Lloyds Banking Group
What you’ll be doing
Lead in the development of industry leading Commercial Banking credit risk forecasting and stress-testing models with a specific focus on econometric modelling and forecasting, working collaboratively with other teams across Risk and Finance.
Using data, statistical analysis and modelling skills, you can help the Board to understand how the credit risk of our portfolios respond under different economic conditions. You’ll be hands on, conducting analysis and communicating results, working as a team to achieve our goals. You’ll make a critical contribution to our stress testing, IFRS 9 impairment and CRDIV capital calculations !
Forecasting Modelling is a highly numerate and technical team at the forefront of the Group’s new technology strategy, with strong R and SAS programming experience, increasingly moving to python and spark languages !
Other accountabilities include:
Responsible for the design, development, validation and implementation of all econometric model components that are used within commercial credit risk stress testing, impairment and capital forecasting models. Ensuring all new econometric models are technically sound and meet Group standards.
Supporting the broader delivery of stress testing activities (Group planning exercises, regulatory stress testing submissions, ad-hoc Board requests).
Maintaining all econometric forecasting model components used within the stress testing framework, ensuring that all implementations of models are fully tested and audited to internal standards as well ensuring these are maintained in governance
Coordinating 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.
Building relationships, engaging and partnering with others outside the team to deliver together.
You may be asked to research academic, technical and industry developments in the field of econometric forecasting within a credit risk stress testing context.
What we’re looking for
Are you passionate about econometrics and statistical modelling and looking to make a difference ? If yes, we value the following
Degree with quantitative content (economics, maths, statistics, operational research, physics or engineering) or equivalent skills derived from commercial experience.
Expertise in coding in R, SAS, or other statistical or econometric software packages as well as being knowledgeable and proficient in using economic time series published by the ONS, Bank of England, etc.
Excellent understanding of econometric modelling principles as well as fundamental principles of banking, credit risk management. Ability to adapt to changes across the Group and external market.
Working knowledge of capital regulation and IFRS9.
Experienced in people management, project planning & delivery.
Experience of econometrics and forecasting.
Experienced of stress testing would be an advantage, but other analytical experience is also welcome.
Excellent verbal & written communication and presentation skills.
Lloyds Banking Group is an equal opportunity employer and deeply value diversity within our organisation.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to enjoy an inclusive working environment. Please contact us to request accommodation.