ALM Manager (3-4 months Interim)
£dependent on experience
Essex / Hybrid
Our client is a successful and growing Mutual Building Society which is looking for an ALM Manager for a likely period of 3-4 months, starting in early / mid-August. Their current ALM Manager is being seconded to a finance system upgrade project which is why the role has come about.
You will be overseeing and taking ownership of monitoring the risks resulting from the structural composition of the balance sheet; with a focus on monitoring, analysing and making recommendation on commercial aspects of Society activity. Other responsibilities include:
- Ownership and delivery of Structural Risk Modelling encompassing Fair Value and Hedge Effectiveness
- Prepare information to support the treasury process, Assets & Liability Committee (ALCO) and board to assist the management and Executive in making recommendations.
- Monitoring and analysing the Balance Sheet to minimise structural risk. Identifying areas of risk, highlighting to management and recommending appropriate action.
- Monitoring balance sheet structure, including interest rate gap and sensitivity, basis risk, and liquidity stress testing, making recommendations for achieving commercial benefit.
- Overseeing hedging activity, ensuring remaining effective and minimising profit and loss volatility.
- Attending and delivering analysis to ALCO including contribution to appropriate sections of the main ALCO paper, Lifetime Mortgages and additional papers.
- Producing the Structural Risk Management elements of the ALCO papers on a monthly basis for distribution within specified deadlines, ensuring accuracy of information and completeness.
- Monitoring performance of fair value, hedge effectiveness and funding activity against budget/forecast and advise Management and Executive of any variances, together with a commentary.
Experiences and skills required of the ALM Manager
- Recent experience in a similar role; managing, analysing and reporting on the assets and liabilities of the Building Society
- Experience within a mortgage and savings business
- Experience reporting information and analysis to ALCO
- Advanced Excel skills
Our client is based in the Essex / Cambridgeshire area and whilst you would have to travel to the office from time to time, this contract can be mainly done from home. If you are available to start immediately (or at least in early – mid August) then we look forward to receiving your application.