Job Description

Working at the Cumberland, you become part of something special. We're a Mutual organisation, committed to improving the lives of our colleagues, customers, and community. Our values are incredibly important to us.


We're on an exciting transformational journey with our people firmly at the forefront of our plans. If you want to work for a team integral in helping to drive cultural change, a team where you can bring your whole self to work bringing your energy and creativity to make a positive difference, then this is the job for you.


We have an exciting opportunity for an Asset and Liability Management (ALM) Manager to join our Treasury team. The role will focus on Risk and Regulatory Reporting and production and review of key policy documents.

The Benefits

Salary -

up to 75,167 p.a. - depending on skills and experience.

Holidays

- 25 days holiday plus public holidays and the opportunity to buy and sell up to 2 days.

Learning and

Development opportunities

- We want you to grow in your role. We'll work together to support your personal and professional development.

Hybrid Working

- the tools and equipment you need to be able to work from home when you need to, depending on your role.

Health and Wellbeing

- a calendar of events and activities throughout the year, Mental Health & Wellbeing champions, and Cycle to Work scheme plus a personal wellbeing day.

Community Day

- We offer our people an extra paid day off every year to help local charities and community organisations.

The Role

As our ALM Manager, leading a small team, you'll prepare and oversee daily and monthly risk reports and monitoring of key metrics against Board approved limits, providing commentary of variances as relevant. You'll manage the production of the Assets & Liabilities Committee (ALCO) pack, including minutes and actions from previous meetings, as well as the production of regulatory reports and internal management information.


Other duties and responsibilities include:

Regular stress testing analysis Manage the update and review of our Financial Risk Management Policy and Internal Liquidity Adequacy Assessment Process (ILAAP) Provide support and inputs to our Funding Plan and Internal Capital Adequacy Assessment Process (ICAAP) Support the delivery and execution of Key Treasury projects ensuring appropriate resources are engaged across the Society Support the development and upgrading of Treasury Management Systems to ensure delivery of our risk reporting requirements Ensure the effective control of risks within the Treasury function by regularly reviewing risks and controls and ensuring colleagues adhere to processes and procedures Analysing and managing the submission of regulatory returns to various regulatory bodies in the financial services sector, including interpretation of regulatory guidance and publications issued by regulatory bodies Maintain Treasury records on a timely and accurate basis in compliance with our controls and procedure.

About you

You'll have significant and demonstrable Treasury experience, preferably from a financial services environment, and knowledge of financial markets including Money Markets, Capital Markets, Derivatives and Risk Management techniques and analytics.


You have a qualification in Accountancy, Audit, Treasury or Finance equivalent qualification, or be working towards such qualification.


Skills and abilities:

Excellent understanding of the use of financial instruments (including derivatives) for the management of financial and liquidity risks Excellent understanding of Capital Markets and funding instruments Good understanding of the regulatory requirements for Building Societies Excellent understanding of Treasury Management Systems (preference for ALMIS) Ability to use Microsoft products for financial modelling and reporting Strong interpersonal skills for developing and presenting information to the Board, Executives and SLT.

We're here to create a banking experience that's kinder to people and planet.


Unlike banks, we don't have public or private shareholders which means we can invest 100% of our profits back into our business. As a result, our business is purpose-led, financially strong, socially responsible and always focused on our people, planet and communities.