Job Description Summary
We have a rare opportunity to join our Treasury Portfolio Management & Execution team as an Associate Director, helping manage some of the Group's most significant balance sheet market risks.
You'll use your expertise in financial markets, risk management and bank balance sheets to shape hedging strategies and manage key market risks. Combining strong analytical skills with commercial judgement, you'll turn complex market developments into clear insights and recommendations for senior stakeholders.
Job Description
JOB TITLE: Associate Director, Portfolio Management and Execution, Treasury
SALARY: To be agreed
LOCATION: London, Old Broad Street
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About this opportunity
We have a rare opportunity to join our Treasury Portfolio Management & Execution team as an Associate Director, helping manage some of the Group's most significant balance sheet market risks!
At the heart of Treasury, the team manages the Structural Hedge, interest rate, foreign exchange and cross-currency risk portfolios, developing and executing hedging strategies that protect and optimise the Group's balance sheet.
You'll consider changing macroeconomic and financial market conditions alongside the Group's risk exposures, financial objectives and regulatory requirements to help shape effective hedging strategies.
With significant exposure across Treasury and the wider Group, you'll provide insight to senior partners, translating complex market and balance sheet risks into clear recommendations and actions.
What you'll be doing:
•Developing and implementing dynamic hedging strategies across interest rate, FX and cross-currency portfolios.
•Managing market risk across the Group's balance sheet, including the Structural Hedge and other interest rate risk positions.
•Providing strategic market and risk-management insight to senior and executive partners.
•Assessing macroeconomic and financial market developments and translating these into implications for the Group's hedging positions and key financial metrics, including NIM and RoE.
•Providing transaction structuring and hedging execution expertise across legal entities.
•Shaping hedging strategy through the Group's financial planning and internal and external stress-testing processes.
•Building strong relationships across Treasury and the wider organisation to identify risks and opportunities and continuously enhance the management of balance sheet market risk.
•Maintaining a strong risk and control attitude, constructively challenging existing approaches and finding opportunities to improve them.
What we're looking for:
•Strong understanding of financial markets and risk management, with knowledge of interest rate derivatives and other hedging products.
•Deep understanding of bank balance sheets and how market risk can affect financial performance.
•Strong analytical and numerical skills, with the ability to turn data and complex information into clear insight and recommendations.
•Strong knowledge of macroeconomic and financial market developments, with the ability to form a view and translate market movements into potential balance sheet and hedging implications.
•Proven ability to communicate complex technical topics clearly, influence senior partners, build collaborative relationships and apply a strong risk and control attitude.
And any of these would be great…
•Financial markets execution, transaction structuring or executing hedging strategies.
Benefits
We offer a wide-ranging benefits package, which includes:
•A generous pension contribution of up to 15%
•An annual performance-related bonus
•Share schemes including free shares
•Benefits you can adapt to your lifestyle, such as discounted shopping
•30 days' holiday, with bank holidays on top
•A range of wellbeing initiatives and generous parental leave policies
Regulatory notes
This role is considered Certified under the Senior Manager and Certification Regime as either requiring mandatory qualifications or being deemed as a role capable of providing 'significant harm' to customers. Due to this, successful candidates will be subject to enhanced levels of vetting, and required to complete a fitness and propriety attestation on commencement in role. Colleagues performing this role will be required to complete a fitness and propriety attestation on an annual basis and will also be subject to additional routine criminal and credit checks.
As a certified colleague your details will be published on the FCA's Financial Services Register.
This role has been identified as a Client-dealing function under SYSC 27.8.18R as defined in the FCA Handbook.
