Head of ALM - Reports to Chief Finance Officer
The Head of ALMT works within and leads the ALMT team and will take the ALMT lead when working with the business to deliver the objectives set.
Externally, the jobholder will engage with legal counsel, investment banks, rating agencies and other third parties relevant to the deliverables of the team.
ROLE DELIVERABLES
Funding Needs:
Plan the optimal liquidity and long-term financing needs and optimize the entities balance sheet in line with its delegated mandate
Define and implement financing, investment and hedging strategies (rates, exchange rates, liquidity, etc.) in coordination with the JV shareholders, with respect to the defined and authorized limits
Identify and monitor relevant indicators to maintain a balanced balance sheet: regulatory indicators, sensitivity of net interest margin, net present value, etc.;
Report as much as necessary to the Management Committee on ALM Treasury issues and to the requests of shareholders through their specialized services
Manage the existing deposit activity in coordination with the shareholders. Study and if necessary, implement the deployment of repository activity in new geographies.
ALM Treasury Partnership Enhancement:
In close collaboration with the Finance teams participate in the optimization of practices
Train and be a team leader on the Companys Treasury ALMT standards
Responsible for quality and continuous improvement within the team
Actively participate in Executive Committee and projects (Bale4, ICAAP)
Partnering with Line of Business and various Treasury/Finance groups to develop ALM Treasury-Line of Business Monthly Forums:
Lead the ALCOandTreasury committees and subsidiary committees, notably:
Funding plan discussion/Provision of market insight
Balance sheet management including Interest Rate risk and Foreign Currency hedging
Economic forecasting/insight
Line of business origination strategy and asset forecast
Provide assistance to other functional areas in assessing the financial impact of new product introductions
Act of primary liaison with LOB to provide educational bridge between allocated funding costs and FTP rates, with a focus on providing insight to LOB re. future marginal funding strategy and hence providing insight into efficient LOB fundable product development.
ALMT risk management:
Champion development of liquidity and interest rate risk reporting
Manage the ILAAP reporting and its board validation
Monitor liquidity ratios (LCR, NSFR)
Monitor MREL ratio
Assist in developing cash management strategies, liquidity strategies, and stress testing liquidity
In conjunction with the Balance Sheet Management team, assist in identification of market risks in the balance sheet
Development of hedging strategies to protect the balance sheet based on the outlook for market interest rates
Provide insight into key market changes and the resultant influence on customer behaviour, balance sheet mix and the structural interest rate risk position
RWA optimization
oPropose RWA optimization, through securitisations, credit insurances etc..
oWork closely with shareholders expert teams to ensure profitability
JOB CHALLENGES
The jobholder will be expected to work closely with Chief Finance Officer and ALMT Senior Managers collaboratively as a team but is expected to act autonomously in terms or daily priorities and decision making.
BUDGET RESPONSIBILITIES
Responsibility for oversight, deployment and control of the ALMT budget.
CANDIDATE PROFILE
Foreign language skills:
English is required. French is a nice to have.
Professional qualifications, vocational training, education level:
Bachelor's degree required; Business, Finance, Accounting or related field preferred
Master's degree desired but not essential
Professional Finance certification as required
Previous experience required:
Significant lead role experience within large corporate financial services
Experience supporting C Suite level strategic planning and implementation
Experience in a fast-moving consumer finance business or similar environment
Person characteristics required:
Effective communication skills and motivation skills, and ability to liaise and communicate with senior management and external suppliers at all levels
Ability to interpret and evaluate information and make authoritative recommendations
Ability to think conceptually and creatively in order to continually develop functional area
Ability to coach, mentor and manage team members and manage the knowledge base of the functional area
Ability to effectively manage change (with respect to both people and processes)
Analytical skills and good problem solving ability
Ability to work under pressure, to prioritize effectively and show resilience
JBRP1_UKTJ
