ALM Risk Manager

Company Description

Wise is a global technology company, building the best way to move and manage the world’s money. Min fees. Max ease. Full speed. 

Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their life easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money. For everyone, everywhere.

More about our mission.

Job Description

We are seeking a capable and enthusiastic ALM Risk Manager to join our team in London. The successful candidate will be responsible for providing support and second line risk management advice and oversight to Wise Group. This role requires a seasoned professional with a deep understanding of ALM/Treasury Risk and relative regulatory requirements, and industry best practices.

What you’ll be doing: 

• Support the head of Financial and Prudential Risk with

  • ongoing monitoring and reporting activities (IR, FX, Liquidity, Credit, Capital), including (i) management and escalation of breaches (ii) keeping abreast of internal and external events

  • detailed understanding of risk profile on a current and forward looking basis, volatilities and ongoing incidents

  • building automated and robust processes for treasury risks monitoring and reporting, and associated analytics

  • providing 2LOD controls assurance and supporting RCSA exercises

  • project management of delivery of remedial actions (breaches, issues, etc)

  • building or enhancing our framework (metrics, methodologies, stress testing, policies, etc)

  • review of risk appetite statements 

  • enhancing the financial risk stress testing and scenario library 

• Work closely with the first line of defence to develop a deep understanding of our products, business strategy, pricing, and consequently supporting the launch of new products or initiatives

• Prepare and provide training for colleagues on Financial risk management, or develop a form of management that raises the level of risk and control mindset

• Prepare presentations for group risk committees

 What you’ll bring:

• 5+ years of experience in Treasury/ALM risk management in either 1LOD or 2LOD

• Good knowledge of risk management methods and techniques, e.g. VaR/stressed VaR, PV01/CS01/NII01, liquidity survival horizon, concentration metrics, etc

• Understanding of (i) IR/FX market fundamentals (ii) traded instruments such as interest rate swaps, FX swaps, repos, and (iii) regulatory requirements such as Basel 2.5 & Basel 3.1

• Experience (i) in analysing data, to extract patterns and trends to better understand risk and emerging risk exposures (ii) with Power BI / SQL / Python /VBA/etc

• Excellent analytical, problem-solving, and decision-making skills, with the ability to analyse complex issues and develop practical solutions in a dynamic and multicultural environment.

• Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment

• Excellent communication and interpersonal skills, with the ability to effectively interact with senior management, regulators, and other stakeholders 

It would be ideal but not essential if you had:

• Understanding of fixed income and derivatives valuation, behavioural modelling, IRRBB and/or FX structural hedging, IFRS9, contingency funding plans and indicators 

• FRM or CFA qualification 

• Degree in Maths, Physics, Statistics, or a related field

Additional Information

#LI-SL

Salary £65000 - £85000

For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visit Wise.Jobs.

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