Forecasting Modelling Analyst (Credit Risk) - United Kingdom - Technojobs

Forecasting Modelling Analyst (Credit Risk)

Premium Job From Lloyds Banking Group


Lloyds Banking Group

Listed on

10th November 2023


United Kingdom


£48816 - £54240

Salary Notes

plus excellent rewards package



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Senior Forecasting Modelling Analyst - Credit Risk

Salary: £48,816 - 54,240 + excellent rewards

Working Pattern: Hybrid, 40% (or two days) in an office site


At Lloyds Banking Group, we have a clear purpose; to help Britain prosper and to become the best Financial Services provider for our customers. Through our brands, our Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses and play a key role in helping to build a growing UK economy. We are looking for a Forecast Modelling Senior Analyst to help to deliver our vision by keeping the bank and customers safe while using the power of analytics and technology. In Forecast Modelling, we develop insight into our portfolios through use of quantitative tools and techniques to forecast the Group's credit risk.


What you'll be doing...

You'll play a fundamental part in the development of industry leading Retail credit risk forecasting and stress-testing models, working collaboratively with other teams across Risk and Finance.

Using data, statistical analysis, and modelling skills, you'll help the Board to understand how the credit risk of our portfolios respond under different economic conditions. You'll be conducting analysis and communicating results, working as a team to achieve our goals. You'll make a critical contribution to our stress testing, IFRS9 impairment and CRDIV capital calculations.

We are a technical team at the forefront of the Group's new technology strategy, while traditionally we have been a SAS modelling team we are increasingly moving to python and spark languages.


Other accountabilities include:

Supporting the design, development, validation and implementation of unsecured credit risk stress testing and impairment and capital forecasting models. Helping to ensure that all new models are technically sound and meet Group standards.

Support the delivery of stress testing activities (Group planning exercises, regulatory stress testing submissions, ad-hoc Board requests).

Helping to maintain the stress testing framework, by ensuring that production processes are in place and all implementations of models are fully tested and audited to internal standards.

Contributing to 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.

You may be asked to research academic, technical and industry developments in the field of stress testing and credit risk forecasting.

Engaging and partnering with others outside the team as required.


What we're looking for...

Key skills:

Degree with quantitative content (maths, economics, statistics, operational research, physics or engineering) or equivalent skills derived from commercial experience.

Expertise in coding in SAS, R, Python or Apache Spark.

Solid understanding of the fundamental principles of banking, credit risk management and economics and ability to adapt to changes across the Group and external market.

Working knowledge of capital regulation and IFRS9.


Desirable skills:

Experience of stress testing and/or portfolio modelling would be an advantage, but other analytical experience is also welcome.

Excellent verbal & written communication and presentation skills.


About working for us

Our focus is to ensure we're 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's why we especially welcome applications from under-represented groups.

We're disability confident. So if you'd 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 bonus award, subject to Group performance

Share schemes including free shares

Benefits you can adapt to your lifestyle, such as discounted shopping

28 days' holiday, with bank holidays on top

A range of wellbeing initiatives and generous parental leave policies


If you're excited by the thought of becoming part of our team?

Ready for a career where you can have a positive impact as you learn, grow and thrive?

Apply today and find out more.

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