Head of the Financial Management (Openbank) Country: Spain Join Openbank, the 100% digital bank of the Santander Group, where innovation meets opportunity!
With over 2 million customers across Spain, Germany, the Netherlands, and Portugal, we're leading the way in digital banking.
From loans and mortgages to a cutting-edge, fully automated investment platform, our products are transforming the industry.
At Openbank, we pride ourselves on simplicity, agility, and security, earning us the title of the most recommended Spanish bank among our customers.
As we expand internationally, with plans to launch in Mexico and the United States, there's never been a more exciting time to join our team.
If you're passionate about digital innovation, eager to make an impact, and ready to be part of a dynamic and forward-thinking company, then we want to hear from you!
Join us and be part of our journey to redefine banking for the digital age!
Mission: The Head of the Asset and Liability Management (ALM) is a senior executive role responsible for overseeing all aspects of the ALM function within the Bank.
This includes managing the balance sheet, optimizing the risk-return profile, ensuring regulatory compliance, and implementing strategic initiatives to enhance financial performance.
The ideal candidate will possess extensive experience in financial risk management and deep knowledge of ALM principles.
Responsibilities: Balance Sheet Management: Oversee and manage the bank's balance sheet, ensuring optimal asset-liability matching to mitigate risks and enhance profitability.
Structural Risk Management: In collaboration with the Market Risk department, identify, assess, and manage financial risks related to interest rates, liquidity, and capital adequacy.
Implement strategies to mitigate these risks effectively.
Pricing and Profitability Overview: Analyze and validate commercial products pricing proposals, optimizing the risk-return profile.
Maintain Openbank's financial planning tool and transfer pricing policies.
Regulatory Compliance: Ensure compliance with all relevant regulatory requirements, including Basel III/IV, IFRS, and other local and international standards.
Liquidity Management: Monitor and manage the company's liquidity position, ensuring sufficient liquidity to meet short-term and long-term obligations.
Capital Management: Develop and implement strategies for capital optimization, ensuring adequate capital levels to support business growth and regulatory requirements.
ALM Modelling and Analytics: Utilize advanced ALM modeling techniques and analytics to support decision-making and strategic planning.
Stakeholder and ALCO Engagement: Collaborate with key stakeholders, including senior management, regulators, auditors, and external partners, to ensure alignment and effective communication.
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