employer cover photo
employer logo
employer logo

Lloyds Banking Group

Engaged Employer

Toxic culture and unqualified promotions undermine the company - Manager Model Risk Management Lloyds Banking Group Employee Review

1.0
May 26, 2026
Recommend
CEO approval
Business Outlook

Pros

Flexible Working is ok but can depend on Manager.

Cons

God what to say first. I have been here a while and to say its gone downhill is an understatement. Promotions are based on who you know, or more importantly if they help to hit a diversity target. The amount of underqualified promotions is shocking for a serious company. Model Validation is clearly one of the worst areas for this. We have a whole team for strategy who nobody knows what they do. Constant cutting staff and then projects understaffed. London huge hiring spree, and then 25% of London must go. All in 3 years. An not we have a massive bureaucratic performance evaluation structure which is designed to pick out the bottom 5% (whether they are doing their job or not) and put them on a performance plan. And they call it "Your Best" when its clearly designed to find the worst. Couldn't make it up

Explore other reviews about Lloyds Banking Group

5.0
Sep 9, 2025
Recommend
CEO approval
Business Outlook

Pros

Collaborative, friendly, inclusive, diverse and committed to driving innovation and change

Cons

Too many layers of management at times

3.0
Jul 7, 2025
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good culture in the firm

Cons

None come to the mind

See reviews by: Helpful|Rating|Date|All