ALM Manager

We are looking for a treasury management specialist with a solid understanding of asset liability management to join our finance division.

For the past three years, we’ve been building a new kind of bank for European businesses. We are on the verge of launching and look forward to welcoming our first clients in the very near future. This will involve analyzing a fair amount of data and managing several types of risk.

About the position

Role

You will be in charge of everything related to treasury and asset liability management (ALM). In short, you will be the bank’s point of reference for any topic that touches on cash flows and refinancing.

Responsibilities

Generally speaking, you will:

Manage our cash on a day-to-day basis, specifically by being responsible for our central bank account and interbank transactions.
Define and implement our funding, investment and hedging strategies.
Identify and monitor the indicators relevant to maintaining a balanced balance sheet: regulatory indicators, liquidity gridlocks, stress tests, net interest margin sensitivity, net present value, etc.
Monitor financial risks (liquidity and rates) related to our business activity and sound the alarm if necessary.
Plan and run our ALM committee meetings; you are responsible both behind the scenes and center stage.
Keep tabs on regulatory changes, especially those affecting liquidity and rates.
Develop the models we use to calculate the rates we offer our clients.

About you

Profile

You are experienced in cash management, have a strong understanding of the interbank market, and are well-versed in ECB and Banque de France refinancing mechanisms. Despite your extensive knowledge, you remain able to discuss these complex topics in simple terms. You have already been involved in the cash management of a bank and you would like to continue in this vein at Memo Bank.

We value people who always have our customers in mind even when their job does not involve interacting with them on a daily basis. Our finance division does not work in a silo; it is there to help our bank provide better service to our clients. To achieve this, we will look to you to protect our bank and our clients from balance sheet risks, e.g. by ensuring that deposits are put to good use and by closely monitoring regulatory developments (so that we remain in compliance).

We are optimists. We see solutions behind every obstacle. If you're overwhelmed by procedures in your current job, if you feel that regulatory streamlining has taken precedence over a sense of service, if you think there is a better way forward, then you can expect to find like-minded people at Memo Bank who are willing to listen and want to help. You will be able to share your opinion and hear those of others. You will have considerable influence when it comes to our banking doctrine. You will be responsible for the management of our treasury and related internal processes. By joining the project now, you can have your say on a wide range of topics before things become ingrained by virtue of time and habit.

We often communicate in writing (in French and English) and almost always quite openly. This allows employees to stay informed on all the work in progress - without being forced to do so. What we write ranges from documentation (Confluence), to instant messages (Slack), to reports (recurring or one-off) requested by the regulatory authorities. While we do, of course, actually talk to one another in our offices on a daily basis, we always keep a written record of our major decisions for ease of reference.

We hire curious, daring, humble people and then give them a lot of freedom to learn and create. We're much more interested in what you've been doing since you graduated than in your degree. In our experience, evidence of properly-thought-out and well-executed projects tell us more than a piece of paper from even the most prestigious institutions.

Qualifications

Ideally, you have:

At least five years’ experience treasury management in the banking sector (interbank relations, short-term investing and financing, and the interplay between balance sheet, P&L and cash flows).
Significant experience in ALM, especially in funding strategies.
An understanding of programming (VBA at the very least).
Experience with one or more ALM tools (Fermat or RiskPro).
Strong written and spoken English. All internal documentation is in English and you will be adding to it.
Excellent written and spoken French.

How to apply

The initial application

If you’d like to join us, simply send us your CV (or your LinkedIn) and a message (in French or English) explaining why you are applying. We don’t expect a formal cover letter, but we do want to know what you think you can bring to the team and what you expect from us. Don’t be afraid to let a bit of your personality shine through; your future colleagues will be reading.

You don’t get any bonus points for length, and you won’t be penalized for brevity. Leave out the parts that we might be tempted to skip over and focus on what’s truly important to you.

We know that we are asking a lot. You likely already have a job and/or other occupations. If you are willing to take time out of your busy day to write to us, we genuinely appreciate it. The ball is in your court. We hope to hear from you.

The interview process

Here’s what you can expect if your initial application is successful:

A phone interview with our recruitment team (30 minutes);
A series of technical exercises to be completed offsite at your convenience and returned to us via email (expect to spend about 2 hours);
A series of video-conference interviews with members of several different teams (4 hours).