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Job at Lloyds Banking Group in Greater London, EC2N Check similar jobs near me

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Audit Manager - Quantitative, Actuarial & AI Models

Job at Lloyds Banking Group in Greater London, EC2N

End Date Sunday 15 June 2025 Salary Range £87,552 - £97,280 We support flexible working – click here for more information on flexible working options Flexible Working Options Hybrid Working, Job Share Job Description Summary - Job Description JOB TITLE: Audit Manager - Quantitative, Actuarial & AI Models SALARY: £87,500 - £97,000 LOCATION(S): London, Edinburgh or Bristol HOURS: Full Time WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our hub locations. About this opportunity This role provides an excellent opportunity to join the Models Audit team, part of Group Audit. You will work within a leading audit function and gain exposure to a wide range of risk modelling, capital assessment and actuarial techniques across our insurance and banking businesses. As an Audit Manager you will lead the delivery of high-quality risk-based audits by harnessing a deep understanding of business strategy/priorities, controls, and risks to provide insightful independent assurance on the effectiveness of controls. Day to day responsibilities include; Contribute to the delivery of the audit plan, supporting the portfolio leads by project managing individual audits on their behalf. Support control testing and identify areas of concern, articulating the potential impact to senior management. Proactively suggest & deliver improvements to current audit processes by being bold. Bring the outside in by researching industry best practice and regulatory hot topics to enable analysis of key themes and external trends. Put the team first by coaching with purpose, being present with the team and openly communicating expectations. Why Lloyds Banking Group Like the modern Britain we serve, we are evolving. Investing billions in our people, data and tech to transform the way we meet the ever-changing needs of our 26 million customers. We are growing with purpose. Join us on our journey and be part of it! What you will need: A qualified/chartered actuary (FIA/FFA) or A degree in Mathematics, Statistics or any other highly numerate subject Specialist Actuarial experience in areas such as reserving, pricing, stress testing, capital and insurance risk modelling or Modelling experience (development or validation) in key areas such as credit risk (IRB, IFRS 9), market risk or counterparty credit risk models. The ability to deliver risk and control assurance activity that is timely, impactful, insightful and valued by stakeholders. The ability to understand and interpret Group and Business Unit Strategy and connect audit delivery and business monitoring insights to such strategies at the Macro level. The ability to analyse, understand and communicate data as information, and to use data to drive effective audit outcomes. And any experience of these would be useful: Experience working with coding languages such as Python. Knowledge of the generic elements of the model life cycle, and their associated risks. Understanding of Capital management frameworks and capital regulations relevant to Insurance (Solvency UK) and Banking (CRD IV, CRR and Basel) An understanding of effective model risk management and governance. About working for us Our focus is to ensure we are inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it is why we especially welcome applications from under-represented groups. We are disability confident. So, if you would like reasonable adjustments to be made to our recruitment processes, just let us know. We also offer a wide-ranging benefits package, which includes: A generous pension contribution of up to 15% An annual performance-related bonus Share schemes including free shares Benefits you can adapt to your lifestyle, such as discounted shopping 30 days’ holiday, with bank holidays on top A range of wellbeing initiatives and generous parental leave policies If you are excited by the thought of becoming part of our team, get in touch. We would love to hear from you! At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. 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 keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 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.

ID 1188071 Sectors:
in London, Greater London, England, EC2N

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