Audit Manager - Quantitative, Actuarial & AI Models

Embark on a strategic career move as an Audit Manager - Quantitative, Actuarial & AI Models at Lloyds Banking Group. This is a compelling opportunity for seasoned professionals to join a dynamic team within Group Audit, playing a pivotal role in ensuring the effectiveness and integrity of critical risk models across the banking and insurance sectors.

This role offers a unique chance to deepen your expertise in a field at the forefront of financial services innovation. You will be instrumental in delivering high-quality, risk-based audits, leveraging a profound understanding of business strategy, controls, and emerging risks. The position is designed for individuals who are not only technically proficient but also possess the strategic vision to connect audit insights to macro-level business objectives.

Key Advantages for Candidates:

• Strategic Impact: Directly contribute to the stability and success of a leading financial institution by providing independent assurance on complex quantitative models.
• Exposure to Cutting-Edge Models: Gain hands-on experience with a diverse range of risk modelling, capital assessment, and actuarial techniques, including those related to AI.
• Career Development: This role offers significant opportunities for professional growth, learning, and development within a supportive and forward-thinking environment. The hybrid working model also provides flexibility to balance professional and personal life.
• Diverse Specialisations: The opportunity to focus on either Traded Risk or Credit Risk allows candidates to tailor their application to their specific areas of expertise and interest.
• Inclusive Culture: Lloyds Banking Group is committed to fostering an inclusive workplace where diversity is celebrated, and everyone feels they belong. They champion initiatives for under-represented groups and offer comprehensive support for employees.

Key Considerations for Your Career Path:

• Technical Rigor: Candidates will need a strong foundation in quantitative analysis, with specific requirements for actuarial qualifications (FIA/FFA) or degrees in Mathematics, Statistics, or a related numerate field for one specialization. Experience in developing or validating models related to credit risk, market risk, or counterparty credit risk is essential.
• Strategic Thinking: The ability to understand and interpret business strategy, connect audit findings to these strategies at a macro level, and communicate potential impacts to senior management is crucial.
• Proactive Improvement: A willingness to "be bold" and proactively suggest and deliver improvements to audit processes, bringing external best practices and regulatory insights into the team, will be highly valued.
• Data-Driven Approach: Proficiency in analysing, understanding, and communicating data as actionable information to drive effective audit outcomes is a core requirement. Experience with coding languages like Python would be a significant asset.
• Regulatory Knowledge: Familiarity with capital management frameworks and relevant regulations (e.g., Solvency UK, CRD IV, CRR, Basel) for both insurance and banking sectors is beneficial.

This role presents an exciting prospect for ambitious professionals looking to make a tangible difference in the financial services industry. If you possess a blend of technical expertise, strategic insight, and a commitment to continuous improvement, this Audit Manager position at Lloyds Banking Group could be the perfect next step in your career.