Treasury Manager in UK

About Allica

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 Treasury Department at Allica Bank is responsible for proactive management of financial risks which arise in the normal course of the bank’s activity. These risks include; Capital adequacy, Market risk, Liquidity risk, Funding risk, IRRBB & Counterparty risk.

Additionally, Treasury manages the collateral exchange for secured funding, oversights the relationship with the central bank and institutional counterparties. It plays crucial role in the strategic projects for the bank such as origination of new business activity, composition of funding mix and structure of investment portfolio of the bank. Treasury is responsible for intercompany funding process and its pricing.

Role Description

To support Treasury in ensuring that a first-class service is delivered which monitors, reports on and positively contributes to the overall performance of the business, whilst meeting all best practice, regulatory and statutory requirements with regard to treasury department.

Principal Accountabilities

Strategic Input

• Support the treasury function in its objective to contribute towards the Bank’s commercial success
• Support in the continued development of a modern treasury function in keeping with the digital ambitions of the Bank
• Manage key internal and external relationships, including interbank counterparties.
• Responsible for managing Allica’s HQLA and derivatives portfolios.
• Responsible for the maintenance the Bank’s Treasury Management System (TMS)

Treasury Management

Liquidity

• Collaboration and responsibility for daily and intra day cash management of the Bank, including management of cash balances to support current accounts
• Assist in setting the Bank’s investment strategy with responsibility of executing securities dealing within mandate.

Market Risk

• Ownership of the Bank’s ongoing hedging programmes such as structural hedging.
• Responsibility of executing new derivatives in a timely manner to ensure Allica remains within limits.
• Responsibility for Foreign Exchange (FX) transactions.

Treasury Markets

• Responsible for external relationship management with Allica’s Treasury counterparties, including regular service reviews.
• Assist the Treasurer in proposing new Treasury products to senior management.
• Responsible for the ongoing counterparty credit monitoring.

Treasury Policies and Procedures

• Responsibility maintenance of several Treasury policies and procedures, including:
• Counterparty Credit Risk
• Dealing Procedures
• Intraday Liquidity
• Treasury Management System (TMS)

Personal Attributes & Experience

• Financial Markets knowledge is required
• Experience of Treasury Management Systems (TMS)
• Ability to think strategically, whilst at the same time adopting a very ‘hands on’ approach to day to day treasury management
• Treasury Markets experience gained within a regulated firm, preferably a retail deposit taking and corporate lending institution
• An understanding of regulation and requirements facing banks and Treasury
• An understanding of risk and compliance
• Strategically minded but also very hands-on
• Prepared to challenge but to do so in a constructive manner
• ‘Can do’, flexible and solutions orientated
• Committed, hardworking and focused upon delivering results
• Good, clear communicator

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.

Additional Information

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
• 25 days holiday – with the option to Buy/Sell
• Pension contributions
• Discretionary bonus scheme
• Private health cover (with the option to add family members)
• Life assurance
• Income Protection
• Family friendly policies including enhanced Maternity & Paternity leave
• Season ticket loans