Balance Sheet Manager

Leek Building Society; West Midlands; Hybrid; GBP 65,000 - 85,000; Full time

Benefits offered by this job

35-hour working week

7.5% employer pension contribution

Minimum 26 days' holiday plus bank

Holiday purchase and sale scheme

Free health screening

24/7 GP access for you and your family

Mental health support and counsellors

Sick pay & family leave from day one

Life assurance four times salary

Retail discounts and salary sacrifice

Job summary

Leek Building Society is seeking a highly analytical Balance Sheet Manager to join our Treasury and Financial Planning & Analysis team. This senior role will lead capital and liquidity stress testing, ICAAP/ILAAP work, and management reporting to support balance sheet risk and regulatory compliance.

You'll collaborate across Finance, Products and the wider Society, acting as primary dealer for interest rate hedging and helping translate complex data into clear recommendations that guide

Qualifications

• A relevant accounting, Treasury, finance or risk qualification, progress towards one, or equivalent professional experience.
• Experience working in Treasury, balance sheet management, financial risk or a related finance role.
• Knowledge of capital, liquidity and interest rate risk management.
• Experience analysing complex financial information, maintaining financial models and developing clear recommendations.
• Advanced working knowledge of Microsoft Excel.
• Experience preparing clear reports or papers for senior stakeholders or committees.
• Understanding of stress testing, financial modelling and appropriate model controls.

Responsibilities

• Leading detailed capital and liquidity stress testing and ensuring the resulting analysis is accurate, robust and appropriately evidenced.
• Preparing and maintaining the Society's ICAAP, ILAAP and Recovery Plan, working with relevant areas across the business to produce high-quality regulatory documents.
• Keeping the Recovery Plan aligned with relevant regulatory expectations and developments.
• Leading customer behavioural analysis to support capital, liquidity and interest rate risk management.
• Supporting improvements to the Society's Financial Planning and Treasury model estate.
• Ensuring Treasury risks are accurately reported by working with the reporting team and updating models where required.
• Preparing clear, evidence-based papers on Treasury matters for ALCO and other committees.
• Reviewing and updating Treasury risk appetite and policy documents and presenting them to ALCO and the Board for approval.
• Supporting the development and effective implementation of the Society's model-risk framework.
• Acting as the Treasury team's primary dealer and transacting interest rate swaps with approved counterparties to manage Interest Rate Risk in the Banking Book.
• Managing the Society's interest rate hedging programme, including oversight of tranche-management data and processes.
• Working with Products and Finance colleagues to ensure hedging information is accurate, current and produced efficiently.
• Exploring opportunities to use excess liquidity appropriately for investment and interest rate risk management.
• Ensuring Treasury activity complies with internal policies and relevant regulatory standards.
• Promoting collaboration, constructive challenge and continuous improvement across Treasury and Financial Planning.

Skills

Excel

Analytical skills

Numerical skills

Attention to detail

Education

Accounting / Treasury / Finance or risk qualification

Tools

Regulatory reporting tools

Job description

£65,000 - £85,000 per annum

Leek, St Edward Street

Hybrid/Flexible Working | Minimum 2 Days per Week in the Office

Full Time | 35 Hours per Week | Permanent

The Organisation

At Leek Building Society, we pride ourselves on being a force for good. We exist to help our communities grow, so they can do great things today and even better things tomorrow.

Our colleagues are one of the communities we support. That's why we've created an inclusive, engaging workplace where people have the freedom to be themselves, develop their skills and build rewarding careers.

We're proud to be recognised as a Great Place to Work, based on feedback from our colleagues, and equally proud to have been recognised externally, winning Best Building Society and Best Specialist Mortgage Provider at the 2026 British Bank Awards.

As a mutual organisation, our members are at the heart of everything we do, and every colleague plays an important role in helping us deliver outstanding service to our customers and communities.

Why Join Us?

We believe great people deserve great benefits. That's why we offer:

• 35-hour working week
• 7.5% employer pension contribution
• Minimum 26 days' holiday plus bank holidays
• Holiday purchase and sale scheme
• Free health screening
• 24/7 GP access for you and your close family
• Comprehensive mental health support, including counselling and Mental Health First Aiders
• Enhanced sick pay and family leave from day one
• Up to 6 months' guaranteed sick pay for major illnesses
• Life assurance worth four times your annual salary
• Workplace savings account with a £100 bonus for regular savers
• Continuous learning and development opportunities
• Retail discounts and salary sacrifice schemes
• Onsite gym at our Head Office
• Flexible and hybrid working opportunities

The Opportunity

We're looking for a highly analytical and commercially aware Balance Sheet Manager to join our Treasury and Financial Planning & Analysis function.

