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 family policies.
- Other info: Diverse culture with opportunities for personal and professional growth.
- Why this job: Make a real impact in a dynamic environment focused on SMEs.
- 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
Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Senior ALM Manager in London employer: Allica Bank
Allica Bank is an exceptional employer that prioritises the growth and well-being of its employees, offering a supportive work culture that values autonomy and collaboration. With comprehensive benefits including flexible working options, professional development opportunities, and a commitment to diversity, Allica Bank fosters an environment where team members can thrive while making a meaningful impact on established SMEs across the UK.
StudySmarter Expert Advice🤫
We think this is how you could land Senior ALM Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Allica Bank and understanding their values. Be ready to discuss how your experience aligns with their mission to support SMEs and how you can contribute to their growth.
✨Tip Number 3
Showcase your analytical skills! Be prepared to discuss specific examples of how you've managed balance sheet risks or developed hedging strategies in previous roles. Numbers speak volumes!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. 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 in London
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 working at Allica Bank and how your background makes you a perfect fit for our team. 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 successfully tackled complex problems in the past. We love seeing how you approach challenges and find solutions!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll get to see all the other exciting opportunities we have at Allica Bank!
How to prepare for a job interview at Allica Bank
✨Know Your Numbers
As a Senior ALM Manager, you'll need to be on top of balance sheet management and interest rate risks. Brush up on your financial metrics, especially around liquidity and capital management. Be ready to discuss how you would optimise hedging strategies and manage structural risks.
✨Understand Regulatory Requirements
Familiarise yourself with PRA, BoE, and Basel regulations. Knowing the ins and outs of LCR, NSFR, and IRRBB will show that you're not just knowledgeable but also compliant-focused. Prepare examples of how you've navigated these requirements in past roles.
✨Showcase Your Analytical Skills
The role requires a strong analytical mindset. Be prepared to discuss specific instances where you've used quantitative skills to solve complex problems. Think about how you can present your findings clearly to senior stakeholders, as communication is key.
✨Emphasise Collaboration
Allica Bank values teamwork, so highlight your experience working closely with Treasury, Finance, and Risk teams. Share examples of how you've contributed to stress testing or ICAAP processes, and demonstrate your ability to align strategies across departments.
