ALM Manager : Hedge Management

About the role

A fixed term opportunity has arisen to join the Market Risk team in the Treasury directorate as a specialist ALM manager under the Hedge Management project within the Governance, Risk and Control programme. The successful candidate would be responsible for supporting the transformation of hedge management including mortgage pipeline monitoring, and assessment of structural positions and behavioural assumptions.

In this role you will be directly responsible for delivering key aspects of the hedge management project, working with colleagues across the Market Risk team, wider Finance function and trading. You will be expected to evaluate and document requirements, deliver management information and make recommendations to support strategic change in market risk management. This role has no line management responsibility but requires significant engagement with others.

As a reporting specialist with a working knowledge of hedge management, you'll be joining an established team to support the delivery of improvements to the risk management framework. This role would ideally suit someone with a strong risk reporting background who is looking to build on that knowledge into a specialist area of hedge management.

In this role you'll build upon your existing skillset to support this specialist area within the Treasury directorate. A strong understanding of the YBS’s balance sheet, corporate structure and data and reporting landscape are key to success in the role. In addition, you will champion a positive risk management culture.

About You

You'll need in-depth knowledge of financial services and an understanding of managing banking book interest rate risk within a retail finance institution. This'll be coupled with :

• Familiarity with the banking book and financial market products, with a broad knowledge of finance and balance sheet management within an organisation.
• An understanding of net interest margin for financial products and the factors impacting it.
• Knowledge of key behavioural assumptions impacting market risk for mortgages and savings.
• Past experience of developing proposals in a technical financial risk field for a wide audience.
• Examples of delivering change within tight deadlines and having stakeholder engagement through the journey.
• Excellent attention to detail and a pro-active attitude and continuous improvement mindset.
• Effective communication, engagement and influencing skills – demonstrating the ability to understand, define and articulate business requirements.
• You’ll be someone who is keen to help others learn and develop and, while not a manager, you’ll provide thought leadership and encourage best practice in others.

About us

At YBS we don’t have shareholders, we have members. We care about people and that includes you. So here, you’ll be respected for who you are, you’ll be able to bring your whole self to work, and you’ll have everything you need to build a long and rewarding career.

Flexibility. We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime to discuss this during the recruitment process.

Development. We want you to feel challenged here. Whatever your ambitions, we’re committed to helping you develop your skills and move ahead in your career journey. From day one, we’ll set you up for success with a brilliant induction and full training plan, all designed to get you up to speed quickly.

Inclusivity. We’re passionate about creating an inclusive environment where everyone is welcome and able to be themselves. If you’ll go the extra mile to help our members, you’ll fit right in and feel you belong here.

About our Benefits

Ready to apply?

If you’re excited about this role and want to be part of the YBS team, click apply now to send us your application.

Want more information?

If you have any questions about this role, please contact Holly Gallagher at [email protected]

Please note : This role will close on Monday 6th January and all applicants will be reviewed in the new year.

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