Risk Analyst - Balance Sheet & Treasury in London

This role sits within the second-line Risk function of a UK-regulated international bank and supports the independent oversight and challenge of Treasury and balance-sheet related risks. The position focuses primarily on Asset & Liability Management (ALM) and Interest Rate Risk in the Banking Book (IRRBB), alongside liquidity, foreign exchange and capital-related risk considerations. The role works closely with Treasury, Finance and senior Risk stakeholders and contributes to the effective governance of balance-sheet risk within the bank’s risk appetite and regulatory framework.

The bank operates a diversified UK balance sheet encompassing corporate lending, interbank activity, treasury investments and customer deposits. Treasury activity is conducted within a clearly defined risk appetite and subject to regulatory oversight by the Prudential Regulation Authority and the Financial Conduct Authority. The Treasury Risk function provides second-line oversight, review and challenge of Treasury activities, supporting senior management, committees and the Board through objective risk analysis, governance and reporting.

Principal Responsibilities

• Support the Treasury Risk team in delivering effective second-line oversight across balance-sheet risks, including ALM, IRRBB, liquidity and foreign exchange risk.
• Contribute to the development, maintenance and embedding of the Treasury Risk Management Framework and associated policies and controls.
• Perform ALM and IRRBB analysis, including interest rate sensitivity analysis, repricing assessments and review of behavioural assumptions.
• Support liquidity risk management activities, including analysis of LCR, NSFR and internal liquidity stress testing.
• Enhance the quality, accuracy and timeliness of risk management information, including material prepared for ALCO, senior management, the Board and regulators.
• Provide oversight and review of Treasury-owned models and tools, including liquidity models, cash-flow forecasting and funds transfer pricing.
• Support the preparation and review of key prudential documentation, including ILAAP, ICAAP, Recovery Plan and Risk Appetite Statement.
• Work collaboratively with Treasury and other functions while maintaining independence of judgement as a second-line control function.
• Apply analytical techniques, automation and programming where appropriate to improve efficiency, insight and control.

Candidate Profile

• Experience within Treasury Risk, ALM, Liquidity Risk, Market Risk or Balance Sheet Risk in a banking, consultancy or regulated financial services environment.
• A sound understanding of IRRBB (EVE and/or NII) and liquidity risk concepts, with exposure to modelling and stress-testing methodologies.
• Familiarity with prudential risk frameworks, including ILAAP, ICAAP and regulatory stress testing.
• Ability to interpret and challenge model outputs and assumptions, rather than relying solely on production teams.
• Strong analytical capability; advanced Excel skills essential, with exposure to Python, R, SQL or similar tools advantageous.
• Ability to communicate technical risk matters clearly to non-technical stakeholders.
• Degree-educated in a quantitative discipline; professional risk or treasury qualifications are beneficial but not essential.

Hybrid working model offered with a strong total compensation package.