ALM Specialist
Knab was founded in 2012 because we wanted to do things differently. Simpler, smarter and more advantageous for our customers. Because we believe we can help everyone maximize their financial affairs. "Feel at ease when it comes to your finances. Every day." By combining smart technical solutions with a healthy dose of human intelligence, we create financial services that really meet your needs. Add to that some of the sublime personal service from our employees and you end up with something that's truly unique to the world of finance!
In a nutshell
Are you passionate about problem solving, interested in the interest rate risk and enjoy improving our processes and related controls? As an Quantitative ALM Specialist you will be responsible for managing and modelling Interest Rate Risk in the Banking Book (IRRBB) in a small and engaged team.
Furthermore, the role will include at least the following:
- Managing the interest rate risk through hedging;
- Developing and further improving interest rate related models (e.g. Non-Maturing Deposits, Cash Flows, Prepayments, Mortgage Pipeline, Hedge Accounting);
- Preparing decision-making, policies and analyses for senior management;
- Reporting the IRRBB position to ALCO;
- Staying up-to-date with the latest changes in regulation (i.e. EBA, BCBS 239) related to IRRBB management;
- Enhancing reporting processes with regard to the automation and quality of the reported data;
- Represent Knab in group-wide projects within the wider Aegon organization.
The current interest rate environment and upcoming changes in EBA IRRBB regulation make it a very dynamic and exciting time to be part of a first-line of defense ALM team. The combination of the current economic climate, a flat-structured bank and a wide range of responsibilities offers you a great opportunity to grow professionally and develop a holistic view on interest rate risk of the bank.
The Team
The Asset and Liability Management & Methodology (ALM&M) team’s goal is to deliver on Knab’s strategy by optimizing the balance sheet of Knab. We do this by ensuring that the interest rate risk, liquidity risk and funding positions of Knab are managed within the boundaries set in the strategies for those risks whilst not losing sight of the profitability of the bank.
We believe in assigning ownership instead of tasks and, as a result, everyone within the ALM&M team gets the chance to own and be in the lead of a focus area within our team. This creates a flat structure which enables people to take initiative and develop their professional career on their own terms.
On a personal side, we are a fun and multi-national team of curious and knowledgeable people. We perceive work as a challenge to improve ourselves and the bank. We like to work together and learn from each other through regular knowledge sharing sessions. We also enjoy spending time together outside of the work (e.g. having a drink or a game of padel)
Your Profile
To be successful in this role, this is the kind of traits we have in mind:
- Completed a M.Sc. in (Quantitative) Finance, Econometrics, Mathematics, Physics or similar academic programs;
- 2 to 7 years of relevant working experience in financial modelling, ALM or balance sheet management;
- Experience with VBA (excel), R, C++, or Python is a must. SQL is a plus;
- Experience with ALM / Risk software solutions such as QRM or Ambit Focus is preferred;
- Clear communication and proficient interpersonal skills (clearly formulate a perspective, show critical thinking etc.);
- Able to work under pressure in a focused and precise manner;
- Self-starter with the ability, agility and motivation for self-learning; and
- Excellent control of the English language, both written and verbally. Dutch is a bonus.
Diversity Statement
Come as you are. Knab is an open workplace with positive vibes. We are inclusive of all nationalities, races and genders. We feel comfortable to bring our authentic whole selves to work and like you to do so too.
Work with us!
If you come to work with us, Knab will become a significant part of your life. Therefore, we make sure the ambiance is just as exciting as your job.
If you have any questions regarding this role or the process, please feel free to reach out to us.
We don`t collaborate with third parties to fulfill this role.
