About Allica Bank
Allica is the UK’s fastest‑growing company and the fastest‑growing fintech firm ever. Our purpose is to help established SMEs – one of the last major underserved opportunities in fintech – and to be the backbone of local communities.
Department Description
The Finance & Treasury function covers a broad spectrum of financial responsibilities for the bank, including equity raising, investor relations, treasury and liquidity management, prudential risk and regulatory reporting, financial reporting and accounting, financial planning and tax management.
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, ensuring compliance with regulatory requirements and the internal risk appetite, and 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 the sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE). Propose hedging strategies (derivatives, swaps, etc.) to manage structural interest‑rate exposures and ensure modelling assumptions 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 a 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
Allica Bank provides its employees with the tools and environment necessary to succeed. Our benefits are designed with you in mind.
Benefits
- 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 and paternity leave.
Flexible Working
Allica Bank is fully committed to flexible and hybrid working. We will accommodate your best arrangements where possible.
