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For Companies At a Glance
- Tasks: Lead a team in managing market and liquidity risks while driving innovative ALM processes.
- Company: Hampshire Trust Bank, a specialist bank dedicated to supporting UK businesses.
- Benefits: Competitive salary, private medical insurance, hybrid working, and generous leave policies.
- Other info: Enjoy a supportive culture with opportunities for professional development and community engagement.
- Why this job: Join a dynamic team making a real impact on the UK economy and banking sector.
- Qualifications: Proven ALM leadership experience and deep knowledge of market and liquidity risk management.
The predicted salary is between 80000 - 100000 ÂŁ per year.
Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions. We offer niche specialty lines, as a SME bank, targeting under‑served segments. Our dedicated Wholesale Finance, Bridging Finance, Development Finance and Specialist Mortgages teams ensure that businesses receive the outstanding service, lasting relationships, integrity and expertise they need to prosper. We also provide savings accounts to individuals and businesses and since we lend to SMEs, our savers can be sure their money will help boost the British economy. Our vision is to be the go‑to bank in our chosen markets; to deliver positive customer outcomes, rewarding careers and great shareholder value through a high‑performing culture grounded in excellence and integrity.
About The Role
Reporting to the Director of Treasury, our incoming Head of Asset & Liability Management (Head of ALM) will lead a team of 6 and be responsible for the identification, measurement, reporting and management of market (IRRBB, FX) and liquidity risks as well as Funds Transfer Pricing (FTP). The Head of ALM will be an experienced manager and have a strong understanding of interest rate risk, liquidity risk and funds transfer pricing, as well as knowledge of hedge accounting and a deep knowledge of prevailing regulation and best practices in these areas. The Head of ALM will also have a good understanding of ALM models and modelling (such as ALMIS, QRM, Focus etc) and an awareness of how new technologies are shaping ALM. ALM owns the ILAAP, IRRBB Approach documentation and all Treasury risk policies including FTP, and is a significant contributor to the ICAAP, Corporate and Funding Plans and overall Treasury strategy. The Head of ALM manages the ALCO process and will be responsible for ad‑hoc reporting and papers to ALCO, GEC and the Board.
Key Responsibilities
- Providing leadership to the ALM team, demonstrating a strong technical understanding of ALM but also good leadership, management and interpersonal skills.
- Identifying, measuring and managing the bank’s interest rate risk exposure, including proposing hedging (including structural hedging).
- Identifying, measuring and managing liquidity risk, including cash‑flow forecasting and HQLA management.
- Identifying, measuring and managing the bank’s FX exposure.
- Managing Funds Transfer Pricing and ownership of the related policy and methodology.
- Owning the reporting of Treasury risk MI to ALCO and the Board.
- Leading work to further automate ALM processes, exploring new technologies and delivering enhanced insights.
- Leading the production of Treasury policies, ILAAP and the Funding Plan.
- Supporting interest‑rate margin management of the bank’s assets and liabilities through an effective Funds Transfer Policy.
- Projects and ad‑hoc analysis for GEC, ALCO, Board Risk Committee and the Board.
Required Skills & Experience
- Demonstrable ALM leadership experience in a Treasury (or possibly Treasury Risk) environment within banking.
- Deep subject‑matter expertise within market risk (particularly IRRBB) and liquidity risk management.
- Knowledge of ALM models (for example ALMIS, QRM, Focus).
- Robust Treasury product knowledge including a deep understanding of the PRA regulatory landscape/I LAAP in addition to financial derivatives.
- Substantial line‑management experience, with a track‑record in developing people.
- Highly competent at influencing and communicating effectively to key stakeholders.
- Relevant professional qualification such as the AMCT, ACA, ACCA, CFA, CISI etc preferred.
Benefits
- Competitive remuneration including discretionary annual bonus and annual pay review.
- Private Medical Insurance (Bupa).
- Mental health & wellbeing support via YuLife & Bupa.
- 25 days annual leave (increasing with service) + Holiday Buy Scheme.
- Cycle to Work Scheme & Green Car Scheme.
- Enhanced family leave policies.
- Study support & professional memberships.
- Hybrid working (50/50 London).
- YuLife Rewards – retail, lifestyle & experience discounts.
- Pension scheme – 8% employer contribution (non‑contributory).
- Interest‑free season ticket loan.
- Annual volunteering day & Net Zero employer commitment.
Head of ALM employer: Hampshire Trust Bank
Contact Detail:
Hampshire Trust Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of ALM
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and finance sector, especially those who might know someone at Hampshire Trust Bank. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by diving deep into ALM topics. Brush up on your knowledge of interest rate risk, liquidity management, and the latest technologies in the field. We want you to impress them with your expertise!
✨Tip Number 3
Showcase your leadership skills! Be ready to discuss how you've developed teams and managed projects in the past. Highlighting your experience in influencing stakeholders will definitely catch their attention.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Head of ALM
Some tips for your application 🫡
Show Your Expertise: When you're writing your application, make sure to highlight your experience in ALM and market risk management. We want to see how your skills align with our needs, so don’t hold back on showcasing your knowledge of interest rate risk and liquidity management.
Tailor Your Application: Take a moment to customise your application for the Head of ALM role. Use the job description as a guide and reflect on how your past experiences relate to the responsibilities listed. This shows us you’re genuinely interested and have done your homework!
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon unless it’s relevant. Make sure your key achievements and qualifications stand out, making it easy for us to see why you’d be a great fit.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Hampshire Trust Bank
✨Know Your ALM Inside Out
Make sure you brush up on your knowledge of Asset & Liability Management, especially around interest rate risk and liquidity management. Be ready to discuss specific models like ALMIS or QRM, and how they apply to the role.
✨Showcase Your Leadership Skills
As a Head of ALM, you'll need to demonstrate strong leadership abilities. Prepare examples of how you've successfully managed teams in the past, focusing on your interpersonal skills and how you've developed others in your team.
✨Understand the Regulatory Landscape
Familiarise yourself with the PRA regulatory framework and ILAAP requirements. Be prepared to discuss how these regulations impact ALM practices and how you can ensure compliance while driving performance.
✨Be Ready for Technical Questions
Expect technical questions related to market risk, liquidity risk, and Funds Transfer Pricing. Brush up on your knowledge of hedge accounting and be ready to explain complex concepts in a way that shows your expertise.