Treasury Analyst

Treasury is an exciting and demanding area of our business. We raise wholesale funding, manage liquidity, and minimise interest rate risk for the Society. We're also the team with responsibility for originating structured finance transactions and managing mortgage portfolios as well as helping to achieve best returns on the Society's asset portfolios.

The Secured Funding Team is responsible for structuring, issuing, and maintaining wholesale funding which is secured by Nationwide's residential mortgages. There are three types of wholesale funding that the team are responsible for – covered bonds, securitisation (specifically RMBS - Residential Mortgage-Backed Securities) and central bank funding schemes. 

We are looking for an individual with a strong analytical/problem solving mindset and an understanding of mortgages who is interested in taking the next step in their career to join our team as a Secured Funding Analyst (known as Treasury Analyst internally). Naturally, we'll expect you to be a great fit into the culture of the Treasury team, be an advocate of everything the Society stands for and always be seeking to do the right thing.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at either our Swindon, London or Bournemouth office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

Nationwide is committed to the redeployment of our employees impacted by change, as such applications for redeployment candidates will be prioritised in this recruitment process.

If you're a colleague on long term absence (for example, on parental leave) or a temporary worker, please use your personal email address to submit an application.

What you'll be doing

This role will focus on the structuring and reporting of secured funding. You will be responsible for preparation and submission of reporting to regulators, investors, rating agencies and other internal/external stakeholders. In addition to this, you will be responsible for selecting suitable mortgages to be pledged across the secured funding programmes and then monitoring these mortgage pools to maintain appropriate levels of collateralisation.

With reference to cash management you will be responsible for calculating and transacting the movement of cashflows that arise from pledged mortgages.

Alongside this there are numerous opportunities to get involved with the development and maintenance of the teams reporting function, processes, and systems. Working on new initiatives (both internal and external) and consideration of the impact they may have on the Society's funding programmes and facilitating audits on the secured funding programmes. 

You'll be part of a team that engages with the markets to execute funding transactions, provide adhoc problem solving and data analysis on vast datasets for both internal and external stakeholders while engaging with other areas of the Society to see the bigger picture and understanding how the team's activities help reward our members and deliver value to Nationwide.

About you

We are looking for someone who is keen to work in a forward-looking team and who is not afraid of taking on a challenge. Enthusiastic and with a logical and analytical mind, you will be able to tackle tasks individually or as part of a group; thinking of solutions that no one has considered before. 

As a minimum requirement you will need to have/be:

• Highly numerate with a strong analytical mindset and innovative thinking in relation to problem solving and solution development.
• Strong Excel skills including SQL, with the ability to assimilate and interpret significant volumes of data. Vlookups, formulas and pivot tables will be regularly used tools. 
• Highly organised with ability to successfully manage multiple workstreams and deadlines.
• A great team player, with a willingness to support your colleagues to tackle problems head on. A keen advocate of Nationwide's customer first behaviours and strategy.
• Ability to pay high attention to detail and accuracy.
• Strong communication skills enabling the effective communication of issues and solutions and collaboration with a range of stakeholders.
• Self-motivated, driven by an inquiring mind and the desire to learn.

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers' shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind
• Say it straight - We are brave in speaking out and saying what we think – we're honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
• Push for better - We don't settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.

The extras you'll get

There are all sorts of employee benefits available at Nationwide, including:

• 25 days holiday, pro rata
• From January 2026, all Nationwide colleagues will benefit from private medical insurance
• A highly competitive pension to help you build a strong foundation for retirement
• Access to an annual performance related bonus
• Training and development to help you progress your career
• A great selection of additional benefits through our salary sacrifice scheme
• Life assurance to provide peace of mind for you and your loved ones in the event of your death
• Wellhub – access to a range of free and paid options for health and wellness

• Up to 2 days of paid volunteering a year

Banking – but fairer, more rewarding, and for the good of society

We forge our own path at Nationwide.

As a mutual, we're owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don't see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.

If you're inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you're one of us.

At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.

We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.

What to do next

If this role is for you, please click the 'Apply Now' button. You'll need to attach your up-to-date CV and answer a few quick questions for us. 

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application. 

The hiring manager for this role is Vandna Odedra and the main recruitment contact is Thomas Pegg.