Senior Treasury Analyst - Secured Funding

Nationwide Building Society; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Nationwide Building Society is looking for a Secured Funding Senior Analyst to join our Treasury team in London. This role offers hybrid working and involves structuring secured funding, reporting, and managing mortgage pools. Ideal candidates will possess strong analytical skills, Excel expertise, and a keen attention to detail, contributing to Nationwide's mission of fairer banking for society.

Benefits

Personal pension contributions

Up to 2 days paid volunteering

Life assurance worth 8x salary

Free and paid options for health and wellness

Annual performance related bonus

Access to training and career development

25 days holiday, pro rata

Qualifications

• Ability to prepare and review data for investor and regulatory reports.
• Strong Excel skills including SQL & VBA.
• Highly organized with strong analytical mindset.

Responsibilities

• Responsible for reporting to regulators and stakeholders.
• Manage mortgage pools and collateralisation levels.
• Calculate and transact cashflows from mortgages.

Skills

Analytical mindset

Problem solving

Strong Excel skills

Attention to detail

Communication skills

Tools

SQL

VBA

Job description

Treasury is an exciting and demanding area of our business. We raise wholesale funding, manage liquidity, and minimise interest rate risk for the Society. We’re also the team with responsibility for originating structured finance transactions and managing mortgage portfolios as well as helping to achieve best returns on the Society’s asset portfolios.

The Secured Funding Team is responsible for structuring, issuing, and maintaining wholesale funding which is secured by Nationwide’s residential mortgages. There are three types of wholesale funding that the team are responsible for – covered bonds, securitisation (specifically RMBS - Residential Mortgage-Backed Securities) and central bank funding schemes.

We are looking for an individual with strong analytical/problem solving mindset and an understanding of mortgages who is interested in taking the next step in their career to join our team as a Secured Funding Senior Analyst. Naturally, we'll expect you to be a great fit in to the culture of the Treasury team, be an advocate of everything the Society stands for and always be seeking to do the right thing.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at our London office. Whilst these locations are where we are primarily looking to fill the role, if you’re an internal applicant based in a different location we would welcome your application and if successful, your hiring manager will provide further details on how this could work for this specific role. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

• This role will focus on the structuring and reporting of secured funding. There are four core elements to the role:
  • Reporting – you will be responsible for preparation and submission of reporting to regulators, investors, rating agencies and other internal/external stakeholders.
  • Pool management – you will be responsible for selecting suitable mortgages to be pledged across the secured funding programmes, and then monitoring these mortgage pools to maintain appropriate levels of collateralisation.
  • Cash management – you will be responsible for calculating and transacting the movement of cashflows that arise from pledged mortgages.
  • Facilitating audits on the secured funding programmes.

• Alongside this there are numerous opportunities to get involved with:
  • The development and maintenance of the teams reporting function, processes, and systems.
  • New initiatives (both internal and external) and consideration of the impact they may have on the Society’s funding programmes.
  • Help to solve investor queries as they occur.
  • Adhoc problem solving and data analysis on vast datasets for both internal and external stakeholders.
  • Engaging with other areas of the Society to see the bigger picture and understanding how the team’s activities help reward our members and deliver value to Nationwide.
  • Supporting on credit rating processes for new issuances and programme reviews.

About you

We are looking for someone who is keen to work in a forward-looking team and who is not afraid of taking on a challenge. Enthusiastic and with a logical and analytical mind, you’ll be able to tackle tasks individually or as part of a group; thinking of solutions that no one has considered before.

As a minimum requirement you’ll need to have/ be:

• Ability to prepare and review data contributing to the secured funding programmes Investor reports and regulatory reports.
• Strong Excel skills (including SQL & VBA), with the ability to assimilate and interpret significant volumes of data to help answer queries from investors and explain trends.
• Highly organised with ability to successfully manage multiple workstreams and deadlines.
• Highly numerate with a strong analytical mindset and innovative thinking in relation to problem solving and solution development.
• Ability to pay high attention to detail and accuracy.
• Strong communication skills enabling the effective communication of issues and solutions and collaboration with a range of stakeholders.

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind

• Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
• Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Wellhub – Access to a range of free and paid options for health and wellness
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata

Banking – but fairer, more rewarding, and for the good of society

We forge our own path at Nationwide.

As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.

If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us.

At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.

We are Purpose-driven. Uncompromisingly Customer. Unstoppably Nationwide.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

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