Allica Bank

Senior ALM Manager

London, London, United Kingdom · Hybrid · FullTime

Apply on the employer’s site ↗See how well you match this job

You apply directly with the employer. ROLIVA does not submit applications from this page and is not the employer.

About the role

Description from the employer’s posting. Check the employer’s page for the current version.

EmployerAllica Bank
LocationLondon, London, United Kingdom
Work styleHybrid
Employment typeFullTime
Employer posted1 day ago

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.

Show full description

Role Description

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

Balance Sheet Management:

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.

Funds Transfer Pricing (FTP)

Support the design and maintenance of the FTP framework.

Provide recommendations to business lines on pricing and profitability.

Reporting & Governance

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.

Collaboration

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.

See how well you match this job Apply on the employer’s site ↗

Check your resume against this job Free, no sign-up. Nothing you paste is stored.

Staying safe while you apply

Never pay to apply, interview or accept an offer. ROLIVA never asks you for payment to apply to a job.
Apply only through the official “Apply on the employer’s site” button, on the employer’s own site, and check that a recruiter’s email uses that employer’s own domain rather than a free email address.
Be cautious of an offer made with no real interview, or pressure to decide quickly or share financial details early.

Does something look wrong with this listing? Use “Report broken link” in the role details, or read ROLIVA’s full job-safety guidance ↗.

Preparing for this role with ROLIVA

Check the fit.
Compare the requirements with the experience you have confirmed, including gaps.
Prepare honestly.
Build interview stories and application drafts from your own evidence.
Keep track.
Save the role and record your own application status and follow-ups.

Create a free workspace or log in.