Job Purpose
The job holder will be responsible for identifying
treasury funding gaps and developing funding proposals, analysis of treasury
activities, processing treasury transactions in the treasury management system,
analyzing treasury risk and reporting. The role will also provide wider support
to all of the Bank’s treasury middle-and-back office activities to ensure
segregation of duties at all times. The role is responsible for providing an
analysis, development and optimisation of balance sheet management strategies
with a view to ensure that there is a robust risk and control management
framework to cover market risk and treasury operational risks within the risk
appetite set by ALCO. He/she will also be responsible for monitoring,
reconciling and reporting on the P&L account.
Key Responsibilities
Independent Risk controller
- P & L Reconciliation
- Re-evaluation of data and Deal control
- Audit and Financial Control
- Treasury Reporting
- Risk & Compliance
Records Management
Independent Risk Controller
- Identify all material risk factors related to credit,
operational, market and liquidity risk e.g. C/party exposures, procedures,
inflation, interest rates, exchange rates, etc and to be able to quantify
the effect thereof on the existing positions daily;
- Ensure that the overall Bank and treasury stays within
regulatory limits set by the Regulator and internal limits through daily
accurate reporting;
- Provide expert advise during roll out of new treasury
products/ treasury technology.;
- Analyzing and modelling treasury risks i.e. interest rate
risk, FX risk (transaction and translation), commodity risk etc;
- Review the current treasury policy and propose any changes
that may add value to the policy and the wider treasury function of the
Bank;
- Monitor compliance of all treasury activities relative
to policies and market best practices;
- Maintaining the treasury risk register and ensuring it is up
to date at all times and effectively communicated and that actions are
taken by relevant stakeholders;
- Championing the Bank’s bank account management process i.e.
opening, maintenance and closing of bank accounts;
- Monitor and measure the compliance of portfolio risks within
the trading book, AFS book or HTM book with an eye on limits and
guidelines set internally and by the regulator daily.
P&L Reconciliation
- Daily compute the contribution of each product, dealer and
transaction to the P&L of the bank and report to stakeholders through
a P&L tracker;
- Verify that reported daily positions are correct and that the
treasury position reconciles with the general ledger;
- Reconcile the P/L report daily (Both FX & MM) and escalate
off market trades, Canceled & Amended trades or any issues to
Financial Risk and Treasury;
- Obtain daily P/L report estimates and P/L report sign offs
from Treasury and keep track of the same;
- Management of Month-end FCY PL sweeps by notifying dealers of
possible Position impact while ensuring no PL impact;
- Championing the bank’s treasury deals confirmation
(including confirmation matching) and settlement processes.
Revaluation data & Deal Control
- hampioning the accounting valuation/revaluation processes of
all treasury instruments i.e. mark-to-market valuations of all financial
instruments;
- Report the outcomes of each measure of risk (Interest,
liquidity or exchange) to immediate supervisor in accordance with set
policies and procedures. E.g. NOP (net overnight open position), PVO1,
MTM, NII, VAR etc;
- Daily report on the CBK and Nostro closing balances to the
immediate supervisor to ascertain efficient placement of funds;
- Management of Inter-desk Funding between the ALM desk and
Trading desks (Fixed Income/FX);
- Daily verification of End of Day rates as well as End of month
Fixed Income and FX revaluation;
- Ensure appropriate deal booking policy/models are used by the
TFO especially on rollout of new products and new systems;
- Assist to maintain day-end and month-end data to enable
reporting on current and historical compliance or non-compliance with
limits and guidelines, with appropriate commentary over daily, weekly,
monthly, quarterly or annual periods;
- Off Market Rate Deal reporting across all asset classes (FX,
Money Markets, and Securities) by jointly with Market Risk establishing
and monitoring thresholds;
- In liaison with Risk, Capture End of Day Market Rates for FX
(including swap points for valuation of FX swaps and Forwards) in T-24
system or treasury transaction processing system;
- In Liaison with Risk, Capture End of Day Market Rates for
Securities Held and Fair Value Through PL or OCI, in T-24 system or
treasury transaction processing system;
- Exception reporting for Deals Cancelled and amended with PL
impact for fair valued assets (FX and Securities).
