ALM Professional

For a mid-sized European bank established in Amsterdam we are looking for an ALM Professional. As ALM Professional you will take part in the management of market risks to which the Bank is exposed, with a special focus on IRRBB. With a forward-looking approach and a holistic understanding of the balance sheet interest rate sensitivity, you will assists in identifying these risks, substantiating the market strategy to manage them, and in ensuring the execution of these strategies with operational excellence.

Duties and Responsibilities:

• To have in-depth understanding of various market risks to which the bank is exposed with a special focus on IRRBB, and of the financial products used to manage and mitigate these risks.
• Within the given risk appetite and in line with the strategies you will help manage the portfolio, executes derivative transactions and take part in managing hedge accounting structures.
• To monitor interest rate exposure of the Bank, as well as market developments in relevant jurisdictions and products, with a view to propose alternative strategies for management of these risks to the Director of ALM. Upon approval, executing necessary financial transactions in line with these strategies.
• To design and execute the derivatives required for managing the interest rate risk exposure of the balance sheet in order to ensure sustainable NII generation.
• To monitor and oversee the hedge accounting structures to mitigate P/L volatility.
• To ensure adherence to regulatory ratios, internal and external metrics, and other delegated restrictions, constraints and targets.
• To assist in executing the daily transactions for smooth running of the ALM function.
• To maintain the internal framework of policies and procedures, especially the Investment Policy and the IRRBB Management Policy.
• To be alert at all times to detect any fraudulent, illegal, unauthorized or unusual activities of clients, Bank’s own personnel or other counterparts and duly reporting them.

Skills/Qualifications:

• University graduate, preferably with a master’s degree at least one focusing on either finance, economics or engineering
• 5+ years’ work experience in a role relating to interest rate risk management, preferably in ALM/Finance area of a bank or in cash or derivative rates trading.
• Proven knowledge of treasury products and activities
• Previous experience in interest rate products, bonds and derivatives.
• Understanding of hedge accounting, portfolio hedging and relevant accounting standards (IAS39, IFRS9).
• Excellent written and verbal communication skills in English
• Structured and logical thinking
• Analytical mindset, hardworking and result oriented

Offer

• Competitive salary
• 100% company paid defined contribution pension plan
• Discretionary bonus
• Technical and professional training possibilities
• 30 holidays
• Possibility to work flexible and remote
• Unique opportunity of working in a dynamic international and multicultural environment and being part of one of the largest financial institutions of the world.

Are you interested in the ALM Professional position? Then let me know as soon as possible!

Robert Walters Netherlands is acting as an Employment Agency in relation to this vacancy.