At a Glance
- Tasks: Lead change initiatives in Interest Rate Risk, shaping the future of banking.
- Company: Join Lloyds Banking Group, a leader in financial services with a focus on innovation.
- Benefits: Enjoy a competitive salary, generous pension, 30 days holiday, and flexible working.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make a real impact in a visible role while collaborating with senior leaders.
- Qualifications: 2+ years in IRRBB or Treasury; strong analytical and communication skills required.
The predicted salary is between 72702 - 80780 £ per year.
This fixed‑term contract opportunity is for an accomplished Manager to help shape the future of ‘Interest rate risk in the banking book’ (IRRBB) at Lloyds Banking Group. This is a highly visible SME role with exposure to senior colleagues across Group Corporate Treasury, where you will be responsible for providing SME knowledge and supporting the delivery of both regulatory and transformational change.
Responsibilities
- Lead and motivate change initiatives across IRRBB, ensuring alignment with organizational goals and objectives.
- Act as a senior IRRBB subject‑matter expert across earnings‑ and value‑based risk.
- Provide oversight of changes to IRRBB models, translating complex analysis into clear, decision‑focused messaging.
- Establish and build effective relationships with Risk and Finance partners to support the delivery of change into QRM.
Qualifications
- 2 or more years’ experience within IRRBB or Treasury in a regulated financial services environment.
- 2 or more years’ practical experience working with IRRBB balance sheet risk models (e.g. QRM).
- Sound understanding of model risk management concepts and governance within a regulated banking environment.
- Proven ability to analyse complex model outputs, identify key drivers and reach well‑reasoned conclusions.
- Strong judgement when assessing materiality, model limitations and emerging risk.
- Experience operating independently as a technical specialist, influencing decisions through expertise rather than people management.
- Experience presenting or contributing to senior governance forums, committees or regulatory discussions.
- Confidence communicating complex technical concepts to both technical and non‑technical audiences.
Additional desirable traits (optional): ability to influence and challenge credibly through subject‑matter expertise and professional judgement, collaborative mindset, confidence as a visible role model for technical standards, challenge and constructive engagement.
Benefits
- 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
Diversity & Inclusion
We know that great talent comes from many backgrounds. While this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.
Equal Employment Opportunity
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion or creed, gender, sexual orientation, gender identity, protected veteran status, disability or age. We are committed to building a workforce that reflects the diversity of the customers and communities we serve.
Contact
Send an application to careers@lloydsbanking.com.
