Senior Model Risk Lead

Cynergy Bank Limited; Greater London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading digital banking institution is seeking a Senior Model Risk Lead to strengthen their risk management framework. This permanent position offers a hybrid working model based in London. You will oversee key financial models and ensure compliance with regulatory standards while supporting strategic decision-making. The ideal candidate should possess strong technical skills in prudential risk modelling and excellent stakeholder management abilities. Join us to play a key role in governance and regulatory compliance while thriving in a culture of growth and flexibility.

Benefits

Annual bonus opportunities

25-30 days holiday with the option to buy more

Award winning pension scheme

Healthcare and life assurance

Training and development opportunities

Qualifications

• Strong technical expertise in prudential risk modelling and regulatory frameworks.
• Excellent stakeholder management skills with engagement experience.
• Ability to influence and drive governance outcomes.

Responsibilities

• Provide second line oversight of key prudential models.
• Lead Model Risk 2LOD governance activities.
• Review and challenge model risk metrics and stress testing.

Skills

Prudential risk modelling

Stakeholder engagement

Excel

Python

Education

Degree level education

Professional qualifications (FRM, CFA, ALMA)

Job description

Overview

Senior Model Risk Lead

Shape the future of Prudential Risk and Model Governance at Cynergy Bank.

Join us as a Senior Model Risk Lead and make a real impact by strengthening our risk management framework and supporting strategic decision making through robust model oversight.

What’s the opportunity?

This is a permanent opportunity within our Prudential Risk team, based in London with hybrid working. As Senior Model Risk Lead, you will provide second line oversight of the Bank's financial models across Liquidity, Capital, IRRBB, Credit risk/IFRS9, and product pricing. You will play a key role in Governance, Regulatory compliance, and risk assurance, reporting to the Head of Prudential Risk.

Where You Will Work

You will enjoy hybrid working, with 3 days in our London office and 2 days from home.

Why Join Us?

We know the best people want more than just a job. At Cynergy Bank, you will find:

• Impact: Drive model risk governance and oversight, ensuring compliance with regulatory standards and supporting strategic planning.
• Growth: A culture that champions curiosity, innovation, and personal growth at every stage.
• Flexibility: A culture that values work life balance, supported by our hybrid working model.
• Rewards: Recognition for your skills and contribution, including annual bonus opportunities and a comprehensive benefits package.

How You Will Make an Impact

• Provide second line oversight of key prudential models (liquidity, capital, IRRBB, credit risk).
• Lead Model Risk 2LOD governance activities, including Model Governance Committee (MGC) and Steering Group.
• Review and challenge model risk metrics, stress testing, and validation processes.
• Ensure compliance with the Model Risk Governance Framework and Enterprise Risk Management Framework.
• Support regulatory submissions (ILAAP, ICAAP) and prudential risk reporting, especially with regards to model/EUC oversight.
• Contribute to model development oversight and bank wide data initiatives.

What You Will Bring

• Strong technical expertise in prudential risk modelling and regulatory frameworks (PRA Rulebook, ICAAP/ILAAP).
• Proficiency in Excel and Python; other coding skills advantageous.
• Degree level education; professional qualifications such as FRM, CFA, or ALMA desirable.
• Excellent stakeholder management skills, including engagement with regulators and senior committees.
• Ability to influence, challenge, and drive governance outcomes.

How We Will Support You

At Cynergy Bank, we are committed to your wellbeing and success. We know everyone's needs are different, so our benefits are designed to support you at every stage of your career and life. Here is a snapshot of what we offer:

• A salary and bonus package designed to recognise your skills and contribution
• 25 - 30 days holiday (with the option to buy 10 more)
• Award winning pension savings scheme
• Healthcare, life assurance, and income protection
• Hybrid working (3 days office, 2 from home)
• Training and development opportunities

Plus, a range of extras including lifestyle discounts, recognition awards, and volunteering initiatives, all designed to keep you supported and thriving. You can explore the full package here: cyergybank.co.uk/about-us/careers/benefits-and-rewards

Who Are We?

Cynergy Bank is the UK's human digital bank, combining personal service with smart technology to help ambitious businesses and individuals achieve their goals. We know that professional and personal lives often overlap, so our mission is to support customers in all their interdependent banking needs. Since 2018, we have lent over £4bn to scaling businesses and partnered with leading firms to deliver the future of banking. Named Bank of the Year 2025 by MoneyAge, we are recognised for our commitment to customers, innovation, and tailored solutions. This award reflects our team's dedication to delivering exceptional banking experiences, powered by cutting edge technology.

Our values shape everything we do: Putting the customer first, Risk front and centre, Opportunity, empowerment and innovation, United team inclusive and diverse, and Doing the right thing. These principles guide our decisions, drive our culture, and ensure the best outcomes for our customers and colleagues. Learn more about us: cynergybank.co.uk/about-us

This advert covers the main responsibilities and requirements. A full job description will be shared with shortlisted candidates. If you don't meet every requirement, we still encourage you to apply as we value potential as much as experience.

At Cynergy Bank, we use anonymous screening at the first stage of recruitment, ensuring every application is reviewed fairly, based on skills and experience alone.

The closing date for applications is Sunday 1st February 2026. Please note, we may close the advert early if we receive a high volume of applications.

Apply now to help shape the future of human digital banking at Cynergy Bank.