Senior Dealer

Treasury team serves as the core execution engine of the bank's financial strategy. In this vital front-office role, you will help the dealing desk to manage daily liquidity, optimize our High-Quality Liquid Asset (HQLA) buffer, and execute critical derivative overlays to hedge structural interest rate risks. Acting as a key bridge between senior strategy and live financial markets, you will translate ALCO directives into tactical market trades while ensuring robust compliance with UK regulatory frameworks (PRA/FCA).

What you will be doing:

The key purpose of this role is to support the Head of Treasury Dealing to manage and run a 'best in class' dealing function for the OSB Group, focusing on active management of the banks market and liquidity risks and management of the Group's c £3.5bn Treasury Portfolio.

Your responsibilities will include…

• Effective and efficient day to day management of cash, liquidity and market risk meeting all Regulatory & Board requirements
• Working with the Head of Dealing and Head of ALM, design, optimise and execute effective market risk hedging strategies for the Group
• Treasury portfolio manager, meeting and exceeding budgeted income within proscribed liquidity & market risk constraints
• Responsible for developing effective relationships with market counterparties, ensuring that adequate coverage & market access is in place
• Responsible for ensuring that effective contingency funding arrangements are in place and regularly tested to ensure effectiveness
• Responsible for monitoring market developments and providing appropriate recommendations to support business activities
• Manage all aspects of the Bank of England Sterling Monetary Framework relationship
• Foster a supportive culture where people perform at their best; by leading with curiosity, coaching colleagues to grow, and demonstrating OSB's leadership daily

What's in it for you:

We offer a base salary depending on experience ranging from £80,000 per annum and a competitive benefits package including:

• Annual discretionary bonus opportunity
• 30 days annual leave
• Choose to contribute 3% or 5% pension, with employer contributions of 6% or 8% respectively
• Enhanced family-focused benefits
• Hybrid-working

Please use this link to see the fantastic benefits available at OSB: OSB Careers

About us:

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

Do you have the skills:

We are looking for talented individuals who have the experience and knowledge set out below:

• Significant experience within a Treasury Dealing team in an equivalent bank/building society
• Interest Rate in Banking Book (IRRBB) experience gained in a banking environment, the ability to demonstrate and communicate the finer points, of which, is expected
• Strong previous experience in dealing in rate and fixed income financial instruments, both vanilla BAU and more complex debt instruments and securitised structures
• Previous experience of using treasury management and trading systems
• A full understanding of the BoE SMF framework and experience of transacting within it
• You will need to be able to communicate complex Treasury concepts across all levels of the wider business
• A relevant degree or other relevant professional accreditation is required, or the equivalent work experience

Diversity, Equity & Inclusion

Our team value spending time together in the office, typically 3 days a week to support collaboration and connection with colleagues, but we're happy to have a conversation about what flexibility might look like for you.

Not sure if you meet all the criteria? Let us decide. Studies show that candidates from underrepresented backgrounds often feel they need to meet 100% of the criteria before applying. At OSB, we value the unique perspectives and experiences that diversity brings. We're committed to creating an inclusive space where everyone feels empowered to apply - even if you don't check every box.

We actively promote diversity at all levels, with Board-level Diversity Champions monitoring our progress. We're proud to be signatories of the Women in Finance Charter, supporting the growth of senior women in our sector. Our commitment extends to treating all employees and applicants equitably, ensuring fairness and respect for all.

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