Audit and Financial Control
- Through daily reporting; give prompt attention to risk
exposures & breaches of limits and guidelines, including the
development of risk mitigation strategies;
- Report daily on limits utilization, counterparty lines
utilization, product breaches and trading limits breaches;
- Ensuring that all external debt and interest is properly
accounted for and correctly reported on the company’s financial statements
and working in conjunction with the finance function as required;
- Ensure Compliance with International Accounting Standards and
International Financial Reporting Standards;
- Assist in analysis, investigation and closure of any audit
issues highlighted in treasury;
- Conduct independent valuation of all Treasury products e.g.
Interest Rate swaps, Forwards, FX Swaps, Bonds, Options, Overnight Index
Swaps etc.;
- Championing the treasury function’s audit process for both
internal and external audits including liaisons on an audit follow-up
points;
- Ensure close liaison with other areas internal and external of
Finance to ensure consistent adherence to policies and procedures.
Treasury Reporting
- Championing the treasury function’s reports pack preparation
for various stakeholders i.e. board packs, due diligence packs, investors
roadshow packs, new relationship report packs etc;
- Prepare Models that help with product revaluation, Sensitivity
analysis, Scenario Analysis, Stress testing to help with budgeting, MIS,
ALCO decisioning;
- Produce TMO Pack documenting movements and highlighting
P&L and Balance Sheet trends across the bank’s Treasury Products and
Industry;
- Act as the contact person for treasury products internal and
external reviews;
- Coordinate resolution of issues with cross functional teams,
including front office, market risk, and operations;
- Provide support in preparation of business cases for new
opportunities and products for the Treasurer to be presented to Asset
Liability Committee (ALCO);
- Design/re-engineer exception-based Treasury reporting.
Risk & Compliance
- Attend training and maintain knowledge of and comply with all
bank policies and procedures including Anti Money Laundering/Countering
Financing of Terrorism/Countering Proliferation Financing laws, rules and
regulations;
- Participate or undertake Anti Money Laundering/Countering
Financing of Terrorism/Countering Proliferation Financing bank programs on
a regular basis e.g. taking attestations, self-assessment tests, filling
in compliance questionnaires as required;
- Comply and not to knowingly participate or assist in any
violation of Anti Money Laundering/Countering Financing of
Terrorism/Countering Proliferation Financing laws, rules, regulations or
internal policies, procedure and guidelines;
- Report suspected money laundering cases to their respective
heads of units or to the Money Laundering Reporting Officer as soon as
such incidents occur immediately with a clear basis of suspicion;
- Avoid Misrepresentation and Malicious Reporting – knowingly
making a false, fictitious or fraudulent representation e.g. statement,
report, document;
- Not provide advice or other assistance to individuals who
attempt to violate or avoid Anti Money. Laundering/Countering Financing of
Terrorism/Countering Proliferation Financing laws, rules, regulations or
corporate policies;
- Respond to all AML/CFT/CPF queries when requested by
Compliance Unit to allow the bank to comply with the requirements of The
Anti-Money Laundering and Combating Financing of Terrorism Amendment Act;
- Co – operate fully with regulators and law enforcement agents
and make available required documents and information.
Academic Background
- A first Degree in a relevant discipline i.e. accounting,
financial management, economics, numerical or other scientific related
disciplines.
- Advanced degree is an added advantage.
Work Experience
- A minimum of 5 years’ experience working in a treasury
function either in a financial or corporate institution, preferably in the
financial services industry.
- At least three years banking experience with exposure to
Treasury function – front, middle or back office functions.
Skills & Competencies
- Practical Knowledge of Treasury products and Treasury risk
management systems and operational processes with demonstrable skills
application of market risk management methodologies and tools;
- Good communication skills with strong personality and ability
to work with minimum supervision;
- Solid grounding in financial systems database methodologies
and financial modelling;
- Solid experience in working with Treasury Management Systems;
- Advanced Excel skills and computer literacy (e.g. SQL, Crystal
Reports);
- Prompt and accurate reporting for decision making;
- Timely production of exception reports and explanation of
dealer estimates vs actuals.
Professional Certification
- Qualified accountant (CPA/ACCA or their equivalent); member of
ICPAK
- Recognized Professional Qualification in Treasury will be a
strong added advantage.
- ACI accreditation or Risk Management certification. CPA/ACCA
qualification is desirable.
How To Apply
