Job DescriptionAt SilverRock, we are building a new bank. Our vision is to “Pioneer fairer financial outcomes by empowering lenders to deliver and enabling savers to prosper” We are doing this by building a unique and highly scalable data driven multi-asset bank through a partnership of ecosystems, specialising in the delivery of forward flow partnerships and portfolio acquisitions from non-bank lenders, alongside our own brand deposits.
Purpose of Role
This key role reports to the CFO with responsibility for SilverRock’s Treasury operations and investment portfolio. The role will also optimise SilverRock’s balance sheet management performance; will be responsible for ILAAP and ALCO processes; and be a major element in the optimisation of net interest margin.
The role will require close liaison with all business functions, including Exco, Commercial, Operations, and Risk.
Role Accountabilites:
- Support the CFO in the proactive management of the balance sheet, including optimisation of the liquidity portfolio
- Manage the Bank’s exposures to liquidity, funding, interest rate and capital risks
- Build and manage the bank’s liquidity and investment portfolio
- Develop and implement a strategy and systems and controls for dealing and hedging
- Develop access to Bank of England facilities
- Develop relationships and agreements with counterparties to ensure market access for hedging, investments, and repo
- Principal author and owner of key processes and regulatory submissions covering balance sheet management; responsibility for the ILAAP (when transferred from the Risk team)
- Set up SilverRock’s chosen ALM system ensuring the integrity of data capture
- Measurement and management of balance sheet risk; notably interest rate and liquidity risks
- Lead and develop modelling to support risk analytics for interest rate and capital risks
- Own production of the ALCO pack and be a full voting member of this key committee
- Support the development of new product processes and pricing, ensuring they consider all relevant Treasury considerations
- Proactively monitor the regulatory landscape and in doing so assess the impact of changing regulation on the Bank
- Review FINREP and COREP regulatory submissions (produced by the separate Regulatory Reporting team)
- Develop and implement appropriate Treasury policies
- Provide appropriate management information to support business and strategic decisions
Key Required Skills
We are looking for an exceptionally talented and experienced individual, highly motivated and with proven expertise across treasury/ALM. The successful candidate will build the treasury function of the Bank, working closely with other teams as required to drive commercial growth of the business. We require an individual with energy, authenticity, gravitas and charisma – capable of initiating and nurturing relationships, leading the function with skill, experience and passion.
An ideal candidate should have:
- Strong balance sheet management/treasury background and knowledge of risk management
- Demonstrable track record in the management of Treasury held assets (e.g. gilts, RMBS etc)
- Knowledge of asset and liability management modelling and systems, including transfer pricing
- Strong understanding of the UK regulatory environment
- Good understanding of ILAAP, ICAAP and RRP processes
- Detailed knowledge of treasury products and their use from a hedging perspective
- A thought leader for ALM with a strong ability to work collaboratively across an organisation
- Commercial awareness and the ability to balance risk and reward
- High degree of honesty and integrity
- Strong work ethic
- Strategic thinker and proficient decision maker
- Ability to develop and maintain professional relationships
- Strong organisational and planning skills
- Proven leadership abilities
- Ability to effectively delegate and manage
- Excellent communication skills (written and verbal)
Key Qualifications
- Bachelor's degree in business, accounting, economics, finance or other related subject is preferred (but not a must, other BA degrees can be acceptable for the right candidate)
- A proven track record of treasury/ALM, with a minimum 5 years related experience
- Understanding of accounting, relevant regulations and economics
- Previous experience as a bank treasurer is preferred, or senior roles in larger banks
Benefits
- Lifestyle and family friendly policies
- Health Insurance for you and your partner
- 28 day holiday entitlement (plus bank holidays)
- Life Insurance
- Pension
Must be able to work in the UK without requiring Sponsorship.