Front Office – Head of Liquidity & Balance Sheet Management recruitment
As the Head of Liquidity Balance Sheet Management you will have key relationships with Treasury Dealing, Risk Monitoring, Liability Channels, Asset Originators, Regulators, Compliance and Financial Control. In this capacity the Head of Liquidity Balance Sheet Management will actively develop the balance sheet management, funding and liquidity functions within the Treasury division. The Head of Liquidity Balance Sheet Management will have a mandate to manage ALM and liquidity conservatively within pre-agreed risk limits and to PNL targets.
The Head of Liquidity Balance Sheet Management will have two main objectives – (i) manage liquidity and funding conservatively, (ii) looking to generate PNL (lower the FTP) through active IRR management and Balance sheet positioning. These core treasury functions run as a utility centre, within the overall Treasury Business, managing the bank’s balance sheet with related costs/profits distributed back to the lending BU’s.
1.Balance Sheet Management:
• Responsible for flawless execution of money market and cross currency transactions in accordance with the Bank's business strategy and risk appetite, while maintaining a profitable position for the bank.
• Ensure that Balance sheet and Liquidity management complies with all regulatory and internal risk appetite requirements.
• Ensure that IRRBB is accurately hedged and managed within the bank’s stated risk appetite and risk limit framework.
• Work with Treasury Analytics to develop dynamic balance sheet analytical tools to allow for accurate stress testing and ‘what if’ analysis.
• Manage UK banking relationships at a transactional level
• Responsibility for overall team performance against agreed targets and goals.
2.Liquidity Management
• Responsibility for day to day management of the banks’ liquidity and funding, within pre-agreed risk appetite framework.
• Monitoring the ILG levels and currency survival horizons to adhere to regulatory and internal risk appetite requirements.
• Key source of market information and trends for senior management, lending teams and clients.
• Tom/Next nostro squaring for Treasury book, internal counterparties and subsidiaries.
• Contribute to the enhancement of the Funds Transfer Pricing (FTP) framework, both in the planning process and in the ongoing dynamic management of liquidity risks.
• Liaise with Risk Monitoring (ALM) for treasury reporting and analysis – ALCO. Monitor market and liquidity risk reports
• Daily pricing of all liabilities (wholesale and retail deposit yields) distributed to all stakeholders.
3.Other BU responsibilities
• Monitor Daily PNL and Capital Usage report.
• Contribute to the overall strategy and direction of the Treasury team, including the budget and strategy process for the core treasury functions.
• To act with integrity at all times and embrace the philosophy of treating our customers fairly
• Mentoring and guidance of staff. Ensuring we attract and retain best possible people for our business.
The successful Head of Liquidity Balance Sheet Management will offer:
- Market and Product Knowledge: Sound awareness of global macro-economic environment and In-depth technical knowledge of interest rate, cash and FX markets.
- Proven experience in similar roles
- In depth understanding of regulatory environment pertaining to UK Banks and ability to effectively manage a banking book in the context of a changing regulatory environment.
- Understanding Risk – Ability to identify, assess and mitigate market and product risk
- Creative and commercially minded
- Regulatory knowledge
- Ability to communicate at all levels. Proven communication and listening skills
- FSA registered
To learn more about this Front Office – Head of Liquidity Balance Sheet Management vacancy or view a full job description please forward your Curriculum Vitae to Andrew Clark, quoting reference ACK1704510