Your role
We are seeking a highly skilled and motivated model owner to take ownership of key regulatory and internal models across the corporate portfolio. You will serve as the Designated Model Owner, ensuring models are developed, governed, and maintained in line with regulatory standards and internal policies. The ideal candidate combines deep technical expertise in credit risk, stress testing, and advanced modelling techniques with strong stakeholder engagement skills. You will play a pivotal role in regulatory interactions, model lifecycle management, and continuous innovation, driving improvements in model performance, explainability, and business integration.
A day in the life of a Model Owner Analyst
As a Model Owner, your day begins by reviewing updates on regulatory developments and model performance metrics. You might then dive into a working session with data scientists and risk analysts to refine a credit risk model or implementing the impact of a new stress testing scenario. Midday, you could be presenting model documentation to internal governance forums or preparing responses to regulatory queries. In the afternoon, you’ll collaborate with colleagues across Risk, Finance, and IT to ensure model outputs are fully integrated into business processes. You may also join a call with external model providers or Group colleagues to align on model enhancements. Throughout the day, you balance technical depth with strategic oversight—ensuring models are not only compliant and robust, but also delivering real value to the business.
Which team will you be joining?
The Integrated Risk Management (IRM) team, which is part of the wider Risk Management & Controlling (RMC) department at Lloyds Bank GmbH, is a team composed of 10 people with a substantial focus on corporate lending. Our team is at the forefront of identifying, assessing, and mitigating financial risks to ensure the bank's resilience and success. We are a diverse group of professionals who thrive on collaboration, innovation, and excellence and value who you are as much as what you can do.
Why Join Us?
- Impactful Work: Contribute to critical risk management initiatives that protect our clients and the bank.
- Collaborative Environment: Work alongside talented colleagues in a supportive and inclusive atmosphere.
- Professional Growth: Access opportunities for continuous learning and career advancement.
- Strategic Locations: Be based in either vibrant Berlin, Germany, or the dynamic city of Amsterdam, The Netherlands.
Your accountabilities
- Act as the Designated Model Owner (DMO) for credit risk models (e.g. F-IRB, IFRS 9.) used for the corporate portfolio.
- Support the onboarding of these models, e.g. from our Group, external providers and in-house developments.
- Ensure models are developed, maintained, and governed in compliance with internal policies and regulatory expectations (e.g., ECB, EBA, IFRS standards).
- Lead model lifecycle activities including development, documentation, validation, implementation, and periodic reviews.
- Prepare and present model documentation and technical details to internal and external stakeholders, including regulators and auditors.
- Support regulatory submissions and respond to regulatory feedback and findings as well as be a part of the core team during regulatory onsite inspections.
- Ensure full and proper usage of model outputs in the various areas of the customer lifecycle.
- Develop and maintain models used in stress testing exercises and forward-looking credit risk forecasting that meet EBA and ECB stress testing requirements.
- Apply advanced statistical, econometric, and machine learning techniques to improve model performance and robustness.
- Collaborate with data teams to ensure high-quality input data and appropriate data transformations.
- Maintain and enhance capital calculations including scenario design, impact analysis, and reporting for ICAAP and other regulatory stress testing exercises.
- Liaise with Risk Management, Finance, Regulatory Reporting, and IT to ensure model outputs are understood and appropriately used.
- Liaise with Lloyds Banking Group colleagues, both on the credit risk as well as on the modelling side.
- Manage external model provider(s) and participate in various model related expert groups related to these models.
- Communicate complex model concepts and results to non-technical stakeholders in a clear and concise manner.
- Provide subject matter expertise during internal committees and model governance forums.
- Monitor industry trends, regulatory developments, and academic research to identify opportunities for model innovation.
- Drive continuous improvement in model accuracy, efficiency, and explainability.
You recognize yourself in this profile
Skills and Capabilities
- Ability to translate complex model outcomes into business-relevant insights.
- Strong analytical and problem-solving skills.
- Excellent planning and organizational abilities.
- Self-motivated, and able to work under pressure.
- Hands-on mentality with a proactive approach to challenges.
- Excellent communication skills in English; Dutch or German is a plus.
Qualifications
Experience and Knowledge
- A minimum of 4-6 years of hands-on experience in validating, developing, maintaining, and utilizing credit risk models for corporate portfolios.
- Demonstrated expertise with IRB (PD, LGD, EAD) models, IFRS 9 impairment models, and/or stress testing frameworks.
- Strong familiarity with regulatory frameworks such as CRR/CRD, EBA Guidelines, ECB, and IFRS 9 standards.
- Project management skills with a comprehensive understanding of project lifecycles and the ability to lead certain project workstreams.
- Experience engaging with internal model validation teams, auditors, and regulators.
- Proficiency in programming languages such as Python, or SAS for model development.
- Advanced SQL or Databricks skills and experience handling large datasets within data warehouse environments.
- Extensive experience in the full model lifecycle, including development, documentation, validation, implementation, and monitoring.
- Familiarity with model risk management frameworks and model governance processes.
- Proven ability to present technical content to non-technical stakeholders, including senior management and regulators.
Some highlights of our benefits for you!
- 13th month salary, either paid monthly or once a year in December
- 30 days PTO (or 240 hours) per year (based on fulltime employment)
- Non-contributory pension scheme
- Flexible working; you can schedule your work hours to meet your personal needs
Your recruitment process
Apply to our vacancies by sending your CV and motivation letter to stanley.waccary@lloydsbank.nl, or use the application form on our website. After receiving your application, we'll review it and share a reply as soon as possible.
Your first chat with us will take place either online or at our Amsterdam office. The goal of this chat is get to know each other, and see if there's a match with the team, the organisation and the open position.
We're excited to have you meet additional collagues. The chat will take place either online or at our Amsterdam office, during which we'll dive deeper into the requirements of the position and the team you'll be joining.
Congratulations! We're happy to have you as our newest addition to the team. Do you feel the same way? Then you'll receive our offer by email. For most roles, a screening is part of the process. This will take place after accepting the offer.
About Lloyds Bank
Lloyds Bank GmbH is part of Lloyds Banking Group, a financial institution with a large clientele in the UK and other parts of the world. Together with our office in Berlin, we form Lloyds Bank GmbH with its headquarters in Amsterdam and we have over 500 colleagues.
We aim to lead by example in the bold decisions we make as a business, from where and how we invest, to the products and services we offer, and of course the workplace we create. We will search for new ways to work with people, communities and businesses, to always evolve with their needs. And we will never stop innovating to make sustainable, ethical choices easy and rewarding.
At Lloyds Bank GmbH we play an important part in peoples’ lives, by the products we offer, and also how we operate. We finance your mortgage, keep your savings secure and also provide you with a personal loan if you need this. In Amsterdam we do this with an enthusiastic team of approximately 200 colleagues from different nationalities, and with an engagement score of 93%, colleagues find us a real ‘Great Place to Work’!
With our grand ambitions, we are looking for new colleagues who will bring fresh ideas to help us grow!
Are you ready to join our journey?
Have we made you curious, and are you ready to join the team? Please introduce yourself to us in the best way possible and send this to: stanley.waccary@lloydsbank.nl, or use the application form on our website. A screening is part of the process.
We hope to meet you soon!
Acquisition to this vacancy is not appreciated.