Manager, Asset and Liabiity Management (ALM)

ABOUT THE COMPANY

Equity Bank Kenya Limited, is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the central bank and national banking regulator.

JOB SUMMARY

Candidate’s Experience, Academic Qualifications and Certifications·       5+ years’ experience in Treasury or Finance, with minimum 3 years in a leadership role.·       Deep expertise in liquidity management, funding, cash pooling, balance sheet optimization, funding structures, hedging strategies, and financial markets/products.·       Must be experienced in Basel III regulatory requirements.·       Strong understanding of African financial markets, regulatory environments, and cross‑border Treasury operations.·       Proven experience with Treasury Management Systems (TMS) and related technologies.·       Advanced analytical, financial modelling and presentation skills (Excel, PowerPoint).·       Exceptional leadership, communication, and stakeholder management capability.

RESPONSIBILITIES

1.3.1.      Treasury Strategy:·       Liquidity Management: Oversee and enhance the treasury liquidity processes and activities to monitor and manage the bank’s liquidity positions including Cash Reserve Requirement (CRR) and gap analysis, ensuring that the bank maintains desired liquidity levels and no regulatory breaches.·       Interest rate risk management: Collaborate with the Country Asset and Liability Committee (ALCO) to ensure adherence to regulatory compliance requirements and mitigate potential impacts from interest rate and liquidity risks, particularly concerning IRRBB (Interest Rate Risk in the Banking Book) exposures.·       Proactive Risk Management: Anticipate market and regulatory challenges, implementing proactive strategies to manage and mitigate risks effectively. This includes developing and executing contingency plans for unforeseen events to ensure full compliance.·       Policy Development & Implementation: Partner with the CFO and Country Treasury to ensure effective execution of ALM policies, Guidelines and Product manuals.·       Balance Sheet Management: Focus on balance sheet analytics, comprehensive forecasting, and accurate financial modeling to inform strategic decision-making and ensure efficient and effective balance sheet management.·       Formulating strategies to manage banks’ Liquidity and Funding position optimally: Ensure appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile).        Risk Management:·       Risk Appetite & Limit Management: Monitor and escalate liquidity and IRRBB risks, ensuring strict adherence to approved limits and escalating breaches as necessary. Develop and implement remedial actions within the prescribed governance framework to maintain balance sheet stability.·       Risk Appetite Evaluation: Conduct in-depth evaluations of risk appetite versus risk exposure, ensuring alignment with organizational risk tolerance levels.·       Ensure adherence to ERMF: Ensure that adequate systems and process are in place to comply with Bank and country treasury policies, guidelines, product notes among others.·       Ensure compliance with bank AML Policy and Procedures: Report any suspicious activities regarding money laundering and terrorist financing and ensure not tipping off is made to the customer.·       Governance: Provide for leadership and oversight over prudent risk management practices across subsidiaries.       Processes:·       Conduct research and collaborate with subject matter experts to evaluate market dynamics and the evolving regulatory environment. Ensure alignment with international ALM best practices.·       To provide expert guidance to ALCO and other key stakeholders, leveraging best practices to ensure the successful execution of ALM strategies in line with the Bank’s Treasury Strategy.·       Ensure the integrity and reliability of data related to liquidity, FTP (Funds Transfer Pricing), capital, and IRRBB.·       Ensure maximum return on excess liquidity and minimize the Bank’s cost of deposits and cost of funding.·       Ensure maximum return on the investment securities while minimizing exposure to risks of interest rates volatility.·       Ensure effective implementation of the bank FTP Framework to drive the right balance sheet behavior and ensure that any exceptions are well-documented and approval provided before adoption.·       Collaborate with Market Risk unit, Finance, and Credit to ensure that the ICAAP and ILAAP frameworks are fit for purpose and within regulatory guidance.·       Performing margin compression analysis and structural analysis.·       Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits are within risk appetite.·       Ensure achievement of ALM budgets, and efficient management of financial resources to boost capital accretive returns.·       Manage all treasury related risks efficiently by providing oversight in Central Bank auction participation, sourcing and allocation of foreign currency, FX risk management, deal booking in accordance with treasury Code of Conduct and other governance policies.             Governance·       Ensure compliance with all bank and treasury governance policies.·       Promote an environment where compliance with internal controls and external regulatory framework is honored and central focus area of the business across multiple markets.·       Engage with auditors when required to provide the required support.·       Display exemplary conduct values by living the bank’s values and Code of Conduct.·       Take personal responsibility by promoting the highest standard of ethics, including regulatory and business conduct across our footprint.·       Identify, escalate and resolve any risk, conduct and compliance matters working closely with the Treasury Risk & control Manager 

REQUIRED SKILLS

Budgeting, financial planning, Reporting, Compliance, Corporate banking

REQUIRED EDUCATION

Bachelor's degree