Treasury Manager

LHV Bank Limited is a UK-licensed bank operating across three core business segments: Retail Banking, SME Lending, and Banking Services (BaaS). The bank is a wholly owned subsidiary of LHV Group, a listed financial services provider headquartered in Estonia. LHV Bank operates under a full UK banking licence granted in May 2023. The Bank supports over 200 fintech clients with embedded financial infrastructure, provides retail savings products via digital channels, and offers SME credit solutions across the UK. In line with its regulatory responsibilities and growth ambitions, LHV Bank is committed to maintaining a robust and proportionate financial crime control environment. Expanding our services, LHV Bank now provides personal banking solutions. Our offerings include current accounts with competitive interest rates, fixed-rate bonds for long-term savings, and debit cards. Customers can conveniently access these services through the LHV App, enabling secure account opening and management.

Role Overview: As a Treasury Manager, you will play a critical role in the day-to-day and strategic operations of the Treasury function. You will be involved in cash management, interest rate risk management, liquidity and funding risk oversight, and regulatory and governance reporting. This role offers the opportunity to influence key financial decisions and support the execution of risk management strategies that underpin the bank’s financial stability and growth.

Key Responsibilities:

• Cash Management: Monitor daily cash positions across all operational accounts. Execute cash sweeps to the central bank accounts to optimise liquidity. Ensure sufficient funds are available to meet daily settlement and funding obligations.
• Interest Rate Risk Management: Monitor interest rate risk metrics to ensure compliance with Board risk appetite. Support the execution of interest rate swaps to manage the bank’s interest rate exposure. Prepare analysis and reports for internal stakeholders on rate movements and risk positions. Ensure swaps are booked and documented within dealer mandates.
• Liquidity & Funding Risk Management: Analyse funding requirements and ensure timely sourcing of funds. Support the management and monitoring of liquidity buffers and funding profiles. Monitor regulatory liquidity metrics (e.g. LCR, NSFR) and internal stress scenarios.
• Treasury Dashboard: Produce and maintain a daily treasury dashboard covering interest rate risk and liquidity risk metrics. Provide variance analysis and commentary for material changes in risk positions.
• Assumption Management: Assist with the periodic review of key modelling and behavioural assumptions (e.g., deposit decay rates, prepayment assumptions). Prepare data, trend analysis and scenario testing to support assumption updates.
• ALCo And LWG Pack Preparation: Prepare high-quality materials and commentary for monthly Asset & Liability Committee (ALCo) and Liquidity Working Group (LWG) meetings. Support the coordination of inputs from various teams and ensure consistency across reporting packs.
• Policy And Documentation Updates: Assist in maintaining and updating the Internal Liquidity Adequacy Assessment Process (ILAAP), Market Risk Management Rules, and Liquidity Risk Management Rules. Ensure documents are updated in line with regulatory changes and internal developments.

Essential Key Requirements:

• Significant experience in a Treasury, ALM, or Market Risk role within a bank or financial institution.
• Strong understanding of cash management, liquidity risk, and interest rate risk concepts.
• Experience with interest rate derivatives and their application in hedging strategies.
• Proficient in Microsoft Excel (advanced), and comfortable working with large data sets.
• Familiarity with regulatory frameworks such as LCR, NSFR, ILAAP, and EBA guidelines.
• Strong analytical skills and attention to detail.
• Excellent written and verbal communication skills.

Some Of Our Benefits:

• Competitive salary & lots of opportunities to learn, grow and progress professionally.
• Open and inclusive culture.
• Hybrid working.
• Fantastic offices and great working environment.
• Vitality Health Plan (includes private health insurance, travel insurance, gym discounts).
• Health cash Plan (Medicash health plan Level 3).
• 5% employer pension contribution.
• Life assurance – 4 x salary.
• Income protection insurance – 75%.
• 28 days holiday plus 3 additional days, with further days for various life events and the option to sell up to 5 days per year.
• Swap public/bank holidays for alternative days aligned with personal, cultural, or religious observances.
• Enhanced family friendly and family forming policies.
• Access to a wide range of retail discounts.
• Team Socials.