IRRBB Change Lead - 12 month FTC

Lloyds Bank plc; Leeds; Hybrid; GBP 73,000 - 81,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounted shopping

30 days holiday

Wellbeing initiatives

Parental leave

Job summary

Lloyds Banking Group in Leeds is recruiting an IRRBB Change Lead on a 12‑month FTC to shape the future of interest rate risk in the banking book. You will be a senior SME with exposure to Group Corporate Treasury and deliver regulatory and transformational change.

We require 2+ years in IRRBB/Treasury within regulated financial services, strong model risk governance understanding, and proven ability to translate complex outputs into clear messaging for governance forums.

Qualifications

• 2+ years’ IRRBB or Treasury experience in regulated financial services.
• 2+ years’ practical IRRBB balance sheet risk modelling experience (QRM).
• Solid understanding of model risk management concepts and governance.
• Ability to analyse complex model outputs and identify key drivers.
• Strong judgement on materiality, model limitations and risk.
• Experience as a technical specialist influencing decisions.
• Experience presenting to senior governance forums or regulatory discussions.
• Confidently communicating complex concepts to technical and non‑technical audiences.

Responsibilities

• Lead and motivate change initiatives across IRRBB aligned to goals.
• Act as senior IRRBB SME across earnings‑ and value‑based risk.
• Provide oversight of IRRBB models and translate analysis into messaging.
• Build relationships with Risk and Finance to deliver changes into QRM.

Skills

IRRBB experience

Treasury experience

Model risk concepts

Model outputs analysis

Governance experience

Independent technical leadership

Senior governance involvement

Technical communication

Job description

End Date Thursday 01 October 2026

Salary Range £72,702 - £80,780

We support flexible working – click here for more information on flexible working options

Flexible Working Options Hybrid Working

Job Description Summary

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.

Job Title:

IRRBB Change Lead – 12 month FTC

Salary:

As per range

Location(s):

Leeds Wellington Place

Hours:

Full-time

Working Pattern:

Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

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.

Why join us?

We’re transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey!

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).
• Including 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.

And any of these would be great:

• 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 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. And, 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 neurodivergent condition through the Disability Confident Scheme. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative. We want to ensure all our candidates have the opportunity to shine. Please let us know if there is anything we can do to make the sure the assessment process works for you. 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.

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

Ready to make an impact?

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. With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you’ll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.

Should you wish to contact us for any reason, please email us at: [e-mail] For more Flexible Working Options please use the free text search, e.g. job sharing, variable hours, to identify relevant matches.