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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 Balance Sheet Management functions of Asset and Liability Management, Execution Services, Investment, Liquidity and Funding, and Capital.
\nJob Description
\nKey Responsibilities:
\nCAPITAL MANAGEMENT 20%
\nKey actions to include:<\/p>\n
Supporting the Country Treasurer in managing the banks\u2019 capital position
\nEnsuring 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
\nSupporting the Country Treasurer in compiling 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
\nSupporting initiatives in the move to a Basel III regulatory environment<\/p>\n
ASSET & LIABILITY MANAGEMENT (ALM) 20%
\nKey actions to include:<\/p>\n
\u00a0Supporting the Country Treasurer in managing the banks ALM process
\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 behavioural assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines<\/p>\n
FUNDS TRANSFER PRICING (FTP) 15%
\nKey actions to include:<\/p>\n
Supporting the Country Treasurer in managing the banks FTP process
\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
ALCO PROCESS 20%
\nKey actions to include:<\/p>\n
Supporting the Country Treasurer in managing the banks ALCO process
\nTimely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
\nCo-ordination of contributions and business proposals on behalf of ALCO members
\nSupporting Country Treasurer in executing the functions of ALCO Secretary<\/p>\n
LIQUIDITY & FUNDING 20%
\nKey actions to include:<\/p>\n
Daily management of bank\u2019s Liquidity and Funding and sharing the daily end of day position to Treasury management
\nSupporting the Head of Treasury execution in formulating strategies to manage banks Liquidity and Funding position Optimally.
\nEnsuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
\nSupporting the Treasury management in compiling 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
PERSONAL DEVELOPMENT
\nKey actions to include:<\/p>\n
Actively managing one\u2019s own technical and soft skills development
\nResearching, identifying and proposing training solutions to senior management for one\u2019s own development<\/p>\n
Risk and Controls Objectives
\nManage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture<\/p>\n
Understanding 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. Proactively 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.
\nAll mandatory training completed to deadline<\/p>\n
Knowledge of the Bank\u2019s products, services, and policies and\/or another specialized knowledge required to undertake the role:
\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 perform balance sheet behavioralists
\nAbility to ftp pricing curves and drive desired balance sheet behaviour<\/p>\n
Absa Values
\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
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