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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 comprehensive benefits.
- 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.
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.
You will enjoy hybrid working, with 3 days in our London office and 2 days from home.
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.
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.
Cynergy Bank is the UK's human digital bank, combining personal service with smart technology to help ambitious businesses and individuals achieve their goals. 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.
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
✨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 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 regulatory frameworks to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk governance and how you can contribute to our team. Be genuine and let your personality come through.
Showcase Your Stakeholder Management Skills: Since this role involves engaging with regulators and senior committees, make sure to highlight your experience in stakeholder management. Share examples of how you've influenced outcomes in previous roles.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
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 specific examples of how you've overseen model governance or compliance in previous roles.
✨Showcase Your Technical Skills
Proficiency in Excel and Python is crucial for this role. Prepare to demonstrate your technical expertise during the interview. You might be asked to solve a problem or analyse data on the spot, so practice coding challenges or model validation scenarios beforehand.
✨Engage with Stakeholders
Excellent stakeholder management skills are key. Think of examples where you've successfully engaged with regulators or senior committees. Be prepared to discuss how you influenced decisions or drove governance outcomes in your past experiences.
✨Understand Regulatory Frameworks
Familiarise yourself with the PRA Rulebook and ICAAP/ILAAP requirements. During the interview, be ready to discuss how these frameworks impact model risk governance. Showing that you can navigate regulatory landscapes will set you apart from other candidates.
