Head of Franchise, Asset & Liability Management

NatWest Group

  • London
  • Permanent
  • Full-time
  • 7 days ago
Join us as our Head of Franchise, Asset & Liability Management
  • In this senior position, you’ll be accountable for the identification, measurement and management of interest rate risk positions in franchises, including risks arising from product design and structural balance sheet positions
  • We’ll look to you to lead and supervise a team responsible for working with franchises to optimise and deliver interest rate risk hedging solutions
  • Working closely with franchise product, pricing, and finance teams, you’ll develop a front to back understanding of the potential impact of adverse interest rate moves on product margins and strategies to mitigate any risk
What you'll doIn this nuanced role, you’ll be responsible for managing the risk transfer of front and back book risks across our fixed rate residential mortgage portfolios from the franchise to Treasury. Working across the Asset & Liability Management (ALM) team and wider Treasury teams, you’ll also be supporting the ALM modelling team with the business requirements to enable development and delivery of interest rate risk sensitivities and the ALM risk management team and Treasury Markets to anticipate hedging requirements.You’ll be working with teams both inside and outside the ring-fenced bank business to proactively anticipate and manage non-traded market risks. You’ll help us transform our mortgage hedging approach to deliver agile hedging in response to changes in the competitive environment and customer behaviour.You’ll also:
  • Manage front book hedging of retail products including mortgages, deposits and loans, agreeing and implementing the risk transfer of positions from franchise to Treasury
  • Reconcile the commercial demands of franchise stakeholders with a robust, systematic and generative approach to risk management, using your influencing skills to ensure optimal outcomes
  • Help manage other material product risks including fixed term deposits, asset finance, fixed rate loans, and non-maturity or revolving products such as deposits and credit cards
  • Support outside ring fenced business to manage banking book risk positions within risk limits, and ensure hedging is executed within approved mandate
The skills you'll needWe’re looking for someone with significant experience of working in a bank or financial institution with a comprehensive understanding of deposit and lending products and the implications for management of interest rate risk in the banking book.You’ll also demonstrate:
  • Strong leadership skills and experience of engaging constructively with stakeholders including business line managers to deliver product risk management outcomes
  • An awareness of the regulatory, accounting, and legal framework affecting IRRBB
  • Effective influencing and communication skills and the ability to communicate complex subject matter to a lay audience
Hours 35Job Posting Closing Date: 08/09/2025Ways of Working:Hybrid

NatWest Group