Lead QRM Model Developer

The Coventry Building Society; Coventry; On-site; GBP 90,000 - 130,000; Full time

Job summary

Coventry Building Society's Financial Planning & Analysis team is seeking an experienced Lead QRM Model Developer to steer the development, enhancement and maintenance of QRM forecasting and balance sheet models within the Group. Reporting to the Senior Manager QRM, this role shapes modelling capabilities for key financial decisions.

You will work across Finance, Treasury, Capital Planning, Risk and Product, ensuring models are robust, well-governed and aligned to regulatory expectations while

Qualifications

• Significant experience developing and enhancing QRM models in retail banking.
• Strong forecasting and balance sheet modelling background (ALM, IRRBB).
• Experience configuring QRM with behavioural modelling, scenarios and system configuration.
• Thorough understanding of prudential regulations and accounting standards.
• Experience producing governance materials for senior stakeholders.
• Ability to build cross-functional relationships across Finance, Treasury, Risk and Product.
• Strong analytical and problem-solving skills with large datasets.
• Experience with model governance, assurance, validation or second line teams.
• Confidently present technical concepts to senior audiences.

Responsibilities

• Lead development, enhancement and maintenance of QRM forecasting and balance sheet models.
• Collaborate with Finance, Treasury, Risk and Product teams across the Group.
• Ensure models are robust, well-governed and regulatory-aligned.
• Support transformation initiatives and high-profile modelling projects.
• Present modelling outputs to governance forums and senior stakeholders.

Skills

QRM modelling

Retail banking modelling

ALM/IRRBB

Behavioral modelling

Scenario analysis

Governance & documentation

Stakeholder management

Data analytics

Model governance & assurance

Presenting to senior stakeholders

Education

MSc or above in quantitative discipline

Job description

This 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. Our benefits include:

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life assurance (6 times annual salary)
• Private Medical Insurance
• Company car allowance of £5,500
• Private Medical Insurance
  This 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.
  In 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