Head of Treasury Execution Job Opportunity at Absa Bank

Head of Treasury Execution Job Opportunity at Absa Bank

Head of Treasury Execution Job Opportunity at Absa Bank

Absa Group Limited

Dar es Salaam

Empowering Africa’s tomorrow, together…one story at a time.

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.

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Job Summary

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 (Banking Book). The role holder is responsible to ensure that all risks are managed in line with the respective dealing mandates and respective policies and procedures.

Job Description

Main accountabilities and approximate time split

In respect of the bank’s liquidity management, undertake the following actions:

Funding Curve/Book Ownership and Structure

Develop local currency funding curves based on market factors and internal balance sheet structure.
Drive strategy on local versus hard currency funding act as centre for review and challenge for business.
Set-up Treasury Funding Execution books and Treasury Execution Services (TES) Investment books and ensure full ownership of trades, bookings, P&L and Risk
Ensure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner.
Develop 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 behaviour based on the balance sheet structure.
Interact with business (Corporate, Business Banking and Retail) to ensure funding curve is appropriate for business strategy and provide training to business on funding curve construction.

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 manner.
Ensure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into account.
Develop 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 market.
Represent TES on country / regional ALCOs as necessary do provide feedback on net risk positions and resultant Funding curve incentives.
Provide country insight into stress testing and work with country liquidity managers to highlight jurisdiction / country specific issues.
Work with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best 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
Take Full ownership of TES risk positions, P&L generated, and actively manage both.

TES Reporting

Daily dashboard submission to Country Management and ARO Treasury to include Liquidity, PV01, P&L flash
Weekly liquidity conditions update (Daily in times of stress), including risk metrics.
Monthly balance sheet updates on key liquidity and market risk metrics
Local Currency Funding curves presented monthly at ALCO’s
P&L explanations of TES book and ownership of the flash process
Desk level risk reports IR01
Explain DVar in relation to TES positions.

Financing for the Firm

Create wholesale funding franchise in Local Currency
Establish customer base and work with Sales to originate funding
Publish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding execution
Work with regulators and other interbank participants to develop the Money Market in country.
When required, work with DCM to issue senior debt in country

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Approvals

Absa’s 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:

• Trust
• Resourceful
• Stewardship
• Inclusive
• Courage

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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