Treasury Asset and Liability Manager

Monzo; Cardiff; Hybrid; GBP 78,000 - 95,000; Full time

Job summary

A leading company in financial services is seeking a Treasury Asset and Liability Manager to enhance balance sheet management and reporting. You will work across Treasury, Finance, and Risk functions, playing a key role in developing strategies for liquidity, funding, and interest rate risks. The role offers a competitive salary with a flexible working environment, including options for remote work throughout the UK.

Benefits

Flexible working hours

£1,000 annual learning budget

MacBook provided for home office

Share options

Qualifications

• Understanding of Treasury processes and risk management activities.
• Proven experience within a regulated bank environment.
• Ability to drive Treasury initiatives and lead projects.

Responsibilities

• Overseeing Treasury performance metrics and governance.
• Managing ALM system configurations and policies.
• Engaging with Finance on profitability activities.

Skills

Treasury processes

Risk management

Leadership

Relationship building

Education

Experience in a regulated financial institution

Tools

ALM system

Job description

We're on a mission to make money work for everyone.

We're waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!

We're not about selling products - we want to solve problems and change lives through Monzo

Hear from our UK team about what it's like working at Monzo
• London, Cardiff or UK Remote | £78,000-£95,000 dependent on experience + share options + Benefits | Hear from the team

☆Our finance team

We are looking for a detailed orientated & collaborative Treasury Asset and Liability Manager (ALM) to play a key role in enhancing Treasury's balance sheet management capabilities and reporting. This is an important role for us, which will work across the Treasury, Finance and Risk functions.

About the role:

We are hiring aTreasury Asset and Liability Manager who will be responsible for designing and setting up the relevant methodology, policies and procedures, developing configuration in the Asset Liability Management system (MORS) system related to the Balance Sheet Management, including an efficient, transparent and effective Funds Transfer Pricing methodology and platform to measure product risk and profitability through the lens of the Liquidity, Funding and Interest Rate risks.

This role will also be accountable to contribute to the ICAAP and ILAAP processes and assessments, review behavioural analysis and limit setting.

You'll play a key role by...

• Overseeing and reporting performance metrics into governance committees and forums
• Assisting with developing ALM policies and procedures and performing control monitoring
• Ensuring appropriate oversight of balance sheet and off balance sheet new and existing products and their impacts on IRRBB and Liquidity metrics is accurately captured
• Engaging with the wider Finance on the Bank Profitability activities
• Owning the configuration of the ALM system
• Ensuring policy and procedures documentation is in line with the requirements
• Managing and reporting liquidity, funding and IRRBB metrics in a timely manner
• Helping to innovate and improve the effectiveness of the liquidity management framework, risk management processes to ensure they work for Monzo
• Fostering positive and collaborative relationships with all stakeholders
• Contributing to the development and implementation of the Stress testing activities related to the Interest Rate risk, Liquidity and Funding risk and CSRBB measurements

We'd love to hear from you if...

• An understanding of Treasury processes and risk management activities.
• Experience in Treasury modelling and methodology designs.
• Have the ability to apply strategic thinking and planning skills to formulate, execute and translate business strategy to determine priorities and goals for the business.
• Have knowledge and experience of the ALM system and configurations required.
• You can demonstrate leadership and ability to initiate and drive Treasury initiatives.
• You hold an in-depth understanding of the risks embedded in different banking book products.
• You have proven experience within a regulated financial institution/retail bank environment
• Strong awareness and understanding of the wider business, economic and regulatory environment.
• You have excellent facilitation skills to regularly assess needs and views product owners, senior management team in relation to the product profitability.
• You have excellent relationship building skills demonstrating ability to listen, influence, present and communicate with different internal and external stakeholders.

Not ticking every box? That's totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we're dedicated to creating a diverse and welcoming team. If you're passionate about this role and keen to learn and grow with us, we encourage you to apply- even if you don't have everything that's listed just yet. Drop us your application, we'd love to hear from you!

What's in it for you

£78,000 - £95,000 +share options.

This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London)

We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.

+ Plus lots more! Read our full list of benefits.

The application journey.

• Recruiter Conversation.
• Initial Interview with the Hiring Manager
• Role Specific Interview & Behavioural Interview
• Final Leadership Interview

This process should take around 3-4 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.

You'll hear from us throughout the application process, but if you've got any questions, please reach out to [e-mail]. You can also use this email address to let us know if there's anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

We'll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don't miss out.

#LI-TP2

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we're making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we're embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We're an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage