At a Glance
- Tasks: Build and maintain QRM models, collaborate with teams, and enhance model capabilities.
- Company: Join Lloyds Banking Group, a leader in financial services with a commitment to diversity.
- Benefits: Enjoy a competitive salary, generous pension, 30 days holiday, and flexible working options.
- Other info: Opportunities for career growth and a supportive culture focused on inclusion.
- Why this job: Make a real impact in a visible role while developing your skills in a dynamic environment.
- Qualifications: 2+ years experience with QRM and Excel, strong communication skills, and a proactive attitude.
The predicted salary is between 72702 - 80780 € per year.
An opportunity has arisen for an accomplished Manager to work closely with the Senior Manager, IRRBB in delivering best in class modelling and reporting to a broad range of stakeholders. This is a highly visible role with exposure to senior colleagues across Group Corporate Treasury and Risk, in addition to the full customer balance sheet.
This 6 month Fixed Term Contract opportunity has arisen for an accomplished Manager to work closely with the Senior Manager, IRRBB in delivering best in class modelling and reporting to a broad range of stakeholders. This is a highly visible role with exposure to senior colleagues across Group Corporate Treasury and Risk, in addition to the full customer balance sheet.
What you’ll be doing:
- Build and maintain QRM models for Net Interest Income (NII), and Market Value (MV) calculations
- Establish and build effective relationships with Risk and Finance partners to support the delivery of business assumptions into QRM and supporting stress testing
- Lead change and testing efforts for QRM model enhancements, including UAT planning and execution
- Producing and completing test output governance, including documentation
- Collaborate with Treasury, Risk, and Finance partners to gather requirements and deliver model improvements
- Ensure models align with regulatory expectations (e.g., ICAAP, SOTs, stress testing) and internal governance standards
- Manage and minimise operational risks via robust control frameworks underpinning processes
- Continuously strive for process improvements to enable time for value adding activity and qualitative review
- Support agreed change initiatives to deliver agreed objectives of IRRBB team
- Support simplification of the ALM model and continued development of model assumptions, including the development of dynamic modelling and back testing
What we’re looking for:
- 2+ years’ experience using QRM
- 2+ years’ experience with Excel functionality and capabilities to proactively review, challenge and streamline existing models or build new modelling capability
- At least 2 years’ experience in confidently explaining technical topics both verbally and in business commentaries
- 12 months or more proven ability to debate and influence with senior stakeholders
- Proven experience within the last 12 months of a high level of intellectual capacity driving an ability to grasp new techniques quickly
- At least 12 months experience of key Market Risk management techniques including: Net Interest Income Sensitivities, Market Value, Basis Risk, Stress Testing
- Current awareness of market and industry environment including an in-depth knowledge of LBG products and organisation
And any of these would be great:
- Positive attitude with enthusiasm to contribute to an engaged team culture
- Self-awareness and ability to drive own development
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual performance-related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Ready to make an impact? Apply today!
ALM Modelling Developer employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment in Leeds with a strong commitment to employee growth and inclusivity. With a generous benefits package that includes a substantial pension contribution, flexible working options, and a focus on diversity and wellbeing, employees are empowered to thrive both personally and professionally. Join us to be part of a transformative journey in financial services, where your contributions will make a meaningful impact on our customers and communities.
StudySmarter Expert Advice🤫
We think this is how you could land ALM Modelling Developer
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to ALM modelling. We recommend doing mock interviews with friends or using online platforms to boost your confidence.
✨Tip Number 3
Showcase your skills! Bring examples of your work or projects to the interview. This not only demonstrates your expertise but also gives you a chance to discuss your thought process.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can keep you fresh in their minds and show your enthusiasm for the role. Plus, it’s a great way to reiterate your interest in the position.
We think you need these skills to ace ALM Modelling Developer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the ALM Modelling Developer role. Highlight your experience with QRM and any relevant modelling skills. We want to see how your background aligns 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 this role and how your skills can contribute to our team. Keep it engaging and relevant to the job description.
Showcase Your Technical Skills:Don’t forget to mention your technical expertise, especially with Excel and modelling techniques. We’re keen on candidates who can confidently explain complex topics, so make sure to highlight that experience!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Lloyds Bank plc
✨Know Your QRM Inside Out
Make sure you’re well-versed in QRM models, especially for Net Interest Income and Market Value calculations. Brush up on how these models work and be ready to discuss your experience with them in detail.
✨Build Relationships Before the Interview
Since this role involves collaboration with Risk and Finance partners, try to connect with current employees or industry professionals beforehand. This can give you insights into the company culture and expectations, which will help you tailor your responses.
✨Prepare for Technical Questions
Expect to explain complex topics clearly. Practice articulating your thoughts on market risk management techniques and stress testing. Use examples from your past experiences to demonstrate your understanding and ability to communicate effectively.
✨Show Enthusiasm for Continuous Improvement
This role values process improvements, so come prepared with ideas on how you’ve streamlined processes in the past. Highlight your proactive attitude towards learning and adapting, as this will resonate well with the interviewers.
