Risk Placement at Lloyds Banking Group

Top Employer
Placement Year (10 Months+)
Application Deadline
28th February 2021
Salary Band
£18,000 - £19,999
£18,500 salary (£21,950 in London)
Role May Involve
Business Analytics Computer and Systems Engineering Information Technology Mathematics/Statistics

Connect with this company

Lloyds Banking Group is a Top Employer
“The internship was very enjoyable and was a great insight into the world of Commercial Banking. I thoroughly enjoyed spending time with the Birmingham team and learning about the various different roles that make up the 'front-line' team. In addition, I was given ownership of a few challenging projects which again enhanced my experience and levels of enjoyment…” - Read full review

- 1293 reviews

Risk Placement

We’re looking for hardworking and motivated industrial placement students to join our Risk Management, Pricing and Transformation Teams in multiple locations across the country. You'll quickly feel part of our team thanks to friendly colleagues and a positive working environment.

We’re a large and diverse organisation with a wide range of roles on offer. Broadly, there are two types of opportunity available to you depending on the skills you possess, where you're passionate about contributing and developing during your time with us. The majority of the opportunities are technical, but we welcome applications from all backgrounds. Applicants should have excellent A-levels, a record of achievement and initiative beyond their academic studies, with a strong desire to succeed.

During the Coronavirus pandemic, all non-customer-facing staff in the company (including our current intake of industrial placement students) are all working from home. This has been challenging but we’ve adapted quickly. We managed to onboard our new students by sending out IT equipment directly to their homes and we provided lots of support and training by video conferencing.

Assessments for this scheme will definitely be carried out remotely this year (by video link and phone), with no travel required. If the pandemic situation remains the same by the summer, then this placement may start on a “working from home” basis. Working from home for all LBG colleagues must be within the UK, so if you are a foreign student you will need to relocate to the UK if you secure a placement. We remain hopeful that we will get back into offices at some point in 2021 therefore office location is still important, and so if successful, you should be prepared to attend the office location you are allocated to on a full time basis as soon as it is safe to do so.

Technical Analysts

  • Strong numerical skills
  • An analytical mindset
  • An ability or an interest in learning and using coding skills

As a Technical Analyst, you might be analysing credit risk such as the likelihood of customers making repayments. You could be developing models to assess customer behaviour, be at the heart of our regular stress testing activities required by our regulators or help determine how our products are priced.

Many of the roles use SAS which is a leading business programming language used for reporting, analysing and modelling our rich customer data. Previous experience of this is advantageous, but is not expected.

Non-Technical Analysts

  • Strong attention to detail
  • Great organisational skills
  • Engaging communication skills and the ability to influence others

As a Non-Technical Analyst, you could find yourself in one of a broad range of positions - perhaps analysing operational risks or helping to set risk policy. You could play an important role in one of the many huge change projects across the bank. You could even help manage the communications to the whole Risk Division.

There are relatively fewer opportunities available in this category.

Working at Lloyds Banking Group

The Group is committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can succeed on merit. As an equal opportunity employer we follow a clear set of values which promote a positive, collaborative and creative working environment. We have gained various awards to reflect our progressive culture which include:

  • Times Top 50 Employer For Women
  • Stonewall Top 100 Employer
  • Gold Standard 2018 from the Business Disability Forum
  • Best Bank in the World for Diversity and Inclusion from Euromoney Awards 2017
  • Times Top 100 Graduate Employer

As well as offering a great place to work we’ll give you:

  • £18,500 salary (£21,950 in London)
  • 23 days holiday (plus bank holidays)
  • Structured training and development opportunities
  • Opportunities to build excellent working relationships and networks in one of the country’s largest businesses
  • The chance to get involved in charity and community work
  • Many of our top placement students benefit from a recommendation to join our highly competitive and prestigious graduate schemes

About Lloyds Banking Group

At Lloyds Banking Group we all have something unique to offer - but we share a common purpose to make a positive difference to people, businesses and communities across the UK; helping Britain prosper.

We are a major UK financial services group with over 320 years of history, and what we do really matters to the lives of millions. Through some of the most well-known financial brands like Lloyds Bank, Halifax, Scottish Widows, MBNA and Bank of Scotland, we provide trusted services to over 30 million UK customers.

Our focus is to become the bank of the future, and with over 14 million online and 10 million mobile users, we’re constantly exploring how to bring new digital solutions to our customers. With new technologies constantly emerging and evolving, it’s an incredible time to discover how you can be part of a transforming industry, and discover the impact you can make.

How to Apply

To apply, please send an e-mail to: RiskIndustrialPlacements@LloydsBanking.com which should include:

  • A cover letter
  • An up to date CV
  • A completed excel application form, you can download the form from this link – (Only applications in excel format will be accepted.)

Early application is encouraged as roles will be filled as applications are received.

Please ensure all documents are attached as files to the application email. Please do not send One Drive or other cloud service links.