NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.
\nJob Summary
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\nTo support the Head of Treasury in and be accountable for Funding and Liquidity Management, Short Term Investments, ensuring liquidity and funding risks are managed in line with the allocated mandates and the respective internal and regulatory requirements, policies and procedures. Be a key player in the overall Treasury Asset and Liability Management(ALM) process, Funds Transfer Process(FTP), ALCO process, FX Risk in the Banking Book and IRRBB.
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\nJob Description\u200b
\nLIQUIDITY MANAGEMENT 50%
\nIn respect of the banks liquidity management, undertake the following actions:
\nOptimal management of the bank\u2019s Liquidity and Funding in line with bank\u2019s risk appetite and within regulatory framework.<\/p>\n
Play a principal role in the annual integrated planning process to ensure the bank\u2019s funding plan and funding sources are aligned to and able to support the bank\u2019s ambition.
\nFunding Curve\/Book Ownership and Structure<\/p>\n
Develop local currency funding curves based on market factors and internal balance sheet structure
\nDrive strategy on local versus hard currency funding in each country and act as review and challenge for business
\nSet-up Funding & Short Term Investments (FSTI) books and ensure full ownership of trades, bookings, P&L and Risk on the Banking book and Investment portfolio.
\nEnsure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner
\nDevelop and implement liquidity term premiums in local currency and ensure that these premiums are embedded in the FTP process in order to incentivize the correct behavior based on the balance sheet structure
\nInteract with business (Corporate and Retail) to ensure funding curve is appropriate for business strategy and provide training to business on funding curve construction<\/p>\n
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\nFSTI Risk Management<\/p>\n
Liaise with Country liquidity risk and ALM\u00a0 managers to ensure that all relevant businesses are transfer priced according to the Transfer Pricing policy in a consistent, transparent and fair manner
\nEnsure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into account
\nDevelop strategies to reduce the balance sheets risks created in the normal course of banking business. Together with ALM, achieve these strategies by incentivizing business and by advising on products to be rolled out in the Retail, Commercial and Wholesale markets
\nRepresent FSTI on country \/ regional ALCOs as necessary do provide feedback on net risk positions and resultant Funding curve incentives
\nProvide country insight into stress testing and work with country liquidity managers to\u00a0 highlight jurisdiction \/ country specific issues
\nWork with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best\u00a0 commercial outcome. Work with Finance to implement hedge accounting solutions in each country to better enable economic hedging of liquidity, whilst minimizing MtM accounting volatility
\nTake Full ownership of FSTI risk positions, P&L generated, and actively manage both<\/p>\n
Job listings
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\nFSTI Reporting<\/p>\n
Weekly liquidity conditions update (Daily in times of stress), including risk metrics
\nMonthly balance sheet updates on key liquidity and market risk metrics
\nLocal Currency Funding curves presented monthly at ALCO\u2019s
\nP&L explanations of FSTI book and ownership of the flash process
\nDesk level risk reports IR01
\nExplain price testing and bid-offer results
\nOther reports and Dashboards compilation and submission.<\/p>\n
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\nFinancing for the Firm<\/p>\n
Create wholesale funding franchise in Local Currency
\nEstablish customer base and work with coverage to originate funding
\nPublish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding execution
\nWork with regulators and other interbank participants to develop the Money Market
\nWhen required, work with DCM and Long-Term Funding to issue senior debt and raise long-term bilateral funding.<\/p>\n
Job listings
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\nINTERNAL AND REGULATORY COMPLIANCE 30%
\nKey actions to include:<\/p>\n
Manage funding and liquidity in compliance with internal and regulatory requirements.
\nEnsure a dynamic desk that promptly adopts to changing regulatory environment.
\nEnsure all applicable internal and regulatory reports are timely completed and submitted
\nObserve cut-off times and other central bank restrictions.<\/p>\n
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\nINVESTMENT 15%
\nKey actions to include:<\/p>\n
Participating in the Treasury Investment Committee
\nSupport the ALCO process as part of the secretariat.<\/p>\n
Managing Surplus Liquidity and Liquidity Buffers to optimize risk \/ return
\nInvestment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions
\nObserve portfolio benchmarking rules when tabling investment proposals
\nFormulating and implementing efficient asset\/tenor allocation strategies by staying close to the market and enhancing value for the firm
\nEnhancing portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines
\nCompiling and distributing detailed MI on portfolio composition and performance and drivers of performance<\/p>\n
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\nPERSONAL DEVELOPMENT 5%<\/p>\n
Key actions to include:<\/p>\n
Actively managing one\u2019s own and the team\u2019s technical and soft skills development
\nResearching, identifying and proposing training solutions to senior management for one\u2019s own and for the team\u2019s development<\/p>\n
In everything one does, always demonstrate the NBC Values.
\nPerform all other duties as reasonably assigned by Line Manager.
\nFORMAL LEARNING REQUIRED
\nEducation Level:
\nGraduate
\nQualifications Required (Essential)
\nBachelor\u2019s Degree
\nQualifications Required (Preferred)
\nACI Dealing Certificate
\nEXPERIENCE REQUIRED
\nEssential
\n2-3 years experience in a core Treasury role.
\nPreferred<\/p>\n
Market Making experience
\nMoney Market and Funding experience
\nManagement experience
\nTrading experience
\nIn-depth trading knowledge \/ experience of\u00a0local market Rates and FX products
\nALM experience
\nUnderstanding of FTP<\/p>\n
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\nKNOWLEDGE AND SKILLS REQUIRED
\nEssential<\/p>\n
Understanding of the policies, procedures, controls and ethical requirements of a Treasury environment
\nCashflow Management skills;
\nIntermediate to Advanced Excel competency
\nUnderstanding of Money Market, Capital Market and Foreign Exchange Instruments and Pricing.
\nUnderstanding of political, geo-political, social and economic activities and its impact on inflation rate, exchange rates and interest rates
\nPerformance Imperatives:<\/p>\n
delivering results;
\nbeing aware of market trends;
\nbusiness acumen
\nachieving high standards & best practise;<\/p>\n
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\nQualifications
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\nAnalytical Thinking \u2013 Advanced (Meets all of the requirements), Bachelor`s Degrees and Advanced Diplomas \u2013 Business, Commerce and Management Studies, Decisiveness (Meets all of the requirements), Digital familiarity (Meets all of the requirements), Entrepreneurial thinking (Meets all of the requirements), Experience in a similar environment at junior specialist level, Investment Management (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development)
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