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- Tasks: Lead the Balance Sheet Management team and oversee risk management strategies.
- Company: Join Close Brothers, a leading UK merchant banking group with a focus on inclusivity.
- Benefits: Enjoy hybrid working, competitive salary, and a supportive work environment.
- Other info: Diverse and inclusive culture with opportunities for personal development.
- Why this job: Make a significant impact on financial performance while developing your leadership skills.
- Qualifications: Experience in ALM or liquidity management; strong communication and strategic thinking skills.
The predicted salary is between 36000 - 60000 £ per year.
Overall Summary
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity and promote inclusivity. Vacancies are available on a part‑time, job‑share or full‑time basis because we know the best person for the job isn’t always available full‑time. Our aim is to facilitate requests wherever possible and managers will consider requests on an individual basis.
Join Close Brothers Treasury division where you will be responsible for leading the Balance Sheet Management team who look after the Close Brothers balance sheet, including interest rate risk in the banking book, liquidity and funding. The role holder will manage the team’s responsibilities for the transfer of risks from the business to Treasury and the central hedging programmes, such as structural hedging, and ensuring that the bank operates within its risk appetites for funding, liquidity and interest rate risk.
Responsibilities
- Business Performance: Create and own the strategic plan for the Balance Sheet Management team, including agreeing funding, resource needs and delivery timelines with the Group Treasurer and Senior Management. Lead the function to deliver the funding and liquidity requirements, including daily liquidity, long‑term funding plans and the ILAAP. Work with the liquidity and funding lead to improve current methodologies and fully embed NSFR and LCR into the bank’s approaches. Manage the ALM function, working with the business to centralise all interest rate risks into Treasury and work closely with Senior Management to implement hedging programmes such as structural hedging, reserve hedging and funds transfer pricing on liabilities.
- People: Set the tone within the function/business by encouraging an inclusive culture and role‑modeling the company values and expected behaviours. Be responsible for the recruitment, selection, development, reward, talent and succession planning of the team. Developing Our People: as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.
Required Skills/Experience
- Experience in ALM, BSM, IRRBB or Liquidity within retail banking.
- The ability to quickly establish strong working relationships with business, Treasury, Finance and Risk managers across the Group.
- Excellent communication skills.
- The ability to deliver objectives and drive through change, motivating others to act based on analysis to bring about a significant positive impact on the Company's performance.
- Capability to help shape the business agenda.
- Confident in thinking strategically.
- Strong influencing and presentation skills, including up to Board level.
- Ability to assimilate complex documentation.
- Capable of developing and leading teams with an aptitude and ability to make things happen.
Preferred Qualifications (Optional)
- Educated to degree level or equivalent, ideally in a finance or mathematical based subject.
- ACT / CIMA / CFA / MBA / other appropriate qualification.
We are committed to providing an inclusive and accessible recruitment process. We recognise that candidates may have specific needs that require adjustments to ensure they have a fair and equal opportunity to demonstrate their skills and abilities. Candidates who require the job description or application form in an alternative format, or any other adjustments, are encouraged to email us at recruit.ssc@closebrothers.com or request a call back.
About Us
For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working. Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
Balance Sheet Management Director 12 Months FTC employer: Close Brothers
Contact Detail:
Close Brothers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Balance Sheet Management Director 12 Months FTC
✨Tip Number 1
Network like a pro! Reach out to people in your industry, especially those at Close Brothers. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching the company culture and values. Show how you align with their mission and how you can contribute to their goals.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience in ALM, BSM, or liquidity clearly and confidently. Make it relatable to the role you're applying for.
✨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, we love seeing candidates who take that extra step.
We think you need these skills to ace Balance Sheet Management Director 12 Months FTC
Some tips for your application 🫡
Be Yourself: When you're writing your application, let your personality shine through! We want to see the real you, so don’t be afraid to share your unique experiences and perspectives.
Tailor Your Application: Make sure to customise your application for the Balance Sheet Management Director role. Highlight your relevant experience in ALM, BSM, or Liquidity, and show us how you can contribute to our team.
Showcase Your Skills: Use your application to demonstrate your excellent communication and influencing skills. We’re looking for someone who can engage with various stakeholders, so give us examples of how you've done this in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently, plus you’ll find all the info you need about the role there!
How to prepare for a job interview at Close Brothers
✨Know Your Balance Sheet Basics
Make sure you brush up on your knowledge of balance sheet management, interest rate risk, and liquidity. Being able to discuss these topics confidently will show that you understand the core responsibilities of the role and can hit the ground running.
✨Showcase Your Leadership Skills
Since this role involves managing a team, be prepared to share examples of how you've inspired and developed others in previous positions. Highlight your ability to create an inclusive culture and how you've successfully led teams through change.
✨Prepare for Strategic Discussions
Expect questions about strategic planning and how you would approach funding and liquidity requirements. Think about past experiences where you’ve had to develop and implement strategies, and be ready to discuss the outcomes.
✨Communicate Clearly and Confidently
Excellent communication skills are key for this position. Practice articulating your thoughts clearly, especially when discussing complex financial concepts. Remember, you might need to present ideas to senior management, so confidence is crucial!