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 with a supportive culture.
- Benefits: Enjoy a competitive salary, generous pension, 30 days holiday, and flexible working options.
- Other info: Hybrid working model with excellent career growth and support for diverse needs.
- Why this job: Make a real impact on banking risk management while developing your expertise.
- Qualifications: 2+ years in IRRBB or Treasury with strong analytical and communication skills.
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.
What you’ll be doing:
- 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.
- 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 offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. 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 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 to make an impact? Apply today!
IRRBB Change Lead - 12 month FTC in Wellington employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer that prioritises employee well-being and professional growth, offering a dynamic work culture that fosters collaboration and innovation. With the flexibility of remote working and opportunities for career advancement within the Economic Crime Prevention function, employees can thrive in a supportive environment while contributing to meaningful compliance efforts. The company's commitment to diversity and inclusion further enhances its appeal, making it a rewarding place to build a career.
StudySmarter Expert Advice🤫
We think this is how you could land IRRBB Change Lead - 12 month FTC in Wellington
✨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
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
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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 IRRBB Change Lead - 12 month FTC in Wellington
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.
