Job Description

Job Title: Liquidity and ALM Oversight Senior Manager
Working Pattern: Monday to Friday (36.25 hours per week)
Salary: up to \xc2\xa3100,00 and up to 20% bonus and benefits
Location: Flexible, embrace fully remote or hybrid work from any of our vibrant UK offices in London, Cardiff, Durham, Manchester, or Blackpool.

At Tandem, we\'re not just a bank; we\'re a movement for positive change. If you\'re an ambitious and dedicated Liquidity and ALM Manager, ready to make an impact, we\'ve got a space with your name on it!

We are Tandem - Where impact meets innovation
Tandem 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 change

Tandem is proud to offer a workplace with diverse experiences, perspectives, and backgrounds which leads to a unique company culture for our people and a better experience for our customers.

The Liquidity and ALM Senior Manager role is part of the Second Line Risk & Compliance Function and forms the 3 FTE team of Prudential Risk Team. Prudential Risk is led by the Head of Prudential Risk and consists of a Senior Manager leading capital management oversight and a Senior Manager leading liquidity and ALM oversight. This is a highly specialist team that provides technical SME expertise to the Bank and oversight of the Treasury and Finance function across strategy, business plan, risk appetite, capital and liquidity management, regulatory reporting and other key prudential risks.

The role holder will be expected to be a self-starter with deep technical expertise. Highly proactive and ability develop and work with the Bank\'s Treasury team providing second line input and expertise across ALM, funding and liquidity management, IRRBB, regulatory reporting, ILAAP, ICAAP, Recovery plan, solvent wind down (exit) plan among other day to day activities.

What you will be working on:

• Develop, implement and ensure compliance with agreed Funding, Liquidity and ALM frameworks and policies.
• Identify gaps in the existing risk processes and work cross functionally to address them.
• Monitor and report triggers and limits set by the appropriate committees (ALCO, ERC and Board) and escalate as required.
• Ensure funding, liquidity and ALM risks are identified, quantified, managed and reported line Bank polices and industry good practice.
• Oversight and contribute (as appropriate) to the Bank\'s ILAAP, management of IRRBB, Recovery Plan and Solvent Wind down plan.
• Design and lead periodic deep dive analysis - eg into funding markets, portfolios, balance sheets, new products, or new business lines - as they relate to prudential risk management.
• Oversight and support First Line Regulatory Reporting including undertaking Second Line assurance activities.
• Monitor the external environment (financial markets, economic developments, political developments etc) and identify emerging trends, themes and risks that affect the Bank from a prudential risk perspective.
• Produce, review and enhance appropriate (standardised) risk reporting to risk committee(s).
• Establish, communicate, and facilitate the use of appropriate risk management methodologies, tools, practices and Techniques, including via contributions to risk appetite statements, risk management frameworks as well as policies relating to prudential risk management.
• Contributing to the review and challenge the First Line in relation to prudential risks, the Business Plan and Strategy.
• Supporting the review and update of the stress testing framework for liquidity and capital risks.
• Contributing to broader priorities and projects across the Risk department.

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

• Minimum 7 years\' experience of working in liquidity and ALM/IRRBB management, ideally gained in banking role.
• Strong quantitative analytical and problem-solving skills.
• Ability to research, read, understand and apply regulatory and legislative policies, directives or standards.
• Strong understanding of market and funding liquidity risks and associated risk measures including (but not limited to) liquidity coverage (LCR) and net stable funding ratios (NSFR), IRRBB and basis risks.
• Understanding of the products and positions utilised in the asset-liability management universe including but not limited to money market instruments, fixed income instruments, interest rate and FX derivatives, repo and reverse repo agreements, bilateral and syndicated loans, covered bonds, asset backed securities and securitisation.
• Understanding of BIS, EBA and PRA prudential regulations, capital rules requirements and expectations.
• Experience with ILAAP, Recovery plan and ICAAP processes and hands-on management of prudential risks.
• Excellent communication, writing and presentation skills.
• Able to build relationships across the business at all levels of seniority.
• Organised and work effectively to deadlines on own and as part of team.

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 \xc2\xa3750 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 \xe2\x80\x9cGreen Deal\xe2\x80\x9d below:

• Volunteer 2 days a year for charity

receive an early Friday finish * Raise \xc2\xa3200 per annum for charity

Tandem provide PR and marketing support * Have renewable energy at home

receive an additional 1 day annual leave * Drive an electric car

receive \xc2\xa3500 towards a home charger

Ready 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 Model

Recruitment 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.

Tandem Bank