Head of Retail Financial Risk Insight and Analytics

This role is all about taking ownership and driving insight of Group ECL and RWA for Risk across actuals, forecasting and stress testing;

it needs a deep technical understanding leading to exceptional communication of material drivers to different audiences.

You will shape the strategic direction of the function, working closely with a wide range of stakeholders; leading and inspiring a large team.

Responsibilities :

Ownership and insight You will have end to end ownership of Group ECL and RWA for Risk including 2nd line assessment of provision adequacy and oversight of RWA, forecasting and stress testing;

You will regularly engage explain and communicate results and drivers upwards and outwards to the RSO, CRO, CFO and other members of senior Financial Risk Committees, and the PRA as required.

Retail ECL and RWA actuals and forecasting You will lead a team to shape and provide insight / explanation and communication of results, forecasts and risks to the financial position, for core Retail portfolios across models and judgements, using emulators and advanced analytics to drive insight.

You will fully embed an appropriate control framework to meet 1RCSA and SoX.

• Retail ECL and RWA stress testing - You will lead a team to deliver all stress testing results (for PRA, ICAAP and all other stress testing requirements), using judgements to mitigate risks from limitations in the model design, new emerging risks or impacts not captured in the calculation process, and explain those results to senior stakeholders and the PRA.


• Strategic direction - You will shape the end to end strategic roadmap across calculation in FinRIQ, identifying opportunities to redesign end to end processes across technology, models, people, data and embedding control by design.


• Influencing You will develop and maintain effective working relationships with a wide range of stakeholders in order to make fast and effective decisions across stakeholders and to always operate at pace and with a sense of urgency.


• Lead and inspire a team - You will paint a compelling picture of the vision and strategy for managing Financial Risk in FinRIQ, and build the skills of the future across the team to change at pace, through exemplary leadership skills, open and honest communication, role modelling a growth mindset, coaching the team and providing feedback at every opportunity.
  
  An analytical thinker with strong grasp of technical details and risk / financial modelling techniques ; You have a degree in a highly numerate subject, and previous experience of model development or the development of complex analytical techniques.


• You will show outstanding communication skills to articulate your thinking, making the complex simple, understanding stakeholder perspectives and pre-empting challenges.


• Displaying strong leadership, you'll ensure your team are motivated, engaged, developed and appraised to achieve the high performance needed in LBG today.


• Has a passion for and understanding of new technology, and a desire to grab the opportunities for new ways of thinking and working across the team, that technology can unlock.


And any experience of these would be really useful :

• Presenting complex material to senior stakeholders


• Using analytical skills to make data driven decisions and explain those decisions to non- technical stakeholders.


• Significantly changing ways of working - both what work is done, and how it is delivered.


• Being able to work with and influence a wide range and style of stakeholders.
  
  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 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


Want to do amazing work, that's interesting and makes a difference to millions of people? Join our journey.

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.