Treasury Dealer - Manchester
Salary:
As a Treasury Dealer you 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). You will 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
* Hedging & Risk Management: 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.
* Investment Execution: 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.
* Portfolio Management : 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
Skills, Knowledge and Expertise
* 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.
Benefits
* Competitive salary
* 25 days holiday PLUS your BIRTHDAY off
* Pension contribution with Royal London
* Life Assurance
* Private medical, dental and optical health insurance with Axa
* Hybrid working – Wrexham
* Free breakfast available
About Chetwood Bank
We’re a UK-based digital bank dedicated to getting the basics right and offering straightforward savings and mortgages
Data Protection
We anticipate that we will retain your data as part of the recruitment process for no longer than is necessary for the purpose for which it was collected unless we have sought your consent to keep your data for future suitable job vacancies.Cifas The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by Bank does not accept speculative or unsolicited CVs from Recruitment Agencies. Any unsolicited CVs received will be treated as the property of Chetwood Bank and Terms & Conditions associated with the use of such CVs will be considered null and void.