Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions.
We offer niche specialty lines, as a SME bank, targeting under‑served segments. Our dedicated Wholesale Finance, Bridging Finance, Development Finance and Specialist Mortgages teams ensure that businesses receive the outstanding service, lasting relationships, integrity and expertise they need to prosper. We also provide savings accounts to individuals and businesses and since we lend to SMEs, our savers can be sure their money will help boost the British economy. Our vision is to be the go‑to bank in our chosen markets; to deliver positive customer outcomes, rewarding careers and great shareholder value through a high‑performing culture grounded in excellence and integrity.
About The Role
Reporting to the Director of Treasury, our incoming Head of Asset & Liability Management (Head of ALM) will lead a team of 6 and be responsible for the identification, measurement, reporting and management of market (IRRBB, FX) and liquidity risks as well as Funds Transfer Pricing (FTP). The Head of ALM will be an experienced manager and have a strong understanding of interest rate risk, liquidity risk and funds transfer pricing, as well as knowledge of hedge accounting and a deep knowledge of prevailing regulation and best practices in these areas. The Head of ALM will also have a good understanding of ALM models and modelling (such as ALMIS, QRM, Focus etc) and an awareness of how new technologies are shaping ALM. ALM owns the ILAAP, IRRBB Approach documentation and all Treasury risk policies including FTP, and is a significant contributor to the ICAAP, Corporate and Funding Plans and overall Treasury strategy. The Head of ALM manages the ALCO process and will be responsible for ad‑hoc reporting and papers to ALCO, GEC and the Board.
Key Responsibilities
- Providing leadership to the ALM team, demonstrating a strong technical understanding of ALM but also good leadership, management and interpersonal skills.
- Identifying, measuring and managing the bank’s interest rate risk exposure, including proposing hedging (including structural hedging).
- Identifying, measuring and managing liquidity risk, including cash‑flow forecasting and HQLA management.
- Identifying, measuring and managing the bank’s FX exposure.
- Managing Funds Transfer Pricing and ownership of the related policy and methodology.
- Owning the reporting of Treasury risk MI to ALCO and the Board.
- Leading work to further automate ALM processes, exploring new technologies and delivering enhanced insights.
- Leading the production of Treasury policies, ILAAP and the Funding Plan.
- Supporting interest‑rate margin management of the bank’s assets and liabilities through an effective Funds Transfer Policy.
- Projects and ad‑hoc analysis for GEC, ALCO, Board Risk Committee and the Board.
Required Skills & Experience
- Demonstrable ALM leadership experience in a Treasury (or possibly Treasury Risk) environment within banking.
- Deep subject‑matter expertise within market risk (particularly IRRBB) and liquidity risk management.
- Knowledge of ALM models (for example ALMIS, QRM, Focus).
- Robust Treasury product knowledge including a deep understanding of the PRA regulatory landscape/I LAAP in addition to financial derivatives.
- Substantial line‑management experience, with a track‑record in developing people.
- Highly competent at influencing and communicating effectively to key stakeholders.
- Relevant professional qualification such as the AMCT, ACA, ACCA, CFA, CISI etc preferred.
Benefits
- Competitive remuneration including discretionary annual bonus and annual pay review.
- Private Medical Insurance (Bupa).
- Mental health & wellbeing support via YuLife & Bupa.
- 25 days annual leave (increasing with service) + Holiday Buy Scheme.
- Cycle to Work Scheme & Green Car Scheme.
- Enhanced family leave policies.
- Study support & professional memberships.
- Hybrid working (50/50 London).
- YuLife Rewards – retail, lifestyle & experience discounts.
- Pension scheme – 8% employer contribution (non‑contributory).
- Interest‑free season ticket loan.
- Annual volunteering day & Net Zero employer commitment.
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