End Date
Friday 05 December 2025Salary Range
£0 - £0We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working, Job ShareJob Description Summary
.Job Description
JOB TITLE: Audit Analyst - Quantitative, Actuarial & AI Models
SALARY: £59,742 - £73,000
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
An opportunity to join the Models Audit team within Group Audit, focusing on risk modelling, capital assessment, and actuarial techniques across insurance and banking businesses. The role delivers high-quality, risk-based audits by leveraging a deep understanding of business strategy, controls, and risks to provide independent assurance on the effectiveness of controls.
Key Responsibilities:
Contribute to the delivery of the audit plan, supporting portfolio leads by project managing individual audits.
Support control testing and identify areas of concern, articulating the potential impact to senior management.
Build meaningful stakeholder relationships and develop a professional network.
Proactively suggest and deliver improvements to current audit processes.
Research industry best practice and regulatory hot topics to analyse key themes and external trends.
Role model Group values and behaviours.
Share timely, direct, and effective feedback that contributes to the successful delivery of the audit plan.
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!
Essential Skills & Experience:
Advanced degree in Mathematics, Statistics, or another highly numerate subject.
Strong knowledge of model risk management and the model life cycle, including associated risks.
Experience in auditing models, sound knowledge of audit methodology, and understanding of control frameworks.
Modelling experience (development or validation) in areas such as Trade Pricing Models, Traded Market Risk Models (VAR, IRC, FRTB), Portfolio Models, Counterparty Credit Risk Models, XVA Models, Margin Models, Economic Capital Models, Valuation and Reserve Models.
Understanding of regulations relevant to Insurance (Solvency UK) and Banking (PRA Rulebook, CRD IV, CRR, Basel, SS1/23, etc.).
Ability to deliver risk and control assurance activity that is timely, impactful, insightful, and valued by stakeholders, underpinned by a strong understanding of effective model risk management and governance.
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.
Ability to analyse, understand, and communicate data as information, and to use data to drive effective audit outcomes.
Ability to prioritise work effectively to ensure timely and valuable delivery.
Experience working with coding languages such as Python, auditing or reviewing AI/ML models for fairness, explainability, bias and performance.
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.
Top Skills
Lloyds Banking Group London, England Office
25 Gresham Street, London, United Kingdom, EC2V 7HN
