Head of the Financial Management (Openbank)

Head of the Financial Management (Openbank)

Country: Spain

Join Openbank, the 100% digital bank of the Santander Group, where innovation meets opportunity! With over 2 million customers across Spain, Germany, the Netherlands, and Portugal, we're leading the way in digital banking. Our products are transforming the industry, from loans and mortgages to a cutting-edge, fully automated investment platform.

At Openbank, we pride ourselves on simplicity, agility, and security, earning us the title of the most recommended Spanish bank among our customers. As we expand internationally, with plans to launch in Mexico and the United States, there's never been a more exciting time to join our team.

If you're passionate about digital innovation, eager to make an impact, and ready to be part of a dynamic and forward-thinking company, then we want to hear from you!

Mission:

The Head of the Asset and Liability Management (ALM) is a senior executive role responsible for overseeing all aspects of the ALM function within the Bank. This includes managing the balance sheet, optimizing the risk-return profile, ensuring regulatory compliance, and implementing strategic initiatives to enhance financial performance. The ideal candidate will possess extensive experience in financial risk management and deep knowledge of ALM principles.

Responsibilities:

• Balance Sheet Management: Oversee and manage the bank’s balance sheet, ensuring optimal asset-liability matching to mitigate risks and enhance profitability.
• Structural Risk Management: Identify, assess, and manage financial risks related to interest rates, liquidity, and capital adequacy in collaboration with the Market Risk department.
• Pricing and Profitability Overview: Analyze and validate commercial product pricing proposals, optimizing the risk-return profile.
• Regulatory Compliance: Ensure compliance with all relevant regulatory requirements, including Basel III / IV, IFRS, and other local and international standards.
• Liquidity Management: Monitor and manage the company's liquidity position, ensuring sufficient liquidity to meet obligations.
• Capital Management: Develop and implement strategies for capital optimization to support business growth and regulatory requirements.
• ALM Modelling and Analytics: Utilize advanced ALM modeling techniques to support decision-making and strategic planning.
• Stakeholder and ALCO Engagement: Collaborate with key stakeholders to ensure alignment and effective communication.
• Reporting: Provide regular reports and presentations to the board of directors and senior management on ALM activities, risk exposures, and financial performance.

To be successful in the role you must have:

• Education: A bachelor's degree in finance, economics, accounting, or a related field is required. A master's degree or professional certification (e.g., CFA, FRM) is a plus.
• Experience: A minimum of 7 years of experience in asset and liability management, treasury, risk management, or a related field.
• Technical Skills: Proficiency in ALM modeling, financial analysis, and risk management tools. Strong understanding of regulatory requirements.
• Analytical Skills: Strong analytical and problem-solving abilities, with attention to detail.
• Language: B2 or similar English level.
• Teamwork: Able to work as a team, communicating and sharing findings with team members.
• Motivation: Highly motivated with sound judgment, able to handle confidential information with integrity.

What do we offer?

• Immediate incorporation to a dynamic and agile company with a growth and expansion project.
• Working in start-up mode with the support of Grupo Santander.
• Competitive remuneration and attractive benefits package.
• Possibility of growth within the company and the Group.
• Collaboration in international projects and contact with different countries.
• Excellent work environment, social clubs, and frequent events.

Would you like to grow with us? Join our team!

Openbank is an equal opportunity employer. All applicants will be considered equally without regard to gender identity, sexual orientation, ethnicity, religion, age, political orientation, union membership, or disability status.

We make recruiting decisions based on your experience and skills. We value your passion to discover, invent, simplify, and build.

If you’re not currently living in Madrid or Valencia and are open to relocating, we would still love to consider your application.

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