ALM Manager – Group-Level Financial Risk
Helping shape balance-sheet strategy across a major UK financial services group
We’re working with a large, well-established financial services group that’s looking for an ALM Manager to join its central team. This team sits at the heart of the business, overseeing financial risk across multiple divisions – from retirement and investment management to retail businesses.
If you enjoy the mix of technical analysis, commercial thinking and senior-stakeholder conversations, this is very much that kind of role.
What the role actually involves day to day
You’ll be part of a small, high-impact team that makes sure different parts of the organisation are aligned on how they manage interest rate, inflation, currency, credit and equity risks. That includes:
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Working closely with business units to understand their market-risk exposures under Solvency II, IFRS and liquidity metrics
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Spotting inefficiencies or optimisation opportunities across the balance sheet
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Helping develop and embed ALM and investment-risk frameworks at group level
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Connecting macroeconomic views to ALM strategy – e.g., scenario ideas, rebalancing opportunities, downside protection, value-enhancement
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Producing concise, high-quality MI for senior leadership and board-level committees
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Working with the Group Treasury and Group Risk teams to ensure proposals are well-challenged, well-understood and aligned with wider risk appetite
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Supporting improvements to processes, models and tooling – there’s an appetite for smarter, more automated ways of working
A lot of the impact here comes from how well you communicate complex risk in a simple, credible way. This is not about being the most technical quant in the room – it’s about being able to break down a problem, prototype an idea (often in Excel first), and explain it clearly to senior decision-makers.
Who will suit this role
They’re looking for someone who is bright, dynamic and comfortable moving between technical detail and bigger-picture thinking.
You’ll likely have:
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A few years’ post-qualification experience (actuarial, investment or accounting backgrounds all work)
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A strong understanding of Solvency II balance sheet mechanics (particularly Matching Adjustment and capital requirements)
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Good knowledge of investments, derivatives and hedging
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The ability to interpret market moves and understand how they flow through IFRS, Solvency II and liquidity metrics
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Comfortable working with data and code-based tools (Python/R a bonus)
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Confidence engaging with senior stakeholders
- Cannot support visa sponsorship
Team & working style
You’d be the third direct report to the hiring manager, joining a small team with a reputation for being sharp, collaborative and genuinely dynamic.
Hybrid working: 2 days per week in the London office
