We're seeking to recruit an Asset Liability Senior Manager to join our Treasury Department.
If you're interested in joining our team and satisfy the requirements outlined hereunder, then we're interested in you.
Who we are
We're a leading financial institution, a key player in the Maltese market and part of a highly diversified multi-national group of companies. Employing a team of 220 employees, the Bank offers a full range of lending and savings solutions to both personal and business customers. We strive to offer a highly personalised service through our network of twelve retail branches spread across the Maltese Islands.
We're a team of inspired people who believe that opportunities start with a conversation.
Duties and responsibilities
The Treasury Department is responsible for managing and executing the Bank's investments portfolio, cash management, FX, interest rate, liquidity and funding strategy. The Asset Liability Senior Manager within Treasury will be responsible for leading all the functions related to Investments, Liquidity and Asset Liability Management of the Bank.
You will be responsible for:
- overseeing Liquidity Management: understanding of both business balance sheet funding requirements and product liquidity risk, across banking book products (e.g. loans, deposits, securities, derivatives, intraday/payments/nostros), including linkage with Liquidity Premium (FTP);
- assisting in setting the ALM Unit: understanding/appreciation of product characteristics, basis risk, behavioural modelling, optionality, accounting treatment, hedging strategy, risk transfer via FTP. Understanding of IRRBB concepts across loans and deposits, and also interconnectivity with Fixed Income Portfolio;
- using statistical modelling to develop behavioural models for deposit products and prepayment models for mortgage products;
- assisting in running analytics to help manage the interest rate risk profile across the Bank;
- using quantitative expertise to design models supporting the Treasury function where required;
- building and maintaining an ALM model that is used for net interest income and economic value sensitivity analysis;
- building and maintaining an FTP model that is used to measure profitability across different income drivers;
- collaborating within Treasury to develop new investment strategies and providing recommendations in line with the firm's investment process;
- being an active participant in regular committees;
- working closely with the Commercial, IT, Finance and Risk Functions;
- ensuring compliance with all regulatory capital, liquidity and balance sheet requirements through the appropriate control and governance framework; and
- assisting in producing key reports for senior management as well as for management and board committees such as the Asset and Liability Committee, Executive Committee, Investment Committee and Risk Committee.
Competencies and experience
The potential candidate should have a positive attitude, be well-organised, with a disposition to learn. The selected candidate must be meticulous with a team-oriented approach to work.
You must:
- have a minimum of three years' experience in Treasury, Asset Liability Management, Portfolio or Risk Management;
- have a Bachelor's degree in Science, Technology, Engineering, Mathematics, Finance, Economics, Business or another related field. CFA or equivalent is considered as an asset;
- possess significant knowledge of Banking regulations, risks and appropriate controls;
- possess knowledge of Microsoft Office Products (Excel/VBA, Word, PowerPoint) and Bloomberg;
- have knowledge of Treasury, ALM, Market risk/IRRBB/liquidity management, derivative products and regulatory framework (e.g. liquidity coverage ratio, Net Stable Funding Ratio, balance sheet and capital ratios) will be an advantage;
- have a general understanding of treasury products and financial markets, such as securities, rates, FX, derivatives, and a broad mix of underlying asset classes;
- have a commercial understanding of the business, and how optimized Liquidity management and ALM can enable competitive advantage;
- have experience in designing and programming behavioural quantitative models beneficial (e.g., python);
- possess strong quantitative and analytical skills, able to manage large, sometimes unstructured data sets, and unclear requirements;
- have excellent communication skills (both verbal and written), and have the ability to prepare high quality PowerPoint presentations and to communicate findings to a non-technical audience;
- be able to interact and communicate effectively with senior leaders and work collaboratively across the organization;
- have the ability to prioritize and to work in a fast-paced, high-energy, deadline-driven environment;
- have an inquisitive, energetic and pro-active mindset with strong critical thinking skills and hunger to learn; and
- have the ability to set a positive tone and inspire enthusiasm, be a team player, self-motivated with an innovation mindset and intellectual curiosity with an eye for detail.
How to apply
If you want to be part of our team, we invite you to send us a detailed CV highlighting your achievements. Applications should reach us only by email on vacancies@bnf.bank.
