you?
On top of being part of a great group of colleagues we offer you a position for 32 to 40 hours a week. This aligns with a compensation package in line with the market and excellent secondary employee benefits, including:
- A compensation package in line with the market with excellent secondary employee benefits
- 13th month salary, either paid monthly or once a year in December
- A position for 32 to 40 hours a week
- 30 days PTO (or 240 hours) per year (based on fulltime employment)
- You can ‘Swap Days’ to exchange Dutch National Holidays for another day of your choosing
- Non-contributory pension scheme
- You can join our collective medical scheme with a discount
- To support our Green goals, we encourage you to purchase a bike via our bike plan
- We want you to be healthy, so support you in joining a gym of your choosing through our sponsored (bedrijfs-) Fitness
- Get to know everyone in person and join the quarterly Connection Events
- Flexible working; you can schedule your work hours to meet your personal needs
- Hybrid working; you can work from anywhere, even work from another country within the EU
- And provide you with a home office set up
Your recruitment process
Apply to our vacancies by sending your CV and motivation letter to stanley.waccary@lloydsbank.nl, or use the application form on our website. After receiving your application, we'll review it and share a reply as soon as possible.
After you have submitted your application, our recruiter Stanley Waccary will reach out to you to plan a short introductory chat via Teams.
Your first chat with us will take place either online or at our Amsterdam office. The goal of this chat is get to know each other, and see if there's a match with the team, the organisation and the open position.
We're excited to have you meet additional collagues. The chat will take place either online or at our Amsterdam office, during which we'll dive deeper into the requirements of the position and the team you'll be joining.
Congratulations! We're happy to have you as our newest addition to the team. Do you feel the same way? Then you'll receive our offer by email. For most roles, a screening is part of the process. This will take place after accepting the offer.
About Lloyds Bank
Lloyds Bank GmbH is part of Lloyds Banking Group, a financial institution with a large clientele in the UK and other parts of the world. Together with our office in Berlin, we form Lloyds Bank GmbH with its headquarters in Amsterdam and we have over 500 colleagues.
We aim to lead by example in the bold decisions we make as a business, from where and how we invest, to the products and services we offer, and of course the workplace we create. We will search for new ways to work with people, communities and businesses, to always evolve with their needs. And we will never stop innovating to make sustainable, ethical choices easy and rewarding.
At Lloyds Bank GmbH we play an important part in peoples’ lives, by the products we offer, and also how we operate. We finance your mortgage, keep your savings secure and also provide you with a personal loan if you need this. In Amsterdam we do this with an enthusiastic team of approximately 200 colleagues from different nationalities, and with an engagement score of 93%, colleagues find us a real ‘Great Place to Work’!
With our grand ambitions, we are looking for new colleagues who will bring fresh ideas to help us grow!
Are you ready to join our journey?
Have we made you curious, and are you ready to join the team? Please introduce yourself to us in the best way possible and send this to: stanley.waccary@lloydsbank.nl, or use the application form on our website. A screening is part of the process.
We hope to meet you soon!
Acquisition to this vacancy is not appreciated.