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For Companies At a Glance
- Tasks: Join our Treasury team to optimise funding strategies and manage deposit markets.
- Company: Allica Bank, the UK's fastest-growing fintech, focused on supporting SMEs.
- Benefits: Flexible working, private health cover, pension contributions, and a discretionary bonus scheme.
- Other info: Diverse workplace with strong support for personal and professional growth.
- Why this job: Make a real impact in a dynamic environment while developing your financial expertise.
- Qualifications: Analytical skills, understanding of deposit markets, and a proactive attitude.
The predicted salary is between 40000 - 50000 £ per year.
Overview
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 Treasury Department at Allica Bank is responsible for proactive management of financial risks which arise in the normal course of the Bank’s activity. These risks include Capital adequacy, Market risk, Liquidity risk, Funding risk, IRRBB & Counterparty risk. Additionally, Treasury manages the funding of the Balance Sheet, specifically the management of retail and business savings deposits, including oversight of deposit aggregator relationships. It plays a crucial role in strategic projects for the Bank such as origination of new business activity, composition of funding mix, Funds Transfer Pricing and the structure of investment portfolio of the Bank.
Role Description
This position offers an excellent opportunity to join the team responsible for developing and executing the Bank’s funding plan. Core to the role is the analysis and understanding of achieving the optimisation of funding and subsequently the ownership of delivering the funding plan.
Principle Accountabilities
- Ensure the Treasury function contributes effectively to the Bank’s overall performance while maintaining full compliance with best practice standards, regulatory requirements, and statutory obligations.
Deposit Markets
- Understanding of retail and business deposit markets.
- Monitor market rates and funding requirements and propose price and product changes.
- Form and have a view on future rates of all savings products in the market.
- Identify opportunities to optimise funding structure and pricing.
- Maintain relationships with deposit aggregators.
- Manage all aspects of governance covering deposits, including compliance with aggregators and internal product reviews.
Data Modelling and Management
- Determine an optimal funding strategy for the Bank.
- Perform analysis of performance to plan.
- Perform behavioural analysis for the deposit book.
- Prepare and present fortnightly funding updates to key stakeholders.
- Prepare and present monthly funding updates to ALCO.
ILAAP
- Assist in the preparation and production of analysis of the Bank’s deposit book.
- Assist in the running and write up of stress testing.
Treasury Documents, Policies and Procedures
- Responsibility for the maintenance of all Treasury documentation relating to funding and deposits.
Treasury Systems
- Contribute to the development of a modern, digitally focused Treasury function.
- Develop, enhance and maintain the Bank’s Funding Optimisation tool within ERMAS.
- Undertake the preparation of daily reporting within the ALM system as well as maintenance of products within the system.
Personal Attributes & Experience
- Understanding of deposit markets.
- Strong data, analytical and problem-solving background.
- Strong attention to detail and willingness to take a hands-on approach to BAU activities.
- Takes ownership of tasks, prioritises effectively, and proactively supports the team by stepping in when needed, demonstrating strong emotional intelligence and initiative.
- Ability to work collaboratively in a team environment.
- Markets experience gained within a regulated firm, preferably a retail deposit taking and corporate lending institution.
- Prepared to challenge but to do so in a constructive manner.
- A proactive, “can-do” attitude with flexibility and problem-solving skills.
- Committed, hardworking and focused upon delivering results.
- Clear and confident communication skills.
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.
Treasury Analyst - Liquidity & Deposits employer: Allica Bank
Contact Detail:
Allica Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Analyst - Liquidity & Deposits
✨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 and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the company’s values and recent projects. Show us you’re not just another candidate but someone who genuinely cares about what we do at Allica Bank.
✨Tip Number 3
Practice your analytical skills! Since the role involves data modelling and performance analysis, brush up on these areas. We want to see how you think and solve problems on the spot.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.
We think you need these skills to ace Treasury Analyst - Liquidity & Deposits
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Treasury Analyst role. Highlight your experience with deposit markets and data analysis, as these are key for us at Allica Bank. Use specific examples that showcase your skills and how they relate to the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about working in the fintech space and how you can contribute to our mission of supporting SMEs. Keep it concise but impactful, and don’t forget to mention your understanding of liquidity and funding strategies.
Showcase Your Analytical Skills: Since this role involves a lot of data modelling and performance analysis, make sure to highlight any relevant projects or experiences where you've successfully used your analytical skills. We want to see how you approach problem-solving and decision-making!
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, you’ll get to explore more about our culture and values while you’re there!
How to prepare for a job interview at Allica Bank
✨Know Your Numbers
As a Treasury Analyst, you'll need to be comfortable with data and analytics. Brush up on your understanding of deposit markets and funding strategies. Be prepared to discuss how you would analyse market rates and propose changes based on your findings.
✨Showcase Your Problem-Solving Skills
This role requires a strong analytical mindset. Think of examples from your past experiences where you've tackled complex problems or optimised processes. Be ready to explain your thought process and the impact of your solutions.
✨Communicate Clearly
Effective communication is key in this role, especially when presenting updates to stakeholders. Practice articulating your ideas clearly and confidently. Consider how you would explain complex financial concepts to someone without a finance background.
✨Demonstrate Team Spirit
Allica Bank values collaboration, so be prepared to discuss how you've worked effectively in teams before. Share examples of how you've supported colleagues or taken initiative to help the team achieve its goals.