ALM Manager (Actuarial)

Oliver James; City of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading financial services group in London seeks an ALM Manager to shape balance-sheet strategy and manage financial risk across multiple divisions. You will engage with senior stakeholders and develop ALM frameworks while producing concise insights for leadership. The ideal candidate has strong knowledge of Solvency II mechanics and market-risk exposure, with the role offering hybrid working two days a week.

Qualifications

• A few years’ post-qualification experience in relevant fields.
• Strong understanding of market-risk exposures.
• Confidence engaging with senior stakeholders.

Responsibilities

• Align business units on managing risks across the organisation.
• Develop ALM and investment-risk frameworks at group level.
• Produce high-quality MI for senior leadership.

Skills

Understanding of Solvency II balance sheet mechanics

Ability to interpret market moves

Knowledge of investments and derivatives

Comfortable with data and code-based tools (Python/R)

Education

Post-qualification experience in actuarial/investment/accounting

Job description

# ALM Manager (Actuarial)ALM Manager (Actuarial)Salary£NegotiableLocationCity of London, London, UKContractPermanentIndustryActuarial---ContactNaomi [e-mail]## **ALM Manager – Group-Level Financial Risk***Helping shape balance-sheet strategy across a major UK financial services group*We’re working with a large, well-established financial services group that’s looking for an ALM Manager to join its central team. This team sits at the heart of the business, overseeing financial risk across multiple divisions – from retirement and investment management to retail businesses.If you enjoy the mix of technical analysis, commercial thinking and senior-stakeholder conversations, this is very much that kind of role.### **What the role actually involves day to day**You’ll be part of a small, high-impact team that makes sure different parts of the organisation are aligned on how they manage interest rate, inflation, currency, credit and equity risks. That includes:* Working closely with business units to understand their market-risk exposures under Solvency II, IFRS and liquidity metrics* Spotting inefficiencies or optimisation opportunities across the balance sheet* Helping develop and embed ALM and investment-risk frameworks at group level* Connecting macroeconomic views to ALM strategy – e.g., scenario ideas, rebalancing opportunities, downside protection, value-enhancement* Producing concise, high-quality MI for senior leadership and board-level committees* Working with the Group Treasury and Group Risk teams to ensure proposals are well-challenged, well-understood and aligned with wider risk appetite* Supporting improvements to processes, models and tooling – there’s an appetite for smarter, more automated ways of workingA lot of the impact here comes from *how well you communicate complex risk in a simple, credible way*. This is not about being the most technical quant in the room – it’s about being able to break down a problem, prototype an idea (often in Excel first), and explain it clearly to senior decision-makers.### **Who will suit this role**They’re looking for someone who is bright, dynamic and comfortable moving between technical detail and bigger-picture thinking.You’ll likely have:* A few years’ post-qualification experience (actuarial, investment or accounting backgrounds all work)* A strong understanding of Solvency II balance sheet mechanics (particularly Matching Adjustment and capital requirements)* Good knowledge of investments, derivatives and hedging* The ability to interpret market moves and understand how they flow through IFRS, Solvency II and liquidity metrics* Comfortable working with data and code-based tools (Python/R a bonus)* Confidence engaging with senior stakeholders* Cannot support visa sponsorship### **Team & working style**You’d be the third direct report to the hiring manager, joining a small team with a reputation for being sharp, collaborative and genuinely dynamic.Hybrid working: **2 days per week in the London office**