QRM Modelling Developer - FTC

Overview

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.

• 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.

• 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.

• 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.