As a Platinum IIP accredited organisation, colleague experience is at the heart of our approach. We believe our Society has a unique purpose and special culture and we are committed to being a great place to work where our colleagues are supported to realise their full potential. We have an exciting new opportunity to join us this September for 12 months within our Treasury Team.
Oh, and by the way we don’t just pay a training allowance. You will join us on a ‘real living wage’ salary as we believe our colleagues deserve a fair day’s pay for a hard day’s work.
Reporting to the Head of ALM (Asset and Liability Management), you will be involved in ongoing projects across both the Treasury and Balance Sheet Management (BSM) teams. On the Treasury side you will primarily assist in the execution and ongoing monitoring and maintenance of the Group’s Securitisation programme. As this is a growing source of medium to long term market funding for the Group, this presents a unique and exciting opportunity to assist in the shaping and delivery of an increasingly important element of the Group’s ongoing funding strategy. On the BSM side you will help with the development of new modelling techniques that enhance the Group’s capability in managing interest rate risk and liquidity risk. Developing these new models will provide you with a unique insight into how a financial institution’s balance sheet works, and how the composition of that balance sheet impacts both profit and risk.
Some key responsibilities will include but are not limited to
- Creating and testing new scenarios to stress test the Group’s resilience to interest rate shocks.
- Developing new MI to better share analysis and insights with senior management.
- Assisting in the establishment and ongoing management of mortgage collateral pools required to support secured funding transactions.
- Participating in discussions with investment banks, rating agencies and legal counsel in respect of Debt Capital Market transactions as required.
With the support of your manager mentor and buddy, you will have objectives to work towards to make sure you are developing during your time with us. You will have exposure to the responsibilities of the wider team by supporting other projects and tasks in both departments. We really want to hear your ideas throughout your time with us, so you will have lots of opportunity to suggest new and innovative ways of working.
We go beyond the traditional placement route by providing you with the opportunity to learn and experience things beyond your assigned role and that will further support your career development through participation in a team challenge project with our Early Talent community.
Assessment Centres to identify the successful candidate will be held throughout April 2025 at Cobalt Business Park.
About you
You should have a desire to work in business and financial services and will need to have successfully completed the second year of your studies and intend to return to university to complete your final year at the end of your placement.
You will need to be able to demonstrate
- Confidence to communicate effectively via different methods of communication
- Good MS 365 skills to enable processing improvements (e.g. Excel, Power BI)
- Good analytical and problem-solving skills
- Strong attention to detail and organisation skills
- An ability to work both independently and within a team
- Willingness to commit to your own development
About us
We are a purpose led business, connecting our communities with a better financial future.
Treasury is a cornerstone department within the Group playing a pivotal role in liquidity management, driving market investment and funding decisions, managing balance sheet interest rate risk and providing key inputs into strategic business decisions.
Our Treasury team vision is built on strong leadership and the maintenance and further development of a flexible and dynamic forward-looking department with cross functional capabilities across all colleagues.
As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return?
As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:
- A 35-hour weekly contract + flexible working options
- 25 days holiday each year plus bank holidays
- Bonus scheme
- Pension scheme
- Life assurance and income protection
- Access to a range of wellbeing benefits
- Electric car salary sacrifice scheme
- Cycle to Work scheme
- Above statutory family leave entitlement
- The option to buy extra holidays
- Two paid volunteering days each year
- A broad range of learning and development opportunities
- Hybrid working - we welcome any discussions around where, how and when people work including part-time hours.
