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Allica Bank, the UK's fastest-growing fintech firm, is seeking a Senior ALM Manager to join its Finance & Treasury function. The role sits within the CFO-led finance department and focuses on managing the bank's balance sheet risks, with particular emphasis on interest rate risk in the banking book (IRRBB) and market risk.
Key responsibilities include monitoring and measuring structural risks in the balance sheet (liquidity, funding, IRRBB); developing and maintaining structural hedging strategies; optimizing asset-liability mismatches to support sustainable growth; analyzing repricing gaps and sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE); proposing hedging strategies using derivatives and swaps; ensuring robust modelling assumptions around deposit behaviour and prepayment rates; supporting the design and maintenance of the Funds Transfer Pricing (FTP) framework; producing regular ALM dashboards and reports for ALCO, Risk committees, and regulators; presenting findings and recommendations to senior management; ensuring compliance with PRA, BoE, and Basel regulatory requirements; and collaborating with Treasury, Finance, Risk, and business lines on stress testing, ICAAP, ILAAP, and Recovery & Resolution planning.
The ideal candidate will have a 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 (QRM, Empyrean, Kamakura, Prometeia); analytical mindset with strong quantitative and problem-solving skills; ability to communicate complex concepts to senior stakeholders; and strong organizational and project management skills.
Allica Bank offers flexible and hybrid working arrangements, full onboarding support, continued development opportunities, regular social activities, pension contributions, discretionary bonus scheme, private health cover, life assurance, and family-friendly policies including enhanced maternity and paternity leave.
REQUIREMENTS:
- Bachelor's degree in Finance, Economics, Mathematics, or related discipline (Master's preferred)
- Professional qualifications highly desirable (CFA, ACT, FRM, BTRM)
- Vast experience in Treasury, ALM, Risk, or related areas within banking
- Demonstrated track record of managing balance sheet risks in a regulated environment
