Lead QRM Model Developer

Coventry Building Society; Coventry; Hybrid; GBP 38,000 - 55,000; Full time

Benefits offered by this job

28 days holiday + bank holidays

Holiday buy/sell scheme

Annual discretionary bonus

Matched pension contributions

Life assurance

Private medical insurance

Car allowance

Job summary

Coventry Building Society is hiring for a senior QRM modeller to lead the development and governance of forecasting and balance sheet models. You will work with Finance, Treasury, Risk and Product teams to deliver robust QRM capabilities.

The role focuses on forecasting, behavioural modelling and regulatory-aligned solutions, contributing to profitability and liquidity strategies. Hybrid work with a Coventry/Manchester presence is supported.

Qualifications

• Significant experience developing and enhancing QRM models in retail banking.
• Strong background in forecasting, balance sheet modelling, ALM and IRRBB.
• Experience configuring QRM and behavioural modelling.
• Knowledge of prudential regulations and accounting standards.
• Experience producing governance materials for senior stakeholders.
• Ability to collaborate with Finance, Treasury, Risk and Product teams.
• Strong analytical and problem-solving skills with large datasets.
• Experience with model governance and assurance engagements.
• Confidence presenting modelling concepts to governance forums.

Responsibilities

• Lead the development, enhancement and maintenance of Group QRM forecasting and balance sheet models.
• Ensure QRM models remain robust, well-governed and aligned to regulatory expectations.
• Develop forecasting and behavioural models across banking products.
• Support transformation initiatives and provide technical expertise to internal and external QRM partners.
• Work across Finance, Treasury, Capital Planning, Risk and Product teams to support decisions.
• Contribute to governance forums, including GALCO.
• Engage with senior stakeholders and present modelling concepts and outputs.
• Help deliver modelling solutions that influence profitability, liquidity and capital planning.
• Support high-profile transformation projects including system integration and treasury changes.

Skills

QRM models

ALM

IRRBB

Data analysis

Governance

Job description

Salary: £38,000 - 55,000 per year

Requirements

• Significant experience developing and enhancing QRM models within a retail banking environment.
• 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.
• 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.
• 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.

Responsibilities

• Lead the development, enhancement and maintenance of our Group QRM forecasting and balance sheet models.
• Ensure our QRM models remain robust, well-governed and aligned to regulatory expectations.
• Develop forecasting and behavioural models across a range of banking products.
• Support transformation initiatives and provide technical expertise to internal stakeholders and external QRM partners.
• Work across Finance, Treasury, Capital Planning, Risk and Product teams to support financial, treasury and risk management decisions.
• Contribute to governance forums, including Group Asset & Liability Committee (GALCO).
• Engage regularly with senior stakeholders and present modelling concepts, approaches and outputs.
• Help deliver modelling solutions that influence profitability, liquidity, capital planning and long-term business strategy.
• Support high-profile projects linked to our transformation programme, including system integration, treasury change initiatives and expanded product modelling capabilities.

Technologies

• Support

More

We are Coventry Building Society, following our 2025 purchase of The Co-operative Bank, bringing together our purpose-led building society with the UKs original ethical bank. Trusted by over four million people, we are a mutually owned business free from shareholders, with nearly 300 years of combined experience and a shared ethical approach to our members, customers and colleagues. We are officially recognised as a Great Place to Work and offer benefits including 28 days holiday plus bank holidays, a holiday buy/sell scheme, annual discretionary bonus, matched pension contributions, life assurance, private medical insurance, and a car allowance of 5,500. We work in a team-led hybrid way, with at least one day a week in our Coventry or Manchester office, and we support flexibility wherever possible. We are committed to equality, diversity and wellbeing, and we are proud to be a Disability Confident Committed Employer.

last updated 36 week of 2026