Senior Treasury Analyst

OSB Group; United Kingdom; On-site; GBP 60,000 - 75,000; Full time

Job summary

OneSavings Bank PLC is seeking a Treasury Front Office Analyst to enhance cash management, liquidity, and funding strategies. This role involves analyzing the bank's funding positions, maintaining relationships with market counterparties, and executing interest rate hedging strategies. With a base salary of up to £75,000 and numerous benefits, this opportunity fosters professional growth in an inclusive workplace dedicated to employee satisfaction.

Benefits

Discretionary annual bonus of up to 15%

28 days annual leave plus bank holidays

Contributory pension (8% employer 5% employee)

Life Assurance (4x salary) and Group Income Protection

Access to Private Medical Insurance

Hybrid working options

Cycle Purchase scheme

Technology Purchase scheme

Season Ticket Loan

Employee Perk Portals

Qualifications

• Experience in a Treasury Front Office role within a UK bank.
• Understanding of ALM or Interest Rate Risk in banking.
• Production of MI for high-level committees.

Responsibilities

• Analyze liquidity and funding positions.
• Communicate insights to stakeholders.
• Manage Treasury Liquidity Portfolio.

Skills

Liquidity analysis

Asset Liability Management

Trade execution

Financial mathematics

MS Excel

Education

Bachelor’s degree in business or numerate subject

Job description

About the team

The Group Treasury is responsible for managing the Interest Rate, Basis and Liquidity Risk of the bank. This role will be an integral part of a small teamcharged with monitoring these risks and execution of financial instruments, within the market, to mitigate them.

What you will be doing?

The key purpose of this role is to provide analysis for the optimisation of Cash Management, Liquidity and Funding within the Treasury Front Office. Through ownership and development of reporting, deal execution, market insights and balance sheet analysis.

Your responsibilities will include…

• Analysing the bank’s liquidity and funding positions and advising on the wholesale and retail funding strategy to stay within limits and avoid liquidity surplus
• Communicating insights and business intelligence to key stakeholders and committees
• Developing excellent relationships with market counterparties to ensure good primary and secondary market access for securitisation purchases
• Liaising with back office to ensure effective and efficient end to end execution
• Providing joint support in the execution of interest rate hedging analysis and transactions including dealing interest rate swaps
• Structuring of hedging strategies for debt and ABS issuance
• Assisting in the management of the Treasury Liquidity Portfolio, providing analysis on counterparty exposures, performance updates, risk/return metric tracking and propose strategies for its optimisation
• Contributing to the development of the Quantum treasury management system and Focus ALM
• Providing support and coaching to the Treasury Front Office Analysts

What's in it for you?

We offer a base salary dependent on experience up to £75,000 and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%
• 28 days annual leave plus bank holidays
• Contributory pension(8% employer 5% employee)
• Life Assurance (4x salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan

• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme

Please use this link to see the fantastic benefits available at OSB: OSB Careers

About us

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

Do you have the skills?

We are looking for talented individuals who have the experience and knowledge set out below:

• Essential experience:
  • Working in a Treasury Front Office role preferably in a UK bank
  • A clear understanding of Asset Liability Management (ALM) or Interest Rate Risk (IRR) in a Banking environment
  • Production of meaningful MI for high level committees
  • Trade execution of IRS, ABS and SSA including asset swaps
  • Clear understanding of financial mathematics for instruments used in the management of the risks outlined above
  • Advanced practical knowledge of MS Excel is essential

• Bachelor’s degree in a business related or numerate subject, work experience to replicate this would be considered
• Qualifications such as Cert BALM or CFA would be advantageous

Next steps

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.