At a Glance
- Tasks: Lead change initiatives in Interest Rate Risk, collaborating with senior colleagues.
- Company: Join Lloyds Banking Group, a leader in financial services transformation.
- Benefits: Enjoy a competitive salary, generous pension, and 30 days' holiday.
- Other info: Flexible working options and a commitment to diversity and inclusion.
- Why this job: Shape the future of banking while making a real impact.
- Qualifications: 2+ years in IRRBB or Treasury with strong analytical skills.
The predicted salary is between 72702 - 80780 £ per year.
This Fixed Term Contract opportunity has arisen 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.
About this opportunity:
- 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.
What we're looking for:
- 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. Quantitative risk management - QRM).
- A 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.
And any of these would be great:
- The ability to influence and challenge credibly through subject-matter expertise and professional judgement.
- A collaborative mindset, with the ability to build strong relationships across a wide range of colleagues.
- The confidence to act as a visible role model for technical standards, challenge and constructive engagement.
We know that great talent comes from many backgrounds. Whilst 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.
This is a place for you. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, 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.
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 want to ensure all our candidates have the opportunity to shine. Please let us know if there is anything we can do to make the sure the assessment process works for you.
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we're committed to creating an environment in which everyone can thrive, learn and develop.
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
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
IRRBB Change Lead - 12 month FTC in Wellington employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment in Cardiff that fosters professional growth and collaboration. With a competitive salary package, generous benefits including a robust pension scheme and flexible working options, employees are empowered to thrive both personally and professionally. The company prioritises inclusivity and well-being, ensuring that all team members can achieve their full potential while making a meaningful impact in the SME banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land IRRBB Change Lead - 12 month FTC in Wellington
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We think you need these skills to ace IRRBB Change Lead - 12 month FTC in Wellington
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Bank plc.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Lloyds Bank plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Lloyds Bank plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Bank plc.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyds Bank plc will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Bank plc employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
