Treasury Operations Assistant

Allica Bank

Allica Bank

Accounting & Finance, Operations
Milton Keynes, UK
Posted on Saturday, June 1, 2024

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

Role Description

Primary duties consist of Treasury Management daily operations to ensure all processes are completed accurately and in a timely manner. Assist with processing, coordinating and implementation of Treasury Management products to ensure delivery is within time frames as specified. Work closely with Treasury Front Office to enhance the satisfaction of our clients through timely and accurate funds management. The role will focus on key treasury activities such as collateral management, payments, swaps settlement, intraday liquidity management and support Treasury with ad hoc projects and activities.

What You'll Do

  • BAU support of Treasury activities including reporting, reconciliation, settlements, and payments processing.
  • full end to end processing and settlement of all Treasury transactions.
  • Management activities such as agreement of margin calls, collateral interest and coupons relating to derivative positions.
  • confirmation matching.
  • Ensuring all transactions are effectively managed and recorded within the systems/Treasury Management System.
  • All transactions requiring a funds transfer are settled within the required timescales.
  • Performing daily payments.
  • Daily management of collateral posting and exchange with Bank of England.
  • Investigating differences and resolving issues which arise.
  • Develop and maintain procedures and policies for treasury operations.
  • Liaise with external back-office counterparts (banks, brokers) for smooth transactions and issue resolution.
  • Monitoring of bank counterparty exposures and dealer mandates against limits.
  • Assist in projects that involve new products or partnerships from the Treasury Operations perspective.

What You'll Bring

  • Experience of working in Treasury Back Office.
  • Understanding of interest rate swaps, securities, liquidity and payments.
  • You will have knowledge of Treasury settlement processes and in particular Treasury transactions and experience of using a Treasury management system.
  • You are used to supporting Treasury with settlement of derivatives transactions, bonds and you will be able to perform the first check control for numbers accuracy.
  • Excellent analytical and problem-solving skills developed from a finance-based background.
  • Excellent oral and written communication skills with use of MS Office including Excel, Word and PowerPoint.
  • Be capable of working in a fast-paced environment, managing complex, competing and alternating priorities with a constant focus on delivery.
  • Have resilience and energy for collaborating with others, working flexibly and driving developments rapidly.
  • Have confidence, creditability and highly developed interpersonal skills with a ‘can-do’ attitude.
  • Be a clear and independent thinker, logical, analytical and structured in approach to all business issues.

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.


We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds, and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers

Our employees are at the heart of everything we do, so our benefits are designed with you

in mind:

  • Full onboarding support and continued development opportunities
  • Options for flexible working
  • Regular social activities
  • 25 days holiday – with the option to Buy/Sell
  • Pension contributions
  • Discretionary bonus scheme
  • Private health cover (with the option to add family members)
  • Life assurance.
  • Income Protection.
  • Family friendly policies including enhanced Maternity & Paternity leave.
  • Season ticket loans.