Are you passionate about problem solving, interested in the interest rate risk and enjoy improving recurring processes and related controls? As a Senior ALM Manager you will be responsible for managing and modelling Interest Rate Risk in the Banking Book (IRRBB) in a small and engaged team.
The ALM&M team’s goal is to deliver on the company’s strategy by optimizing the balance sheet. They do this by ensuring that the interest rate risk, liquidity risk and FX positions are managed within the boundaries set in the strategies for those risks whilst not losing sight of the profitability of the bank.
They have a lot of fun along the way! As a team of ambitious young professionals, they regularly unwind midday to compete in their private foosball, pool, and ping pong triathlon competition. Also, next to the company parties and social events they frequently have fun team outings.
My client is a rapidly growing bank and aim to launch new products and services in the near future, which means you’ll get to build new models from the ground up. In the meantime, they’re working on further professionalizing their existing models and processes. In a small bank you can really make a change and will have a broad set of responsibilities. This can include things such as:
- Preparing decision-making, policies and analyses for senior management;
- Reporting the IRRBB position to ALCO;
- Managing the interest rate risk through hedging;
- Developing and further improving interest rate related models (e.g. Non-Maturing Deposits, Cash Flows, Prepayments, Mortgage Pipeline, Hedge Accounting);
- Staying up-to-date with the latest changes in regulation (i.e. EBA, BCBS 239) related to IRRBB management;
- Enhancing reporting processes with regard to the automation and quality of the reported data.
The current interest rate environment and upcoming changes in EBA IRRBB regulation make it a very dynamic and exciting time to be part of a first-line of defense ALM team. The combination of the current economic climate and a flat-structured bank offers you a great opportunity to grow professionally and develop a holistic view on interest rate risk of the bank.
- Minimum of 6 years of relevant working experience in financial modelling, ALM or balance sheet management;
- Experience with VBA (excel), R, or Python is a must. SQL is a plus;
- Experience with ALM / Risk software solutions such as QRM or Ambit Focus is preferred;
- Clear communication and proficient interpersonal skills (clearly formulate a perspective, show critical thinking etc.);
- Able to work under pressure in a focused and precise manner;
- Self-starter with the ability, agility and motivation for self-learning; and
- Excellent control of the English language, both written and verbally. Dutch is a bonus.
Come as you are. My client has an open workplace with positive vibes. They are inclusive of all nationalities, races and genders.
Are you interested in joining our client? We look forward to receiving your cv. For more information about the role, you can contact Patricia Koekenbier @ firstname.lastname@example.org or 0630400141