Head of Treasury Front Office

Join us and get a once-in-a-lifetime opportunity to literally build a local banking champion!

Yes, you can! That's our attitude towards our work, ambitions, ideas, and relationships. We at Luminor believe that anyone has the potential to achieve big things and encourage everyone to achieve them, professionally and personally.

Whoever you are and whatever your role is, with Luminor, you will get a once-in-a-lifetime opportunity to build a local banking champion.

We are looking for an experienced Treasury front-office professional and team manager to lead Treasury Front Office activities, manage a small team of Treasury Market Dealers and support the execution of Luminor’s bond investment, short-term liquidity and risk management strategy. In daily work, you as Head of Treasury Front Office will lead dealing and investment activities across fixed income, FX, interest rate derivatives, central bank reserves and nostro products. You will be responsible for investment leadership, people management and professional development of Treasury Market Dealers.

• Lead Treasury Front Office activities and manage a team of Treasury Market Dealers, ensuring clear priorities, high-quality execution, effective controls and continuous professional development
• Manage and oversee bond portfolio management, including investment decisions, portfolio allocation, liquidity considerations, yield and spread monitoring and alignment with internal limits and strategy
• Understand and monitor bond revaluation, mark-to-market movements, portfolio valuation drivers and the financial impact of fixed income portfolio on management decisions
• Execute and oversee Treasury market transactions, including FX, money market instruments, interest rate swaps and other relevant financial instruments used for liquidity, funding and risk management purposes
• Manage Luminor’s participation in central bank market operations, including operational readiness, collateral optimization and internal coordination
• Support hedge accounting processes by understanding associated valuation, documentation, effectiveness and accounting impacts, including cross-departmental P&L impacts and reconciliations with Finance, Accounting and Risk teams
• Act as Product Owner for Treasury Front Office products, including bond investments, interest rate swaps, FX and repo products, and drive necessary business, process, system and control developments in cooperation with relevant stakeholders
• Lead or contribute to Treasury projects and cross-departmental initiatives, ensuring strong liaison with Risk, Finance, Accounting, Operations, Legal, Compliance, IT and other stakeholders
• Ensure that front-office activities are performed in accordance with approved mandates, internal limits, policies, procedures, regulatory expectations and sound market practice
• Use Bloomberg and other relevant trading and auction systems, settlement and market information platforms to support sound execution, valuation, analysis and decision-making

• Relevant Treasury Front Office, markets, asset-liability management, fixed income, liquidity or investment management experience within a bank or financial institution
• Bond investing experience or strong understanding of bond portfolio management principles, including yield, spread, duration, liquidity, credit quality, allocation and limit considerations
• Understanding of bond revaluation, mark-to-market movements and the drivers of portfolio performance and accounting impacts
• Experience with or strong understanding of FX dealing, money market activity, interest rate swaps and valuation of Treasury market positions
• Knowledge of ECB open market operations, central bank facilities, collateral management considerations and related operational processes would be preferred
• Understanding of hedge accounting principles and associated impacts on cross-departmental P&L, valuation, accounting and reconciliation processes
• Strong leadership, people management and coaching skills
• Excellent communication, negotiation and stakeholder management skills
• High attention to detail, strong analytical mindset and ability to identify, escalate and resolve issues

Nice to have

• Proven project management capability and experience in cross-departmental liaison with Risk, Finance, Accounting, Operations, Legal, Compliance and IT, would be an advantage but is not required
• Exposure to specialist Treasury projects, including funding, liquidity, capital markets, collateral, covered bond or securitization-related initiatives, would be an advantage but is not required
• Educational background in Finance, Economics, Business, Accounting, Banking, Financial Markets or related field; Professional qualifications in investment, finance or risk management would be considered a strong advantage
• Knowledge of Bloomberg and experience with trading, auction or market execution platforms would be considered a strong advantage
• Fluent English is required in spoken and written communication due to working on Pan-Baltic level

• Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
• International teams. Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun
• Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored
• More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
• Wellbeing. Access to tools and resources that help you feel good and be productive at work and in life
• Professional growth. Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
• Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor