Director & Head, IRRBB, Treasury India Hub

Location: Northwest Newfoundland/Eastern Labrador (Mary's Harbour)

Overview

Job Summary:

Treasury works closely with senior management, the businesses, Country CEOs / CFOs, and Finance to manage and promote the bank’s liquidity, capital, and balance sheet position. Treasury is laser-focussed on its vision to be “Open, progressive and trusted, working commercially with our partners” to create sustainable value by balancing the supply and demand of liquidity and capital. Within Treasury (which comprises Capital, Liquidity & Markets), the Treasury Liquidity function is responsible for driving the strategic liquidity agenda and Interest Rate Risk in the Banking Booking (IRRBB).

The Head of IRRBB, India hub will play a pivot role in supporting the Global Head of Treasury Liquidity and the Head of Treasury Liquidity India in advancing IRRBB Analytics for overseeing and executing comprehensive internal analyses. The role holder will lead a team dedicated to migrating and centralising global IRRBB processes from Group and Clusters, performing detailed stress tests and scenario analyses, leveraging IRRBB data to provide insightful risk assessments and mitigation strategies.

This position requires a deep understanding of IRRBB, strong analytical skills, and the ability to collaborate effectively with senior stakeholders across the organization.
Strategy
Keep up to date with the Group’s business strategy (incl. SC Ventures) and ensure the liquidity, IRRBB & FTP frameworks are aligned to that. Partner with Global Head of IRRBB in developing and recommending risk mitigation strategies based on the findings from stress tests and scenario analyses. Ensure that these strategies are effectively communicated and implemented across relevant business units.
Business
Keep up to date with the Group’s business strategy (incl. SC Ventures) and ensure the IRRBB frameworks are aligned to that. Awareness and understanding of the wider business, economic and market environment in which the Group operates, with a focus on the Group’s participation in the Digital Assets and platforms space. Provide insights on current and forward looking IRRBB exposures, impact assessments on interest income and actions available for balance sheet optimisation.

Lead the engagement with businesses on balance sheet optimisation strategies including but not limited to asset & liability mix to manage IRRBB while optimising returns.
Processes
Analytics:
Oversee the newly developed IRRBB analytics capabilities on a regular basis, including operating the RCO IRRBB calculation engine to run bespoke scenarios and extracting and analysing the results, covering key metric including, but not limited to, Weekly NIIS Flash, Hedging Strategy Assessments, Corporate Plan NII impact simulations and PV01 analysis. This will also involve working with CPM and Finance closely to prepare MI slides for relevant committees like GALCO, ALCO and IRRBB Steering Forums.
Strategy:
Drive IRRBB strategy by engaging Treasury Markets on NII sensitivities, hedging performance and P&L forecasting. Support investor relations for quarterly results, including GALCO/ALCO hedging updates, and contribute to annual disclosures through slide preparation, briefing notes, Q&A drafting and investor query responses.
Framework & Governance:
Own IRRBB governance through preparation of monthly GALCO/ALCO packs with commentary, review of risk metrics and monitoring of group, solo and local limits. Lead regulatory submissions and challenge returns, oversee MAT and risk appetite reviews, maintain IRRBB policies, support disclosures and audits, escalate emerging topics and drive regulatory engagement and interpretation.
Modelling & Methodology:
Apply and maintain IRRBB models per regulatory requirements, including PTR and CASA assumptions. Review and update IRRBB and structural hedging policies, maintain standards, and perform annual forecasts of NII, EBE, and P2A. Conduct policy effectiveness, self-assessment, gap and impact analyses, harmonize models with group, and run simulations and scenario analyses to support regulatory and corporate planning.
Structural Hedging:
Lead structural hedging by planning, executing, and monitoring hedges, including P&L sign-off and…