Senior ALM Manager

Allica Bank; Greater London; Hybride; GBP 90 000 - 130 000; Plein temps

Avantages offerts par ce poste

Full onboarding support and continued

Flexible working

Regular social activities

Pension contributions

Discretionary bonus scheme

Private health cover

Life assurance

Family friendly policies including M&F

Résumé du poste

Allica Bank is seeking a Senior ALM Manager to lead balance sheet risk management with a focus on IRRBB and market risk. You will develop hedging strategies, ensure regulatory compliance, and support ALCO decisions with robust analysis and reporting.

You will collaborate with Treasury, Finance, and Risk teams to optimise asset‑liability mixes and strengthen capital management across the bank.

Qualifications

• Solid understanding of balance sheet management, liquidity risk, IRRBB, and capital management.
• Strong knowledge of PRA/BoE regulatory requirements (LCR, NSFR, IRRBB, ICAAP, ILAAP).
• Experience with ALM modelling systems (QRM, Empyrean, Kamakura, Prometeia).
• Analytical mindset with strong quantitative and problem-solving skills.
• Ability to communicate complex concepts clearly to senior stakeholders.
• Strong organisational and project management skills.

Responsabilités

• Monitor, measure, and manage structural risks in the balance sheet including liquidity and IRRBB.
• Develop and maintain structural hedging strategies and optimise asset-liability mismatches.
• Analyse repricing gaps and NII/EVE sensitivity; propose hedging strategies.
• Support design and maintenance of FTP framework and pricing insights.
• Produce ALM dashboards and reports for ALCO, Risk committees and regulators.
• Collaborate with Treasury, Finance, Risk and business lines to align strategies.
• Contribute to stress testing, ICAAP, ILAAP and Recovery & Resolution planning.

Connaissances

Balance sheet management

Liquidity risk

IRRBB

Capital management

Regulatory requirements (PRA/BoE)

ALM modelling systems (QRM, Empyrean,

Formation

Bachelor’s degree in Finance/Economics/Mathematics

Master’s degree (preferred)

Professional qualifications (CFA/ACT/FRM/BTRM) desirable

Outils

QRM

Empyrean

Kamakura

Prometeia

Description du poste

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank.

Under the leadership of the CFO and the finance department heads, the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; financial reporting and accounting, financial planning, and tax management activities.

We believe that freedom, autonomy, and trust bring the best out of people, so we work with team players who get the importance of owning their responsibilities but know the value of collaboration. We are curious, honest, and supportive.

Role Description

The Senior ALM Manager will be responsible for managing the bank’s balance sheet risks, with a particular focus on interest rate risk in the banking book (IRRBB), and market risk.

The role involves developing strategies to optimise hedging, while ensuring compliance with regulatory requirements and internal risk appetite.

The Senior ALM Manager will also play a key role in supporting ALCO decision-making by providing analysis, reporting, and recommendations.

Principal Accountabilities

Balance Sheet Management:

• Monitor, measure, and manage structural risks in the balance sheet, including liquidity, funding, and IRRBB.

• Develop and maintain structural hedging strategies.

• Optimise asset-liability mismatches to support sustainable growth.

• Interest Rate Risk:

• Analyse repricing gaps and sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE).

• Propose hedging strategies (derivatives, swaps, etc.) to manage structural interest rate exposures.

• Ensure modelling assumptions (e.g., deposit behaviour, prepayment rates) remain robust and up to date.

Funds Transfer Pricing (FTP)

• Support the design and maintenance of the FTP framework.

• Provide recommendations to business lines on pricing and profitability.

Reporting & Governance

• Produce regular ALM dashboards and reports for ALCO, Risk committees and regulators.

• Present findings and recommendations to senior management.

• Ensure compliance with PRA, BoE, and Basel regulatory requirements.

Collaboration

• Work closely with Treasury, Finance, Risk, and business lines to

• Ensure alignment of strategies.

• Contribute to stress testing, ICAAP, ILAAP, and Recovery & Resolution planning.

Personal Attributes & Experience

• 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).

• Analytical mindset with strong quantitative and problem-solving skills.

• Ability to communicate complex concepts clearly to senior stakeholders.

• Strong organisational and project management skills.

Qualifications & Experience

• Bachelor’s degree in Finance, Economics, Mathematics, or related discipline (Master’s preferred).

• Professional qualifications (e.g., CFA, ACT, FRM, BTRM) are highly desirable.

• Vast experience in Treasury, ALM, Risk, or related areas within banking.

• Demonstrated track record of managing balance sheet risks in a regulated environment

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.