Full-Time

Balance Sheet Manager

Confirmed live in the last 24 hours

Tandem Bank

Tandem Bank

201-500 employees

Offers green financial products and services

Consumer Software
Fintech
Financial Services

Compensation Overview

£100kAnnually

+ Bonus up to 20%

Senior

Remote in UK

The job can be performed fully remote in the UK or hybrid working from Cardiff, Blackpool, or London offices.

Category
Financial Planning and Analysis (FP&A)
Treasury
Finance & Banking
Required Skills
Excel/Numbers/Sheets

You match the following Tandem Bank's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Have a strong understanding of balance sheet management / pricing in a banking environment / liquidity risk management.
  • Strong numerical background with a proven ability within financial mathematics.
  • Proven experience in project coordination.
  • Have first rate Excel skills.
  • Can put together a decent presentation.
  • Can be self-sufficient, you’ll be required to take ownership and won’t be micro managed.
  • Have good commercial acumen, able to consider and call out inconsistencies, areas to focus on or opportunities to for improvements.
Responsibilities
  • Monitoring Tandem’s lending origination and margin against the medium term plan.
  • Reviewing and challenging pricing assumptions, modelling and proposals.
  • Reviewing performance of FTP and Pricing calculations and recommending improvements.
  • Proposing funding growth strategies which align to lending growth plans while ensuring compliance with Tandem’s liquidity risk framework.
  • Proposing hedging strategies which carefully manage current and future risks to NII while taking account of expected customer behaviours.
  • Ensuring that Tandem’s funds transfer pricing takes adequate account of current costs and expected future risks.
  • Advising on asset and liability pricing, including identifying opportunities to improve, with a view to optimising Tandem’s margin/volume mix.
  • Preparing reports for ALCO and PRICECO which track actual NII performance against the Plan and explain any deviations.
  • Taking a leading role in the delivery of Tandem’s annual ILAAP.
  • Supporting other areas of Treasury and Finance where required.
Desired Qualifications
  • Treasury/Accounting or similar qualification; CertBALM, ACCA, ACT, CFA, CIMA.
  • Previous experience with SQL.
  • Experience of working in the Treasury department of a mid-sized building society or challenger bank.
  • Educated to degree level, ideally with a mathematical/numerical focus.
  • Understanding of products, commercial drivers and key competitors in some or all of Tandem’s key markets.

Tandem Bank provides a variety of financial products aimed at promoting environmentally friendly lifestyles. Their offerings include savings accounts, home loans, home improvement loans, and motor finance, all designed to help customers save money while reducing their carbon footprint. Customers' deposits are used to fund loans for green initiatives, such as solar panels and energy-efficient home improvements, allowing Tandem to earn interest on these loans. This focus on green finance sets Tandem apart from traditional banks. Additionally, Tandem offers a free app called Loop, which simplifies money sharing among friends and family, further enhancing their service. The company's goal is to make sustainable financial choices accessible and to encourage greener living.

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

$164.3M

Headquarters

Blackpool, United Kingdom

Founded

2013

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in sustainable finance boosts demand for Tandem's green financial products.
  • UK's net-zero carbon goal increases incentives for Tandem's home improvement loans.
  • Rising EV adoption aligns with Tandem's green motor finance offerings.

What critics are saying

  • Increased competition from fintechs offering similar green finance products threatens Tandem's market share.
  • New leadership may lead to strategic shifts disrupting current operations.
  • Fluctuating interest rates could impact profitability of Tandem's green loans.

What makes Tandem Bank unique

  • Tandem focuses on green finance, promoting sustainable living through its financial products.
  • The company uses customer deposits to fund loans for eco-friendly home improvements.
  • Tandem offers a unique app, Loop, for easy money sharing among friends and family.

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Benefits

Paid Vacation

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
BikeBiz
Nov 19th, 2024
Tandem Group become Dashel exclusive UK distribution partner

Tandem Group has announced a new partnership with Dashel Helmets, becoming the exclusive nationwide distributor for the brand.

Tandem
Nov 15th, 2024
Tandem appoints Matt Dobson as Chief Financial Officer

Tandem Bank has appointed from within, announcing Matt Dobson as its new CFO, subject to regulatory approval.

Fintech Futures
Aug 30th, 2024
UK's Tandem Bank hires former JP Morgan exec Adi Kadle as director of engineering

Former JP Morgan executive director Adi Kadle has joined UK digital bank Tandem as its new director of engineering.

Blackpool Gazette
May 16th, 2024
Blackpool's Tandem Bank recognised in Sunday Times Best Places to Work 2024

Blackpool based Tandem Bank has earned a spot in the Sunday Times Best Places to Work 2024, the leading nationwide workplace survey to celebrate Britain's top employers.

The Business Desk
Apr 18th, 2024
North West business briefs: Blank Street; Liverpool One; Foundation 92; OFR; Spice & Grind

Having launched its own Financial Education programme in January 2023, Tandem, the UK's greener digital bank, has reached over 2,500 young learners based in 12 further education settings throughout the North West, and was the perfect choice to partner with Foundation 92 to plug the gap for financial literacy.

Mortgage Solutions
Feb 22nd, 2024
Tandem launches affordability calculator

Digital bank Tandem has launched an affordability calculator to better support intermediaries' residential mortgage applications.

Coverage
Jan 22nd, 2024
Tandem raises $3.7 million

Tandem raises $3.7 million.

Crowdfund Insider
Oct 13th, 2023
UK's Digital Bank Tandem Appoints James Streeter as Head of ESG, Supporting Drive to Prioritize Sustainability

Tandem, the UK's greener digital bank, has appointed James Streeter as Head of ESG, supporting its drive to keep sustainability at the core of Tandem.

Google News
Aug 7th, 2023
Tandem launches a market leading instant access rate at 5.00%

Tandem has been building its savings product offering over the past year and was named Savings Champion's Best App-Based Savings Provider in December 2022.