Balance Sheet Management Analyst
Close Brothers Asset Management
London, GB
2d ago

About the Company

Close Brothers is a leading merchant banking group established in 1878, providing lending, deposit taking, wealth management services, and securities trading.

We employ 2,800 people, principally in the UK, and are one of the largest 250 companies listed on the London Stock Exchange.

Our activities are straightforward. We remain focused on markets and services we know and understand, developing leading positions and unrivalled expertise.

Our approach is prudent and considered enabling us to grow sustainably, through all market conditions, building confidence among our depositors and investors.

Our businesses have remained local as we continue to provide bespoke services, and developing long-term relationships ensuring our success in the future.

We value our clients over everything else. What they do is important they are the doers and makers of things, the wealth creators, the investors and the savers.

We ensure our services meet their specific needs and invest to support them as they grow.

These principles, founded in our past but applied to the modern world today, represent what we describe as modern merchant banking’ values that are embedded in our culture and that underpin everything we do.

About the Role

Reporting to the Manager of Balance Sheet Management this role will assist the Manager of Balance Sheet Management with the strategic analysis and review of the funding and liquidity activity undertaken by Close Brothers Limited.

This role will support the first line assessment of funding and liquidity risk and will drive the evaluation, planning and policy of Close Brothers Limited’s management of funding and liquidity.

This role will provide exposure to teams across Treasury, Finance and Risk and will inform key strategic decisions on funding and liquidity activity.

Key Responsibility : Strategy

Strategy

  • Support the evaluation of the current and predicted liquidity and cash flow positions of the Bank, including internal and regulatory appetites and metrics and take necessary action to ensure that these align with requirements
  • Support balance sheet forecasting, following risk appetites and loan book projections.
  • Keep up-to-date on all relevant changes or impacts to Money Markets, Capital Markets, derivatives and regulation.
  • Stakeholder Engagement

  • Liaise with Treasury Finance, Treasury Operations, Treasury Front Office and Group ALM Risk in communicating funding and liquidity strategy ensuring alignment to balance sheet forecast and funding plans.
  • Provide support to Treasury Front Office in relation to liquidity implications and calculations
  • Processes

  • Monitor funding and liquidity metrics based upon analysis of customer deposit and other funding behaviours
  • Prepare daily and weekly MI reporting to internal stakeholders.
  • Prepare papers and provide commentary for Treasury ExCo, TRCC and Dealers Meeting.
  • Provide analysis on customer deposit mix, relative value of different products, retention rates and optimal split across these and wholesale.
  • Apply the weekly liquidity stress testing scenarios, (excluding LCR).
  • Review liquidity portfolio, including regulatory ratios, the balance sheet and eligible collateral for the BoE OMO.
  • Review, analyse and respond to queries raised by Treasury Senior Management, Treasury Front Office, Finance and Regulatory Reporting.
  • Conduct, Risk and Compliance

  • Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.
  • Support update of policies and procedures, including Funding and Liquidity policy and Liquidity Contingency Plan
  • Analyse emerging funding and liquidity issues and maintain early warning management processes
  • Understand the risks and challenges associated with funding and liquidity, including the required aspects for regulatory rules
  • Behave at all times in line with Treasury Vision and Values’.
  • About you

    Skills and experience

    Essential

  • Financial services experience, ideally in Treasury / Balance Sheet Management
  • Stakeholder Management
  • Excellent communication and presentation skills
  • Highly analytical and numerate
  • Modelling and data analysis
  • Desirable

  • Analytical with an attention to detail
  • Results driven
  • Customer centric
  • Commercially aware
  • Education and Qualifications

    Essential

  • A level equivalent
  • Degree level
  • Desirable

  • ACT / CIMA / CFA / MBA / other appropriate qualification
  • Rewards and Benefits

    At Close Brothers we recognise the value of a work life balance, and have put

    together a benefits package that reflects this.

  • Discretionary Annual Bonus
  • Pension Group Stakeholder Pension Plan provided by Friends Life; 5.3% employee and 10% employer contribution
  • Life assurance 4 times annual salary
  • Private Medical Insurance
  • Annual Leave minimum of 25 days as standard with the opportunity to buy up to 5 days’ additional annual leave every March
  • Plus further benefits including competitive family friendly offering , information available upon request
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