Treasury Analyst

Permanent
  • Post Date: April 20, 2022
  • Isle of Man
Job Description

Role Description:
This position is an opportunity for you to support the Bank Treasury team whose core responsibility is managing the Bank’s balance sheet in line with risk appetite and prudential regulation. The team is responsible for the day-to-day management of the Bank’s balance sheet and off balance sheet fiduciary deposits. In addition, you will continually propose future strategies for how the balance sheet should be structured to meet medium term strategic goals

Role Responsibilities:
– Balance Sheet Management (On Balance Sheet):
* Live monitoring and management of the Bank’s balance sheet position in relation to risk appetite and prudential risk, including liquidity, large exposures, risk asset ratio, FX exposure and interest rate risk
* Adhering to processes and controls in place for the management of the Bank’s balance sheet within prudential requirements
* Support the management of banking relationships with counter-party Banks where deposit placements are held. As well as supporting the opening of new accounts with further counterparties

– Balance Sheet Management (Off Balance Sheet):
* Adhering to processes and controls in place to manage the excess fiduciary deposit flows to ensure funds are held in the correct accounts at the right times
* Adhering to processes and controls in place to manage the bespoke fiduciary account product in line with the customer T&Cs
* Support the management of banking relationships with fiduciary counter-party Banks. As well as supporting the opening and obtaining further fiduciary deposit banking relationships

– Balance Sheet Forecasting and Modelling
* Support the Treasury function in preparing forecasts for the Bank’s future balance sheet, showing the return on assets earned and prudential regulatory position
* Perform economic research in support of the Bank’s strategies

– Regulation and Risk Management
* Understand the Bank’s prudential policies and operate processes and controls in line with these
* Own prudential risks and work with the Risk Department to ensure these are understood, controlled and effectively monitored and reported on a regular basis
* Provide training to treasury team and others in the business (where applicable) on prudential regulation and balance sheet management risk and processes/controls
* Support the production of monthly reporting to the ALCO including balance sheet analysis, market review analysis, stress testing and counter-party credit risk assessments

– Foreign Exchange
* Monitoring and processing FX deals held on queues and taking calls for FX deals in excess of £500k and processing in line with procedures
* Liaising and working with clients to understand their FX and deposit requirements to help support new business growth
* Adhere to processes and controls in place to manage the approval of bespoke client FX margin rates

– Run other Treasury related projects that may occur from time to time
– Assist and work alongside all other departments within the Group for other ad-hoc tasks as required

Skills & Experience Required:
– At least 2 years of relevant experience in a Treasury or Banking role
– Strong analytical mindset and problem-solving skills
– Excellent knowledge of MS Excel with numerical/logical problem-solving skills
– A relevant treasury qualification would be an advantage
– An understanding of foreign exchange
– Works well in a team
– Good organisational and time management skills
– Strong communication skills
– Good attention to detail

Phone 01624 615600