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For Companies At a Glance
- Tasks: Manage Interest Rate Risk reporting and support regulatory compliance through data analysis.
- Company: Join TSB, a company dedicated to giving money confidence to customers and communities.
- Benefits: Enjoy hybrid working, an attractive rewards package, and a supportive work environment.
- Why this job: Make a real impact in Treasury while developing your skills in a collaborative team.
- Qualifications: Degree in Mathematics or Economics; strong IRRBB knowledge and data analysis skills required.
- Other info: Ideal for those passionate about finance and looking for a career full of opportunities.
The predicted salary is between 48000 - 72000 £ per year.
How you’ll make a difference
The ALM Manager is responsible for the production of Interest Rate Risk in the Banking Book (IRRBB) reporting, stakeholder information and regulatory returns. As part of the role, the operation of controls as well as data analysis to support internal initiatives and ensure regulatory compliance is fundamental. The key stakeholders for the role are the Senior Manager of Treasury ALM, the wider Treasury and Finance team and Group counterparts. You will make a difference in your role by helping to streamline the reporting process, providing analysis on what if scenarios with a forward view of the IRRBB and by delivering high standard regulatory and internal reporting with a commitment to continuous improvement.
At TSB we’re all here to give money confidence to our customers and communities. Wherever you work in TSB you can make a real difference to your career, our business, and the wider community. Within Treasury we’re looking for someone who is delivery focused with a continuous improvement mindset. The ALM team is an established team with a reputation of valuable insight and information that is provided across Treasury and Finance and externally.
What you’ll bring
- Degree in Mathematics, Economics or Similar
- Strong understanding of IRRBB and the different risk subtypes
- Experience modelling IRRBB on a retail balance sheet
- Familiarity with Treasury products
- Experience with SAS and/or databases with strong data analysis skills
- Experience in programming languages such as SQL, Python
- Experience in ALM software such as QRM, KRM, FIS BSM
- Experience in the preparation of reporting for IRRBB, ideally for the UK regulators in the form of FSA017 and PRA Basis Risk
- Strong Excel skills including pivot tables, macros and complex formulas
- Familiarity in Power Apps such as Power Query and Power BI
What we offer in return
- Hybrid and flexible working arrangements to support a healthy work/life balance
- An attractive reward and myTSB benefits package, giving you more of what matters to you
- A diverse, energising, and collaborative working environment
- A career that’s enriching and full of opportunities
ALM Manager employer: TSB Bank PLC
Contact Detail:
TSB Bank PLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ALM Manager
✨Tip Number 1
Familiarise yourself with the specific regulatory requirements for IRRBB reporting in the UK, such as FSA017 and PRA Basis Risk. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and detail.
✨Tip Number 2
Network with professionals in the Treasury and ALM space, especially those who have experience with the tools and software mentioned in the job description, like QRM or FIS BSM. Engaging with industry experts can provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your data analysis skills, particularly in SAS, SQL, and Python. Consider working on small projects or case studies that involve modelling IRRBB scenarios to showcase your practical knowledge during discussions.
✨Tip Number 4
Prepare to discuss your approach to continuous improvement in reporting processes. Think of examples from your past experiences where you streamlined operations or enhanced data accuracy, as this aligns perfectly with the role's focus on delivering high standards.
We think you need these skills to ace ALM Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the ALM Manager role. Emphasise your understanding of IRRBB, data analysis skills, and familiarity with Treasury products.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific examples of how your background in Mathematics or Economics, along with your programming skills, can contribute to TSB's goals.
Highlight Continuous Improvement Mindset: In your application, demonstrate your commitment to continuous improvement. Provide examples of how you've streamlined processes or improved reporting in previous roles, particularly in relation to regulatory compliance.
Showcase Technical Skills: Clearly outline your technical skills, especially in SAS, SQL, Python, and Excel. Mention any experience with ALM software like QRM or FIS BSM, as these are crucial for the position.
How to prepare for a job interview at TSB Bank PLC
✨Showcase Your Technical Skills
Make sure to highlight your experience with SAS, SQL, and Python during the interview. Be prepared to discuss specific projects where you used these skills, especially in relation to IRRBB modelling and data analysis.
✨Understand Regulatory Requirements
Familiarise yourself with the FSA017 and PRA Basis Risk reporting requirements. Being able to discuss how you have prepared similar reports in the past will demonstrate your knowledge and readiness for the role.
✨Demonstrate Continuous Improvement Mindset
Prepare examples of how you've contributed to process improvements in previous roles. This could include streamlining reporting processes or enhancing data analysis methods, which aligns with the company's focus on continuous improvement.
✨Engage with Stakeholders
Be ready to talk about your experience working with various stakeholders, particularly within Treasury and Finance teams. Highlight how you’ve effectively communicated complex information to non-technical audiences to ensure everyone is aligned.
