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Job Description Summary

Job Description

The Role

You will use your expertise to support the delivery of the audit plan by executing risk based audits. Through this you will harness a deep understanding of business priorities, controls and risks to provide reliable, independent assurance and agree management actions to enhance the control framework.

What you’ll do…

Key Tasks and Responsibilities of the role include, but are not limited to:

• Support the Engagement Lead (EL) to deliver more complex audits of high quality, independent assurance and agree management actions to enhance the control framework to agreed plan.
• Lead elements of larger/complex audits with minimal support, and/or on less complex audits (where appropriate) undertake the Engagement Lead role and matrix management of the allocated team.
• Establish and build relationships with stakeholders to educate the business in the control framework and influence business processes and required actions to deliver control improvements.
• Work collaboratively across the risk / business audit matrix to develop an understanding of business priorities and risk appetite relevant to assigned Audits, identify key controls and evaluate their design effectiveness requiring only light supervision.
• Define, propose and complete testing of key controls for assigned Audits to evaluate their operational effectiveness requiring only light supervision.
• Highlight any control deficiencies for assigned Audits and draft issues and actions for inclusion in Draft Reports.
• Deliver assigned areas of Audits within agreed timescales, through collaboration with other colleagues keeping EL updated on progress and escalating issues and concerns promptly.
• Apply the Group Audit methodology and standards to identify and deliver high quality findings and robust supporting files.
• Ensure management actions address the root cause of findings, all findings are reported, followed up and management proposals to close are credible and fully supported by evidence ahead of recommending closure to the EL/Head of.
• Co-ordinate production and collation of team MI and status reports; take ownership for delivering team related activities ensuring the right level of quality is achieved and escalate as appropriate.
• Embrace continuous improvement through supporting change initiatives.
• Motivate, develop and collaborate within own team and across the wider function to drive higher performance and sustained results.

You must have a knowledge of all or some of the following...

• Knowledge of the generic elements of a model life cycle, and their associated risks;
• Actuarial and Insurance capital modelling, including reserving, longevity, liability and other insurance risk modelling, and solvency 2 requirements.
• Effective model risk management and governance;
• Statistical analysis and qualitative techniques for validating models;
• Credit risk modelling, regression based models, retail credit risk scorecards, Capital Requirements thereof, credit provision modelling techniques;
• Capital modelling and optimisation;
• Capital management frameworks and regulatory capital treatments;
• Stress testing and scenario analysis, including qualitative and quantitative techniques for firm wide stress testing, and knowledge of econometric modelling and forecasting;
• Other banking capital modelling techniques including concentration risk, interest rate risk in the Banking Book, modelling of risk in pension schemes;
• Analysis and modelling of market and credit risk, Value at Risk (VaR) and generic risk measures such as Greeks and stress testing;
• Asset liability management;

You will ideally be very technically oriented, so strong academic qualifications in a quantitative discipline are essential. An important part of the role is to review, challenge and identify areas of improvements. You will therefore be comfortable understanding the underlying methodologies and assumptions of models and their development and use.

As well as these technical requirements, it is key that you also possess good proven track record of delivery. Excellent analytical, presentational, report writing, and communication skills are essential.

Candidates will have an interest in and a wider appreciation of the business context of models and stress testing, and be able to demonstrate a high level of commercial awareness. They will possess an ability to quickly understand the practical business requirements of models and be able to pick up new or varied techniques beyond their experience to date.

What you'll get in return...

It is a very exciting time to join LBG. Together we'll continue our market leading, ground breaking transformation and you'll help us realise the Group’s vision to become the Best Bank for Customers. Here, you'll grow as a person and develop your career.

In addition to the salary quoted, the position also offers:

• Discretionary Performance Share Award
• Generous pension contribution
• A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
• Private health cover
• Share schemes
• 30 days holiday plus bank holidays

You’ll learn new skills and be given opportunities to grow and develop to help you achieve a rewarding and fulfilling career. We’re a very supportive team who care about your wellbeing. Our Hybrid ways of working means that you can find a work-life balance that suits you, with a mix of home and office working.

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.

Please get in touch if you need us to make any reasonable adjustments for you.

So if you have the skills we’re looking for, we’d love to hear from you!

Together we make it possible!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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'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.