Manager Treasury ALM

Job Description

Business Unit: Finance & TreasurySalary range: £52,800 - £71,500 Contract Type: Fixed term July until December 2022Join Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. Were on the lookout for like-minded individualsand innovators to help drive our strategy forward. Were also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.Heres what it means for YOU:

• 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)
• Five extra paid well-being days per year
• A 35-hour working week
• 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market leading Pension & Private Medical Insurance
• Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
• Ability to work anywhere in the UK (where the role allows)

And you get these Red-Hot Rewards from day one!The Treasury ALM team play an important role in supporting the wider Treasury function in the management of the Groups Balance Sheet. The ALM team is in the process of delivering a major project to upgrade the functionality and capability within the AmbitFocus ALM system. This is a resource intensive project and creates the opportunity for a Manager to join the team on a secondment basis primarily to support day to day risk management responsibilities in Treasury but also provide project support as required.The ALM team has a broad remit across funding & liquidity risk, interest rate risk, ALM modelling and balance sheet management activities. The role provides the opportunity to gain exposure to all aspects of ALM and balances technical knowledge with strategicviews that seek to influence and inform the trajectory of the Banks forward looking asset and liability strategy.A summary of your day-to-day responsibilities includes:

• Assess, monitor and report on the Banks exposures to funding and liquidity, interest rate and foreign exchange risks
• Produce and analyse a range of risk reports to meet internal and regulatory reporting requirements and support Treasury in the management of financial risks and better facilitate 1st and 2nd line review and sign off
• Challenge methodology and ensure the most appropriate stress testing is developed and applied to meet the Banks requirements as well as any emerging regulatory requirements
• Provide analytical insight on current and future balance sheet performance to changes in interest rates and other stress scenarios.
• Design, develop and embed analysis which facilitates more accurate balance sheet modelling. Including analysis of how both product strategy and customer behaviour may change under differing interest rate scenarios.
• Ensure interest rate risk is effectively transferred from the customer balance sheet into Treasury via the internal hedging process and support wider FTP analysis and approach
• Support the end-to-end delivery of the annual ILAAP ensuring the ILAAP is delivered in line with regulatory guidance and both business SMEs and senior stakeholders are appropriately engaged to facilitate the approval process.
• Work with customer franchises and finance business partners to agree behavioural customer assumptions under base, sensitivity and stress scenarios and to obtain consistent sources of data to support Treasury functional activities
• Support other regulatory deliverables such as ICAAP, Recovery Plan, Resolvability Assessment Framework and ACS stress testing as required.
• Remain abreast of industry and regulatory developments in Funding and Liquidity risk and Market risk management and measurement to ensure the Banks approach is in line with regulatory expectations.

To be successful for this role youll need to bring:

• A proven track record of analytical capability with the role holder being required to pull together complex and often disparate information from various sources within and outside of Treasury to identify key risks and provide valued advice.
• Strong communication skills with a need to engage with other Treasury teams, Finance, Risk and the Franchises
• An ambitious and inquisitive mind set, a desire to learn and develop and an ability to work under pressure and adapt to change

Wed love it if you had:

• A minimum of 5 years of experience in Treasury or related market discipline
• Proven capabilities in Funding and Liquidity Risk management and/or Market Risk management
• Understanding of the Groups balance sheet, customer products and behaviours
• Understanding of the Groups risk management policies

We really need you to have the skills and experience listed in the To be successful for this role youll need to bring section above, but the rest is just our wish list, so please dont let that put you off applying, wed love to hearfrom you!Inclusion at Virgin MoneyInclusion is at the heart of everything we do here at Virgin Money. Its good for you, its good for us and its amazing for our customers. We know that great minds dont think alike, so we rely on your diverse thoughts, feelings, beliefs and backgroundsto be the best we can possibly be. Got any questions about this or need some support with your application Wed love to hear from you so get in touch with our careers team at .Now the legal bitLiving A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK.If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years worth of satisfactory references.