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With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.<\/p>\n
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\nJob Summary
\nTo be responsible for the in-country Treasury Governance functions of Asset and Liability Management, Liquidity and Funding, and Capital.
\nJob Description
\nKey responsibilities and approximate time split :
\nAccountability:\u00a0 Capital Management: 20% <\/p>\n
Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
\nEngaging with Finance teams to understand balance sheet reconciliation and trends
\nCompiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
\nDetermining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodology
\nSetting required customer returns, RoRWA and RoE in line with Board targets
\nPerforming customer pricing reviews and deriving appropriate risk pricing across all business units
\nSupporting and leading initiatives in the move to a Basel III regulatory environment
\nCo-ordinating all capital applications (including SBL dispensations and guarantee applications) ensuring quality of applications whilst managing in-country expectations<\/p>\n
Accountability:\u00a0 Asset & Liability Management (ALM): 20%<\/p>\n
Responsibility for the in-country ALM process within the guidelines set by Absa Treasury
\nAchieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) desk
\nMeasuring, analyzing, and interpreting interest rate risk in the banking book
\nPerforming margin compression analysis
\nPerforming structural analysis and adjustment of all balance sheet items
\nEnsuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines
\nAt the request of the head of Treasury, participation in country Alco\u2019s where necessary
\nParticipating in the Treasury Investment Committee<\/p>\n
Accountability: Funds Transfer Pricing (FTP): 15%<\/p>\n
Ensuring the implementation of and adherence to the Absa Africa FTP policies
\nEnsuring FTP guides business (Retail, Corporate and Trading) behaviour and immunizes businesses from market risk as far as possible
\nEnsuring Absa liquidity premiums are incorporated in all FCY pricing by business
\nMaintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
\nAs part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioural profiles<\/p>\n
Accountability: Alco Process:20%<\/p>\n
Ensuring timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
\nThe custodianship of the ALCO terms of reference
\nExecuting the functions of ALCO Secretary
\nALCO committee training on Capital, Liquidity & Funding and Risk<\/p>\n
Accountability: Liquidity Funding:20%<\/p>\n
Ensuring adherence to Funding and Liquidity policies, including Contingent Funding plans, whilst holding the responsibility of ensuring that the entity remains liquid
\nEnsuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
\nCompiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCO
\nMonitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES
\nEnsuring all behavioural assumptions from a liquidity perspective are in line with Absa Treasury guidelines
\nResponsible for the bank\u2019s Liquidity Risk Appetite setting
\nResponsible for liquidity stress testing<\/p>\n
Accountability: Personal Development:5%<\/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
Risk and Control<\/p>\n
Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
\nUnderstanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
\nAdhere to Absa\u2019s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
\nReport all risk events \/ incidents \/ issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
\n\u00a0Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
\nContinuous and proactive engagement with regulatory bodies, unions where applicable
\nAll mandatory training completed to deadline<\/p>\n
Qualifications Required (Essential)<\/p>\n
Bachelor\u2019s Degree<\/p>\n
Qualifications Required (Preferred)<\/p>\n
ACI Dealing Certificate<\/p>\n
Experience
\nEssential<\/p>\n
3-5 years\u2019 experience related experience<\/p>\n
Preferred<\/p>\n
5 to 10 years\u2019 experience in financial markets with emphasis on Treasury related experience
\nPost-graduate qualification
\nCapital management experience
\nExtensive experience in Treasury Governance with a track record of leadership and development of the function across businesses<\/p>\n
Knowledge and Skills Required
\nEssential<\/p>\n
Understanding of the policies, procedures and ethical requirements of a Treasury environment
\nKnowledge of interest rate risk management including structural and behavioural analysis
\nKnowledge of liquidity and funding risk management
\nKnowledge of capital risk management
\nKnowledge of financial markets and economic fundamentals
\nKnowledge of treasury, retail, corporate and capital markets products
\nExcel competency
\nCommunication skills<\/p>\n
Preferred<\/p>\n
A detailed knowledge of the Treasury Balance Sheet Management Understanding of banking across segments
\nAbility to influence decisions with ability to lead strategy on future initiatives
\nAbility to price and drive customer profitability discussions in line with return targets
\nKnowledge of credit process, financial accounting and IFRS<\/p>\n
Language
\nEnglish
\nSwahili
\nAbsa Values
\nApprovals
\nAbsa\u2019s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:<\/p>\n
Trust
\nResourceful
\nStewardship
\nInclusive
\nCourage<\/p>\n
Education
\nBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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