Senior ALM Analyst 14 Months FTC

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life. Join Close Brothers Treasury Balance Sheet Management Team where you will be responsible for the identification, and centralisation into Treasury, of interest rate risks that arise across the Close Brothers Banking Book balance sheet. They will work closely with the business lines to identify interest rate exposures on their products and centralise these into Treasury. They will also work in partnership with the Risk team to ensure that the identified risks are reported in an accurate and timely fashion. RESPONSIBILITIES Non-Traded Market Risk

• Contribute to implementing the Market Risk policy and accompanying standards on managing Interest Rate Risk in the Banking book, including working with the businesses to review business assumptions and key risk indicators
• Propose trades to hedge the interest rate risk that arises on the business balance sheets and ensure that the intercompany funding process operates effectively
Processes / Reporting
• Own and complete the Treasury ALM monthly BAU processes
• Maintain procedures that detail how the internal hedging and behaviouralisation process operates
• Produce and develop MI that shows the effectiveness of the Treasury hedging programme
People
• The candidate will be expected to work closely and proactively with managers at all levels as well as liaising with other Treasury, Finance and Risk representatives
• Support the Treasury BSM team where necessary to ensure high quality delivery of team responsibilities that cover managing IRRBB, liquidity and funding
Conduct, Risk and Compliance
• Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.
• Understand the risks and challenges associated with IRRBB, including the required aspects for regulatory rules
• Behave at all times in line with Treasury 'Vision and Values'
  
  Ability to quickly establish strong working relationships with business, Treasury, Finance and Risk managers across the Group
• Excellent quantitative skills - ideally with risk management experience
• Ability to manage work requests working to tight timescales whilst maintaining quality
• A track record of delivery
• Highly numerate
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE/ARE:
• Financial modelling skills and techniques for both treasury and banking products
• Experience in ALM, BSM, NTMR or IRRBB within retail banking
• Good understanding of different asset and liability products offered and their distinct finance behaviours and characteristics
• Educated to degree level or equivalent, ideally in a finance or mathematical based subject.
• ACT / CIMA / CFA / MBA / other appropriate qualification
  
  For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. Our purpose is to help the people and businesses of Britain thrive over the long term. To find out more about Close Brothers, please visit our careers page: To find out more about life at Close Brothers: To find out more about our benefits: To find out more about our commitment to creating an inclusive environment: #LI-KB1 Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,500 people, principally in the UK. Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ approximately 4,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange. Our businesses have remained local as we continue to provide bespoke services, and developing long-term relationships ensuring our success in the future. We value our clients over everything else. What they do is important - they are the doers and makers of things, the wealth creators, the investors and the savers. We ensure our services meet their specific needs and invest to support them as they grow. These principles, founded in our past but applied to the modern world today, represent what we describe as 'modern merchant banking' - values that are embedded in our culture and that underpin everything we do. Close Brothers Group