Head – Treasury Execution Services at Absa Bank Limited

Job Description (adsbygoogle = window.adsbygoogle || []).push({}); Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.Job SummaryTo plan, manage and monitor the implementation of treasury management and trading related activities and processes in order to deliver on approved operational plans in an effective and efficient manner.Job Purpose.The role holder will have specific accountability for the Treasury Execution and Investment functions, focusing on executing all Funding and Investment needs of the Country and the day-to-day management of the Market, Liquidity and Credit Risks that lie within the Treasury Book.Key AccountabilitiesDAILY LIQUIDITY MANAGEMENTKey actions to include:Funding Curve/Book Ownership and Structure Develop local currency funding curves based on market factors and internal balance sheet structureSet-up Treasury Funding Execution books and Treasury Execution Services (TES) Investment books and ensure full ownership of trades, bookings, P&L and RiskEnsure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner TES Risk Management Liaise with Country liquidity risk and ALM managers to ensure that all relevant businesses are transfer priced according to the Transfer Pricing policy in a consistent, transparent and fair mannerEnsure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into accountDevelop 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 marketProvide country insight into stress testing and work with country liquidity managers to highlight jurisdiction / country specific issuesWork with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best commercial outcomeWork with Finance to implement hedge accounting solutions in each country to better enable economic hedging of liquidity, whilst minimizing MTM accounting volatilityTake Full ownership of TES risk positions, P&L generated, and actively manage both TES Reporting Weekly liquidity conditions update (Daily in times of stress), including risk metricsMonthly balance sheet updates on key liquidity and market risk metricsLocal Currency Funding curves presented monthly at ALCO’sP&L explanations of TES book and ownership of the flash processDesk level risk reports PV01Explain DVar in relation to TES positions Financing for the Firm Create wholesale funding franchise in Local CurrencyEstablish customer base and work with Sales to originate fundingPublish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding executionWork with regulators and other interbank participants to develop the Money Market in countryWhen required, work with DCM to issue senior debt in country LONG TERM FUNDINGKey actions to include: Working with the local team on the issuance of (where appropriate): Unsecured funding (senior and subordinated capital) Secured funding (securitization)Managing the bond maturity (refinance) profile Identifying new funding sources and diversification opportunities INVESTMENTKey actions to include: Manage Surplus Liquidity and Liquidity Buffers to optimize risk / returnInvestment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions.Formulate and implement efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm.Enhance portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines.Detailed MI on portfolio composition and performance and drivers of performance. ALCO PROCESSKey actions to include: Supporting the Head of Balance Sheet Management in managing the banks ALCO processTimely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)Co-ordination of contributions and business proposals on behalf of ALCO members PERSONAL DEVELOPMENTKey actions to include: Actively managing one’s own technical and soft skills developmentResearching, identifying and proposing training solutions to management for one’s own development Preferred Education University Degree in Accounting, Business Administration, Statistics, Economics, Mathematics or any other relevant field.ACI Dealing CertificateA Master’s degree and any other professional experience like ACCA, CFA is an added advantage. Preferred Experience Experience in Money Market and Fixed Income TradingExperience in Treasury Governance with a track record of ability to perform across businesses segments.Understanding of the policies, procedures and ethical requirements of a Treasury environment Knowledge and skills: (Maximum of 8) Good understanding of the balance sheet and income statementUnderstanding of the policies, procedures and ethical requirements of a Treasury environmentA good understanding of liquidity risk management.Knowledge of financial markets and economic fundamentalsProficiency in MS Excel, Reuters/Bloomberg.Subject matter expertise and relevant experience (banking and Treasury)Leadership and team managementExcellent communication and negotiation skills Competencies: (Maximum of 8 competencies) Deciding and initiating actionLearning and researchingEntrepreneurial and commercial thinkingRelating and networkingAdapting and responding to changePersuading and influencingCreating and innovating