Are you ready to take the next step in your career as a leader in credit risk model development? Lloyds Bank is seeking an experienced and proactive Team Lead for Model Development and Monitoring to join our expanding Risk Management & Controlling (RM&C) department. This is your opportunity to drive the development and monitoring of credit risk models across a growing portfolio of retail products, ensuring regulatory compliance and business integration while leading and developing a talented team.
Your Role
As Team Lead Model Development and Monitoring, you will be responsible for leading a team of risk modellers, overseeing the full lifecycle of credit risk model development and monitoring. Your work will support key areas such as IRBA, IFRS 9, credit decisioning, ICAAP, forecasting, and stress testing. You will act as a strategic partner to senior management, drive operational excellence, and ensure our models are at the forefront of compliance and innovation.
A day in the life
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Begin your morning reviewing the latest model monitoring dashboard and identifying any performance drifts in specific retail portfolios. You’ll take note of issues to discuss with the responsible modeler.
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Participate in a team stand-up meeting to strategize the development of an IRB rating system for a recently launched mortgage product. Anticipate prerequisites, data set-up needs, and stakeholder involvement, which you’ll incorporate into the model development and monitoring plan.
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Prepare for regulatory meetings, ensuring all model changes are well-documented and compliant with current guidelines.
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Meet with IT and Data colleagues to advance automation of model monitoring and integrate new data sources.
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Engage with risk and business stakeholders to explore the use of AI in new models, particularly those supporting customer onboarding.
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Draft concise updates for senior management, highlighting key achievements and emerging risks in the model landscape.
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Before finishing the day, support new team members by answering questions and sharing best practices for model development.
About the Team
You’ll be joining a dynamic team of talented modellers located across The Netherlands, Germany and Poland. Our team combines diverse levels of experience and expertise, all united by a strong focus on developing and maintaining credit risk models that are critical to the bank’s core business. We work closely with stakeholders to ensure our models drive informed decisions and deliver real impact. Collaboration is key: our projects are varied and often run in parallel, offering plenty of opportunities to learn, innovate, and contribute to meaningful outcomes. If you enjoy working in an environment that values teamwork, technical excellence, and business relevance, you’ll feel right at home here.
Why Lloyds Bank?
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Impactful Work: Shape the bank’s risk management and strengthen credit risk modelling.
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Collaborative Environment: Work with skilled teams across Amsterdam, Berlin, and Poland.
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Full Integration: Gain insight into data, model development, business decisions, and regulatory reporting.
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Professional Growth: Lead an ambitious team and develop your leadership and technical skills.
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Diverse Locations: Join a multicultural team within Lloyds Bank’s core risk function.
What You’ll Do
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Lead and develop a high-performing team of risk modellers, fostering collaboration and excellence.
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Oversee the credit risk model landscape, driving continuous improvement and issue resolution.
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Manage end-to-end model development and monitoring for retail portfolios.
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Ensure all models comply with internal policies and external regulations (such as CRR and EBA).
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Maintain and enhance standards for model development and monitoring, including automation and efficiency in reporting.
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Act as a strategic partner, advising senior management and the Board on model-related matters.
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Build strong cross-functional relationships with Risk, Business, IT, and Data teams.
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Deliver model lifecycle tasks on schedule, identifying and mitigating risks.
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Support the adoption of new modelling platforms and tools.
About You
Skills & Capabilities
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Analytical mindset with excellent problem-solving abilities.
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Strong planning, organisational, and time management skills.
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Ability to communicate complex technical concepts clearly to non-technical stakeholders.
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Self-starter with a hands-on approach and ability to deliver results under pressure.
Qualifications
Postgraduate degree in a relevant field (e.g., econometrics, statistics, mathematics, operational research).
Experience & Knowledge
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Extensive experience in leading credit risk model development within ECB or EU-regulated entities.
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Proven team leadership skills, with a track record of building and guiding high-performing teams.
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Strong understanding of the model lifecycle and regulatory frameworks (IRB, CRR, EBA standards).
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Hands-on experience with retail capital models and direct engagement with regulators, including onsite inspections.
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Advanced technical proficiency in Python, SQL, Databricks, and contemporary risk management methodologies.
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Expertise in stakeholder engagement and effective cross-functional collaboration.
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Outstanding English communication skills (verbal and written).
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 full-time employment).
- Non-contributory pension scheme.
- Flexible working; you can schedule your work hours to meet your personal needs.
Your recruitment process
Apply
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.
Introductory call via Teams
After you have submitted your application, our recruiter Stanley Waccary will reach out to you to plan a short introductory chat via Teams.
The first interview
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.
The second interview
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.
The offer
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?
If you are passionate about risk modelling and want to make a real impact within a dynamic and collaborative environment, we would love to hear from you. Please send your CV to: stanley.waccary@lloydsbank.nl. A screening is part of the process.
We hope to meet you soon!
Acquisition to this vacancy is not appreciated.