ALM Specialist

Knab was founded in 2012. We are an online bank, but one run by real people. We are known for being different because we want to do things differently. Simpler, smarter, and more affordable for our customers. By combining smart technology with a healthy dose of common sense, we create financial services that meet your needs. We add sublime, personal service to this, creating something unique in the financial sector.

Your role and responsibilities
Are you passionate about problem solving and combining the use of different tools in your daily work? And are you interested in the interest rate risk and enjoy improving processes? As an 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 and designing optimal risk steering;
• Developing and refining interest rate related models (e.g. non-maturing deposits, cash flows, prepayments, mortgage pipeline, hedge accounting);
• Shaping decision-making, policies and analyses for senior management;
• Reporting the IRRBB and FX 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;
• Assisting junior team members in their professional development.

The current interest rate environment and changes in EBA IRRBB regulation make it a very dynamic and exciting time to be part of a first-line of defence ALM team. The combination of the current economic climate, a flat-structured bank and a wide range of projects offer 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 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 masters degree in (Quantitative) Finance, Econometrics, Mathematics, Physics or similar;
• Relevant working experience in financial modelling, ALM or balance sheet management;
• Experience with Python, R, VBA (Excel) or C++ is a must, SQL is a plus;
• Experience with ALM / risk software solutions such as QRM or Ambit Focus is preferred;
• Ability to communicate complex ideas in clear and concise way;
• Self-starter with the ability, agility and motivation for self-learning;
• Excellent control of the English language, both written and verbally. Dutch is a bonus.

Did you know that according to research, women are less likely to apply than men when they don't meet all the job requirements? What a shame. Because, in our view, 'the perfect candidate' is a myth. So, if you have the drive to grow in aspects of this role, we look forward to your application.

This is Knab and this is what we offer you
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.

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 fulfil this role.