Asset and Liability Manager

  • Job Reference: Req0954088
  • Date Posted: 12 May 2022
  • Employer: Santander
  • Website: https://www.santanderjobs.co.uk/
  • Location: London
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Full Time

Job Description

Join our community.

An exciting opportunity has arisen within the Asset and Liability Management (ALM) team in Treasury, who are responsible for the management of interest rate risk in San UK. You'll be responsible for modelling and analysing the bank's balance sheet, analysing the inherent risks and its exposure to changes in rates.

To be successful as our Asset and Liability Manager you'll need to have experience modelling balance sheet products and calibrating assumptions used for the management of interest rate risk in the banking book.

The difference you'll make.

  • Modelling and analysing Interest rate risk in San UK balance sheet with the aim of providing crucial MI to enable hedging decisions that go into managing the bank's Structural Hedge

  • Identifying new risks in the SAN UK balance sheet including yield curve, basis and re-fix risks

  • Performing various interest rate risk and liquidity stresses on the balance sheet providing insights on metric changes and key drivers

  • Analysing repricing, prepayment and runoff assumptions with a view of determining Core liabilities

  • Providing MI/analysis for ALCO, Treasury forum, and other committees and ad-hoc analysis for exec committee members

  • Ensuring that there is alignment between the ALM management and Risk models and the financial planning process

  • Reviewing new product launches/ product changes and their impacts on IRRBB data and modelling

What you'll bring.

  • Experience of Balance Sheet Management/IRRBB modelling (using QRM, Bancware)

  • Proven analytical skills with high proficiency in Excel

It would also be nice for you to have.

  • Knowledge of ALM

  • Experience of Business Objects and/or SAS

  • Capacity to work under aggressive deadlines; values teamwork and partnering

  • The ability to work collaboratively with a variety of stakeholders across all Banking divisions and at all levels.

What else you need to know.

This is a full-time permanent position based in London offering flexible working between office and home.

How we'll reward you.

As well as a competitive salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

  • Eligible for a discretionary performance-related annual bonus

  • Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us

  • 30 days' holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year

  • £6,000 car allowance per year

  • Company funded individual private medical insurance

  • Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments

  • Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover

  • Share in Santander's success by investing in our share plans

Learn more about our benefits and family friendly policies

#ThePlaceToBeYourself - Everyday Inclusion at Santander

We are committed to making sure all our colleagues feel they belong and are supported to succeed. Our customers come from a wide range of backgrounds, and so do our people, so we welcome applications from across society.

You can find out more about how we're embedding an inclusive culture that encourages our people to bring their full and authentic selves to work on our Inclusion and Belonging page.

A bit more about Santander

At Santander we're driven by our purpose - to help people and businesses prosper. This means we help customers to create change for themselves and those around them, and we champion businesses to grow sustainably. We do this by always living our values of Simple, Personal and Fair.

At Santander, we each take personal responsibility for managing risk by embracing the I AM Risk framework - to Identify, Assess, Manage and Report risks, and to continuously build a deeper understanding of the risks we face. It is an important part of our culture at Santander and we will provide you with knowledge to help you manage risks in your role.

What to do next:-

If this sounds like a role you're interested in, then please apply.