Asset and Liability Management Analyst

Newcastle Building Society; Wallsend; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A prominent mutual organization in Wallsend is seeking an Asset and Liability Management Analyst to join their ALM team. The role involves monitoring market risk positions, providing valuable insights for business decisions, and contributing to regulatory reporting. Ideal candidates will have strong analytical skills and experience in Treasury or ALM environments, along with a collaborative approach. The position offers a competitive salary, hybrid working options, and a comprehensive benefits package.

Benefits

Corporate bonus scheme

Pension scheme with up to 9% employer contribution

Annual performance reviews

Colleague mortgage scheme

Hybrid working options

25 days annual leave plus bank holidays

Health cash plan and employee assistance

Free onsite gym access

Qualifications

• Experience in a regulated environment, ideally in Treasury or ALM.
• Good understanding of liquidity risk and interest rate risk.
• Ability to handle large datasets and derive insights.

Responsibilities

• Monitor and forecast market risk positions across scenarios.
• Provide insights and analysis for decision-making.
• Contribute to regulatory reporting and liquidity risk framework.

Skills

Strong skills in Excel

ALM modelling tools

Programming languages

Data analysis

Clear communication

Job description

About the Role

We’re looking for an Asset and Liability Management Analyst to join our ALM team and help us manage the Society’s liquidity and market risk. In this role, you’ll monitor and forecast market risk positions, across different scenarios, making sure we stay within our risk appetite. You’ll provide clear insights and analysis that help shape decisions across the business, from balance sheet planning to net interest income forecasting. You’ll also play a part in regulatory reporting and contribute to strengthening our liquidity risk framework.

About You

You’ll be someone who enjoys working with numbers and data, with strong skills in Excel, ALM modelling tools or programming languages. You’ll be confident handling large datasets, spotting trends, and turning them into meaningful insights. Experience in a regulated environment – ideally in Treasury, ALM or Financial Planning – will help you hit the ground running, along with a good understanding of liquidity risk, interest rate risk in the banking book (IRRBB) and financial performance metrics. We value clear communication, attention to detail, and a collaborative approach. If you’re curious, proactive, and keen to improve processes, you’ll fit right in.

About Us

You’ll be joining a dedicated and collaborative Asset and Liability Management team focused on delivering insights that shape the Society’s financial strategy. Together, we balance technical expertise with curiosity, making sure our decisions support both financial resilience and long‑term sustainability.

As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.

What do you get in return?

As well as receiving a competitive annual salary based on above‑market pay scales, our reward package includes:

Financial

• Corporate bonus scheme (on target 5%, up to a maximum 10%)
• Pension scheme (up to 9% employer contribution)
• Annual performance related pay reviews
• Colleague mortgage scheme
• Electric car salary sacrifice scheme
• Life assurance (4× salary) and income protection
• Access to our financial advisers
• Access to a range of high street and online discounts

Work/Life Balance

• A 35‑hour weekly contract – we are happy to talk flexible working and welcome discussions
• 25 days’ annual leave + bank holidays (rises to 30 with length of service)
• The option to buy and sell up to 5 days’ holiday
• Hybrid working (typically 3 days’ home based)
• Above statutory family leave entitlement – 3 months full pay, 3 months half pay, regardless of gender or route to parenthood

Health and Wellbeing

• Access to a health cash plan through a Medicash scheme
• Access to an employee assistance programme
• Free onsite gym at our Cobalt head office and access to discounted gyms
• Two paid volunteering days each year
• Cycle to work scheme

Recognising there’s no one‑size‑fits‑all approach to recruitment, we’re committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you – you can contact your Recruiter for this vacancy at [e-mail].