Balance Sheet Manager

Job title:

Balance Sheet Manager

Company

Tandem Bank

Job description

Job Title: Balance Sheet Manager
Working Pattern: Monday to Friday (09:00-17:00)
Salary: Up to £100k and up to 20% bonus and benefits
Location: Flexible, we could support hybrid working from either our Blackpool or London offices. Occasional travel may be requiredAt Tandem, we’re not just a bank; we’re a movement for positive change. If you’re an ambitious and dedicated finance/treasury professional ready to make an impact, we’ve got a space with your name on it!The main purpose of this role is to enhance Tandem’s NII through efficient management of its balance sheet and supporting effective pricing decisions. The role will also support Tandem’s ILAAP.We are Tandem – Where impact meets innovationTandem is the UK’s greener digital bank on a bold quest to revolutionise the way we save, borrow, spend, and share – all while nurturing our planet, our people and our customers. As one of Europe’s fastest growing digital banks, our values of being Brave, Enterprising, Simple, and Together (BEST) ensure our 500-strong team collaborate to drive a brighter, greener future.Tandem also leads the way with a secondary app called Loop. Loop gives customers a simpler, hassle free and awkward free way to share money among friends.Your team: Collaborators in changeTandem is seeking to optimise its NII in a way which will allow the Bank to achieve its growth plans in a prudent and sustainable way. The team operates on a hybrid basis, with frequent opportunities to meet up and work collaboratively, either in London or Blackpool.As Balance Sheet you will play a key role in enhancing Tandem’s pricing & balance sheet management capabilities; you will work with teams from Treasury, Finance and across the Bank to support optimisation of Tandem’s NII through carefully balancing its lending growth, funding requirements and hedging activities in a way which will allow the Bank to achieve its growth plans in a prudent and sustainable way. This is an important role which will work across the Treasury and Finance departments and we are looking to recruit someone highly commercial who has a good understanding of interest rate risk and pricing and who can play a leading role in the team.Your Impact: Building a greener tomorrow:In this role your focus will be on:

• NII Optimisation, achieved through:
• Monitoring Tandem’s lending origination and margin against the medium term plan.
• Reviewing and challenging pricing assumptions, modelling and proposals
• Reviewing performance of FTP and Pricing calculations and recommending improvements.
• Proposing funding growth strategies which align to lending growth plans while ensuring compliance with Tandem’s liquidity risk framework.
• Proposing hedging strategies which carefully manage current and future risks to NII while taking account of expected customer behaviours.
• Ensuring that Tandem’s funds transfer pricing takes adequate account of current costs and expected future risks.
• Advising on asset and liability pricing, including identifying opportunities to improve, with a view to optimising Tandem’s margin/volume mix.
• Preparing reports for ALCO and PRICECO which track actual NII performance against the Plan and explain any deviations.
• Taking a leading role in the delivery of Tandem’s annual ILAAP.
• Supporting other areas of Treasury and Finance where required.

We’d love to hear from you if you have:

• Have a strong understanding of balance sheet management / pricing in a banking environment / liquidity risk management.
• Strong numerical background with a proven ability within financial mathematics.
• Proven experience in project coordination
• Have first rate Excel skills.
• Can put together a decent presentation.
• Can be self-sufficient, you’ll be required to take ownership and won’t be micro managed.
• Have good commercial acumen, able to consider and call out inconsistencies, areas to focus on or opportunities to for improvements.

It would be great, but not essential if you have:

• Treasury/Accounting or similar qualification; CertBALM, ACCA, ACT, CFA, CIMA.
• Previous experience with SQL
• Experience of working in the Treasury department of a mid-sized building society or challenger bank.
• Educated to degree level, ideally with a mathematical/numerical focus.
• Understanding of products, commercial drivers and key competitors in some or all of Tandem’s key markets
• Savings
• Mortgages, first and second charge
• Motor finance
• Home improvement finance

Rewards that reflect your value, what’s in it for you?At Tandem, your hard work is rewarded in many ways and we have an enhanced employee benefits package on offer from your very first day with us:

• 25 days annual leave plus 8 days Bank Holiday
• An additional day off for a ‘celebration day’ including, but not limited to, birthdays, weddings, religious holidays, graduations etc
• Buy or sell up to 5 days holiday a year
• Healthcare cash plan through Westfield Health worth a minimum of £750 per year
• Electric Vehicle salary sacrifice scheme
• Cycle to Work salary sacrifice scheme and a free helmet
• Salary sacrifice Pension contribution*, 4% employee contributions matched with 4% Tandem contribution (*Subject to salary eligibility)
• Smart Tech scheme (buy goods with 0% interest)
• 10% discount on solar panels
• Tandem Hub for treats, cash back and discounts on UK retailers
• 2 days per year paid volunteering
• Free cereal, snacks and drinks in all offices
• Quarterly team social budgets

Our Green Deal: Your Impact Amplified
A little welcome gift from us to you, we’ll plant a tree in the Tandem Grove and you can enter into our “Green Deal” below:

• Volunteer 2 days a year for charity

receive an early Friday finish * Raise £200 per annum for charityTandem provide PR and marketing support * Have renewable energy at homereceive an additional 1 day annual leave * Drive an electric carreceive £500 towards a home chargerReady to make your mark?Apply now and let’s pave the way to a greener world, together. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments.Don’t meet all the requirements? Don’t fret! We highly appreciate your unique experience and encourage you to apply for our Expression of interest vacancy on our Careers site.Sourcing ModelRecruitment at Tandem works primarily on a direct sourcing model and does not accept resumes from recruitment agencies which are not on the preferred supplier list. We are not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company. You can find our Applicant Privacy Policy on our Careers page.Tandem is an equal opportunity employer and are committed to meeting our responsibilities under the Equality Act (2010). We respect the diverse experience and talents that every individual brings to our Company, and we are determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.Please be aware that background checking (including credit and criminal records checks) form part of our recruitment process. We will adhere to our duties under the Rehabilitation of Offenders Act 1974.

Expected salary

£100000 per year

Location

Blackpool

Job date

Fri, 20 Dec 2024 02:53:13 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (hiring-jobs.com) you saw this job posting.