Experienced ALM Officer

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Financial Operations
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2320 Total Views

Deadline for application: 3 October 2021

 

We are looking for an experienced ALM Officer to assess and manage structural risks. The selected person will report to the Head of ALM and Financial Structuring.

 

The ALM and Financial Structuring team monitors, manages, and reports the structural risks (IR, liquidity, FX) generated by EFSF/ESM activities on & off balance sheet; it also performs the cash management function (daily forecasts and recommendations to the treasury function). In this role, the experienced ALM Officer will assess and manage structural risks related to EFSF/ESM balance sheet mismatches, especially liquidity gaps, propose strategies to mitigate them, and participate in relevant management activities

 

The ESM is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the years ahead. The ESM will have a stronger role in the analysis of financial stability risks and design of policy measures in programmes, jointly with the European Commission; it will provide the Single Resolution Board with a financial backstop to support effective and orderly resolution of banks.

The ESM is a unique place to work with around 220 individuals committed to making a difference to the future of the euro area. It recruits talented professionals from every nationality from both the private and public sector.

 

KEY ACCOUNTABILITIES

  • Monitor EFSF/ESM  structural risks (liquidity, interest rate, and foreign exchange) by regular analysis and production of ALM reports;
  • Define appropriate strategies and instruments to mitigate risks arising from the EFSF/ESM’s liquidity profile;
  • Manage issues related to the use of derivative instruments, including collateral management;
  • Contribute to ALM’s advisory role, keeping ESM management informed and up-to-date on strategic matters that impact EFSF/ESM balance sheets;
  • Participate in the implementation of ESM guidelines on risk reduction measures for beneficiary Member States; 
  • Refine existing quantitative models and, if required, build new ones to efficiently and reliably forecast and measure the liquidity positions of EFSF/ESM or other financial risks;
  • Participate in and take ownership of projects within the ALM & Financial Structuring team or across departments, as needed;
  • Adapt policies and procedures to any change in the mandate of the ALM & Financial Structuring team;
  • Interact effectively with professionals in various areas, including lending officers, funding officers, treasury managers, economists, middle & back office officers, risk officers, IT developers, accountants, and lawyers.

 

KEY BACKGROUND & EXPERIENCE

  • University graduate, with a specialisation in finance or economics
  • At least five years of relevant experience in ALM, treasury, and risk management in financial services
  • A combination of professional experience in both the public and private sectors would be an asset
  • Excellent knowledge of ALM, financial risk concepts and calculus, and risk management techniques
  • Proven ability to develop quantitative models in excel; the ability to use VBA would be an asset
  • A professional qualification, such as FRM, CFA, BTRM or CA/ACA/ACCA/CPA would be an asset
  • Excellent oral and written communication skills in English

 

KEY COMPETENCIES

  • Analytical and problem solving skills
  • Critical and innovative thinking
  • Communication and interpersonal skills
  • Resilience, flexibility, and ability to adapt to changes
  • Team work and collaboration
  • Leveraging diversity and inclusion

 

Contract duration: Two-to three-year fixed term contract, with the possibility of extension

 

The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.

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