At Allica Bank, we are seeking a Deposits Manager to join our Treasury Department. This position offers a key opportunity to be central to developing and executing the Bank’s funding plan. You will be responsible for analysing and understanding how to optimise funding, and for taking ownership of delivering that plan.
What You'll Do
- Ensure the Treasury function contributes effectively to the Bank’s overall performance while maintaining full compliance with best practice standards, regulatory requirements, and statutory obligations.
- Understand retail and business deposit markets.
- Monitor market rates and funding requirements and propose price and product changes.
- Form and have a view on future rates of all savings products in the market.
- Identify opportunities to optimise funding structure and pricing.
- Maintain relationships with deposit aggregators.
- Manage all aspects of governance covering deposits, including compliance with aggregators and internal product reviews.
- Determine an optimal funding strategy for the Bank.
- Perform analysis of performance to plan.
- Perform behavioural analysis for the deposit book.
- Prepare and present fortnightly funding updates to key stakeholders.
- Prepare and present monthly funding updates to ALCO.
- Assist in the preparation and production of analysis of the Bank’s deposit book.
- Assist in the running and write up of stress testing.
- Take responsibility for the maintenance of all Treasury documentation relating to funding and deposits.
- Contribute to the development of a modern, digitally focused Treasury function.
- Develop, enhance and maintain the Bank’s Funding Optimisation tool within ERMAS.
- Undertake the preparation of daily reporting within the ALM system as well as maintenance of products within the system.
What We're Looking For
- An understanding of deposit markets.
- A strong data, analytical and problem-solving background.
- Strong attention to detail and willingness to take a hands on approach to BAU activities.
- Takes ownership of tasks, prioritises effectively, and proactively supports the team by stepping in when needed, demonstrating strong emotional intelligence and initiative.
- Ability to work collaboratively in a team environment.
- Markets experience gained within a regulated firm, preferably a retail deposit taking and corporate lending institution.
- Prepared to challenge but to do so in a constructive manner.
- A proactive, “can-do” attitude with flexibility and problem-solving skills.
- Committed, hardworking and focused upon delivering results.
- Clear and confident communication skills.
Team & Environment
You will be joining as part of the Bank’s Treasury Department.
Benefits & Compensation
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
Work Mode
This role follows a hybrid working model.
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
