Treasury Manager - IRRBB

The IRRBB Expert is a senior technical specialist responsible for providing deep subject‑matter expertise in Interest Rate Risk in the Banking Book (IRRBB) across the Group’s banking book activities. The role supports the effective measurement, interpretation, governance, and communication of IRRBB exposures to ensure that balance sheet risk is well understood, appropriately managed, and compliant with internal policy and regulatory expectations. The role operates with a high degree of autonomy and influences outcomes through expertise rather than line management responsibility.

This is a high‑impact senior specialist role where you’ll shape how IRRBB risk is understood, governed and communicated across the Group, using deep technical expertise and autonomy to influence balance‑sheet decisions, strengthen regulatory confidence and ensure interest rate risk is managed with clarity, rigour and insight.

What you’ll be doing:

• Act as a senior IRRBB subject‑matter expert across earnings‑ and value‑based risk.
• Interpret, explain and challenge IRRBB results and sensitivities for senior partners across Treasury, Risk and Finance.
• Provide expert insight into behavioural modelling, optionality and non‑linear banking book risk.
• Support balance sheet risk analysis and strategic decision‑making with clear, credible IRRBB insight.
• Provide oversight of IRRBB models and methodologies, including assumptions, calibration and key judgements.
• Review and challenge model and methodology changes ahead of governance approval.
• Support model risk management, supervisory expectations and audit through strong governance and documentation.
• Oversee the quality of IRRBB outputs, translating complex analysis into clear, decision‑focused messaging.
• Partner across Treasury Risk, Modelling, Finance, Data, Technology and Model Risk, providing constructive challenge and collaboration.

What we’re looking for:

• 3 or more years experience within Treasury, Risk or Finance in a regulated financial services environment.
• 3 or more years developing expertise in IRRBB principles, metrics and regulatory expectations, including familiarity with UK regulatory frameworks and supervisory expectations impacting IRRBB and balance sheet risk.
• 3 or more years practical experience working with treasury or balance sheet risk models (e.g. IRRBB, ALM, liquidity or capital).
• 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 senior 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.
• People management experience, which may involve coaching or mentoring others.

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. 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. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.