Treasury Manager

Role Overview

• Help build and manage Kroo Bank’s treasury balance sheet and liquidity portfolio through high quality execution, strong market awareness, and disciplined risk management.
• Act as an execution focused treasury dealer and rounded Treasury generalist, supporting day to day trade activity across cash, bonds, and money markets.
• Embed robust governance across liquidity, funding, and interest rate risk including IRRBB.
• Build trusted relationships with brokers and counterparties.
• Monitor liquidity, funding, and market conditions to support the daily management of the Bank’s cash position and liquidity buffers in line with risk appetite and policy.
• Execute treasury trades across a range of instruments including RMBS, Covered bonds and money market products.
• Manage portfolio for high quality liquid assets, investment securities, and short dated instruments.
• Support the management and reporting of interest rate risk including IRRBB.
• Assist with the build out and ongoing management of the treasury asset portfolio.
• Develop and maintain strong working relationships with brokers and trading counterparties.
• Contribute to treasury policies, procedures, and controls.
• Partner with Finance and Risk for month end processes, valuation checks, and P&L attribution.
• Monitor key liquidity metrics and early warning indicators.
• Assist with the production of treasury and liquidity governance materials for internal committees.
• Support wholesale funding and deposit related treasury activity.
• Contribute to regulatory submissions and supporting documentation where relevant.

Requirements

• Proven treasury dealing and trade execution experience within a bank, building society, fintech, or regulated financial services firm.
• Hands on execution experience across money markets and fixed income including buying and selling bonds.
• Working knowledge of asset backed instruments and securitisation structures such as RMBS, ABS and Covered Bonds and how they behave across market conditions.
• Strong understanding of liquidity portfolio construction including HQLA principles, eligibility considerations, and haircut concepts.
• Experience monitoring and managing interest rate risk including IRRBB, with ability to interpret key metrics and drivers. Understanding of key hedging instruments such as swaps and futures.
• Familiarity with treasury governance and operating within risk appetite, limits, mandates, and delegated authorities.
• Understanding of treasury front to back processes including trade capture, confirmations, settlements, reconciliations, and issue management.
• Experience building and maintaining counterparty and broker relationships, including best execution practices and market colour.
• Comfort working with treasury systems and data tools for booking, reporting, and MI production.
• Understanding of the typical product set in a UK challenger retail bank including savings, deposits, lending, and how these impact liquidity and interest rate risk.
• Strong written and verbal communication skills, able to produce clear commentary for governance forums and work effectively with Finance and Risk.
• High attention to detail with strong operational discipline, particularly around booking accuracy, documentation, and audit trails.
• Ability to work calmly under time pressure, respond to market events, and manage multiple priorities in a fast paced environment.
• Relevant market and regulatory awareness including PRA and FCA expectations for treasury, liquidity, and risk management.
• Degree level education or equivalent practical experience in Treasury, Finance, Economics, Mathematics, or a related discipline.
• Professional qualification is beneficial but not essential, for example Association of Corporate Treasurers qualification, CFA, or relevant treasury or markets certification.
• ILAAP or broader liquidity regulatory submission experience is desirable but not essential, especially in a growing challenger bank setting.
• Ongoing professional development evidence, such as relevant training in financial markets, liquidity risk, IRRBB, or prudential regulation

Benefits

• Generous holiday time: 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.
• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.
• Employer-sponsored volunteer program: We're passionate about giving back to our community, and we support our employees in doing the same with up to 4 hours per month of employer-sponsored volunteer time.
• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.
• Workplace pension: We want you to feel secure about your future, so we offer a workplace pension with a 5% employee contribution and a 3% employer top-up.
• Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop. Additionally, we also offer support in establishing your home office by contributing towards your setup if required.
• Modern office: When you're in the office, you'll enjoy access to our modern, bustling workspace in Farringdon (Central London).
• Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme.
• Electric Car scheme: We're committed to reducing our carbon footprint, and our Electric Car scheme makes it easy for our employees to do the same.
• Enhanced parental leave: We know that family comes first, and we offer an enhanced parental leave policy to support our employees in starting and growing their families.
• Room for growth: As a fast-paced, high-growth start-up, we're dedicated to providing our employees with room to grow and excel.
• You get full healthcare for you and your nuclear family via Vitality.