Senior ALM Manager
Senior ALM Manager
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Job Description
About Allica Bank
Allica is the UKs fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description
The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank.
Under the leadership of the CFO and the finance department heads the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; financial reporting and accounting financial planning and tax management activities.
We believe that freedom autonomy and trust bring the best out of people so we work with team players who get the importance of owning their responsibilities but know the value of collaboration. We are curious honest and supportive.
Role Description
The Senior ALM Manager will be responsible for managing the banks balance sheet risks with a particular focus on interest rate risk in the banking book (IRRBB) and market risk.
The role involves developing strategies to optimise hedging while ensuring compliance with regulatory requirements and internal risk appetite.
The Senior ALM Manager will also play a key role in supporting ALCO decision-making by providing analysis reporting and recommendations.
Principal Accountabilities
Balance Sheet Management:
Monitor measure and manage structural risks in the balance sheet including liquidity funding and IRRBB.
Develop and maintain structural hedging strategies.
Optimise asset-liability mismatches to support sustainable growth.
Interest Rate Risk:
Analyse repricing gaps and sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE).
Propose hedging strategies (derivatives swaps etc.) to manage structural interest rate exposures.
Ensure modelling assumptions (e.g. deposit behaviour prepayment rates) remain robust and up to date.
Funds Transfer Pricing (FTP)
Support the design and maintenance of the FTP framework.
Provide recommendations to business lines on pricing and profitability.
Reporting & Governance
Produce regular ALM dashboards and reports for ALCO Risk committees and regulators.
Present findings and recommendations to senior management.
Ensure compliance with PRA BoE and Basel regulatory requirements.
Collaboration
Work closely with Treasury Finance Risk and business lines to
Ensure alignment of strategies.
Contribute to stress testing ICAAP ILAAP and Recovery & Resolution planning.
Personal Attributes & Experience
Strong understanding of balance sheet management liquidity risk IRRBB and capital management.
Solid knowledge of PRA/BoE regulatory requirements (LCR NSFR IRRBB ICAAP ILAAP).
Experience with ALM modelling systems (e.g. QRM Empyrean Kamakura Prometeia).
Analytical mindset with strong quantitative and problem-solving skills.
Ability to communicate complex concepts clearly to senior stakeholders.
Strong organisational and project management skills.
Qualifications & Experience
Bachelors degree in Finance Economics Mathematics or related discipline (Masters preferred).
Professional qualifications (e.g. CFA ACT FRM BTRM) are highly desirable.
Vast experience in Treasury ALM Risk or related areas within banking.
Demonstrated track record of managing balance sheet risks in a regulated environment
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.
Our employees are at the heart of everything we do so our benefits are designed with you in mind:
Full onboarding support and continued development opportunities
Options for flexible working
Regular social activities
Pension contributions
Discretionary bonus scheme
Private health cover
Life assurance
Family friendly policies including enhanced Maternity & Paternity leave
Dont tick every box
Dont worry if you dont have all the skills or requirements listed on the job description. If you think youll be a good fit wed still love to hear from you!
Flexible working
We know the 9-to-5 isnt right for everyone. Thats why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and if we can we will do our best to accommodate.
Diversity
Were a diverse bunch here at Allica with all kinds of experiences backgrounds and lifestyles. Our openness and differences make us stronger and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Required Experience:
Manager
Employment Type
Full-Time
