At a Glance
- Tasks: Lead the enhancement of Treasury models and ensure compliance with regulatory standards.
- Company: Join Lloyds Banking Group, a forward-thinking bank shaping finance for good.
- Benefits: Enjoy a competitive salary, generous pension, and flexible working options.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make a real impact in a dynamic environment while developing your skills.
- Qualifications: Experience in Model Risk Management and strong communication skills required.
The predicted salary is between 70929 - 78810 £ per year.
We support flexible working – click here for more information on flexible working options.
We’re looking for two interim specialists to provide focused expertise to Group Corporate Treasury across Funds Transfer Pricing (FTP) and Interest Rate Risk in the Banking Book (IRRBB). In this role, you’ll take ownership of reviewing, assessing, and enhancing model risk documentation for two of our core systems — QRM and FTP Murex. You’ll play a critical part in ensuring these models meet the PRA’s Model Risk Management expectations (SS1/23), strengthening governance, controls, and documentation so they’re robust, proportionate, and fully compliant.
You’ll step into an interim role where your expertise will shape how we manage Funds Transfer Pricing (FTP) and Interest Rate Risk in the Banking Book (IRRBB). Leading the review and enhancement of our key models — QRM and FTP Murex — you’ll strengthen governance, controls, and documentation to meet PRA Model Risk Management standards (SS1/23). If you thrive in a high‑profile, fast‑moving environment and enjoy working with complex Treasury models, this is an exciting opportunity to leave a lasting mark!
Day to day responsibilities include:
- Working across multiple teams in Treasury, Technology, Risk, and the business, you'll lead on writing and updating key documents to meet regulatory and internal Model Risk requirements.
- Interpreting SS1/23 and internal requirements, and assessing their application to QRM and FTP Murex, looking across IRRBB Reporting, and FTP Methodology.
- Performing a targeted gap analysis between the existing model risk practices, and documentation, and the associated requirements.
- Collaborating with teams across the Group to build robust, detailed, and coherent documentation, bringing together technical knowledge and expertise.
- Working closely with the Technology team to understand the system design, configuration, and automation underpinning the models.
- Reviewing and enhancing existing documentation to meet Model Risk standards, ensuring the accurate reflection of model logic, clear articulation of assumptions, and traceability between technical design and business usage.
What you’ll need:
- A solid understanding of Model Risk Management, particularly within a banking environment.
- Strong technical knowledge, with experience of reviewing quantitative risk or Treasury models.
- Familiarity with Treasury reporting and regulatory expectations.
- Excellent written communication skills, including across technical documentation, and an ability to translate complexity into simplicity.
- A proven track record of collaboration and stakeholder management.
- The ability to work independently and deliver at pace.
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 offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. 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 for a career where you can have a positive impact as you learn, grow and thrive? Apply today and find out more!
Interim Treasury Model Risk Lead – FTP & IRRBB in Leeds employer: Lloyds Banking Group
Lloyds Banking Group is an exceptional employer that champions innovation and inclusivity, offering a dynamic work environment in both Leeds and London. With a strong commitment to employee growth, flexible working options, and a comprehensive benefits package, including generous pension contributions and wellbeing initiatives, we empower our team members to thrive while making a meaningful impact in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Interim Treasury Model Risk Lead – FTP & IRRBB in Leeds
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors, especially those who have experience with Treasury models. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Funds Transfer Pricing and Interest Rate Risk. Be ready to discuss how you can enhance model risk documentation and meet regulatory standards. Show them you mean business!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
✨Tip Number 4
Apply through our website for the best chance at landing that role! We love seeing applications directly from our site, and it helps us keep track of all the amazing talent out there. Don’t miss out!
We think you need these skills to ace Interim Treasury Model Risk Lead – FTP & IRRBB in Leeds
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the role. Highlight your experience with model risk management and Treasury models, as this will show us you understand what we're looking for.
Showcase Your Communication Skills:Since excellent written communication is key for this role, ensure your application is clear and concise. Use straightforward language to explain complex concepts, just like you would in the job!
Be Specific About Your Experience:When detailing your past roles, focus on specific achievements related to Funds Transfer Pricing and Interest Rate Risk. We want to see how you've made an impact in similar positions.
Apply Through Our Website:Don’t forget to submit your application through our official website! This helps us keep everything organised and ensures your application gets the attention it deserves.
How to prepare for a job interview at Lloyds Banking Group
✨Know Your Models Inside Out
Before the interview, make sure you have a solid understanding of Funds Transfer Pricing (FTP) and Interest Rate Risk in the Banking Book (IRRBB). Familiarise yourself with QRM and FTP Murex, as well as the PRA’s Model Risk Management expectations. This will help you confidently discuss how your expertise aligns with the role.
✨Prepare for Technical Questions
Expect to be asked about your experience with quantitative risk and Treasury models. Brush up on your technical knowledge and be ready to explain complex concepts in simple terms. Practising with a friend or using mock interviews can help you articulate your thoughts clearly.
✨Showcase Your Collaboration Skills
This role involves working across multiple teams, so be prepared to discuss your experience in stakeholder management and collaboration. Think of specific examples where you successfully worked with others to achieve a common goal, especially in high-pressure situations.
✨Demonstrate Your Problem-Solving Ability
During the interview, highlight your ability to perform gap analyses and enhance documentation. Share examples of how you've tackled challenges in previous roles, particularly those related to regulatory compliance and model risk management. This will show that you can think critically and act decisively.
