At a Glance
- Tasks: Manage interest rate risk and develop hedging strategies for NatWest's customer businesses.
- Company: Join a leading bank with a strong focus on innovation and teamwork.
- Benefits: Enjoy a competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Dynamic role with exposure to Treasury Markets and excellent career advancement potential.
- Why this job: Make a real impact in banking while expanding your skills in financial markets.
- Qualifications: Degree in a relevant subject and strong analytical skills required.
The predicted salary is between 66150 - 80850 £ per year.
Join a 1st line of defence team with a broad mandate, responsible for managing NatWest's structural interest rate hedge and the interest rate risk arising from our customer businesses.
We'll look to you to forecast, quantify and provide hedging recommendations to manage interest rate risk arising from customer activity and Treasury's balance sheet through the use of interest rate swaps and securities. This is a role where you'll manage risk as principal, working closely with Treasury Markets and our customer businesses to understand their requirements.
You'll have the opportunity to further develop your existing skills while broadening your knowledge across financial markets, banking and Asset & Liability Management.
What you'll do
- Play a key role in explaining day on day changes in the desk's risk position, forecasting product volumes and portfolio runoff, and recommending and implementing hedging strategies to manage the bank's net interest rate risk position.
- Be involved in the management of Treasury's spot and forward foreign currency positions, as well as the funding and hedging of foreign currency branches and subsidiaries.
- Liaise with business stakeholders to develop a deeper understanding of balance sheet dynamics, management accounting and customer product flows.
- Work closely with Treasury Markets to ensure hedging activity reflects prevailing wholesale market conditions and liquidity considerations.
- Partner with the Hedge Accounting team to minimise IFRS accounting volatility on legal entity income statements.
- Produce analysis and papers on key topics and emerging issues for ALM senior management and governance forums.
The skills you'll need
We're looking for a self-motivated and proactive individual with a strong interest in banking, financial markets and balance sheet management. In addition to a degree in a relevant subject, you'll have excellent written and verbal communication skills.
You'll also:
- Have strong analytical capabilities, and the ability to work effectively with large and complex datasets.
- Be comfortable leveraging modern analytical tools, including large language models and AI-enabled technologies, to enhance productivity and support decision-making.
Hours: 35
Location: London
Type: Full time
Interest Rate Risk Manager in London employer: NatWest Group
Coutts & Co is an exceptional employer, offering a unique opportunity to join a leading Private Banking and Wealth Management firm during a pivotal growth phase. With a collaborative work culture that prioritises professional development, employees are encouraged to influence strategic decisions while receiving support from senior leaders. The role of Managing Legal Counsel not only provides a platform for impactful legal work but also fosters an environment where innovation and efficiency are valued, making it an ideal place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Interest Rate Risk Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like NatWest Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Interest Rate Risk Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to NatWest Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on NatWest Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at NatWest Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with NatWest Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at NatWest Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former NatWest Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
