ALM Manager – Group-Level Financial Risk
Helping shape balance-sheet strategy across a major UK financial services group
We’re working with a large, well-established financial services group that’s looking for an ALM Manager to join its central team. This team sits at the heart of the business, overseeing financial risk across multiple divisions – from retirement and investment management to retail businesses.
If you enjoy the mix of technical analysis, commercial thinking and senior-stakeholder conversations, this is very much that kind of role.
What The Role Actually Involves Day To Day
You’ll be part of a small, high-impact team that makes sure different parts of the organisation are aligned on how they manage interest rate, inflation, currency, credit and equity risks. That includes:
- Working closely with business units to understand their market-risk exposures under Solvency II, IFRS and liquidity metrics
- Spotting inefficiencies or optimisation opportunities across the balance sheet
- Helping develop and embed ALM and investment-risk frameworks at group level
- Connecting macroeconomic views to ALM strategy – e.g., scenario ideas, rebalancing opportunities, downside protection, value-enhancement
- Producing concise, high-quality MI for senior leadership and board-level committees
- Working with the Group Treasury and Group Risk teams to ensure proposals are well-challenged, well-understood and aligned with wider risk appetite
- Supporting improvements to processes, models and tooling – there’s an appetite for smarter, more automated ways of working
A lot of the impact here comes from
how well you communicate complex risk in a simple, credible way. This is not about being the most technical quant in the room – it’s about being able to break down a problem, prototype an idea (often in Excel first), and explain it clearly to senior decision-makers.
Who Will Suit This Role
They’re looking for someone who is bright, dynamic and comfortable moving between technical detail and bigger-picture thinking.
You’ll Likely Have
- A few years’ post-qualification experience (actuarial, investment or accounting backgrounds all work)
- A strong understanding of Solvency II balance sheet mechanics (particularly Matching Adjustment and capital requirements)
- Good knowledge of investments, derivatives and hedging
- The ability to interpret market moves and understand how they flow through IFRS, Solvency II and liquidity metrics
- Comfortable working with data and code-based tools (Python/R a bonus)
- Confidence engaging with senior stakeholders
- Cannot support visa sponsorship
Team & working style
You’d be the third direct report to the hiring manager, joining a small team with a reputation for being sharp, collaborative and genuinely dynamic.
Hybrid working:
2 days per week in the London office
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