What does this job entail?
You will be part of Group Treasury, the department that ensures that the balance sheet of KBC is managed in a safe and profitable way. In doing so, Group Treasury generates a large part of the interest income which remains the most important source of profitability for KBC Group. This is done via:
- Asset & Liability management – managing the interest rate position and investment portfolios of bank and insurance to generate more interest income;
- Optimizing the balance sheet composition, and managing the liquidity and funding cost/mix of banking subsidiaries and the group by attracting short & long term funding in the market and by steering the internal cost of funds for subsidiaries and commercial activities;
- Management of the short-term volatility of P&L and capital ratios via the application of hedge accounting techniques.
Group Treasury and the Local Treasuries in all subsidiaries work closely together and also in close contact with the different commercial activities. In this respect Treasury offers an unique opportunity to work in an intellectually challenging environment that provides a helicopter view on bank & insurance activities with a focus on international collaboration. Digitalisation presents many opportunities and challenges in the treasury domain (digital currencies, more efficient client behaviour, different competitive behaviour, …) which Group Treasury closely monitors and for which solutions are developed.
What do we expect from you?
During your internship, you will typically take up 2 to max 3 roles which will allow you to get acquainted with different aspects of the Treasury activities, a.o. development of new strategies, frameworks & processes, bringing strategic messages towards senior management... This could be in the domains of interest rate risk management, funding and liquidity, asset mix management, internal pricing, balance sheet forecasting and more.
Specific roles are allocated based on competencies and interests and are also chosen to provide for on-the-job learning opportunities.
Your key strengths?
- You are currently an actuarial science student.
- You have a broad financial interest both in banking as well as insurance and you enjoy having an overarching view over different domains;
- You are a team player with an open analytical mind;
- You are eager to learn;
- You have the ability to develop sustainable collaborations with stakeholders (e.g. local treasurers, other group functions). Such collaboration is based on mutual respect and open communication. Conflicting points of view are raised and solved, not avoided;
- You have a can-do, pragmatic, attitude focused on achieving meaningful results, also when this means having to make some compromises;
- You are able to work independently in an effective way;
- You are fluent in spoken and written English
What can we offer you?
We offer:
- Training- and development opportunities;
- A contract of limited duration with a market compliant wage and an extensive offer of fringe benefits;
Additionally...
- Our headquarters can easily be reached by public transportation.
- We offer flexibility to match your internship with your Masters. The work regime can to some extend be adapted in function of your curriculum.
Can you help us make the difference?
The Treasury department offers a challenging environment at the heart of the bank providing a helicopter view on all aspects where actions have a direct and substantial impact. Solving intricate problems in an accessible manner, is at the core of my job putting data at the center of what we do. Given the multifaceted nature of the Treasury and ALM Manager role, taking into consideration the many interlinkages and managing different stakeholders are vital.
Wouter Hertegonne
Respect and inclusion are core values at KBC. We believe that the individuality of our employees and the diversity of our teams are key to achieving great things. That’s why we recruit new employees based on talent and motivation, regardless of their background or story.
We work closely together to be the reference in the financial sector by innovating, greening and connecting. Interested in joining a ‘Top Employer’ and contributing to new ideas and solutions that help our customers and society move forward?
If this ticks all your boxes, apply now so we can get to know you. And if there are any specific things you’d like us to consider in your application, please let us know. We look forward to hearing from you soon!
