Interim Head of Balance Sheet Management

Type: Interim
Location: England - London
Industry: Financial Services - Banking
Specialism: Treasury
Salary: £125,000 - £145,000 plus Benefits
Date Posted: 18/10/2024
Consultant: Jack Woodlock

One of the UK’s leading challenger banks have mandated us exclusively to find them someone to provide interim leadership to the Balance Sheet Management team for at least 6 months. As well as leading the BSM team this person will be responsible for the bank’s front office execution including booking derivatives recommended by the ALM team. In addition they will also be managing the bank’s HQLA portfolio, day-to-day liquidity, as well as maintaining their key banking relationships. This bank offers hybrid working

Role Description

Providing leadership to the ALM team (6 people) and therefore will be required to have a good understanding of liquidity and interest rate risk management concepts and techniques
Along with the Director of Treasury, managing the bank’s interest rate risk exposure through the use of derivatives, typically interest rate swaps
Effective management of drawings from the SMF (such as ILTR) to provide liquidity alongside the deposit raising operation.
Management of the bank’s collateral pools with the Bank of England in relation to central bank funding schemes
To lead the production of Treasury policies Funding Plan, Overarching Treasury Policy and Lending Commitments Policy
Interaction with relationship banks
To aid in the effective interest rate margin management of the bank’s assets and liabilities through an effective Funds Transfer Policy
Projects and ad-hoc analysis for GEC, ALCO, Board Risk Committee and the Board
Provide support to the Director of Treasury, as and when required
Provide partial cover for the ALM team, as appropriate

Role Requirements

Significant experience in a Treasury Banking environment
All round Treasury product knowledge
A good understanding of the PRA regulatory landscape and the ILAAP as well as good knowledge of financial derivatives
Degree holder from reputable institution
Relevant professional qualification such as the AMCT, ACA, ACCA, CFA etc preferred

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Interim Head of Balance Sheet Management

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