Assistant Manager, Model Validation Quant reference: 149230

Job Opportunity Review: Assistant Manager, Model Validation Quant at Lloyds Banking Group

This is a compelling opportunity for a quantitatively skilled professional to join the Model Risk Office at Lloyds Banking Group, specifically within the Markets & AI Modelling team. This role offers a chance to contribute significantly to the financial integrity and innovation of a leading financial institution.

Advantages for Potential Candidates:

• Impactful Work: You will be at the forefront of ensuring rigorous standards and robust practices in model validation, directly influencing valuation and risk management of derivatives. This is a crucial function within a major financial group.
• Intellectual Challenge: The role involves in-depth theoretical assessments of complex pricing models across various asset classes, requiring strong analytical and problem-solving skills.
• Technical Development: You will gain hands-on experience benchmarking Front Office pricing models using industry-standard programming languages like C++ and Python. There's also an opportunity to develop and enhance internal tools, fostering efficiency and innovation.
• Career Growth and Development: Lloyds Banking Group emphasizes personal development and offers considerable scope for growth within a dynamic and challenging environment. The "Markets & AI Modelling" team itself suggests exposure to cutting-edge financial technology.
• Flexible Working: The organization champions flexible working, including hybrid arrangements (minimum two days in office or 40% time) and job sharing, allowing for a better work-life balance.
• Competitive Compensation: The salary range of £63,711 - £70,790 reflects the seniority and specialized skills required for this position.
• Comprehensive Benefits: Beyond the salary, candidates can expect a generous pension contribution, annual performance-related bonuses, share schemes, adaptable lifestyle benefits, ample holiday entitlement, and a strong focus on well-being and parental leave.
• Commitment to Diversity and Inclusion: Lloyds Banking Group has a strong and demonstrable commitment to diversity, equity, and inclusion, with various initiatives and support systems in place to ensure everyone can thrive. They are also a Disability Confident Leader, guaranteeing interviews for eligible applicants.
• Purpose-Driven Organization: The group's clear purpose to "help Britain prosper" and their focus on making a positive difference to customers, businesses, and communities provides a strong sense of professional fulfillment.

Key Considerations for Your Career Path:

• Educational Foundation: A Master's degree or higher in a quantitative discipline is essential, demonstrating the need for a strong academic background in areas like Mathematics, Physics, or Quantitative Finance. Equivalent experience in a highly quantitative role can also be considered.
• Technical Prowess: A solid theoretical understanding of derivative pricing models, stochastic calculus, partial differential equations, and Monte Carlo methods is a prerequisite. Proficiency in C++ and/or Python, including library architecture design, is highly desirable.
• Analytical Acumen: The role demands excellent problem-solving, critical evaluation, and time management skills. You must be adept at articulating complex mathematical concepts clearly, both in writing and verbally.
• Independent Work Ethic: While part of a dynamic team, the ability to work independently, meet deadlines, and perform under pressure is crucial.
• Financial Domain Knowledge: Prior experience in a Model Validation or Front Office Quant role, coupled with a strong understanding of financial derivatives and risk modelling, will significantly strengthen your application.
• Regulatory Awareness: Familiarity with regulatory expectations related to model risk is a valuable asset, indicating the importance of understanding compliance within the financial sector.
• Adaptability: The financial landscape is constantly evolving, particularly with the integration of AI. A willingness to adapt and learn in a changing environment will be key to long-term success.

This Assistant Manager, Model Validation Quant position at Lloyds Banking Group presents an exceptional opportunity for individuals seeking to leverage their quantitative expertise in a challenging and rewarding environment. It's an ideal role for those who are not only technically proficient but also driven by a desire to contribute to a responsible and innovative financial future.