End Date
Monday 16 March 2026Salary Range
£70,929 - £78,810We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid WorkingJob Description Summary
We’re looking for two interim specialists to provide focused expertise to Group Corporate Treasury across Funds Transfer Pricing (FTP) and Interest Rate Risk in the Banking Book (IRRBB).Job Description
JOB TITLE: Treasury Manager – 12-month secondment
SALARY: as per pay range
LOCATION: 1 role is based in Leeds, Wellington Place and 1 role in London, Old Broad Street
HOURS: Full Time, 35 hours per week
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.
As there are two opportunities available, please specify the role location in your application; Leeds or London.
About this Opportunity
You’ll step into an interim role where your expertise will shape how we manage Funds Transfer Pricing (FTP) and Interest Rate Risk in the Banking Book (IRRBB). Leading the review and enhancement of our key models — QRM and FTP Murex — you’ll strengthen governance, controls, and documentation to meet PRA Model Risk Management standards (SS1/23). If you thrive in a high‑profile, fast‑moving environment and enjoy working with complex Treasury models, this is an exciting opportunity to leave a lasting mark!
Why Lloyds Banking Group
If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.
Day to day responsibilities
Working across multiple teams in Treasury, Technology, Risk, and the business, you'll lead on writing and updating key documents to meet regulatory, and internal Model Risk requirements. This will include;
Interpreting SS1/23 and internal requirements, and assessing their application to QRM and FTP Murex, looking across IRRBB Reporting, and FTP Methodology.
Performing a targeted gap analysis between the existing model risk practices, and documentation, and the associated requirements.
Collaborating with teams across the Group to build robust, detailed, and coherent documentation, bringing together technical knowledge and expertise,
Working closely with the Technology team to understand the system design, configuration, and automation underpinning the models.
Reviewing and enhancing existing documentation to meet Model Risk standards, ensuring the accurate reflection of model logic, clear articulation of assumptions, and traceability between technical design, and business usage.
What you’ll need
A solid understanding of Model Risk Management, particularly within a banking environment.
Strong technical knowledge, with experience of reviewing quantitative risk, or Treasury models.
Familiarity with Treasury reporting, and regulatory expectations.
Excellent written communication skills, including across technical documentation, and an ability to translate complexity into simplicity.
A proven track record of collaboration and stakeholder management.
The ability to work independently and deliver at pace.
About working for us
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.
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 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 provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
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 for a career where you can have a positive impact as you learn, grow and thrive? Apply today and find out more!
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.