At a Glance
- Tasks: Build and maintain financial models while collaborating with key stakeholders.
- Company: Join Lloyds Banking Group, a leader in financial services with a commitment to diversity.
- Benefits: Enjoy a generous pension, performance bonuses, share schemes, and 30 days' holiday.
- Other info: Be part of a dynamic team culture focused on innovation and development.
- Why this job: Make an impact in a visible role with opportunities for professional growth.
- Qualifications: 2+ years of SQL experience and strong Excel skills required.
The predicted salary is between 55000 - 65000 £ per year.
This 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.
Responsibilities
- Build and maintain 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.
- Produce and complete 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 the IRRBB team.
- Support simplification of the ALM model and continued development of model assumptions, including dynamic modelling and back‑testing.
Qualifications
- 2+ years' experience using SQL with a strong understanding of QRM Modelling.
- 2+ years' experience with Excel functionality and the capability to proactively review, challenge and streamline existing models or build new modelling capability.
- 12 months or more of proven knowledge of Retail Banking Products.
- At least 2 years' experience confidently explaining technical topics verbally and in business commentaries.
- 12 months or more of 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 and Stress Testing.
- Experience using Python to build and maintain models.
- Positive attitude with enthusiasm to contribute to an engaged team culture.
- Self‑awareness and ability to drive own development.
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
Lloyds Banking Group is an equal opportunities employer.
QRM Modelling Developer - 12 month FTC in Leeds employer: Lloyds Banking Group
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. With a strong focus on employee growth, you will benefit from generous pension contributions, performance-related bonuses, and a variety of wellbeing initiatives, all while working in a role that provides significant exposure to senior stakeholders and the opportunity to influence key business decisions. Located in a vibrant area, our culture promotes inclusivity and engagement, making it a rewarding place to develop your career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land QRM Modelling Developer - 12 month FTC in Leeds
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
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✨Connect with Alumni from Your Uni
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Keep your eyes peeled on job boards specifically for finance roles. Companies like Lloyds Banking Group might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace QRM Modelling Developer - 12 month FTC in Leeds
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Lloyds Banking Group will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Lloyds Banking Group. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Lloyds Banking Group confidence in your short-term commitment to the role.
How to prepare for a job interview at Lloyds Banking Group
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Lloyds Banking Group.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Lloyds Banking Group that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
