Job Description

• Governing the full Financial Management function of both business and its Joint Venture partners.
• Being the go-to person for all elements related to interest rate and liquidity risk management and ensuring key communication with all stakeholders is promoted for best practice across the business and its partners.
• Provide a dynamic hedging strategy; with the ability to adapt to changes on a regular basis.
• Adhering to multiple stakeholder adjustments and ensuring accurate evaluation of the impact of said changes on the business.
• Understanding the market forces and their impact on business and structural risks – adjusting hedging and risk management to comply with market movements, both current and forecasted.
• Work alongside Risk and Financial Control to agree budgeting and key IRR metrics, including limits and sensitivity coefficients.
• Provide sound business backing for changes, while keeping in line with business policies and governance.
• Communicating key strategy and deviations to the business and relevant stakeholders within SANUK, SCF HQ, and Joint Venture partners.
• Keeping all relevant parties privy to important changes and processes within the business and managing lines of communication between the different parties.
• Liaising with commercial business heads to assess best forecasting and budgeting expectations.
• Utilizing key relationships across the organization and larger Santander business to provide support and knowledge share.
• Be the businesses go-to for regulatory reporting queries and policy changes for all hedging related projects.
• Be able to provide accurate data at short notice and utilize business acumen to assist in regulatory changes for the business.
• Support Joint Venture partners in their regulatory requirements as and when required.
• Building strategy and implementing said changes accurately and in a timely fashion to ensure and maintain management and stakeholder expectations.
• Present company’s interest rate risk and funding strategy and agree plans and strategy for which you are culpable to action.
• Profiling of Interest Rate Swaps in accordance with hedging policies.
• Oversight of liquidity and interest rate risks both at an entity and consolidated level.
• Production of forecast for main IRR and LR metrics (MVE sens, MLR, etc.).
• Responsible for Capital Forum and conveying key capital data to senior management.
• Monitoring RWA reducing initiatives and capital positions in line with budget and senior management expectations.
• Oversee JV capital initiatives and understand impact on position.
• Report and advise senior management where and when necessary.
• Performing an oversight function on pricing through Pricing Forum.
• Understanding implications on wider business and impacts on NIM sensitivity.
• Reporting and mitigating against risks to the business through the forum and company.
• Set and monitor SCUK risk appetite limits for ALM and capital.
• Working with Market Risk to appropriately analyze accurate limits, in line with budget and risk appetite.
• Maintaining efficient liquidity position; managing the business’ overall Treasury accounts and ensuring cash monitoring.
• Creation and maintenance of loan profiles, pricing and coverage. Ensuring alignment of loan portfolio to asset curve.
• Working with Risk team to maintain accurate behavioral and contractual curves for retail assets.
• Oversee the approval of ARCS process on a monthly basis.
• Manage loan portfolio, ensuring key economic data such as day count is verified and correctly reflected in documentation.
• Liaise with Front and Middle Offices to manage expectations and improve lines of communication in order assist with reconciliations and queries.
• Oversee SCUK’s documentation hub for all funding portfolios including JV.
• Ensuring data and documentation is both accurate and easily accessible for audit and governance needs.
• Liaise with Legal team to maintain documentations and keep facility changes up-to-date and reflected in all documentation.
• Draft ERC working papers; provide funding plan forecasts and liaise with SANUK Treasury management in maintaining proficient facility limits.
• Monitor monthly facility limits for all entities.
• Book trades (loans/deposits and swaps) into Murex. Be a SME on the system and ensure all procedures and process notes are updated accordingly.
• Able to adapt methods to account for new transactions such as forward loans and interest rate swaps for JV partners.
• Prepare hedge accounting models in Murex and provide data to relevant stakeholders.
• Deliver monthly retrospective and prospective testing results to Finance and Risk teams.

We have a range of benefits available which include:

• Competitive salary of £80 – 85,000 dependent on experience
• 30 days holiday per annum, plus bank holidays
• Car allowance
• Generous pension contributions
• Employee assistant programme
• Enhanced family friendly policies
• Sharesave scheme
• Discounts on high street brands
• Local retail discounts

Required Knowledge, Skills, and Abilities

• Previous experience of financial analysis practice or relevant experience in a Bank or financial institution
• Demonstrable In-depth understanding of interest rate swaps and their use as a hedging tool.
• IRRBB experience and insight into the factors impacting a financial institutions risk management.
• Knowledge of the liquidity and interest rate risk management of a business and how best to manage in accordance with regulatory and internal policy requirements.
• Excellent presentation skills – able to communicate complex themes to parties from difference backgrounds, from senior management to stakeholders from other countries.
• Securitization and issuance experience in relation to understanding asset pools, SPVs and impacts on the business.
• Deep understanding of derivative pricing, valuations and execution come about from working in the financial sector.
• Previous experience in leading teams and successfully managing a diverse working environment.
• Awareness of regulatory institutions impacting the business, such as PRA and ECB, alongside specific regulations ESMA/EMIR/RFB/Volcker etc.
• A degree in Economics or Finance
• Excellent communication skills and the ability to liaise with all stakeholders at all levels