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.

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 Summary

To be responsible for the in-country Treasury Governance functions of Asset and Liability Management, Liquidity and Funding, and Capital.

Key responsibilities and approximate time split :

Accountability: Capital Management: 20%

• Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
• Engaging with Finance teams to understand balance sheet reconciliation and trends
• Compiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
• Determining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodology
• Setting required customer returns, RoRWA and RoE in line with Board targets
• Performing customer pricing reviews and deriving appropriate risk pricing across all business units
• Supporting and leading initiatives in the move to a Basel III regulatory environment
• Co-ordinating all capital applications (including SBL dispensations and guarantee applications) ensuring quality of applications whilst managing in-country expectations

Accountability: Asset & Liability Management (ALM): 20%

• Responsibility for the in-country ALM process within the guidelines set by Absa Treasury
• Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) desk
• Measuring, analyzing, and interpreting interest rate risk in the banking book
• Performing margin compression analysis
• Performing structural analysis and adjustment of all balance sheet items
• Ensuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines
• At the request of the head of Treasury, participation in country Alco’s where necessary
• Participating in the Treasury Investment Committee

Accountability: Funds Transfer Pricing (FTP): 15%

• Ensuring the implementation of and adherence to the Absa Africa FTP policies
• Ensuring FTP guides business (Retail, Corporate and Trading) behaviour and immunizes businesses from market risk as far as possible
• Ensuring Absa liquidity premiums are incorporated in all FCY pricing by business
• Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
• As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioural profiles

Accountability: Alco Process:20%

• Ensuring timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
• The custodianship of the ALCO terms of reference
• Executing the functions of ALCO Secretary
• ALCO committee training on Capital, Liquidity & Funding and Risk

Accountability: Liquidity Funding:20%

• Ensuring adherence to Funding and Liquidity policies, including Contingent Funding plans, whilst holding the responsibility of ensuring that the entity remains liquid
• Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
• Compiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCO
• Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES
• Ensuring all behavioural assumptions from a liquidity perspective are in line with Absa Treasury guidelines
• Responsible for the bank’s Liquidity Risk Appetite setting
• Responsible for liquidity stress testing

Accountability: Personal Development:5%

• Actively managing one’s own and the team’s technical and soft skills development
• Researching, identifying, and proposing training solutions to senior management for one’s own and for the team’s development

Risk and Control

• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
• Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
• Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
• Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Continuous and proactive engagement with regulatory bodies, unions where applicable
• All mandatory training completed to deadline

Qualifications Required (Essential)

• Bachelor’s Degree

Qualifications Required (Preferred)

• ACI Dealing Certificate

Experience

Essential

• 3-5 years’ experience related experience

Preferred

• 5 to 10 years’ experience in financial markets with emphasis on Treasury related experience
• Post-graduate qualification
• Capital management experience
• Extensive experience in Treasury Governance with a track record of leadership and development of the function across businesses

Knowledge and Skills Required

Essential

• Understanding of the policies, procedures and ethical requirements of a Treasury environment
• Knowledge of interest rate risk management including structural and behavioural analysis
• Knowledge of liquidity and funding risk management
• Knowledge of capital risk management
• Knowledge of financial markets and economic fundamentals
• Knowledge of treasury, retail, corporate and capital markets products
• Excel competency
• Communication skills

Preferred

• A detailed knowledge of the Treasury Balance Sheet Management Understanding of banking across segments
• Ability to influence decisions with ability to lead strategy on future initiatives
• Ability to price and drive customer profitability discussions in line with return targets
• Knowledge of credit process, financial accounting and IFRS

Language

• English
• Swahili

• Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
• Engaging with Finance teams to understand balance sheet reconciliation and trends
• Compiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
• Determining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodology
• Setting required customer returns, RoRWA and RoE in line with Board targets
• Performing customer pricing reviews and deriving appropriate risk pricing across all business units
• Supporting and leading initiatives in the move to a Basel III regulatory environment
• Co-ordinating all capital applications (including SBL dispensations and guarantee applications) ensuring quality of applications whilst managing in-country expectations
• Responsibility for the in-country ALM process within the guidelines set by Absa Treasury
• Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) desk
• Measuring, analyzing, and interpreting interest rate risk in the banking book
• Performing margin compression analysis
• Performing structural analysis and adjustment of all balance sheet items
• Ensuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines
• At the request of the head of Treasury, participation in country Alco’s where necessary
• Participating in the Treasury Investment Committee
• Ensuring the implementation of and adherence to the Absa Africa FTP policies
• Ensuring FTP guides business (Retail, Corporate and Trading) behaviour and immunizes businesses from market risk as far as possible
• Ensuring Absa liquidity premiums are incorporated in all FCY pricing by business
• Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
• As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioural profiles
• