Head of ALM

2 months ago


Pontypridd Rhondda Cynon Taf, United Kingdom cer Financial Ltd Full time

Head of ALM - Reports to Chief Finance Officer

The Head of ALMT works within and leads the ALMT team and will take the ALMT lead when working with the business to deliver the objectives set.

Externally, the jobholder will engage with legal counsel, investment banks, rating agencies and other third parties relevant to the deliverables of the team.

ROLE DELIVERABLES

Funding Needs:

Plan the optimal liquidity and long-term financing needs and optimize the entities balance sheet in line with its delegated mandate

Define and implement financing, investment and hedging strategies (rates, exchange rates, liquidity, etc.) in coordination with the JV shareholders, with respect to the defined and authorized limits

Identify and monitor relevant indicators to maintain a balanced balance sheet: regulatory indicators, sensitivity of net interest margin, net present value, etc.;

Report as much as necessary to the Management Committee on ALM Treasury issues and to the requests of shareholders through their specialized services

Manage the existing deposit activity in coordination with the shareholders. Study and if necessary, implement the deployment of repository activity in new geographies.

ALM Treasury Partnership Enhancement:

In close collaboration with the Finance teams participate in the optimization of practices

Train and be a team leader on the Companys Treasury ALMT standards

Responsible for quality and continuous improvement within the team

Actively participate in Executive Committee and projects (Bale4, ICAAP)

Partnering with Line of Business and various Treasury/Finance groups to develop ALM Treasury-Line of Business Monthly Forums:

Lead the ALCOandTreasury committees and subsidiary committees, notably:

Funding plan discussion/Provision of market insight

Balance sheet management including Interest Rate risk and Foreign Currency hedging

Economic forecasting/insight

Line of business origination strategy and asset forecast

Provide assistance to other functional areas in assessing the financial impact of new product introductions

Act of primary liaison with LOB to provide educational bridge between allocated funding costs and FTP rates, with a focus on providing insight to LOB re. future marginal funding strategy and hence providing insight into efficient LOB fundable product development.

ALMT risk management:

Champion development of liquidity and interest rate risk reporting

Manage the ILAAP reporting and its board validation

Monitor liquidity ratios (LCR, NSFR)

Monitor MREL ratio

Assist in developing cash management strategies, liquidity strategies, and stress testing liquidity

In conjunction with the Balance Sheet Management team, assist in identification of market risks in the balance sheet

Development of hedging strategies to protect the balance sheet based on the outlook for market interest rates

Provide insight into key market changes and the resultant influence on customer behaviour, balance sheet mix and the structural interest rate risk position

RWA optimization

oPropose RWA optimization, through securitisations, credit insurances etc..

oWork closely with shareholders expert teams to ensure profitability

JOB CHALLENGES

The jobholder will be expected to work closely with Chief Finance Officer and ALMT Senior Managers collaboratively as a team but is expected to act autonomously in terms or daily priorities and decision making.

BUDGET RESPONSIBILITIES

Responsibility for oversight, deployment and control of the ALMT budget.

CANDIDATE PROFILE

Foreign language skills:

English is required. French is a nice to have.

Professional qualifications, vocational training, education level:

Bachelor's degree required; Business, Finance, Accounting or related field preferred

Master's degree desired but not essential

Professional Finance certification as required

Previous experience required:

Significant lead role experience within large corporate financial services

Experience supporting C Suite level strategic planning and implementation

Experience in a fast-moving consumer finance business or similar environment

Person characteristics required:

Effective communication skills and motivation skills, and ability to liaise and communicate with senior management and external suppliers at all levels

Ability to interpret and evaluate information and make authoritative recommendations

Ability to think conceptually and creatively in order to continually develop functional area

Ability to coach, mentor and manage team members and manage the knowledge base of the functional area

Ability to effectively manage change (with respect to both people and processes)

Analytical skills and good problem solving ability

Ability to work under pressure, to prioritize effectively and show resilience

JBRP1_UKTJ


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