Treasury Execution Services Manager

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Job Summary

To be accountable for the Treasury Execution and Investment functions, focusing on executing all Funding ( Both foreign currency accounts, Local currency clearing accounts at Central Bank, cash and any other inter-bank or Central Bank account funding at such a time as determined by market or central Bank) and Investment needs of the Bank and the day-to-day management of the Market, Liquidity and Credit Risks that lie within the Treasury Execution Portfolio.

Job Description

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 in the Bank and act as 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 behavior based on the balance sheet structure

• Interact with business (Corporate, Business Banking and Retail) to ensure funding curve is appropriate for business strategies and provide training to businesses on funding curve construction

• Cash flow management reports where applicable and daily and long-term view cash flow projections

• Direct Dealing and Large deals management in liaison with Business Functions and establishing relationships with large fund providers.

TES Risk Management:

• Liaise with FLM 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 with insight into stress testing and work with Treasury ALM manager to highlight jurisdiction / country specific issues

• Work with businesses on trades, to ensure compliance with liquidity regulations, whilst ensuring the best commercial outcome Work with Finance to implement hedge accounting solutions to better enable economic hedging of liquidity, whilst minimizing MtM accounting volatility, including hedging of Country FX risk in the Banking Book

• Take Full ownership of TES risk positions, P&L generated, and actively manage both

Financing for the Firm:

• Create wholesale funding franchise in Local Currency

• Establish customer base and work with Sales/Business Functions to originate funding

• Publish Fixed and Floating deposit screens to attract deposits and work with businesses 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 Debt Capital Markets (DCM) to issue senior debt in country

• Coordinating with the local team 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

• Managing Investor relations & debt related investor enquiries

Investment:

• Participating in the Treasury Investment Committee

• Ensure optimal portfolio returns within investment committee mandates and strategy (liquidity first objective, IRR management second objective, optimization third objective in order of priority);

• Managing Surplus Liquidity and Liquidity Buffers to optimise risk / return

• Investment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions

• Formulating and implementing efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm

• Enhancing portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines

• Compiling and distributing detailed MI on portfolio composition and performance and drivers of performance

Risk & Control/ Risk Management:

• Ensure that the bank’s investments are managed within IRRBB limits;

• Conduct a monthly investment Committee and ensure that:

  • investment committee pack is done timely and minutes signed
  • Investment decisions are made in line with the committee’s mandate and Terms of reference.

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Operational Risk Framework and internal Absa Policies and Standards.

Specifically on Regulatory Compliance:

• Ensure compliance with Central Bank reserve requirements for both local and foreign currency

• Ensure compliance with Central Bank Core Liquid Asset requirements

• Ensure compliance with Central Off shore placement limits.

Leadership:

• Supporting the TES team in achieving its objectives.

• Providing on-the-job training to the TES team.

• Ensuring that the TES team get the external training required for Treasury, including the ACI Dealing Certificate.

• Facilitating the process of settling-in of new joiners and graduates.

• Driving the teams to exceed their personal and team goals.

• Assisting in the career development of the one-downs.

• Tutoring and coaching when required.

• The TES Manager is also responsible for the following:

• Assist in hiring and retaining the Best People.

• Implementing strategies to ensure that the business unit attracts, retains and develops talent.

• Establishing and maintaining a succession plan for key roles in TES.

• Managing the team Performance Development process to ensure measurement against business objectives and to address non-performance.

• Contribute in the negotiation of Service level Agreements with supporting business unit heads (CIB, RBB, Operations, Risk) with the focus on performance turnaround.

• Driving a culture of proactive compliance and risk management within the team.

Education

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