Job Overview
Location
London Office
Job Type
Full-time
Category
Finance
Date Posted
May 21, 2026
Full Job Description
đź“‹ Description
- • Manage the bank’s balance sheet risks with a primary focus on interest rate risk in the banking book (IRRBB) and market risk, ensuring alignment with regulatory standards and internal risk appetite.
- • Monitor, measure, and mitigate structural balance sheet risks including liquidity, funding, and IRRBB through continuous analysis and strategic intervention.
- • Develop, maintain, and optimise structural hedging strategies using derivatives, swaps, and other instruments to reduce exposure to interest rate fluctuations and asset-liability mismatches.
- • Analyse repricing gaps and the sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE) to inform hedging decisions and balance sheet positioning.
- • Ensure modelling assumptions for deposit behaviour, prepayment rates, and other key variables remain accurate, robust, and aligned with current market conditions.
- • Support the design, implementation, and ongoing maintenance of the Funds Transfer Pricing (FTP) framework to enable accurate profitability analysis across business lines.
- • Provide actionable recommendations to business units on pricing, funding costs, and profitability based on FTP insights and balance sheet dynamics.
- • Produce and deliver regular ALM dashboards, reports, and presentations to ALCO, Risk Committees, and regulatory bodies to inform strategic decision-making.
- • Ensure full compliance with PRA, Bank of England, and Basel regulatory requirements including LCR, NSFR, ICAAP, ILAAP, and IRRBB reporting standards.
- • Actively contribute to stress testing, Internal Capital Adequacy Assessment Process (ICAAP), Internal Liquidity Adequacy Assessment Process (ILAAP), and Recovery & Resolution planning.
- • Collaborate closely with Treasury, Finance, Risk, and business line teams to ensure consistent alignment of balance sheet strategies with overall bank objectives.
- • Communicate complex ALM concepts and risk exposures clearly and effectively to senior management and non-technical stakeholders.
- • Apply strong analytical and quantitative skills to solve intricate balance sheet optimisation problems while maintaining regulatory compliance.
- • Manage multiple priorities and projects with high organisational discipline, ensuring timely delivery of reporting, analysis, and strategic initiatives.
- • Maintain up-to-date proficiency in ALM modelling systems such as QRM, Empyrean, Kamakura, or Prometeia to support accurate risk measurement and scenario analysis.
- • Drive continuous improvement in ALM processes, tools, and governance frameworks to enhance accuracy, efficiency, and regulatory readiness.
🎯 Requirements
- • Bachelor’s degree in Finance, Economics, Mathematics, or related discipline (Master’s preferred)
- • Vast experience in Treasury, ALM, Risk, or related areas within banking
- • Strong understanding of balance sheet management, liquidity risk, IRRBB, and capital management
- • Solid knowledge of PRA/BoE regulatory requirements (LCR, NSFR, IRRBB, ICAAP, ILAAP)
- • Experience with ALM modelling systems (e.g., QRM, Empyrean, Kamakura, Prometeia)
- • Professional qualifications (e.g., CFA, ACT, FRM, BTRM) are highly desirable
🏖️ Benefits
- • Full onboarding support and continued development opportunities
- • Options for flexible working
- • Regular social activities
- • Pension contributions
- • Discretionary bonus scheme
- • Private health cover
Skills & Technologies
About Allica Bank Ltd
Allica Bank is a modern digital bank built for established UK businesses with 5-250 employees. They offer business bank accounts with competitive rates, cashback, and no monthly fees for qualifying customers, alongside savings, commercial mortgages, asset finance, and growth finance solutions. Allica emphasizes a return to 'relationship banking,' providing customers with a dedicated relationship manager and UK-based support, a stark contrast to the often impersonal experience with larger banks. Their customer stories highlight successful business growth and streamlined banking processes, underscoring their commitment to serving the vital SME sector.
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