Lloyds Banking Group
IRRBB Change Lead - 12 month FTC
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End Date: Monday 20 July 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 Description Summary
This Fixed Term Contract opportunity has arisen for an accomplished Manager 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.
Job Description
JOB TITLE: IRRBB Change Lead – 12 month FTC
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 Fixed Term Contract opportunity has arisen for an accomplished Manager 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.
Why join us?
We’re transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey!
What we’re looking for:
- 2 or more years’ experience within IRRBB or Treasury in a regulated financial services environment.
- 2 or more years’ 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.
- And any of these would be great:
- The ability to influence and challenge credibly through subject-matter expertise and professional judgement.
- A collaborative mindset, with the ability to build strong relationships across a wide range of colleagues.
- The confidence to act as a visible role model for technical standards, challenge and constructive engagement.
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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.
This is a place for you
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.
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.
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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
Ready to make an impact?
Apply today!
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'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to 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.
With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.
Should you wish to contact us for any reason, please email us at: careers@lloydsbanking.com
For more Flexible Working Options please use the free text search, e.g. job sharing, variable hours, to identify relevant matches.
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