Asset & Liability Management (ALM) Analyst

Application Deadline: Friday 24th May 2024Hybrid Working Pattern - 3 days in Office & 2 WFHAbout usCynergy Bank is the UK’s human digital bank serving the needs of ‘scale up’ or medium sized and fast-growing SMEs; professionals; high net worth and mass affluent individuals, in essence those market segments that still value human service enabled by great technology.We recognise that professional and personal lives often overlap and our mission is to help empower our customers to achieve their ambitions by serving all their interdependent banking needs. We provide a comprehensive range of digitally enabled products and services to meet the property finance, business and commercial banking, private banking and personal savings needs of our customers.Our human and digital model transforms banking for customers who still value a face-to-face relationship that is enabled by the latest digital technology.We partner with firms such as Google Cloud, Cigniti and Slalom as we continue to innovate in the human digital space.Cynergy Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Eligible deposits with Cynergy Bank Limited are protected by the UK Financial Services Compensation Scheme.For more information on Cynergy Bank visit www.cynergybank.co.ukCompany Benefits Competitive Salary and Company Bonus 210 hours (30 days) holiday plus bank holidays Option to purchase an additional 10 days holiday Pension contribution and Life Assurance Income Protection Scheme and Season Ticket Loan Private Medical Insurance and Health Check (After Probation) Electric Car Scheme and Money Coach (After Probation) The roleAsset & Liability Management (ALM) acts as a first line of defence for Treasury and is responsible for monitoring and managing liquidity, funding & cashflow risks, IRRBB & FTP. Alongside the day-to-day management of ALM activities, there is a requirement to accommodate strategic changes and drive continuous improvement on all aspects of ALM to include IRRBB and capital. Given the number of key accountabilities this is a significant hire for the Bank and Group Treasurer. The individual should be highly motivated with a strong focus on operational activities in relation to data management, reporting and the control framework.The ALM Analyst will report to the Head of ALM, who will be responsible for performance review meetings, 121’s and development conversations.Responsibilities: The Bank’s cashflow management and forecasting process Overseeing the management of daily liquidity requirements, to include the running, monitoring and reporting of key metrics Managing the weekly SubALCo and monthly ALCO process on behalf of the Head of ALM / Group Treasurer Supporting the management of the Bank’s liquid assets buffer in adherence with internal and regulatory limits Providing support for the annual update of the Internal Liquidity Adequacy Assessment Process (ILAAP) Assist in the development and execution of the Bank’s funding strategy Assisting in the management of the Bank’s IRRBB exposure in line with Bank policy Assist the Head of ALM in driving forward optimisation initiatives (including Funding Strategy) and embedding FTP across the organisation providing support and cover for wider ALM team members This role will grow in line with the growth of the Bank and the Treasury function and will provide an opportunity to shape the function into a Centre of Excellence.Additional Responsibilities for Role Individual
should expect high involvement with Treasury systems implementation in
#####/25 (Siena, Eurobase) as the organisation looks to embed the new
Treasury & Risk system Support the Head of ALM at all times. Provide holiday cover for ALM, which will involve exposure to Liquidity, Funding, IRRBB and FTP activities to include monitoring and reporting Essential Knowledge & Experience Be highly experienced in all areas of Bank ALM management and have at least 2-5 years experience working in Treasury function within the financial services industry
Have in-depth knowledge and proven history of liquidity / funding risk management and stress testing and good knowledge of IRRBB and FX risk Be highly IT and numerically literate. Be able
to work in a high pressured and fast-moving environment, dealing with practical solutions Be a clear and effective communicator, both written and oral Have awareness of non-ALM related risk such as credit, operational, capital and legal Have advanced Excel skills Desirable knowledge & Experience:
Strong knowledge of banking regulation particularly as relates to funding and liquidity Participation in the delivery of ILAAP, ICAAP and RRP Experience of implementing and developing ALM systems and ability to interrogate underlying data Behavioural Attributes:
Proven stakeholder management and ability to manage competing priorities as they arise A co-operative and collaborative attitude who can work well in and across teams, both within finance / treasury and across the wider business Proven self-starter who can take the lead in issue identification and problem solving Good communication skills and ability to translate complex treasury activities into easy-to-understand explanations
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