IRRBB Reporting Manager

Lloyds Banking Group; Moor Side; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading banking institution in the UK is looking for a professional to take on a visible role involving modelling and reporting for Interest Rate Risk in the Banking Book (IRRBB). The successful candidate will collaborate with various stakeholders, manage operational risks, and contribute to simplifying the Asset Liability Management (ALM) model. A background in market risk management and proficiency in QRM software is essential. A broad range of workplace adjustments and benefits, including a generous pension and 30 days of holiday, are offered.

Benefits

Generous pension contribution

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

30 days' holiday plus bank holidays

Wellbeing initiatives and parental leave policies

Qualifications

• Ability to engage with senior stakeholders effectively.
• Excellent verbal and written communication skills.
• Ability to learn quickly and adapt to new methods.
• Positive attitude towards teamwork and engagement.

Responsibilities

• Build and maintain models for Net Interest Income and Market Value calculations.
• Collaborate with various stakeholders to gather requirements.
• Manage operational risks with control frameworks.
• Support change initiatives and simplify ALM model.

Skills

Ability to debate and influence with senior stakeholders

Effective communication style

Quick learning and self-development

Positive attitude and team engagement

Awareness of Market Risk management techniques

Understanding of Excel functionality

ALM software tools knowledge

Knowledge of market and industry environment

Tools

QRM software

Job description

Overview

Are you ready to take on a highly visible role where you\'ll work closely with the Senior Manager, IRRBB, and deliver best-in-class modelling and reporting to a broad range of stakeholders? Lloyds Banking Group is on an exciting journey, investing in people, data, and technology to enable innovative projects, learning, and growth.

Responsibilities

• Build and maintain QRM models for Net Interest Income (NII) and Market Value (MV) calculations, ensuring alignment with regulatory expectations (e.g., ICAAP, SOTs, stress testing) and internal governance standards.
• Collaborate with Treasury, Risk, and Finance stakeholders to gather requirements, deliver model improvements, and support delivery of business assumptions into QRM and stress testing.
• Spearhead change and testing for QRM model enhancements, including UAT planning, implementation, and governance documentation.
• Manage operational risks through robust control frameworks and continuously improve processes to enable value-adding activity and qualitative review.
• Support agreed change initiatives and simplification of the ALM model, including dynamic modelling and back testing to deliver objectives of the IRRBB team.

Qualifications and Skills

• Proven ability to debate and influence with senior stakeholders.
• Effective communication style to confidently explain technical topics both verbally and in business commentaries.
• Strong drive to own self development, quick learning, and grasp new techniques.
• Positive attitude with enthusiasm to contribute to an engaged team culture.
• Awareness of key Market Risk management techniques including: Net Interest Income Sensitivities, Market Value, Basis Risk, and Stress Testing.
• Good understanding of Excel functionality to review, challenge, and streamline existing models and/or build new modelling capability.
• Strong understanding and use of ALM software tools, ideally knowledge and use of QRM, to manage market risk.
• Awareness of market and industry environment including in-depth knowledge of LBG products and organisation.

Inclusion and Benefits

• 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 neurodivergent condition through the Disability Confident Scheme. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
• A wide-ranging benefits package, including:
• 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