Treasury Modelling Lead

Here at the West Bromwich Building Society we are all about making a you-shaped career. We understand it’s not always easy juggling your career with all the important things outside of work. But with the right opportunities and support we can help you build a career that works for you.

The role holder is required to support the ALM & Liquidity Controller in the management of the Society’s balance sheet. This involves developing spreadsheets and other tools to manage various balance sheet risks (interest rate risk, margin compression risk, liquidity risk, pricing risk etc.) via numerical modelling and forecasting.

The Treasury Modelling Lead will assist in the development and direction of the Treasury and ALM function of the Group, and will propose strategies that manage balance sheet risk within the risk appetite of the Board whilst maintaining the desired risk profile set by ALCo.

Dependant on the size of the ALM team, this role may include line management responsibilities.

What the role will look like:

• Fulfilling a central role in the development of the Society’s risk management modelling capability;
  
• Calculating and forecasting exposures against appetites for a variety of Treasury and Financial risks;
  
• Modelling and forecasting Liquidity risk, including providing input into the Society’s ILAAP as required;
  
• Developing and maintaining complex non-model DQMs (spreadsheets) owned by the ALM function to fulfil balance sheet management requirements including (for example) hedge accounting and product pricing;
  
• Support and act as deputy for the ALM & Liquidity Controller/Head of ALM as required;
  
• Providing cover to support monthly Assets and Liabilities Committee (‘ALCo’) pack production, and fortnightly Liquidity Management Group (‘LMG’) and Hedging Group (‘HG’) pack production;
  
• Attendance at the monthly ALCo, and weekly LMG and HG meetings as and when appropriate, to involve presenting modelling outcomes and recommending risk management strategies;
  
• Managing their own workload effectively, and those of the ALM Analyst(s) and/or Assistant Analyst, in accomplishing these tasks.

What you will bring to the role:

• Have previous experience of mathematical modelling and forecasting;
  
• Have proven maths skills - the role holder will be expected to be highly numerate and analytical;
  
• Have excellent computing skills including Excel and the ability to decipher and adjust unfamiliar coding (e.g. VBA, SPSS) as necessary;
  
• Be able to communicate confidently and effectively with staff throughout the organisation up to and including Executive level;
  
• Have the ability to interpret and present complex technical data, in a verbal or written manner, to various audiences. This will require the ability to explain technical information to a non-technical audience
  
• Be able to use technical information to influence and persuade internal customers to take the most appropriate action;
  
• Having an understanding of Treasury and ALM would be desirable.
  
• Be willing to undertake further independent study to deepen their understanding of Treasury matters. Being accredited in or undertaking further professional qualifications (ACT/ACCA/CIMA/CertBALM) would be desirable.

We Value a diverse range of skills and experiences here at the West Brom. So even if you don't meet every single requirement listed in the job description but are passionate about the role, we still encourage you to apply.

What's in it for you:

• We pride ourselves on our development opportunities and always look to promote from within wherever possible,
• Holiday starting at 175 hours (25 days) plus bank holidays that grow with your time with us and the opportunity to buy or sell up to 5 days holiday each year,
• 2 paid volunteering days a year,
• Living Pensions: Pension scheme starting at 5% contribution from you and 7% contribution from us, and we’ll match your further contributions up to 10.6%
• Enhanced maternity, paternity and adoption leave with paid fertility treatment, neonatal and pregnancy loss leave,
• Life assurance provided by the Society at 4 times your salary,
• Yearly performance related pay scheme and pay review,
• Private medical insurance that’s discounted when your time with us grows, with the option to include family members,
• Salary Sacrifice Electric/Hybrid Car Scheme,
• A Perkbox account – giving you 24/7 access to perks, benefits, discounts, wellbeing tools and loads more!
• And much more, from flexible working options, wellbeing support and a whole heap of warm West Bromness.

Why choose the West Brom?

At the West Brom we appreciate that our employees are unique individuals with differing needs depending on their specific circumstances and stages in life. When we say our people are the West Brom’s biggest asset that doesn’t mean just viewing them as employees. We are proud of our heritage and absolutely believe that the West Brom is a great place to work.

We’re a Disability Confident Leader and encourage disabled applicants and all from diverse backgrounds to apply. We’ll do what we can to adjust our recruitment journey and offer a guaranteed interview to disabled applicants who meet what we’re looking for. If you need any support with applying to one of our roles, get in touch at careers@westbrom.co.uk.

Do it today and click apply!

*Please note – We reserve the right to withdraw our adverts earlier than the original published expiry date, therefore if you are interested please submit your application as soon as possible*

Head Office: 2 Providence Place West Bromwich B70 8AF. www.westbrom.co.uk The West Brom is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Register no. 104877. ‘the West Brom’ is a trading name of West Bromwich Building Society.