At a Glance
- Tasks: Manage balance sheet risks and develop strategies for optimising hedging.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm.
- Benefits: Flexible working, private health cover, and generous leave policies.
- Other info: Opportunities for professional development and a vibrant workplace culture.
- Why this job: Make a real impact in a supportive and collaborative environment.
- Qualifications: Strong understanding of balance sheet management and relevant experience in banking.
The predicted salary is between 70000 - 90000 € per year.
About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description
The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank. Under the leadership of the CFO and the finance department heads, the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; financial reporting and accounting, financial planning, and tax management activities. We believe that freedom, autonomy, and trust bring the best out of people, so we work with team players who get the importance of owning their responsibilities but know the value of collaboration. We are curious, honest, and supportive.
Role Description
The Senior ALM Manager will be responsible for managing the bank’s balance sheet risks, with a particular focus on interest rate risk in the banking book (IRRBB), and market risk. The role involves developing strategies to optimise hedging, while ensuring compliance with regulatory requirements and internal risk appetite. The Senior ALM Manager will also play a key role in supporting ALCO decision-making by providing analysis, reporting, and recommendations.
Principal Accountabilities
- Balance Sheet Management: Monitor, measure, and manage structural risks in the balance sheet, including liquidity, funding, and IRRBB. Develop and maintain structural hedging strategies. Optimise asset‑liability mismatches to support sustainable growth.
- Interest Rate Risk: Analyse repricing gaps and sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE). Propose hedging strategies (derivatives, swaps, etc.) to manage structural interest rate exposures. Ensure modelling assumptions (e.g., deposit behaviour, prepayment rates) remain robust and up to date.
- Funds Transfer Pricing (FTP): Support the design and maintenance of the FTP framework. Provide recommendations to business lines on pricing and profitability.
- Reporting & Governance: Produce regular ALM dashboards and reports for ALCO, Risk committees and regulators. Present findings and recommendations to senior management. Ensure compliance with PRA, BoE, and Basel regulatory requirements.
- Collaboration: Work closely with Treasury, Finance, Risk, and business lines to ensure alignment of strategies. Contribute to stress testing, ICAAP, ILAAP, and Recovery & Resolution planning.
Personal Attributes & Experience
- Strong understanding of balance sheet management, liquidity risk, IRRBB, and capital management.
- Solid knowledge of PRA/BoE regulatory requirements (LCR, NSFR, IRRBB, ICAAP, ILAAP).
- Experience with ALM modelling systems (e.g., QRM, Empyrean, Kamakura, Prometeia).
- Analytical mindset with strong quantitative and problem‑solving skills.
- Ability to communicate complex concepts clearly to senior stakeholders.
- Strong organisational and project management skills.
Qualifications & Experience
- Bachelor’s degree in Finance, Economics, Mathematics, or related discipline (Master’s preferred).
- Professional qualifications (e.g., CFA, ACT, FRM, BTRM) are highly desirable.
- Vast experience in Treasury, ALM, Risk, or related areas within banking.
- Demonstrated track record of managing balance sheet risks in a regulated environment.
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
Flexible working is available. We are committed to diversity and inclusion.
Senior ALM Manager employer: Allica Bank Limited
Allica Bank is an exceptional employer, dedicated to fostering a supportive and collaborative work culture that empowers employees to thrive. With a strong focus on professional development, flexible working options, and a comprehensive benefits package, including private health cover and family-friendly policies, Allica Bank ensures that its team members are well-equipped to succeed while making a meaningful impact in the financial technology sector. Join us in our mission to serve established SMEs and be part of a rapidly growing company that values autonomy, trust, and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Senior ALM Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Allica Bank. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by understanding Allica's mission and values. Show how your experience aligns with their focus on supporting SMEs and balance sheet management.
✨Tip Number 3
Practice your pitch! Be ready to explain your analytical mindset and problem-solving skills clearly. Remember, they want to see how you can contribute to their team.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in being part of the Allica team.
We think you need these skills to ace Senior ALM Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Senior ALM Manager role. Highlight your expertise in balance sheet management, liquidity risk, and any relevant regulatory knowledge to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about helping SMEs and how your background makes you a perfect fit for Allica Bank. Be genuine and let your personality come through.
Showcase Your Analytical Skills:Since the role involves a lot of analysis and reporting, make sure to include examples of how you've used your analytical mindset in previous roles. We love seeing how you tackle complex problems and present findings to stakeholders.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Allica Bank Limited
✨Know Your Balance Sheet Inside Out
Make sure you have a solid understanding of balance sheet management, liquidity risk, and interest rate risk in the banking book. Brush up on your knowledge of PRA/BoE regulatory requirements, as you'll likely be asked about these during the interview.
✨Prepare for Technical Questions
Expect to dive deep into technical aspects like hedging strategies and ALM modelling systems. Familiarise yourself with tools like QRM or Empyrean, and be ready to discuss how you've used them in past roles to manage balance sheet risks.
✨Showcase Your Analytical Skills
Be prepared to demonstrate your analytical mindset. You might be asked to analyse repricing gaps or propose hedging strategies on the spot. Practise explaining complex concepts clearly, as this will be crucial when communicating with senior stakeholders.
✨Emphasise Collaboration and Communication
Since the role involves working closely with various departments, highlight your experience in collaborative environments. Share examples of how you've successfully aligned strategies across teams and contributed to decision-making processes.
