Treasury Manager

End Date Monday 16 March 2026

Salary Range £70,929 - £78,810

We support flexible working –  for more information on flexible working options

Flexible Working Options Hybrid Working

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). In this role, you’ll take ownership of reviewing, assessing, and enhancing model risk documentation for two of our core systems — QRM and FTP Murex. You’ll play a critical part in ensuring these models meet the PRA’s Model Risk Management expectations (SS1/23), strengthening governance, controls, and documentation so they’re robust, proportionate, and fully compliant.

If you’re looking to make a meaningful, visible impact by elevating key Treasury models and supporting the Group’s broader risk management standards, then here’s more info!

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.

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!

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.

• 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.

• 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.

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…