Treasury Dealer - Skipton, United Kingdom - Skipton Building Society

Skipton Building Society

Verified Company

Skipton, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Hours:
35 hours per week

Requirement of 2 days per week in the office

Salary:

£68,663 Per Annum

Closing Date:
Tue, 12 Dec 2023

We are strengthening our Dealing team and have created an exciting opportunity.

Reporting directly to the Group Treasurer, you will have a key role in supporting with the management of the Society's liquidity portfolio and the Society's derivative portfolio.

You will also work closely with our Products team, helping price new mortgage and savings products, and managing tranches throughout the product lifecycle.

If you are an experienced Treasury Dealer, have a passion for financial markets, enjoy working in a dynamic and agile environment, and have the ability to influence, then we would love to hear from you.

Who Are We?

Not just another building society. Not just another job.

We're the fourth biggest building society in the UK and what makes us a bit different is that we're a mutual organisation.

We don't have shareholders; we're owned by our members.

Our colleagues say Skipton's a great place to work, and you could be one of them, bringing with you new ideas on how we can keep customers at the heart of what we do.

Whatever your background, and whatever your goals, we'll help you take the next step towards a better future.

You will be joining the Dealing team, consisting of 3 other colleagues.

The Dealing team works closely with the Products team and other areas of Finance, helping to price new mortgage and savings products for our Members, managing the liquidity portfolio and interest rate risk.

What's In It For You?

Skipton values work/life balance and we are proud to support hybrid and flexible working, where possible. We have a newly refurbished head office which offers a vibrant and collaborative working space.

We have a range of other benefits available to you including;

Annual discretionary bonus scheme
25 days standard annual leave + bank holidays + rising 1 day per year of service to a maximum of 30 days
Holiday trading scheme allowing the ability to buy and sell additional annual leave days
Matching employer pension contribution (up to 10% per annum)
A commitment to training and development
Private medical insurance for all our colleagues
3 paid volunteering days per annum
Diverse and inclusive colleague networks available for you to join including our Carers and Pride Alliance groups
We care about your health and wellbeing we provide a range of benefits that support this including cycle to work initiative and discounted gym membership

What Will You Be Doing?

Be responsible for supporting with the day to day management of the Society's £6bn liquidity portfolio, entering into the purchase/sale of securities.
Be responsible for having a clear understanding of the assets held in the liquidity portfolio at all time; their performance and the risks of holding such assets.
Be responsible for supporting with the day to day management of the Society's interest rate risk.
Be responsible for supporting with the management of the c.£30bn derivatives portfolio.
Be responsible for considering new mortgage and savings business hedging profiles.
Be responsible for working with the Products team, keeping them abreast of changing market dynamics, assisting with the pricing of new mortgage and savings products and then the tranche management through the lifecycle of bringing products to market.
Identify market opportunities and propose opportunities to Group Treasurer and Senior Treasury Dealers.

What Do We Need From You?

Strong knowledge of liquidity, wholesale and derivative instruments used by UK building societies.
Strong knowledge of market risk, liquidity risk and wholesale credit risk management regulatory requirements and techniques.
Experience of dealing in a Treasury environment, including knowledge of Treasury dealing systems.
Experience in communicating to senior management, making recommendations where appropriate.
Experience of reporting, analysing and communicating on areas of risk, highlighting areas of concern and making relevant proposals.