Treasury Manager

At Kroo Bank, we’re building a better bank from the ground up. One that puts customers first, treats money responsibly, and uses technology to make everyday banking simpler, fairer and more transparent. We’re a fully regulated UK bank, backed by long-term investors, with a growing customer base and big ambitions. We move fast, think carefully, and hold ourselves to high standards, whether that’s how we build products, manage risk, or look after our people.

How you will contribute and key responsibilities:
As a Treasury Manager, your key responsibility will be to help build and manage Kroo Bank’s treasury balance sheet and liquidity portfolio through high quality execution, strong market awareness, and disciplined risk management. You will act as an execution focused treasury dealer and rounded Treasury generalist, supporting day to day trade activity across cash, bonds, and money markets, while helping to embed robust governance across liquidity, funding, and interest rate risk including IRRBB. You will build trusted relationships with brokers and counterparties, understand the product suite of a UK challenger retail bank, and work closely with Finance, Risk, and Product teams to ensure treasury activity supports sustainable growth. Other responsibilities include:

• 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, ensuring best execution, accurate capture, and timely confirmation and settlement.
• Portfolio management for assets including high quality liquid assets, investment securities, and short dated instruments, including risk weighted asset calculations, consistent with the Bank’s liquidity strategy and regulatory expectations.
• Support the management and reporting of interest rate risk including IRRBB, contributing to analysis of behavioural assumptions, hedging quantification and execution and key metrics used for oversight.
• Assist with the build out and ongoing management of the treasury asset portfolio, including eligibility considerations, limit monitoring, and documentation to support governance and audit trails.
• Develop and maintain strong working relationships with brokers, trading counterparties, and relevant market infrastructure providers to support efficient execution and market access.
• Contribute to the ongoing development of treasury policies, procedures, and controls, ensuring that dealing, confirmations, reconciliations, and record keeping meet internal standards and regulatory expectations.
• Partner with Finance and Risk to support month end processes, valuation checks, P&L attribution where applicable, balance sheet substantiation, and management information reporting.
• Support liquidity risk management activities including monitoring of key liquidity metrics, early warning indicators, and stress testing inputs and outputs.
• Assist with the production of treasury and liquidity governance materials for internal committees, including clear commentary on drivers, risks, and actions.
• Support the management of wholesale funding and deposit related treasury activity where required, aligned to a challenger retail bank product set and customer proposition.
• Where applicable, contribute to regulatory submissions and supporting documentation, with ILAA, ILAAP, and related liquidity governance experience considered beneficial but not essential.
• Other duties as assigned to meet business needs.

Requirements

Required skills:

• 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.

Here are the qualifications required for the position:

• 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

What we offer:

At our cutting-edge fintech company, we know that attracting and retaining the best talent means offering top-notch benefits that help our employees thrive both in and outside of work. Check out what we currently offer:

• 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.

Hybrid Working:

At Kroo Bank, we have a hybrid policy that gives both individuals and teams a lot of freedom when it comes to using the office space to boost productivity. Our London office is a great resource when used effectively. So, employees who can occasionally come to the office are a good fit for how we work right now. Keep in mind that this job involves working from Monday to Friday, with a mix of remote and office work, so you won't need to be on-site all the time.

Diversity and Inclusion:

We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.

To all Recruitment Agencies:

At Kroo Bank, agency resumes are strictly prohibited. Do not submit agency resumes or forward them to our job advertisements or Kroo Bank employees. Be aware that Kroo Bank will not assume any responsibility for fees incurred due to unsolicited resumes.

To ensure a fair and efficient application process, all candidates are kindly requested to submit their applications directly through the advertised platform. We kindly ask that you refrain from reaching out to the company or its employees via email, LinkedIn, or any other communication channels for inquiries or updates. Please note that any attempts to contact us through these channels will not receive a response. Thank you for your understanding and cooperation.