Senior ALM Manager

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 su