This is an influential role supporting the Society's management of its balance sheet and associated financial risks. You'll lead detailed capital and liquidity stress testing, support the management of interest rate risk and model risk, and produce key regulatory documents, including the Society's ICAAP, ILAAP and Recovery Plan.

You'll also play an important role in Treasury activity, acting as the team's primary dealer and undertaking interest rate swap transactions to support the management of Interest Rate Risk in the Banking Book. Working closely with colleagues across Finance, Products and the wider Society, you'll provide high-quality analysis, challenge assumptions and help translate complex financial information into clear recommendations.

You’ll prepare papers and risk reporting for ALCO and other committees, contributing directly to informed decision-making and the effective management of the Society's capital, liquidity and interest rate risk.

What You'll Be Doing

• Leading detailed capital and liquidity stress testing and ensuring the resulting analysis is accurate, robust and appropriately evidenced
• Preparing and maintaining the Society's ICAAP, ILAAP and Recovery Plan, working with relevant areas across the business to produce high-quality regulatory documents
• Keeping the Recovery Plan aligned with relevant regulatory expectations and developments
• Leading customer behavioural analysis to support capital, liquidity and interest rate risk management
• Supporting improvements to the Society's Financial Planning and Treasury model estate
• Ensuring Treasury risks are accurately reported by working with the reporting team and updating models where required
• Preparing clear, evidence-based papers on Treasury matters for ALCO and other committees
• Reviewing and updating Treasury risk appetite and policy documents and presenting them to ALCO and the Board for approval
• Supporting the development and effective implementation of the Society's model-risk framework
• Acting as the Treasury team's primary dealer and transacting interest rate swaps with approved counterparties to manage Interest Rate Risk in the Banking Book
• Managing the Society's interest rate hedging programme, including oversight of tranche-management data and processes
• Working with Products and Finance colleagues to ensure hedging information is accurate, current and produced efficiently
• Exploring opportunities to use excess liquidity appropriately for investment and interest rate risk management
• Ensuring Treasury activity complies with internal policies and relevant regulatory standards
• Promoting collaboration, constructive challenge and continuous improvement across Treasury and Financial Planning

What We're Looking For

Essential

• A relevant accounting, Treasury, finance or risk qualification, progress towards one, or equivalent professional experience
• Experience working in Treasury, balance sheet management, financial risk or a related finance role
• Knowledge of capital, liquidity and interest rate risk management
• Experience analysing complex financial information, maintaining financial models and developing clear recommendations
• An understanding of stress testing, financial modelling and appropriate model controls
• Experience preparing clear reports or papers for senior stakeholders or committees
• Advanced working knowledge of Microsoft Excel
• An understanding of the regulatory environment within financial services
• Strong numerical and analytical skills, with excellent attention to detail
• The ability to challenge assumptions, identify financial risks and explain complex information clearly to specialist and non-specialist audiences

Desirable

• Knowledge of building society or retail banking products and balance sheets
• Experience within a building society, bank or another regulated financial services organisation
• Knowledge or experience of ICAAP, ILAAP, recovery planning and Interest Rate Risk in the Banking Book
• Experience supporting capital, liquidity or interest rate risk management and stress testing
• Knowledge or experience of Treasury dealing, interest rate swaps or hedging
• Experience of ALCO reporting or model-risk management

We welcome applications from candidates who can demonstrate strong transferable Treasury, finance or financial-risk experience, even if their background is not specifically within a building society.

Inclusion

We are committed to creating an inclusive workplace where everyone feels respected, valued and able to succeed. We welcome applications from people of all backgrounds, experiences and communities and will provide reasonable adjustments throughout the recruitment process where required.

Pre-Employment Checks

As a regulated financial services organisation, all offers of employment are subject to satisfactory pre-employment screening.

Depending on the role, this may include:

• References
• Right to work verification
• Standard Disclosure and Barring Service (DBS) check
• Adverse credit check
• Financial sanctions screening
• Verification of qualifications and professional memberships, where applicable

Any offer of employment will be conditional upon the successful completion of the relevant checks.

Application Guidance

As a regulated financial services organisation, honesty and integrity are important to us. We recognise that candidates may use technology, including AI tools, to support the preparation of their application. However, all information submitted must be accurate and genuinely reflect your own skills, knowledge and experience. We may explore application content further during the recruitment process to verify and better understand the examples provided.

Interested in Finding Out More?

A full Job Description and Person Specification are available on our careers website. We encourage applicants to review these documents before applying.

If you require any reasonable adjustments as part of the recruitment process, please let us know and we'll be happy to discuss how we can support you.

Join an award-winning building society where people matter, communities matter, and your career can thrive.