Lead QRM Model Developer

Coventry Building Society; Coventry; Hybrid; GBP 90,000 - 125,000; Full time

Benefits offered by this job

28 days holiday + bank holidays

Discretionary bonus

Pension with matched contributions

Life assurance (6x salary)

Private Medical Insurance

Company car allowance £5,500

Job summary

Coventry Building Society is seeking an experienced Lead QRM Model Developer to drive forecasting and balance sheet modelling within the Financial Planning & Analysis team. You will shape modelling capabilities, ensure governance and regulatory alignment, and support treasury and risk decisions across multiple stakeholders.

The role involves leading complex QRM developments, engaging GALCO governance, and contributing to transformation initiatives as the organisation integrates The Co-operative

Qualifications

• Significant experience developing and enhancing QRM models within retail banking.
• Strong background in forecasting, balance sheet modelling (ALM) and IRRBB.
• Proven experience configuring and developing within QRM, including behavioural modelling and scenario capability.
• Understanding of prudential regulations and accounting standards.
• Experience producing model development documents and governance materials for senior stakeholders.
• Ability to build relationships across Finance, Treasury, Risk and Product teams and with external partners.
• Strong analytical and problem-solving skills with large datasets.
• Experience with governance, validation or second line engagement; confident presenting to governance forums.
• Experience with transformation, integration or model redevelopment programmes is a plus.

Responsibilities

• Lead development, enhancement and maintenance of QRM forecasting and balance sheet models.
• Collaborate across Finance, Treasury, Capital Planning, Risk and Product teams.
• Govern model quality, governance, and regulatory alignment; produce committee papers.
• Support high-profile transformation programmes and system change initiatives.
• Present modelling concepts and outputs to senior stakeholders and GALCO as needed.

Skills

QRM modelling

Forecasting

ALM

IRRBB

Governance

Stakeholder communication

Data analysis

Education

MSc or above in quantitative discipline

Job description

About the roleThis is a strategically important opportunity for an experienced Lead QRM Model Developer to join Coventry Building Society's Financial Planning & Analysis team following the integration of The Co-operative Bank. Reporting to the Senior Manager QRM, the role holder will lead the development, enhancement and maintenance of the Group's QRM forecasting and balance sheet models, helping to shape modelling capabilities that support key financial, treasury and risk management decisions.Working across Finance, Treasury, Capital Planning, Risk and Product teams, the person in post will be responsible for ensuring QRM models remain robust, well-governed and aligned to regulatory expectations. The role will involve developing forecasting and behavioural models, enhancing modelling approaches across a range of banking products, supporting transformation initiatives and providing technical expertise to both internal stakeholders and external QRM partners.This role offers the opportunity to work on high-profile projects linked to the Group's ongoing transformation programme, including system integration, treasury change initiatives and expanded product modelling capabilities. The role holder will regularly engage with senior stakeholders, contribute to governance forums including Group Asset & Liability Committee (GALCO), and play a key role in delivering modelling solutions that directly influence profitability, liquidity, capital planning and long-term business strategy.We operate on a team-led hybrid approach with at least 1 day a week in the Coventry or Manchester office.Our benefits include:28 days holiday a year plus bank holidays and a holiday buy/sell schemeAnnual discretionary bonus schemePersonal pension with matched contributionsLife assurance (6 times annual salary)Private Medical InsuranceCompany car allowance of £5,500Private Medical InsuranceFind out more about the fantastic benefits of joining Coventry Building Society here.We reserve the right to close this advert early if we receive a high volume of suitable applications.About youThis role would suit a highly experienced QRM modelling specialist who enjoys solving complex technical challenges and influencing key business decisions through high-quality forecasting and balance sheet modelling. You'll be comfortable operating in a highly regulated banking environment, partnering with stakeholders across Finance, Treasury and Risk, and communicating complex modelling concepts to both technical and non-technical audiences.For this role you’ll need to have:Significant experience developing and enhancing QRM models within a retail banking environment.A strong background in financial services forecasting, balance sheet modelling, Asset & Liability Management (ALM) and Interest Rate Risk in the Banking Book (IRRBB).Proven experience configuring and developing within QRM, including behavioural modelling, assumptions management, scenario capability and system configuration.A thorough understanding of relevant prudential regulations and accounting standards.Experience producing model development documentation, committee papers and governance materials for senior stakeholders and governance committees.The ability to build effective working relationships across Finance, Treasury, Risk and Product teams, as well as with external suppliers and partners.Strong analytical and problem-solving skills, with experience working with large and complex datasets.Experience operating within robust model governance and control frameworks, including engagement with assurance, validation or second line teams.Confidence presenting technical concepts, modelling approaches and outputs to senior stakeholders and governance forums.Experience in these areas would be helpful:Experience supporting large-scale transformation, integration or model redevelopment programmes within banking or financial services.Knowledge of modelling approaches for products such as credit cards, current accounts, commercial lending portfolios or treasury instruments.Experience supporting treasury system implementations, model migrations or data feed enhancement projects.A postgraduate qualification (MSc or above) in a quantitative discipline.About usIn 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose-led building society with the UK’s original ethical bank was the start of an exciting journey.Trusted by over four million people, we’re a mutually owned business free from shareholders, and with our combined experience of almost 300 years, our ethics and dedication will continue to guide us. Together, we have shared values and an ethical approach towards our members, customers and colleagues.We’re officially recognised as a ‘Great Place to Work’ and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.We’re serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you’ll build more than just a career with us.Flexibility and why it matters We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.Proud to be a Disability Confident Committed EmployerWe’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.LocationCoventry-Binley Business Park