Overview

LHV Bank is seeking an experienced Director of Treasury (permanent or interim) to lead core treasury activities during a period of growth. The role has primary responsibility for liquidity management, cash forecasting, regulatory compliance with liquidity and funding ratios, ownership of the Bank’s ILAAP, market risk management (interest rate and FX), preparation of ALCo reporting, and treasury input into product initiatives.

This is a hands-on leadership role requiring strong technical knowledge, regulatory awareness, and the ability to work closely with Finance, Risk, Group Treasury and the wider business to ensure the Bank’s balance sheet remains resilient, well-funded, and compliant.

Key Responsibilities

• Liquidity & Funding: Lead liquidity management across the Bank, ensuring sufficient cash and funding to support business activities including intraday liquidity management across currencies (primarily EUR and GBP).
• Liquidity reporting: Prepare and oversee daily, weekly, and monthly liquidity reporting to senior management and ALCo.
• Regulatory compliance: Ensure full compliance with PRA requirements, including LCR, NSFR, and internal liquidity risk appetite metrics.
• Funding plan: Own and update the Bank’s funding plan, aligning it with growth, capital plans, and regulatory expectations.
• Counterparties: Manage relationships with funding counterparties and deposit-raising channels.
• Forecasting & Planning: Lead cash flow forecasting and stress testing processes with robust methodologies and clear communication of results; provide forward-looking analysis to support balance sheet strategy.
• ILAAP ownership: Lead and own the Bank’s Internal Liquidity Adequacy Assessment Process (ILAAP); develop and maintain framework, methodologies and documentation; coordinate with Finance, Risk and business units; present findings to ALCo and the Board; ensure outcomes are integrated into strategic planning and risk appetite settings.
• Interest rate risk management: Lead the Bank’s interest rate risk management strategy within risk appetite and regulatory limits; design and execute hedges (e.g. interest rate swaps) and monitor hedge effectiveness with Finance and Risk.
• FX risk management: Monitor currency and FX exposures, implement hedging and position management to minimise FX risk, and provide treasury input into products with FX implications.
• Product & Business Support: Partner with product, payments and lending teams to provide treasury input on new initiatives, assessing liquidity and funding implications; support structuring of new products for funding and liquidity efficiency.
• Risk, Compliance & Governance: Act as first line of defence for treasury risks; ensure compliance with PRA liquidity and funding reporting; implement controls and governance to ensure MI and data integrity; participate in ALCo and present treasury matters clearly to the committee.
• Group Treasury relationship: Maintain a strong relationship with the Group Treasury team.
• Leadership: Provide clear updates on liquidity, funding, and regulatory compliance to the CFO, ALCo, and the Board; mentor and develop junior colleagues.

Experience and skills

• Proven track record in a senior treasury role within a UK bank (Senior Treasury Manager, Head of Treasury, or Treasury Director).
• Strong understanding of PRA liquidity and market risk requirements.
• Hands-on experience in liquidity risk management, cash forecasting, ALCo reporting, and ILAAP ownership.
• Ability to operate effectively in a fast-paced, entrepreneurial, and regulated environment.
• Strong analytical skills, attention to detail, and ability to communicate complex issues clearly to senior stakeholders.
• Comfortable working in an interim capacity with the ability to deliver immediate impact.

Benefits

• Competitive salary & progression
• Open and inclusive culture
• Fantastic offices and great working environment
• Vitality Health Plan (includes private health and travel insurance, gym discounts)
• 5% employer pension contribution
• 28 days holiday plus 3 days, bank holidays & additional days for life events

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance

Industries

• Banking