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: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Dynamic role with exposure to Treasury Markets and career advancement opportunities.
- Why this job: Make a real impact in banking while enhancing your skills in financial markets.
- Qualifications: Degree in a relevant subject and strong analytical skills required.
The predicted salary is between 59400 - 72600 £ 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
- Explain 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.
- Manage 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
Interest Rate Risk Manager employer: Royal Bank of Scotland
Royal Bank of Scotland offers an exceptional work environment in St Albans, where employees are empowered to provide tailored wealth management solutions for private banking clients. With a strong focus on professional development, a collaborative culture, and a commitment to regulatory excellence, this role not only fosters personal growth but also allows you to make a meaningful impact in clients' financial journeys.
