Overviewempowering 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.my career development portal: wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are absa. You are possibility.job summaryto 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 descriptionfunding curve/book ownership and structuredevelop local currency funding curves based on market factors and internal balance sheet structuredrive strategy on local versus hard currency funding in the bank and act as review and challenge for businessset-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 mannerdevelop 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 structureinteract with business (corporate, business banking and retail) to ensure funding curve is appropriate for business strategies and provide training to businesses on funding curve constructioncash flow management reports where applicable and daily and long-term view cash flow projectionsdirect dealing and large deals management in liaison with business functions and establishing relationships with large fund providers.tes risk managementliaise 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 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 sheet 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 marketrepresent tes on country / regional alcos as necessary to provide feedback on net risk positions and resultant funding curve incentivesprovide country with insight into stress testing and work with treasury alm manager to highlight jurisdiction / country specific issueswork 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 booktake full ownership of tes risk positions, p&l generated, and actively manage bothfinancing for the firmcreate wholesale funding franchise in local currencyestablish customer base and work with sales/business functions to originate fundingpublish fixed and floating deposit screens to attract deposits and work with businesses to ensure smooth process of daily funding executionwork with regulators and other interbank participants to develop the money market in countrywhen required, work with debt capital markets (dcm) to issue senior debt in countrycoordinating with the local team the issuance of (where appropriate):unsecured funding (senior and subordinated capital)secured funding (securitization)managing the bond maturity (refinance) profileidentifying new funding sources and diversification opportunitiesmanaging investor relations & debt related investor enquiriesinvestmentparticipating in the treasury investment committeeensure 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 / returninvestment of liquid assets to meet regulatory requirements and serve as a hedge for structural balance sheet positionsformulating and implementing efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firmenhancing portfolio yield relative to benchmark hedges provided by business within market risk guidelinescompiling and distributing detailed mi on portfolio composition and performance and drivers of performancerisk & control/ risk managementensure 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 signedinvestment 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 complianceensure compliance with central bank reserve requirements for both local and foreign currencyensure compliance with central bank core liquid asset requirementsensure compliance with central off shore placement limits.leadershipsupporting 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.educationbachelor`s degrees and advanced diplomas: business, commerce and management studies (required)
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