Job Title:                 Treasurer

Contract:                  Permanent, full time

Location:                   Flexible; with travel to the Tonbridge Office / London                                    

Responsible to:       Chief Financial Officer (‘CFO’)

Overall Purpose of the Role:

The Treasurer, with the assistance of two FTE, will be responsible for managing the Treasury function and the preparation and delivery of the key prudential policies and supporting metrics at Charity Bank. The role will be a member of the ALCO and present the polices for approval at the relevant committee (RiskCo etc.). 

Charity Bank are currently in the process of creating a dedicated treasury function, including the implementation of a new Balance Sheet Management system. The role will have day to day responsibility for: 

• Monitoring and managing Interest rate risk;

• Implementation and ongoing development of the Balance Sheet Management system (full implementation likely before the end of 1Q’25);

• Production of the ALCO pack and NIM analysis;

• Leading a project looking at balance sheet optimisation;

• Developing financial forecasting and modelling for stress testing, capital and liquidity planning;

• Owning the relationships relating to Charity Banks access to our BoE overnight reserves account (BoE, SWIFT etc.);

• Develop subject matter expertise to support the review and challenge of all liquidity COREP returns (LCR, NSFR, Asset Encumbrance and PRA110); and

• Deposit Behaviourlisation.

The role holder will also be responsible for the preparation of the following key regulatory and internal policy documents:

• Internal Capital Adequacy Assessment Process (‘ICAAP’);

• Internal Liquidity Adequacy Assessment Process (‘ILAAP’);

• Pillar III (to be published on our website in conjunction with the annual report and accounts – under SDDT, the 2023 document is likely to be the final submission);

• Interest rate Risk Policy (every 3 years or if business strategy dictates); and

• Recovery Plan (currently bi-annual).

 A key part of the role will be to keep up to date with all new regulatory changes in relation to these documents and related reporting and to interpret for management the impact for Charity Bank. Full use of external specialists is encouraged where necessary.

 Dimensions of the Role:

 This role may involve cross-functional and cross-disciplinary activities (projects). The role holder will need to manage their time effectively and work on a number of separate tasks concurrently, prioritising activity in an appropriate manner.

 The role will also liaise closely with the Regulatory Reporting team to ensure consistency of policies with regulatory reporting outputs.  This may involve supporting ad hoc requests from the reporting team and providing training to individuals on prudential risk matters

 Reporting lines:

 The Treasurer will report to the CFO. This role will have 2 reports, one of which will be a direct report.

 Key contacts:

 Internally:

• All members of the Finance Department especially the CFO and the Head of Regulatory Reporting;

• Executive Committee: Chief Executive Officer, Chief Risk Officer, Director of Savings and Operations, CFO, Director of Credit;

• Other colleagues: mainly, Head of Savings and Operations, Head of Lending Services; and

• from time to time, the Board and Board Committees.

Externally:

• External and internal Auditors, Compliance Advisers.

 Other Requirements:

• There may be a need to work longer hours to meet deadlines when necessary.

Key Accountabilities:

• Manage the day-to-day Treasury function at Charity Bank, including investment decisions and ensuring that the bank adhere to both regulatory and internal limits at all times.

• Prepare the regulatory documents mentioned in ‘Overall Purpose of the Role’ above, including the development and enhancement of the stress test models, issuing draft documents, liaising with other departments for information and tracking all changes made to the document through to final submission to the Board for approval and submission to the regulator.

• Develop an accurate model to capture appropriate data for the ICAAP, ensuring that it can be used for dynamic stress and reverse stress testing purposes.

• Ensure that all documents are cohesive and consistent with regards to shared content and appearance/aesthetics etc.

• Work with the Chief Risk Officer (CRO) to ensure that the Recovery Plan EWI’s are adequate, fit for purpose and appropriately calibrated and ensure consistency of EWI’s with relevant risk appetite.

• Ensure consistency of stress modelling, recovery options and EWIs between ICAAP/ILAAP and Recovery Plan.

• Provide expert insight to support enhancements to the Bank’s Risk Management Framework and Risk Appetite

• As and when required, take the lead in any internal audits relating to aforementioned documents.

• Prepare any regulatory returns that are required as part of the Capital SREP submission and be prepared to take a direct role in any supervisory reviews (most likely C SREP and L SREP).

• Lead actions required to address audit and supervisory PSM letters.

• Prepare data for inclusion in the resolution plan.

  Person Profile

  Experience

• Treasury, capital and liquidity with specific focus on IRRBB and liquidity

• Significant experience in delivering an ICAAP within a regulated environment

• Document writing

• Advanced Excel skills

• IT literacy (MS office)

• Knowledge of banking processes and systems

• Extensive understanding of all relevant regulations relating to prudential risk

  Attainments

• University graduate or equivalent experience

  Special Aptitudes

• Excellent written and oral communication skills

• Ability to work on own initiative

• Excellent attention to detail

• Flexibility and adaptability to juggle a range of different tasks (‘multi-task’)

• Numerate and computer literate, comfortable working with large data sets and using technology

• Report writing experience

  Disposition

• Influencing skills – good at getting a message across

• Able to prioritise work – work to tight deadlines

• Self-reliant

• Non-judgemental

• Personable

• Discreet; confident and resilient

• Punctual and reliable

  Thinking Style

• Able to analyse a problem and present options to resolve it

• Change orientated

• Organised and systematic in approach; attention to detail

• Confidence to challenge and question existing procedures and processes

  Motivation

• Derives satisfaction by achieving results through other people

• Committed and enthusiastic to own continuing personal development