Senior ALM Manager
Free to start · No card · 5 credits the moment you sign up
Job description
About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description
The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank.
Under the leadership of the CFO and the finance department heads, the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; financial reporting and accounting, financial planning, and tax management activities.
We believe that freedom, autonomy, and trust bring the best out of people, so we work with team players who get the importance of owning their responsibilities but know the value of collaboration. We are curious, honest, and supportive.
Role Description
The Senior ALM Manager will be responsible for managing the bank’s balance sheet risks, with a particular focus on interest rate risk in the banking book (IRRBB), and market risk.
The role involves developing strategies to optimise hedging, while ensuring compliance with regulatory requirements and internal risk appetite.
The Senior ALM Manager will also play a key role in supporting ALCO decision-making by providing analysis, reporting, and recommendations.
Principal Accountabilities
Balance Sheet Management:
Monitor, measure, and manage structural risks in the balance sheet, including liquidity, funding, and IRRBB.
Develop and maintain structural hedging strategies.
Optimise asset-liability mismatches to support sustainable growth.
Interest Rate Risk:
Analyse repricing gaps and sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE).
Propose hedging strategies (derivatives, swaps, etc.) to manage structural interest rate exposures.
Ensure modelling assumptions (e.g., deposit behaviour, prepayment rates) remain robust and up to date.
Funds Transfer Pricing (FTP)
Support the design and maintenance of the FTP framework.
Provide recommendations to business lines on pricing and profitability.
Reporting & Governance
Produce regular ALM dashboards and reports for ALCO, Risk committees and regulators.
Present findings and recommendations to senior management.
Ensure compliance with PRA, BoE, and Basel regulatory requirements.
Collaboration
Work closely with Treasury, Finance, Risk, and business lines to
Ensure alignment of strategies.
Contribute to stress testing, ICAAP, ILAAP, and Recovery & Resolution planning.
Personal Attributes & Experience
Strong understanding of balance sheet management, liquidity risk, IRRBB, and capital management.
Solid knowledge of PRA/BoE regulatory requirements (LCR, NSFR, IRRBB, ICAAP, ILAAP).
Experience with ALM modelling systems (e.g., QRM, Empyrean, Kamakura, Prometeia).
Analytical mindset with strong quantitative and problem-solving skills.
Ability to communicate complex concepts clearly to senior stakeholders.
Strong organisational and project management skills.
Qualifications & Experience
Bachelor’s degree in Finance, Economics, Mathematics, or related discipline (Master’s preferred).
Professional qualifications (e.g., CFA, ACT, FRM, BTRM) are highly desirable.
Vast experience in Treasury, ALM, Risk, or related areas within banking.
Demonstrated track record of managing balance sheet risks in a regulated environment
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.
Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
Full onboarding support and continued development opportunities
Options for flexible working
Regular social activities
Pension contributions
Discretionary bonus scheme
Private health cover
Life assurance
Family friendly policies including enhanced Maternity & Paternity leave
Don’t tick every box?
Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Prepare your application
Use the description above to assess your fit for Allica Bank - Finance. This checklist is guidance from Resumize, rather than additional requirements from the employer. Imported listings can be shortened or change after collection, so confirm the complete description and current availability before sending an application.
Match requirements to evidence
Identify the responsibilities and skills the employer explicitly names. For each important requirement, choose one example from your work, education, training, or projects. Explain what you did, how you did it, and what changed as a result. Include a measurable outcome when you can support it. If you lack a requirement, describe related experience accurately instead of adding an unfamiliar skill to your resume.
Put the most relevant examples near the top of your resume. Keep job titles, dates, qualifications, and contact details consistent across your application materials. Use the employer’s terminology when it describes your experience accurately; a copied list of keywords does not explain your contribution. A short, specific bullet is easier to review than a paragraph that mixes several unrelated duties.
Check the working arrangement
Confirm the location, schedule, employment type, and any eligibility requirements on the employer’s site. A remote label does not establish worldwide eligibility or flexible hours. If compensation, benefits, equipment, travel, or contract duration are missing from this listing, write down your questions for the recruiter. Do not assume details from another opening at the same company apply to this role.
Review before submitting
Follow the employer’s requested file format and application instructions. Open your exported resume and check that its text is selectable, its sections read in order, and its links work. Proofread names, dates, and contact information. Share confidential work samples only when you have permission, and use an anonymized example when necessary.
Submit through a trusted employer or recruiting destination. If the original listing has disappeared, search the employer’s careers page for the title rather than assuming the vacancy remains open. Save the application date, job reference, and the version of your resume you sent. Those details help you prepare for a later conversation and avoid submitting conflicting information through several job boards.
Review your resume for writing and readability feedback, or browse other openings if this opportunity is unavailable.