Asset and Liability Manager

About Salmon Group Ltd and its Subsidiary Bank

Salmon Group Ltd ("Salmon") is a leading financial technology company focused on improving financial inclusion in the Philippines. Through its Philippine subsidiaries, including the Rural Bank of Sta. Rosa (Laguna), Inc. ("Bank"), Salmon delivers accessible financial services to underserved and underbanked Filipinos.

The Bank is being renamed to Salmon Bank (Rural Bank), with BSP approval secured and SEC processing underway. It plans to apply for a Thrift Bank license by next year. In 2024, assets grew 12x to PHP1.3 billion, driven by strong consumer lending. The Bank aims to increase assets 5x in 2025 and to increase equity from PHP682 million (as of 31 May 2025) to PHP1.2 billion by 2026.

Salmon was founded by Pavel, George, and Raffy, who held senior leadership roles at Tinkoff, one of the world's most successful and profitable digital banks. Tinkoff is widely recognized for its innovation and scale in emerging markets, offering a strong foundation of experience for Salmon's leadership team.

In under three years, Salmon has built a global team of finance and technology professionals and raised USD 184 million in equity and debt to support its operations in the Philippines. Key shareholders include the International Finance Corporation (World Bank Group), ADQ/Lunate (Abu Dhabi's sovereign wealth fund), Back in Black Capital, Northstar Group, Spice Expeditions, Antler Elevate, and other prominent investors from the US and the Philippines.

Job Summary

The Asset and Liability Manager (or Senior Manager/Director, depending on experience) will report directly to the President and CEO of the Bank. This is the first dedicated role within the Bank's Treasury function, with full responsibility for establishing and leading its setup and operations.

The role will oversee both risk management and the optimization of the Bank's balance sheet, including liquidity, funding, interest rate risk, and capital planning. It will also focus on building a sound and profitable asset-liability strategy aligned with regulatory and business objectives.

As the Bank continues to grow, this role may evolve into the Treasury Head position depending on the jobholder's capabilities and performance. It offers a rare opportunity to build the Treasury function from the ground up and play a critical role in the Bank's expansion journey.

Key Responsibilities

• Set up and manage the Bank's Asset and Liability Management (ALM) framework, policies, and procedures.
• Oversee and manage liquidity, funding, interest rate risk (IRRBB), and capital planning, ensuring compliance with BSP and other regulatory requirements.
• Monitor and analyze balance sheet risks and exposures; conduct gap analysis, stress testing, and scenario planning.
• Optimize the Bank's balance sheet structure by recommending strategies for funding mix, asset allocation, and pricing to improve profitability while managing risk.
• Prepare and present ALCO reports and provide insights to senior management on balance sheet performance and risk exposures.
• Develop strategies to support balance sheet growth, generating returns on idle liquidity, funding diversification, and cost of funds management.
• Coordinate closely with Finance, Risk, Lending, and other business units to align balance sheet management with business targets and risk appetite.
• Build and enhance ALM models, tools, and reporting frameworks.
• Establish and maintain relationships with Financial Institutions (FI) partners to support the Bank's funding, investment and treasury operations; and
• Set up and maintain counterparty lines to ensure adequate liquidity access, investment channels and risk diversification.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related field (Master's degree or certifications such as CFA or CPA are an advantage).
• At least 7 years of relevant experience in asset and liability management, Treasury, or balance sheet management within a Philippine bank.
• Strong understanding of BSP regulatory requirements on liquidity, funding, and interest rate risk.
• Experience in balance sheet structuring, funding and yield enhancement strategies, and profitability optimization.
• Strong analytical, communication, and presentation skills.
• Proficiency in ALM systems, Excel, and financial modeling tools.
• Ability to work independently, set up processes from scratch, and collaborate across functions.
• Fluent in English and Filipino with excellent communication skills (verbal and written).
• Willing to work in a hybrid setup with an office in Bonifacio Global City (Taguig City) and to travel domestically when needed.