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.
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
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.
Support the design and maintenance of the FTP framework.
Provide recommendations to business lines on pricing and profitability.
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.
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 support and continued development opportunities
Options for flexible working
Regular social activities
Pension contributions
Discretionary bonus scheme
Private health cover
Life assurance
Family friendly policies including enhanced Maternity & Paternity leave
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.
🏆 The UK’s #1 fastest-growing private company (The Sunday Times 100, 2024)
🚀 One of LinkedIn’s Top UK Startups and Deloitte’s fastest-growing UK fintech ever
🌟 Rated ‘Excellent’ on Trustpilot
Allica is a bank built especially for established businesses with between 5 and 250 employees.
A third of the UK’s economy depends on these businesses, yet they’re overlooked by the big banks with a service that is increasingly impersonal, inconvenient, and poor value. We’re here to change that.
Allica Bank is on a mission to give established businesses the banking they deserve. That means:
- a current account that rewards business owners for using it.
- a relationship manager whose name and number they actually know.
- powerful tools and technology that make life easier, not harder.
It’s proving to be a winning combination. Allica was named as Britain's fastest-growing private company in 2024’s The Sunday Times 100, and we’re also the fastest-growing fintech in the 26-year history of Deloitte’s UK Technology Fast 50 awards. Since we opened our doors in 2020, Allica has lent over £3 billion to established UK businesses and raised £4 billion in deposits.
From our offices in Milton Keynes, London and Manchester, we’re offering business banking how it used to be, just better.
