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- Tasks: Lead model risk governance and ensure compliance with regulatory standards.
- Company: Join Cynergy Bank, the UK's human digital bank, recognised for innovation.
- Benefits: Enjoy a competitive salary, hybrid working, and generous holiday options.
- Why this job: Make a real impact on banking while driving personal and professional growth.
- Qualifications: Strong expertise in prudential risk modelling and excellent stakeholder management skills.
- Other info: Dynamic environment with opportunities for training and development.
The predicted salary is between 36000 - 60000 £ per year.
Shape the future of Prudential Risk and Model Governance at Cynergy Bank. Join us as a Senior Model Risk Lead and make a real impact by strengthening our risk management framework and supporting strategic decision‐making through robust model oversight.
What's the opportunity?
This is a permanent opportunity within our Prudential Risk team, based in London with hybrid working. As Senior Model Risk Lead, you will provide second‐line oversight of the Bank's financial models across Liquidity, Capital, IRRBB, Credit risk/IFRS9, and product pricing. You will play a key role in Governance, Regulatory compliance, and risk assurance, reporting to the Head of Prudential Risk.
Where You will Work
You will enjoy hybrid working, with 3 days in our London office and 2 days from home.
Why Join Us?
- Impact: Drive model risk governance and oversight, ensuring compliance with regulatory standards and supporting strategic planning.
- Growth: A culture that champions curiosity, innovation, and personal growth at every stage.
- Flexibility: A culture that values work‐life balance, supported by our hybrid working model.
- Rewards: Recognition for your skills and contribution, including annual bonus opportunities and a comprehensive benefits package.
How You Will Make an Impact
- Provide second‐line oversight of key prudential models (liquidity, capital, IRRBB, credit risk).
- Lead Model Risk 2LOD governance activities, including Model Governance Committee (MGC) and Steering Group.
- Review and challenge model risk metrics, stress testing, and validation processes.
- Ensure compliance with the Model Risk Governance Framework and Enterprise Risk Management Framework.
- Support regulatory submissions (ILAAP, ICAAP) and prudential risk reporting, especially with regards to model/EUC oversight.
- Contribute to model development oversight and bank‐wide data initiatives.
What You Will Bring
- Strong technical expertise in prudential risk modelling and regulatory frameworks (PRA Rulebook, ICAAP/ILAAP).
- Proficiency in Excel and Python; other coding skills advantageous.
- Degree‐level education; professional qualifications such as FRM, CFA, or ALMA desirable.
- Excellent stakeholder management skills, including engagement with regulators and senior committees.
- Ability to influence, challenge, and drive governance outcomes.
How We Will Support You
At Cynergy Bank, we are committed to your wellbeing and success. We know everyone's needs are different, so our benefits are designed to support you at every stage of your career and life. Here is a snapshot of what we offer:
- A salary and bonus package designed to recognise your skills and contribution.
- 25 – 30 days holiday (with the option to buy 10 more).
- Award‐winning pension savings scheme.
- Healthcare, life assurance, and income protection.
- Hybrid working (3 days office, 2 from home).
- Training and development opportunities.
- Plus, a range of extras including lifestyle discounts, recognition awards, and volunteering initiatives, all designed to keep you supported and thriving.
Who Are We?
Cynergy Bank is the UK's human digital bank, combining personal service with smart technology to help ambitious businesses and individuals achieve their goals. We know that professional and personal lives often overlap, so our mission is to support customers in all their interdependent banking needs. Since 2018, we have lent over £4bn to scaling businesses and partnered with leading firms to deliver the future of banking. Named Bank of the Year 2025 by MoneyAge, we are recognised for our commitment to customers, innovation, and tailored solutions. This award reflects our team's dedication to delivering exceptional banking experiences, powered by cutting‐edge technology.
Our values shape everything we do: Putting the customer first, Risk front and centre, Opportunity, empowerment and innovation, United team inclusive and diverse, and Doing the right thing. These principles guide our decisions, drive our culture, and ensure the best outcomes for our customers and colleagues.
This advert covers the main responsibilities and requirements. A full job description will be shared with shortlisted candidates. If you don't meet every requirement, we still encourage you to apply as we value potential as much as experience.
At Cynergy Bank, we use anonymous screening at the first stage of recruitment, ensuring every application is reviewed fairly, based on skills and experience alone. The closing date for applications is Sunday 1st February 2026. Please note, we may close the advert early if we receive a high volume of applications. Apply now to help shape the future of human digital banking at Cynergy Bank.
Senior Model Risk Lead Risk - Prudential Risk · London · employer: Cynergy Bank Limited
Contact Detail:
Cynergy Bank Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Model Risk Lead Risk - Prudential Risk · London ·
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to folks on LinkedIn. Building relationships can open doors that a CV just can't.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common questions. Show them you know your stuff about prudential risk and model governance. Confidence is key, so don’t forget to showcase your skills!
✨Follow Up
After an interview, drop a quick thank-you email to express your appreciation. It shows you're keen and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit for the role!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen. Plus, you’ll find all the latest opportunities right there, tailored just for you.
We think you need these skills to ace Senior Model Risk Lead Risk - Prudential Risk · London ·
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Senior Model Risk Lead role. Highlight your technical expertise in prudential risk modelling and any relevant qualifications like FRM or CFA.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about model risk governance. Share specific examples of how you've driven compliance and oversight in previous roles, and don’t forget to mention your stakeholder management skills!
Showcase Your Technical Skills: Since proficiency in Excel and Python is key for this role, make sure to include any relevant projects or experiences that demonstrate your coding abilities. We want to see how you can apply these skills in a practical setting.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Cynergy Bank Limited
✨Know Your Models Inside Out
As a Senior Model Risk Lead, you'll be expected to have a strong grasp of prudential risk modelling. Brush up on your knowledge of liquidity, capital, and credit risk models. Be ready to discuss how you would approach model validation and stress testing during the interview.
✨Showcase Your Technical Skills
Proficiency in Excel and Python is crucial for this role. Prepare to demonstrate your technical expertise by discussing past projects where you've used these tools. If possible, bring examples of your work or be ready to solve a problem on the spot.
✨Engage with Stakeholders
Stakeholder management is key in this position. Think of examples where you've successfully engaged with regulators or senior committees. Be prepared to discuss how you influence governance outcomes and handle challenging conversations.
✨Understand Regulatory Frameworks
Familiarise yourself with the PRA Rulebook and ICAAP/ILAAP requirements. During the interview, highlight your experience with regulatory compliance and how you've ensured adherence to governance frameworks in previous roles.
