Portfolio Jobs

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 Risk department (2nd line of defence) is expanding as the bank is reaching new levels of success. The risk department forms a critical role of providing independent challenge, oversight, and support to our colleagues in the 1st line. We operate in a collaborative way to impart our expertise to help the bank achieve its stretching goals in a meaningful way that proportionately mirrors best market practices.

The role supports key departments such as Treasury, Finance, Regulatory Reporting and Financial Planning & Analysis to help Allica grow a well-managed and profitable business. Days will be varied in this department and an agile approach to work is critical to ensure that support is provided on the right issues at the right time.

Role Description

Supported by the Head of Department, this role will be responsible for providing effective support, oversight and challenge to Treasury, Treasury Risk (Market and Liquidity), IRRBB, prudential regulatory reporting and wholesale counterparty credit risk.

Principal Accountabilities

• To provide effective risk management oversight of all Liquidity and Market risk (IRRBB) matters including Funds Transfer Pricing.
• To challenge, support and input to ILAAP, Recovery Plan, and other related documents to ensure they adequately address key risks within the bank and conform to regulatory expectations.
• To review the appropriateness of all Treasury activities and recommend enhancements to processes where relevant.
• Support the setting of Prudential risk appetite and provide insight based on regulatory horizon scanning.
• Contribute to the department’s road map, ensuring deliverables are aligned with the wider risk objectives and corporate goals.
• Support wider knowledge development to all levels of seniority of the bank in Treasury and Interest Rate Risk matters.
• Oversee, challenge and support stress testing; ensuring that scenarios are severe, but plausible and that such scenarios represent a well-diversified range in both situation and duration.
• Review and interpret relevant Prudential regulation providing horizon scanning and recommendation of impact and advising on any remedial actions to be taken by the bank and 1st line of defence.
• Provide independent and clear risk reporting to ALCO and any other risk committees.
• Take a proactive approach to maintain exceptional relationships with stakeholders.
• Support change, helping optimise processes and approaches to enable Allica to be a better bank.
  
  

Personal Attributes & Experience

• A deep and broad understanding of Liquidity and IRRBB risks.
• A good working knowledge of key Prudential regulation including the PRA Rulebook and related publications in relation to liquidity and IRRBB is essential, broader knowledge is a bonus
• Familiarity with core banking documentation including, ILAAP, Recovery Plan, as well as related internal policies.
• Excellent communication skills both verbal and written.
• Self-motivated individual with great attention to detail, happy to work both independently and as part of a small team.
• Supportive line management skills.
• Excellent presentational skills – the ability to convey complex subjects in an easily understood format.
• Ability to provide constructive challenge in a range of circumstances. Having or being interested in data analytics, manipulation, and interrogation (e.g., Python skills) would be beneficial.
  
  

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
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family friendly policies including enhanced Maternity & Paternity leave
  
  

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.

Diversity

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.