ALM Associate

For a mid-sized European bank established in Amsterdam we are looking for an ALM Associate.

As ALM Associate you take part in the management of market risks (liquidity, IRRBB, FX) to which the Bank is exposed. Always with a forward looking approach, you will assist in identifying these risks, substantiating the market strategy to manage them, and in ensuring the execution of these strategies with operational excellence. Additionally, you will take part in Budget, ICAAP/ILAAP, Recovery Plan processes.

Duties and Responsibilities:

• To have in-depth understanding of various market risks (e.g. liquidity risk, interest rate risk, FX risk) to which the bank is exposed, and of the financial products used to manage and mitigate these risks.
• To monitor liquidity, interest rate and FX risks 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.
• Track upcoming business and understand future evolution of the balance sheet, proactively assessing future risks and developing strategies to mitigate them.
• Calculate to ensure profitability. Also, providing bespoke internal pricing for structured or non-standard (e.g. optionality, collateral eligibility) loans/deposits.
• 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
• 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,
• Excellent written and verbal communication skills in English,
• 2+ years work experience in a role relating to ALM, Finance or Trading,
• Structured and logical thinking,
• Analytical mindset,
• Hard working, 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 Associate position? Then let me know as soon as possible!

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