Treasury Operations Analyst - 12 Month FTC

Allica Bank Limited; Milton Keynes; On-site; GBP 40,000 - 60,000; Full time

Job summary

Allica Bank is seeking a Treasury Management professional to oversee daily treasury operations. The role involves managing collateral, payments, and derivatives while ensuring compliance and accuracy. Ideal candidates will possess strong analytical skills and finance background, thriving in a dynamic environment with opportunities for flexible work.

Benefits

Flexible working options

Discretionary bonus scheme

Private health cover

Life assurance

Pension contributions

Enhanced Maternity & Paternity leave

Full onboarding support

Regular social activities

Qualifications

• Experience in Treasury Back Office required.
• Understanding of interest rate swaps, securities, liquidity, and payments.
• Ability to manage complex priorities and deliver results.

Responsibilities

• Manage Treasury daily operations and client fund management.
• Perform daily payments and reconcile derivative valuations.
• Liaise with external counterparts for smooth transactions.

Skills

Analytical skills

Problem-solving skills

Interpersonal skills

Tools

MS Office

Job description

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.

Role Description

Primary duties consist of Treasury Management daily operations to ensure all processes are completed accurately and in a timely manner. Assist with processing, coordinating and implementation of Treasury Management products to ensure delivery is within time frames as specified. Work closely with Treasury Front Office to enhance the satisfaction of our clients through timely and accurate funds management.

The role will focus on key treasury activities such as collateral management, payments, swaps settlement, intraday liquidity management and support Treasury with ad hoc projects and activities.

Principal Accountabilities

• BAU support and cover of Treasury activities including reporting, reconciliation, settlements, payments processing, bank account signatories and other ad hoc tasks.

• Continuous process change, implementing processes, procedures, reporting as per the business needs.

• Assist in the management and maintenance of the bank's Treasury Management System. Ensuring all transactions are recorded within the Treasury Management System.

• Reconciliation of derivative valuations and analysis of MtM movements.

• Month end preparation including statement gathering, fee and interest posting and resolving reconciliation discrepancies.

• Collateral Management reconciliation activities such as agreement of margin calls, collateral interest and coupons relating to derivative positions.

• Approval of trade confirmation matching for swaps and bonds.

• Performing daily payments, ensuring all treasury payments are made accurately and on time.

• Monitoring and reporting of counterparty credit risk to ensure Treasury remains within policy.

• Daily management of collateral posting and exchange with Bank of England including Bank of England testing.

• Liaise with external counterparts (banks, brokers) for smooth transactions and issue resolution.

• Assist in projects that involve new products or partnerships from the Treasury Operations perspective.

Personal Attributes & Experience

• Experience of working in Treasury Back Office.

• Understanding of interest rate swaps, securities, liquidity and payments.

• You will have knowledge of Treasury settlement processes and in particular Treasury transactions.

• You are used to supporting Treasury with settlement of derivatives transactions, bonds and you will be able to perform the control checks for numbers accuracy.

• Excellent analytical and problem-solving skills developed from a finance-based background.

• Excellent oral and written communication skills with use of MS Office including Excel, Word and PowerPoint.

• Experience of continuous process change, implementing processes, procedures, reporting as per the business needs.

• Be capable of working in a fast-paced environment, managing complex, competing and alternating priorities with a constant focus on delivery.

• Have resilience and energy for collaborating with others, working flexibly and driving developments rapidly.

• Have confidence, creditability and highly developed interpersonal skills with a ‘can-do’ attitude.

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.