IRRBB Specialist

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

Benefits offered by this job

Generous pension contribution up to 15

Annual bonus

Share schemes including free shares

Discounted shopping

30 days holiday + bank holidays

Job summary

Lloyds Banking Group is seeking an IRRBB Specialist in Leeds to translate complex risk analysis into clear business insights and influence senior decision-makers. This highly visible role combines deep IRRBB expertise with change leadership to drive regulatory and transformational initiatives.

You will oversee IRRBB model changes, partner with Risk and Finance, and present findings to governance forums, delivering strategic improvements. The role is hybrid with two days in the office.

Qualifications

• 2+ years’ experience within IRRBB or Treasury in a regulated financial services environment.
• Experience with IRRBB balance sheet risk models (e.g. Quantitative risk management - QRM).
• Understanding of model risk management concepts and governance within a regulated banking environment.
• Ability to analyse complex model outputs and communicate conclusions clearly to stakeholders.

Responsibilities

• 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.

Skills

IRRBB expertise

QRM experience

Stakeholder communication

Tools

QRM tools

Job description

End Date Friday 02 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 Share

Job Description Summary

Do you excel in translating complex risk analysis into clear business insights and help influence decision‑making at a senior levels? This is a highly visible specialist role within Group Corporate Treasury, responsible for shaping the future of Interest Rate Risk in the Banking Book (IRRBB) at Lloyds Banking Group. The role combines deep IRRBB expertise with change leadership, driving regulatory and transformational initiatives, overseeing model enhancements, and partnering with Risk and Finance stakeholders to deliver strategic improvements!

Job Description

JOB TITLE: IRRBB Specialist 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

About this opportunity

This opportunity has arisen for an accomplished individual 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.
• 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.
• A collaborative mindset, with the ability to build strong relationships across a wide range of colleagues.
• 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.

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

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.

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're focused on 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.