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ALM Risk Manager - Associate / VP

Job Seekers United Kingdom Risk Management

Job Summary

  • London
  • Permanent
  • BBBH803821
  • Jan 14, 2022
  • Competitive
Job Description

Global bank is seeking an Associate /VP level ALM Risk Manager as part of its expanding Liquidity risk function managing asset and liability risks related to funding and liquidity risk management

Local Asset and Liability Risk Management function manages the asset and liability risks related to funding and liquidity risk management and interest rate risk management in banking books. This role is working within the Asset and Liability Risk Management (ALM Risk) team and is reporting to the ALM Risk in London.

Main Responsibilities of Role:

The responsibilities for the role are:

  • Responsible for performing local risk management for ALM risks, in compliance with all applicable policies and standards
  • Responsible for measuring, monitoring and analysing the organisation's risk exposure on a daily and long-term basis for various activities.
  • Responsible for adequate valuation of the organisation's banking risk exposures on a short term and long-term basis.
  • Responsible for the monthly execution of the relevant banking/Asset Liability Management
  • Responsible for monitoring position limits and reviewing transactions over the established limits for local Group Treasury (GT).
  • Responsible for the relevant daily and monthly ALM/GT reporting plus analysis.
  • Ensuring the reporting is accurate and produced as efficiently as possible.
  • Ensuring that Front Office/1st line are appropriately challenged on pricing and strategy.
  • The individual is expected to engage the Front Office on a regular basis to keep up to date with their strategy.
  • Involved in the relevant regulatory deliveries.

Main Duties of Role:

The main tasks and responsibilities for the role are:

  • Support the Asset and Liability Risk Management/ALCO capability within the UK region. The Balance Sheet covers, Wholesale Lending (Corporate), Group Treasury and Financial Markets Trading activities.
  • Product of daily risk and P&L reports for GT.
  • As a second line function responsible for 1st line challenge ensuring risks are effectively identified and managed.
  • UK region banking activities, covering Interest Rate Risk in the Banking Books (IRRBB) and Bank Treasury UK, which includes the production of daily/monthly Risk and P&L reports.
  • Experience with all relevant market/banking risk related to those products and able to understand the business and required analysis.
  • Familiar with Liquidity, Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
  • Be responsible for the structural interest rate risk transfer from the Wholesale Lending Portfolio.
  • Be responsible for the compliance with ALM policies and guidelines, including ILAAP, covering, Risk Appetite setting/monitoring, Contingency Funding Planning, and the management of structural interest rate risk in the lending portfolio.
  • Management and delivery of regulatory deliverables for the banking entities.
  • Take responsibility and help further develop the local Recovery and Resolution framework
  • Working with Front Office and other stakeholders to support the business and development.
  • Able to provide general support on ALM to the business and trading risk managers.
  • The adherence of group policies, ensuring local compliance.
  • The implementation and development of Group/best practises and systems enhancements.
  • Responsible for maintenance and implementation of policies and procedures.
  • Responsible for understanding and explaining the content of the reporting.
  • Responsible for ensuring the functional reporting is SOX compliant.

Qualification/Education

Essential: A university degree (2:1 or higher) in a numerate field (a science, economics, mathematics, or engineering etc.);

Desirable: Further education in a numerate field, MSc/MS

Further education in a numerate field (as above, risk management or CFA):

Experience/Knowledge

Essential:

  • 3+ years' banking experience within the relevant risk function/Asset and Liability Management.
  • A good product knowledge of banking activities and risk management requirements including liquidity management.
  • Specific experience within banking activities related products.
  • Able to interpret and understand of a bank Balance Sheet.
  • Strong Excel abilities.

Desirable:

  • Detailed involvement with Asset and Liability Management governance and ALCO activities, including Stress Tests
  • Experience with regulatory topics such as IRRBB & ILAAP/ICAAP.
  • Shows an effective understanding of market risk controls, audit, and policy implementation.
  • Experience within other associated functions such as Finance and/or Product Control.
  • Experience with IBOR transition.
  • Working knowledge of QRM.
  • Experience of the Agile way of working.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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Consultant Details

Consultant Details

Alex Riedl
Alex Riedl
  • Principal Consultant | Risk Management Recruitment
  • +44 (0)20 7092 0103
  • ariedl@morganmckinley.com