Senior ALM Manager: Balance Sheet & Risk Strategy

Allica Bank; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

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

Job summary

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.

Responsibilities

• 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.

Skills

Balance sheet management

Liquidity risk

IRRBB

Capital management

Regulatory requirements (PRA/BoE)

ALM modelling systems (QRM, Empyrean,

Education

Bachelor’s degree in Finance/Economics/Mathematics

Master’s degree (preferred)

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

Tools

QRM

Empyrean

Kamakura

Prometeia

Job description

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.