ALM & Liquidity Risk Manager - UK

The role is responsible for Balance Sheet Management, covering ALM and Liquidity & Funding Risk and the requisite dealing activities. This role is central to optimizing the balance sheet, managing financial risk and driving improved returns. The role ensures that risk and performance outcomes across the Bank are optimized, and is required to own key financial risk strategies, and ensure a strong control environment while supporting the broader treasury and business strategy.

Responsibilities

• Overall ALM & Balance Sheet Management and liquidity risk management.
• Managing daily cash balances, surplus cash and monitoring the money market to maximise revenue opportunities for the Bank.
• Implementing ALCO ALM strategy.
• Managing and maintaining client relationships with key market contacts, and business development across Money Market, Brokerage and Treasury Sales.
• Ensuring transactions are executed in an efficient and compliant manner, including confirmation, settlement and accurate recording of all treasury deals.
• Align the Bank ALM and Treasury strategies to the international financial, economic, political and social trends and market developments ensuring business optimisation and overall compliance.
• Gathering and analysing data to support proposals and decisions related to asset and liability management.
• Monitoring and reporting on interest rate risk, liquidity risk, and operational risk, developing strategies to mitigate these risks.
• Working with various stakeholders, including the Group Asset/Liability Desk to share data/information and to ensure alignment of investment strategies with financial obligations (identifying funding gaps and proposing strategies to breach such gaps).
• Preparing reports and presentations for senior management regarding the financial position and risk exposure of the organization.
• Overseeing the development of models that evaluate the Bank’s asset/liability strategy and profitability studies.
• Driving the ALCO process and acting as ALCO secretary.
• Maintain, develop and enhance the Front Office processes, procedures and controls in line with the current regulatory framework.
• Act as First Line of Defence in the risk management framework to anticipate, identify and manage potential operational risks.

Skills and Experience

• Understanding deal execution, basis dealing terms and business/risk implications of each deal executed.
• In-depth knowledge and experience of ALM including familiarity with ALM tools, MIS and strategies.
• Proven knowledge of the dynamics of the credit markets and the factors influencing price movements.
• In-depth understanding of the correlation between assets and liabilities and ability to propose strategic decisions that will support sustainable growth and profitability.
• Basic understanding of the balance sheet and the interplay of assets and liabilities to achieve efficiency.
• Proven Experience in a Financial Services (treasury or banking) environment with exposure to the Treasury Products.
• Advanced IT skills including Word, Excel and PowerPoint.
• Knowledge of cash management, the finance market and banking processes.
• Strong analytical skills, proficiency in financial modeling, and excellent communication abilities are essential.
• Familiarity with regulatory requirements and risk management practices is also important.

Qualifications/Education/Training

• University degree or equivalent in Finance, Accounting, Business or Economics.
• CTP certification.
• CFA.
• ACI Dealing certification.

Key Competencies

• Awareness and understanding of the wider business, economic and market environment in which the Bank operates.
• Knowledge of the competitive environment and reach of the Bank – countries, customers and competitors.
• Focus on competitor offerings.
• Knowledge of Customer needs.
• Wider banking and regulatory knowledge.
• Detailed understanding of the Bank’s funding sources, permissible products, and available funding sources and market products that would align with the bank’s business model.
• Execute transactions which support the Bank’s strategy and operate in line with the business model.
• Monitor income from Bond sales/trading business against budget and institute appropriate/corrective actions when faced with negative variances.
• Prompt customer service; ‘customer first’ spirit.
• Identify, assess, monitor, control and mitigate risks to the Bank.
• Ensure transactions captured are within agreed bank risk limits and exposures tolerance levels; compliant with client controls and credit policy.
• Processes and controls are in place to effectively control the transaction lifecycle, including reconciliations and analysis.
• Trade within Risk Limits for counterparty and credit risk.
• Knowledge of the potential Financial Crime/AML/Risks inherent in the Bank’s markets.
• Ongoing AML/KYC training is up to date and tested.

Financial Analysis & Costs

• Prepare daily MIS reports using new or existing tools detailing financial analysis of the balance sheet focusing on the following: Consolidated cost of funds across a multi-currency balance sheet, Gap analysis and attendant risks, Net interest margin.

Governance Oversight & Controls

• Assess the effectiveness of the Bank’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, to oversee changes in these areas.
• Awareness and understanding of Treasury governance, oversight and controls.
• Business continuity plan tested and maintained from a Treasury perspective.
• Ensure KYC is carried out prior to transacting with new clients.
• Understanding of the Board approved Risk Appetite Statement.

Regulatory Framework & Requirements

• Awareness and understanding of the regulatory framework in which the Bank operates and the regulatory requirements and expectations.
• Book deals within risk limits and exposures tolerance levels.
• Awareness of the regulatory environment the Bank operates in.
• Review regulatory reports to ensure treasury is compliant with regulations and take corrective action where necessary.
• Maintain awareness of current KYC regulations and international AML rules, ensuring KYC due diligence and annual reviews are conducted.
• Comply with FCA and PRA conduct rules.

Key Performance Indicators

• Financial PBT achievement based on budget.
• Technical or Functional competency is the knowledge of and skill in exercising practices required for successful accomplishment of a task.
• Teamwork uses interpersonal skills to work co-operatively with colleagues, internal and external partners.
• Risk Awareness/Regulatory understanding and management of risk in day-to-day activities.