Treasury Middle Office

Ikano Bank AB (publ) is looking for a Middle Office to our Treasury team within Central Finance.

The Treasury team is centralized to Malmö and responsible for funding, liquidity, FX and IRS risk, hedging and internal interest rate pricing. The team consists of Front Office (1), Middle Office (2) and Back Office (1).

You will be working closely together with the rest of the Treasury team as well as other department within the bank and you will be reporting to Head of Treasury.

We create solutions that simplify finance

The Middle Office are responsible for Interest Rate Risk, Treasury´s part of regulatory reporting regarding LCR & NSFR, monitor and report all Treasury limits and report breaches, internal interest rate calculation and margin computation, funding cost follow up related to Ikano Bank´s activities. You´ll need treasury/bank experience from similar assignments as well as an interest in building the Middle Office function and development tools and processes.

You will be the natural go-to person and be the strategic sparring partner for the organization in questions related to your responsibilities.

In a nutshell

The purpose of the Middle Office and the Interest Rate Risk role is to develop, implement and maintain an effective and well controlled Interest Rate Risk Framework. This will involve developing and maintaining the Interest Rate Risk in the Banking Book (IRRBB)

• Take ownership of the IRRBB model.
• Ensure input assumptions are valid, sufficient and complete for measurement and monitoring of the overall Interest Rate Risk for Ikano.
• Identifying risks and recommending proposed solutions.
• Collaboration with key stakeholders to ensure all models/frameworks satisfy regulatory requirements, best industry practices and Ikano´s internal requirements.
• Fair value and cash flow hedge
• Manage Hedge Accounting
• Develop and streamline daily, weekly and month end processes.
• Advising on impact of key industry developments such us IBOR transition and the Interest Rate Benchmark reform

We offer you

Operating at the center of events, you will have an active role in various decision forums, represent us to internal and external partners and create a great foundation for further development. This position is more than what meets the eye. You will get the chance to push boundaries and influence your daily work. All as part of a caring and open culture where we live our values, work hard, have fun and operate with a long-term perspective. Because here opportunities arise, and growth follows.

You will be the natural go-to person and be the strategic sparring partner for the organization in questions related to your responsibilities.

Are you the one for Ikano?

With broad understanding of the foundations of banking/Treasury and with a background from middle office you need to know and show:

• Degree in accounting / finance / economics
• Minimum 1-year experience in Bank/Treasury/Risk management
• Experience and detailed understanding and knowledge in Interest Rate Risk calculation, Treasury markets and derivatives
• Robust awareness of the control environment requirements within the financial services
• Advanced Excel
• High knowledge from TMS (Treasury Management System) – Ikano Bank use TWIN (CGI)
• Drive to improve the daily work
• Open minded and enthusiastic
• Excellent Team player with ability to collaborate closely with all parts of the bank to deliver results
• Well organized and able to prioritize and work effectively under pressure
• Fluent in English and Scandinavian language

Join us now – together we will find a better way

You will be part of Ikano Bank, where we create possibilities for a better living by providing banking and financial services. We do it with different perspectives, natural curiosity and long-term focus. A unique chance for greater responsibility and future opportunities. Let’s achieve great things together.

Please apply at the latest 2022-06-15. The position may be filled before this date. More information can be given by Fredrik Sannemo, Head of Treasury, +4670-934 95 96 or through e-mail fredrik.sannemo@ikano.se

About us

Ikano Bank offers simple and attractive savings and loan products for consumers, sales support services for retailers, and leasing and factoring solutions for corporate customers. Ikano Bank has a presence in Sweden, Denmark, Finland, Norway, the UK, Poland, Germany and Austria. Ikano Bank is part of the Ikano Group, an international group of companies active within banking, real estate, production, insurance, data analytics and retail, who owns 51% of the Bank. Ingka Group, a strategic partner in the IKEA franchise system, operating 378 IKEA stores in 31 countries, owns the remaining 49% of Ikano Bank. At Ikano, our vision is to create possibilities for better living. We do this by working together to create simple and meaningful solutions based on fair terms that bring value to our customers. Ikano Group was established in 1988 and is owned by the Kamprad family. Find out more about us on Ikano Group – https://group.ikano