Balance Sheet Manager
£65,000 - £85,000 per annum
Leek, St Edward StreetHybrid/Flexible Working | Minimum 2 Days per Week in the Office
Full Time | 35 Hours per Week | Permanent
TheOrganisation
At Leek Building Society, we pride ourselves on being aforce for good. We exist to help our communities grow, so they can do greatthings today and even better things tomorrow.
Our colleagues are one of the communities we support. That'swhy we've created an inclusive, engaging workplace where people have thefreedom to be themselves, develop their skills and build rewarding careers.
We're proud to be recognised as a Great Place to Work,based on feedback from our colleagues, and equally proud to have beenrecognised externally, winning Best Building Society and BestSpecialist Mortgage Provider at the 2026 British Bank Awards.
As a mutual organisation, our members are at the heart ofeverything we do, and every colleague plays an important role in helping usdeliver outstanding service to our customers and communities.
Why JoinUs?
We believe great people deserve great benefits. That's whywe offer:
35-hour working week
7.5% employer pension contribution
Minimum 26 days' holiday plus bank holidays
Holiday purchase and sale scheme
Free health screening
24/7 GP access for you and your close family
Comprehensive mental health support, including counsellingand Mental Health First Aiders
Enhanced sick pay and family leave from day one
Up to 6 months' guaranteed sick pay for major illnesses
Life assurance worth four times your annual salary
Workplace savings account with a £100 bonus for regularsavers
Continuous learning and development opportunities
Retail discounts and salary sacrifice schemes
Onsite gym at our Head Office
Flexible and hybrid working opportunities
TheOpportunity
Were looking for a highly analytical and commercially aware Balance Sheet Manager to join our Treasury and Financial Planning & Analysis function.
This is an influential role supporting the Societys management of its balance sheet and associated financial risks. Youll lead detailed capital and liquidity stress testing, support the management of interest rate risk and model risk, and produce key regulatory documents, including the Societys ICAAP, ILAAP and Recovery Plan.
Youll also play an important role in Treasury activity, acting as the teams primary dealer and undertaking interest rate swap transactions to support the management of Interest Rate Risk in the Banking Book. Working closely with colleagues across Finance, Products and the wider Society, youll provide high-quality analysis, challenge assumptions and help translate complex financial information into clear recommendations.
Youll prepare papers and risk reporting for ALCO and other committees, contributing directly to informed decision-making and the effective management of the Societys capital, liquidity and interest rate risk.
WhatYou'll Be Doing
Leading detailed capital and liquidity stress testing and ensuring the resulting analysis is accurate, robust and appropriately evidenced
Preparing and maintaining the Societys ICAAP, ILAAP and Recovery Plan, working with relevant areas across the business to produce high-quality regulatory documents
Keeping the Recovery Plan aligned with relevant regulatory expectations and developments
Leading customer behavioural analysis to support capital, liquidity and interest rate risk management
Supporting improvements to the Societys Financial Planning and Treasury model estate
Ensuring Treasury risks are accurately reported by working with the reporting team and updating models where required
Preparing clear, evidence-based papers on Treasury matters for ALCO and other committees
Reviewing and updating Treasury risk appetite and policy documents and presenting them to ALCO and the Board for approval
Supporting the development and effective implementation of the Societys model-risk framework
Acting as the Treasury teams primary dealer and transacting interest rate swaps with approved counterparties to manage Interest Rate Risk in the Banking Book
Managing the Societys interest rate risk hedging programme, including oversight of tranche-management data and processes
Working with Products and Finance colleagues to ensure hedging information is accurate, current and produced efficiently
Exploring opportunities to use excess liquidity appropriately for investment and interest rate risk management
Ensuring Treasury activity complies with internal policies and relevant regulatory standards
Promoting collaboration, constructive challenge and continuous improvement across Treasury and Financial Planning
WhatWe're Looking For
Essential
A relevant accounting, Treasury, finance or risk qualification, progress towards one, or equivalent professional experience
Experience working in Treasury, balance sheet management, financial risk or a related finance role
Knowledge of capital, liquidity and interest rate risk management
Experience analysing complex financial information, maintaining financial models and developing clear recommendations
An understanding of stress testing, financial modelling and appropriate model controls
Experience preparing clear reports or papers for senior stakeholders or committees
Advanced working knowledge of Microsoft Excel
An understanding of the regulatory environment within financial services
Strong numerical and analytical skills, with excellent attention to detail
The ability to challenge assumptions, identify financial risks and explain complex information clearly to specialist and non-specialist audiences
Desirable
Knowledge of building society or retail banking products and balance sheets
Experience within a building society, bank or another regulated financial services organisation
Knowledge or experience of ICAAP, ILAAP, recovery planning and Interest Rate Risk in the Banking Book
Experience supporting capital, liquidity or interest rate risk management and stress testing
Knowledge or experience of Treasury dealing, interest rate swaps or hedging
Experience of ALCO reporting or model-risk management
We welcome applications from candidates who can demonstrate strong transferable Treasury, finance or financial-risk experience, even if their background is not specifically within a building society.
Inclusion
We are committed to creating an inclusive workplace whereeveryone feels respected, valued and able to succeed. We welcome applicationsfrom people of all backgrounds, experiences and communities and will providereasonable adjustments throughout the recruitment process where required.
Pre-EmploymentChecks
As a regulated financial services organisation, all offersof employment are subject to satisfactory pre-employment screening.
Depending on the role, this may include:
References
Right to work verification
Standard Disclosure and Barring Service (DBS)check
Adverse credit check
Financial sanctions screening
Verification of qualifications and professionalmemberships, where applicable
Any offer of employment will be conditional upon thesuccessful completion of the relevant checks.
ApplicationGuidance
As a regulated financial services organisation, honesty andintegrity are important to us. We recognise that candidates may use technology,including AI tools, to support the preparation of their application. However,all information submitted must be accurate and genuinely reflect your ownskills, knowledge and experience. We may explore application content furtherduring the recruitment process to verify and better understand the examplesprovided.
Interestedin Finding Out More?
A full Job Description and Person Specification areavailable on our careers website. We encourage applicants to review thesedocuments before applying.
If you require any reasonable adjustments as part of therecruitment process, please let us know and we'll be happy to discuss how wecan support you.
Join an award-winning building society where peoplematter, communities matter, and your career can thrive.