QRM Modelling Developer - 12 month FTC

A 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
• Producing and completing 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 IRRBB team
• Support simplification of the ALM model and continued development of model assumptions, including the development of dynamic modelling and back testing

What we’re looking for

• 2+ years’ experience using SQL with ability to demonstrate strong understanding of QRM Modelling
• 2+ years’ experience with Excel functionality and capabilities to proactively review, challenge and streamline existing models or build new modelling capability
• 12 months or more proven knowledge of Retail Banking Products
• At least 2 years’ experience in confidently explaining technical topics both verbally and in business commentaries
• 12 months or more 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
• Stress Testing
• Experience using Python to build/maintain models
• Positive attitude with enthusiasm to contribute to an engaged team culture
• Self-awareness and ability to drive own development

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. 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 neuro‑divergent condition through the Disability Confident Scheme.

Benefits package:

• 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!

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 keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us, which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

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.