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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 competitive salary, hybrid working, and comprehensive benefits package.
- 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 43200 - 72000 £ 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.
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? We know the best people want more than just a job. At Cynergy Bank, you will find:
- 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 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
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Cynergy Bank. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you're ready to discuss prudential risk modelling and regulatory frameworks in detail. We want to see your expertise shine!
✨Tip Number 3
Showcase your stakeholder management skills. Be ready to share examples of how you've influenced decisions or driven governance outcomes in past roles. This is key for the Senior Model Risk Lead position!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search.
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 is tailored to the Senior Model Risk Lead role. Highlight your experience in prudential risk modelling and any relevant regulatory frameworks. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model governance and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills: Don’t forget to mention your technical expertise, especially in Excel and Python. If you have other coding skills, throw those in too! We’re keen on seeing how you can leverage these tools in your role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it’s super easy – just follow the prompts and you’re good to go!
How to prepare for a job interview at Cynergy Bank Limited
✨Know Your Models Inside Out
As a Senior Model Risk Lead, you'll need to demonstrate strong technical expertise in prudential risk modelling. Brush up on your knowledge of liquidity, capital, IRRBB, and credit risk models. Be prepared to discuss how you've applied these in past roles and how they relate to the regulatory frameworks mentioned in the job description.
✨Showcase Your Stakeholder Management Skills
This role requires excellent stakeholder management skills, especially when engaging with regulators and senior committees. Think of examples where you've successfully influenced governance outcomes or navigated complex discussions. Highlighting these experiences will show that you can thrive in Cynergy Bank's collaborative environment.
✨Demonstrate Your Coding Proficiency
Proficiency in Excel and Python is essential for this position. Be ready to discuss specific projects where you've used these tools to analyse data or improve model performance. If you have experience with other coding languages, mention those too, as they could set you apart from other candidates.
✨Align with Cynergy Bank's Values
Cynergy Bank values putting the customer first and fostering innovation. During your interview, share how your personal values align with theirs. Discuss instances where you've prioritised customer needs or driven innovative solutions in your previous roles. This will help you connect with the company's culture and mission.
