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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 allowance.
- Why this job: Make a real impact on banking while growing your career in a supportive environment.
- Qualifications: Strong expertise in prudential risk modelling and proficiency in Excel and Python.
- Other info: Dynamic culture that values curiosity, innovation, and personal growth.
The predicted salary is between 43200 - 72000 £ per year.
Cynergy Bank was established in 2018 by entrepreneurs to serve the needs of business owners, property entrepreneurs and family businesses. We have a strong track record supporting businesses that want to scale up and provide over £3bn lending to scaling businesses across the UK, we also offer retail deposits to UK savers. Our vision is to provide a truly personalised service that is delivered through face-to-face relationships and enhanced by the latest technology.
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? 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 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 in London employer: Cynergy Bank
Contact Detail:
Cynergy Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Model Risk Lead in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Cynergy Bank and its values. Understand their approach to risk management and be ready to discuss how your skills align with their mission. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your experience and how it relates to the Senior Model Risk Lead role. Highlight your technical expertise and stakeholder management skills to make a lasting impression.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining Cynergy Bank and being part of our innovative team.
We think you need these skills to ace Senior Model Risk Lead in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in prudential risk modelling and regulatory frameworks. We want to see how your skills align with the Senior Model Risk Lead role, so don’t hold back!
Showcase Your Technical Skills: Don’t forget to mention your proficiency in Excel and Python, as well as any other coding skills you have. We’re looking for someone who can dive deep into model risk governance, so let us know what you bring to the table!
Highlight Stakeholder Management: Your ability to engage with regulators and senior committees is crucial. Share examples of how you've influenced governance outcomes in your previous roles. We love seeing candidates who can communicate effectively and drive results!
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
✨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 managed or overseen these models in the past.
✨Showcase Your Stakeholder Management Skills
Engagement with regulators and senior committees is key in this role. Prepare to share experiences where you've successfully influenced stakeholders or navigated complex discussions. Highlight your ability to challenge and drive governance outcomes effectively.
✨Demonstrate Technical Proficiency
Proficiency in Excel and Python is crucial for this position. Be prepared to discuss your technical skills and how you've applied them in real-world scenarios. If you have experience with other coding languages, mention those too!
✨Align with Cynergy Bank's Values
Cynergy Bank values customer focus, risk management, and innovation. Familiarise yourself with their mission and values, and think about how your personal values align with theirs. Be ready to articulate how you can contribute to their culture and goals.
