Senior ALM Manager

About this role

About Allica Bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank. Under the leadership of the CFO and the finance department heads, the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; financial reporting and accounting, financial planning, and tax management activities. We believe that freedom, autonomy, and trust bring the best out of people, so we work with team players who get the importance of owning their responsibilities but know the value of collaboration.

We are curious, honest, and supportive. Role Description The Senior ALM Manager will be responsible for managing the bank’s balance sheet risks, with a particular focus on interest rate risk in the banking book (IRRBB), and market risk. The role involves developing strategies to optimise hedging, while ensuring compliance with regulatory requirements and internal risk appetite. The Senior ALM Manager will also play a key role in supporting ALCO decision-making by providing analysis, reporting, and recommendations.

Principal Accountabilities Balance Sheet Management: Monitor, measure, and manage structural risks in the balance sheet, including liquidity, funding, and IRRBB. Develop and maintain structural hedging strategies. Optimise asset-liability mismatches to support sustainable growth. Interest Rate Risk: Analyse repricing gaps and sensitivity of Net Interest Income (NII) and Economic Value of Equity (EVE). Propose hedging strategies (derivatives, swaps, etc.) to manage structural interest rate exposures.

Ensure modelling assumptions (e.g., deposit behaviour, prepayment rates) remain robust and up to date. Funds Transfer Pricing (FTP) Support the design and maintenance of the FTP framework. Provide recommendations to business lines on pricing and profitability. Reporting & Governance Produce regular ALM dashboards and reports for ALCO, Risk committees and regulators. Present findings and recommendations to senior management.