The Treasury Dealer will be responsible for executing and managing the Bank's treasury investment portfolio across structured credit (CLOs, RMBS, ABS) and high-quality liquid assets (SSA, covered bonds, gilts). This exciting new role also encompasses day-to-day management of IRRBB and FX exposures through interest rate and cross-currency derivatives, ensuring trades remain within risk appetite and regulatory standards.
Key Responsibilities
* Source, evaluate and execute investments in structured credit instruments (CLOs, RMBS, ABS) and other treasury assets.
* Negotiate allocations in primary issuance and manage secondary-market opportunities.
* Conduct manager and deal due diligence, prepare trade rationales, and ensure compliance with eligibility, capital and liquidity rules.
* Monitor positions, P&L, risk metrics and early warning indicators.
* Maintain accurate investment MI for Treasury Committee and ALCO.
* Proactively recommend portfolio adjustments to optimise risk/return.
* Design and execute swaps, cross-currency swaps and FX forwards to manage IRRBB and FX risk.
* Align hedge activity with Board-approved risk appetite, ICAAP/ILAAP metrics, and PRA supervisory expectations.
Experience & Qualifications
* Front-office experience in investment banking, treasury dealing or structured credit trading/analysis.
* Proven track record in sourcing, pricing and executing trades in CLOs, RMBS/ABS or comparable asset classes.
* Understanding of IRRBB metrics, cross-currency swap hedging and FX risk management.
* Familiarity with regulatory frameworks (CRR, PRA Rulebook, Basel standards) as they apply to structured credit and derivatives.
* Experience using Bloomberg and treasury management systems (e.g. MORS).
* Analytical and commercially minded, with strong attention to detail.
* Comfortable operating in a fast-growing challenger bank with evolving structures.
* Clear communicator who can work cross-functionally and influence senior stakeholders.