Asset & Liability Management (ALM) Reconciliation Analyst

My client is a large banking group based in Bristol - looking for an ALM Manager to work in a fast paced and exciting environment.

Principle Accountabilities

* To develop and maintain an efficient and accurate reconciliation process between Group ALM systems and Finance reporting for balance sheet and margins. Reconciliations will cover both actual and plan/forecast data.
* To work with the ALM teams in different areas of the bank to develop and agree a robust financial reconciliation process and sign-off procedure fit for purpose for the monthly operations of the ALM Interest Rate Risk in the Banking Book (IRRBB) process.

This includes -:

* Agreeing the detailed financial reconciliation processes and sign-off procedures.
* Developing consistent manual procedures in the first instance and potential longer term development opportunities for automation of the reconciliation process going forward.
* Specification of any automated reconciliation routines.
* Analysis and resolution of reconciliation breaks.
* Embedding agreed reconciliation tolerances and exception processes.
* Establishing reconciliation break procedures, explanations and sign-off processes.
* Ensuring processes designed are sufficiently flexible to be able to accommodate future business restructures.
* Ensuring reconciliation procedures are fit for purpose, auditable, and consistent with/suitable for audit, risk and SOX compliance requirements.
* Ensuring timeliness of the reconciliation procedures, in keeping with monthly ALCO reporting outputs.
* To take a broader responsibility for problem resolution/ad hoc queries across ALM.
* Ensure the delivery of the key monthly reporting and management processes for designated areas of responsibility.

Key Skills

* Detailed understanding of financial ledger systems (SAP, Oracle GL or similar)
* Relevant accounting qualification (CIMA/ACCA)
* Understanding of Retail banking products and accounting treatments
* Understanding of financial adjustment processes and practices
* Excellent communication skills with the ability to write for and present at senior management meetings.

Preferred Skills

* Understanding of ALM modelling tools (QRM, Sungard/Convergence, RiskPro or similar)
* Good understanding of the key areas of asset and liability management covering:
* Gap reporting
* NII forecasting
* Familiarity with broad financial planning techniques and issues
* Knowledge of Retail, Wholesale and Treasury instruments including:
-Interest rate swaps and option products
-Mortgages
-Savings
-Current accounts
-Loans & deposits
-Swaps and money market instruments
-Non product balances such as net free reserves, equity investments

* Ability to analyse large volumes of data and produce statistical analysis of the results.

Important Skills and Knowledge Areas
Microsoft toolset: Word, Excel, Powerpoint, Visio

Allegis Group Limited and Aston Carter Limited operate Employment Businesses and Agencies and are companies within the Allegis Group Inc. group of companies, the fourth largest staffing company in the world, (collectively referred to as the "Allegis Group"). TEKsystems and Aerotek are divisions of Allegis Group Limited. Applicant data will be treated in accordance with the Allegis Group's Privacy Notice.