ALM Market Risk Manager

ALM Market Risk Manager

Leeds Temporary 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead the ALM Market Risk team in monitoring and reporting balance sheet risks.
  • Company: Join Leeds Building Society, dedicated to making home ownership accessible since 1875.
  • Benefits: Enjoy a bonus, matched pension contributions, 26 days holiday, and volunteering days.
  • Why this job: Be part of a purpose-driven culture focused on community and inclusivity.
  • Qualifications: Market risk knowledge and experience in financial markets are essential.
  • Other info: This is a 12-month fixed term contract with opportunities for growth.

The predicted salary is between 43200 - 72000 £ per year.

How you\’ll help us live our purpose

We\’ve been helping our members save for their future and buy a home of their own since 1875. By joining us, you\’ll play a big role in helping us to put home ownership within reach of more people, generation after generation.

It\’s a purpose that drives everything we do and one we\’re proud of. And you can play your part too – join us as our ALM Manager (Market Risk), reporting into the ALM Lead.

How you\’ll make a difference

This is a 12-month fixed term contract. To oversee the management of the ALM Market Risk team in monitoring, analysing and reporting the Society\’s balance sheet risks including market risk. Market risk includes interest rate, basis, and foreign currency risks. You will ensure compliance with regulatory requirements and guidance for balance sheet risk management, whilst continually developing and maintaining appropriate policies and procedures for the control of appropriate balance sheet risks.

What will you bring to the role?

  • Specific Market Risk Knowledge
  • Experience within a similar role within a building society or bank.
  • In depth knowledge and understanding of the financial markets and Market Risk methodologies and measurement techniques.
  • Experience of using QRM and / or other Treasury Management Systems
  • Experience of building complex reports.
  • Excellent analytical skills and a strong attention to detail.
  • Ability to manage and analyse large sets of financial data.
  • Ability to communicate proposals and recommendations (which may be complex) in written and verbal form to a range of recipients including senior management.

And in return, you\’ll get the best from us:

  • An annual colleague bonus of up to 12%
  • Matched pension contributions of up to 10%
  • 26 days holiday, plus bank holidays and holiday purchase scheme of up to 5 days each year
  • Electric vehicle scheme/ Cycle to Work scheme
  • 2 days\’ volunteering per year

We\’ll give you a place to belong with the support to learn, develop and shape a meaningful career.

Why choose Leeds Building Society?

Our business is centred around our people. Our colleagues are at the heart of everything we do and we\’re extremely proud of our Inclusive Employers Gold accreditation in 2023. We\’re committed to equal opportunities regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability or gender identity.

You\’ll be joining a truly purpose-focused culture which helped us win the Leading with Purpose award at the 2023Business Culture Awards. This recognises the progress we\’re making to embed our purpose with our colleagues, and the actions we\’ve taken to put home ownership within reach of more people, generation after generation.

Why wait? Apply now

We\’d love to hear from you. But don\’t wait around – we may close the advert early and we\’d hate for you to miss out.

Leeds Building Society is devoted to creating a culture and workplace that is representative of the communities we serve. If you\’d like to work with us but are unsure if you meet the full criteria for a role, please contact the recruiter as we\’d like to find out more about the skills and experience that you could bring to the Society. We\’re committed to supporting you to be at your best and if you\’d like to discuss any reasonable adjustments, please reach out to us on careers@leedsbuildingsociety.co.uk.

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ALM Market Risk Manager employer: Leeds Building Society

Leeds Building Society is an exceptional employer that prioritises its people and their development, offering a supportive and inclusive work environment. With benefits such as an annual colleague bonus, matched pension contributions, and generous holiday allowances, employees are encouraged to thrive both personally and professionally. The Society's commitment to purpose-driven work and community representation makes it a rewarding place to build a meaningful career in the heart of Leeds.
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Contact Detail:

Leeds Building Society Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land ALM Market Risk Manager

✨Tip Number 1

Familiarise yourself with the specific market risk methodologies and measurement techniques mentioned in the job description. Being able to discuss these in detail during your interview will demonstrate your expertise and understanding of the role.

✨Tip Number 2

Make sure you can articulate your experience with Treasury Management Systems like QRM. Prepare examples of how you've used these systems to manage market risks effectively, as this will show your practical knowledge and problem-solving skills.

✨Tip Number 3

Brush up on your analytical skills by reviewing large sets of financial data. Be ready to discuss how you've managed and analysed such data in previous roles, as this is crucial for the position and will highlight your attention to detail.

✨Tip Number 4

Prepare to communicate complex proposals clearly. Think of instances where you've had to present intricate information to senior management and practice explaining these scenarios succinctly, as strong communication skills are essential for this role.

We think you need these skills to ace ALM Market Risk Manager

Specific Market Risk Knowledge
Experience in a similar role within a building society or bank
In-depth knowledge of financial markets
Market Risk methodologies and measurement techniques
Experience using QRM and/or other Treasury Management Systems
Ability to build complex reports
Excellent analytical skills
Strong attention to detail
Ability to manage and analyse large sets of financial data
Effective communication skills for complex proposals and recommendations
Ability to communicate with senior management

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of the ALM Market Risk Manager position. Familiarise yourself with market risk concepts and the specific requirements mentioned in the job description.

Tailor Your CV: Highlight your relevant experience in market risk management, particularly within a building society or bank. Emphasise your analytical skills and any experience with Treasury Management Systems like QRM.

Craft a Compelling Cover Letter: Use your cover letter to explain why you're passionate about the role and how your background aligns with the Society's purpose. Mention specific examples of your experience in managing balance sheet risks and communicating complex information.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your documents are clear, concise, and free from typos, as attention to detail is crucial for this role.

How to prepare for a job interview at Leeds Building Society

✨Showcase Your Market Risk Knowledge

Make sure to highlight your specific knowledge of market risk, including interest rate, basis, and foreign currency risks. Be prepared to discuss how you've applied this knowledge in previous roles, especially within a building society or bank.

✨Demonstrate Analytical Skills

Prepare examples that showcase your excellent analytical skills and attention to detail. Discuss how you've managed and analysed large sets of financial data, and be ready to explain the methodologies and measurement techniques you've used.

✨Familiarity with Treasury Management Systems

If you have experience using QRM or other Treasury Management Systems, make sure to mention it. Be ready to discuss how these tools have helped you in building complex reports and managing balance sheet risks.

✨Communicate Effectively

Practice articulating complex proposals and recommendations clearly, both in written and verbal form. Tailor your communication style to suit different audiences, especially senior management, as this will be crucial in your role.

ALM Market Risk Manager
Leeds Building Society
L
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