Senior Consultant Treasury

We’re looking for a high flying, keen thinker who wants to expand their knowledge of Secured Funding programmes. We currently have two secured programmes, being an RMBS and Covered bond programme plus collateral held at the Bank of England.

You will be accountable for contributing to the wholesale secured funding strategy, with an emphasis on complex programme management to deliver all central bank, regulator and investor-facing disclosures, demonstrating an expert knowledge of securitised and covered bond programme structures, and associated cashflow, capital, liquidity, encumbrance, credit ratings and governance responsibilities relating thereto.

To manage the team responsible for both the asset and liability side of funding programmes and contingent central bank access including daily cashflow and asset pool management.

Naturally, we'll expect you to be a great fit in to the culture of the Treasury team, be an advocate of everything the Society stands for and always be seeking to do the right thing.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at our London office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

No two days are the same and an ability to work well in a pressurised environment where delivery times vary from hours to months depending on the nature of the work and situation is key.

An ability to quickly absorb quantitative and qualitative information and make expert commercial decisions whilst having a good eye for detail will be required. The role is an opportunity to represent Nationwide, lead a team whilst being responsible for the programme management of Nationwide’s secured funding programmes.

• Line management responsibilities for a team of 3-5 people, coaching, supporting and delegating tasks & projects to other members of their team as appropriate.
• Maintain positive relationships with others areas of Nationwide, including all relevant committees, in order to inform and influence decisions regarding the funding of the balance sheet, structural efficiencies of financial programmes, and ratings criteria for rated instruments.
• Engagement with 3^rd parties including Banks, Auditors, Credit Rating Agencies and Investors to ensure we obtain favourable ratings / commentary and influence central bank facilities and other central bank liquidity operations.
• Oversee change and implementation within the team, working closely alongside Data & Systems team to deliver this.
• Engagement with Regulatory authorities to ensure that outgoing documentation / reports reflect amendments to prevailing regulations.
• Oversee compliance activities for the Secured Funding programmes.
• Constantly seeking to improve efficiency across the team, question the “why” and driving a “right first time” mentality.
• Ensure all reporting requirements are met to a high standard and delivered by deadlines.
• Encourage the culture & customer first behaviours of the team.

Ultimately, we purposely don’t want there to be a specified list of everything you might or might not be involved with – we want you to treat this role as a platform to grow your abilities and to add value to Nationwide, whilst offering as much support as you need to be successful in that.

About you

As a minimum requirement you’ll have:

• Experience within a Treasury function.
• Experience obtained in one or more of: wholesale funding, funding programme structures, secured programme management and regulatory reporting, investor relations activity and/or credit ratings activities.
• Relevant industry education with advanced skills in commercial decision making, stakeholder management, financial risk management, business writing, market execution, technical analysis and project management.
• Excellent communication and stakeholder management skills with experience of dealing with customers both internal and external.
• Composure and ability to work and make decisions in a tightly controlled environment often with time pressure.
• Knowledge of funding programmes such as Capital, investor relations, Bloomberg, excel and Murex.

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind.
• Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand.
• Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development.
• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes.

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Wellhub – Access to a range of free and paid options for health and wellness
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata

Banking – but fairer, more rewarding, and for the good of society

We forge our own path at Nationwide.

As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.

If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us.

At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.

We are Purpose-driven. Uncompromisingly Customer. Unstoppably Nationwide.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.