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Overall Summary
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.
Join Close Brothers Treasury Balance Sheet Management Team where you will be responsible for the identification, and centralisation into Treasury, of interest rate risks that arise across the Close Brothers Banking Book balance sheet. They will work closely with the business lines to identify interest rate exposures on their product offerings, including embedded optionality exposures. They will also work in partnership with Finance and Risk to ensure that the identified risks are reported in an accurate and timely fashion.
Responsibilities
Asset and Liability Management
- Working with the various businesses to identify, and manage, interest rate risk exposures arising from their products. This includes working with the businesses to review business assumptions and key risk indicators and presenting any findings, and recommended actions, to business Risk Committees and ALCO
- Propose trades to hedge the interest rate risk that arises on the business balance sheets and ensure that the intercompany funding process operates effectively
Processes / Reporting
- Produce and develop MI that shows the effectiveness of the Treasury hedging programme
- Document key assumptions, risk drivers and limitations of models used for ALM scenarios and key stress tests
People
- The candidate will be expected to work closely and proactively with managers at all levels as well as liaising with other Treasury, Finance and Risk representatives
Conduct, Risk and Compliance
- Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/ARE:
- The ability to quickly establish strong working relationships with business, Treasury, Finance and Risk managers across the Group
- Excellent quantitative skills – ideally with risk management experience
- The ability to manage work requests working to tight timescales whilst maintaining quality
- A track record of delivery
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE/ARE:
- Financial modelling skills and techniques for both treasury and banking products
- Experience in ALM, BSM, NTMR or IRRBB within retail banking
- A good understanding of different asset and liability products offered and their distinct finance behaviours and characteristics
- Educated to degree level or equivalent, ideally in a finance or mathematical based subject.
- ACT / CIMA / CFA / MBA / other appropriate qualification
We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at
[email protected] or request a call back.
About Us
For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers
To find out more about life at Close Brothers:
https://www.closebrothers.com/life-close-brothers#374017299-899295541
To find out more about our benefits:
https://www.closebrothers.com/employee-benefits
To find out more about our commitment to creating an inclusive environment:
Our Responsibility - Diversity and inclusion ¦ Close Brothers Group
