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 Validation team, we are looking for a Model Validator to boost our capabilities .The Bank develops and uses a wide range of internally and externally developed models in its various processes including Credit Risk, Market and Liquidity Risk, Underwriting and Pricing, Fraud Detection, Stress Testing and Economic Capital. In order to manage the risk stemming from reliance on those models, we’re dependent on knowledgeable and motivated people like you.
Your responsibilities
As Model Validator at Lloyds Bank, you'll keep busy with:
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Technical Validation of all aspects of risk models, including new developments, model changes and periodic validations
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Challenging data processing, statistical and business soundness of the model and model performance
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Deep-dive analyses of root causes of identified issues and assessing their impact on the model, its usability, and uncertainty
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Development of challenger models
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Clear, precise and structured reporting of the validation results
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Providing user feedback to improve the Model Risk Management and Model Validation Framework
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Participating in improvement initiatives such as automation of model testing and reporting
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Presentation of validation results to the Model Risk Committee
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Maintaining knowledge of Model Risk and regulatory requirements and standards
Your team
Model Validation team is responsible for:
- Independent Validation of the models;
- Maintenance of the Model Risk Management Framework and Model Validation Framework;
- Oversight of the process of Model (Risk) Management across the Bank;
- Model Risk Management and Reporting.
The Bank develops and uses a wide range of internally and externally developed models in its various processes including Credit Risk, Market and Liquidity Risk, Underwriting and Pricing, Fraud Detection, Stress Testing and Economic Capital.
In order to manage the risk stemming from reliance on those models, we’re dependent on knowledgeable and motivated people like you, who:
- Build relationships within the team in order to effectively perform the validation work and foster cooperation;
- Connect with Model Owners, Model Developers and Model Implementers, with the goal of effectively challenging the processes of model development, implementation and usage;
- Rely on their strong statistical background, combine it with the understanding of how Banks work, do their numbers and summarise them into concise and risk-based reports;
- Deliver actionable information to the management, enabling well-informed decisions with a positive impact on the Bank.
What we offer you
- Small and efficient team that gets things done
- International environment across two EU offices
- Freedom to work in Amsterdam or Berlin, with possibilities to travel to each location to connect with colleagues across the bank
- Challenging work environment that thinks outside the box and focuses on what matters
- Space to make an impact and improve the processes
- Work on different models across the Bank in line with your development goals and business needs
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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!
You and your experience
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
Qualifications
- University degree in a relevant subject (econometrics, statistics, quantitative finance, actuarial science, or similar)
Skills and 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
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 recruitment@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.
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.
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: recruitment@lloydsbank.nl, or use the application form on our website.
We hope to meet you soon!