SCUK ALM AnalystCountry: United Kingdom
Santander Consumer Finance is one of the UK's Leading Motor Finance companies and we are currently looking for an ALM Analyst to be responsible for the analysis and management of Santander Consumer UK (and associated Joint Venture's) structural risks (liquidity (LR) and Interest Rate Risk (IRR))
The scope of the role encompasses all SCUK Group entities, including Hyundai Capital and Volvo.
Please note this role is a hybrid role with at least 3 days a week in the Redhill office. Remote workers will not be considered.
Responsibilities will include:
* Compilation and analysis of liquidity and interest rate risks both at an entity and consolidated level
* Production of intuitive forecasting and estimation for main IRR and LR metrics
* Understanding of models used to assess interest rate risk within the business
* Knowledge of balance sheet and how interest rates can impact SCUK's assets and liabilities and the ability to recognise these patterns and report appropriately to management
* Knowledge of market movements and regulatory changes with the ability to update management as and when needed. Liaise with business areas on products and business trends
* Awareness of market rates (SONIA/OIS), their drivers and ensuing impact on the business
* Understanding of market value of equity and net interest income impact within the business' balance sheet. Their key drivers and influence on other parts of the business/finance
* Production of SCUK's and JV's ALM metrics used for management purposes, ensuring all models are accurate and adhere to SCF HQ and local policies
* Production/coordination of the monthly ALCO working paper, providing key analysis regarding macroeconomic changes, and industry-led data for committee member's perusal
* Monitoring hedging transactions across the business and JVs. Monthly Oracle One Reporting
* Support the Head of ALM and CFO to implement and strategize corporate ALM projects; including but not limited to interest rate strategy, derivative hedging strategy and liquidity management
* Strong coordination and communication with local Market Risk, and Finance teams, along with JV partners and stakeholders within SCF HQ and SANUK
* Cross-train into the Treasury Analyst role. Being able to competently carry out daily cashflow forecasts and close Treasury for SCUK and all its JV partners. Effectively cover the Treasury Analyst role on any holidays or as and when required
* Completion of Murex reports on a daily/monthly basis. Ensuring all reports are accurate, and when required, are updated accordingly. The creation of new reports, with the help of Murex IT teams, to complete any outstanding reporting requirements
* The creation of Hedge Accounting reports and procedures as and when required; assisting Finance and Risk teams to understand Murex outputs and any reporting queries they may have
* Assist Securitisation team with ad-hoc queries/tasks, effectively bridging the gap between ALM & Securitisation functions
* Monitor the sensitivity and risk limits in alignment with the business Risk Appetite
* Working with the Head of ALM to complete P-process and Budget. Completion of all SCF HQ reporting packs
* Working with the Head of ALM to assist in ILAAP process and completion of monthly reporting to SanUK
* Accurate loan profiling and month end execution of SCUK and JV funding needs with the trading desk
* When required assist in the execution of Interest Rate Swaps, understanding their impact on the business and all reporting requirements
* Carry out any other tasks from time to time as may reasonably be requested within the ALM & Treasury function
* Adhering to our commitment to Consumer Duty ensuring we put our customers' needs first and set higher and clearer standards of consumer protection
What we're looking for:
* Finance and Economics knowledge and how markets impact hedging and swap prices.
* Knowledge of motor finance industry and its main drivers
* Excellent excel skills with preferred VBA knowledge
* System knowledge including MUREX / Bloomberg / NICS / Walker / RUMBA / GBOL / Connect / MUREX
* Must possess first class written and verbal communication skills and be able to effectively communicate with and present to both internal and external stakeholders across all levels of the business
* Must be capable of developing coherent high-level (strategic) plans and detailed project/programme level plans, as well as following procedures and keeping clear, detailed records
* Knowledge of financial management, liquidity and interest risk management
* The ability to work under pressure and meet deadlines
* Understanding of Derivatives and/or hedging is advantageous
* Financial Services Industry experience
* Knowledge of financial markets and prevalent rates
We have a range of benefits available which include:
* Competitive salary of £38 – 43,000 dependent on experience
* 27 days holiday per annum, plus bank holidays
* Annual bonus based on personal and company performance
* £500 flexible benefit allowance
* Generous pension contributions
* Employee assistance programme
* Sharesave scheme
* Gym passes at a reduced rate for 3,000 gyms, leisure centres etc
Inclusion
At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.
At Santander Consumer Finance we have a zero-tolerance approach to discrimination, bullying, harassment (including sexual) or victimisation of any kind.
Should you want to be considered for part time hours, please let us know and we can assess your requirements.
What are the next steps:
If you are interested in this role and believe you have the skills, experience, and knowledge then we'd love to hear from you. Please go ahead and click apply which will take you through some questions and allow you to submit your CV and covering letter.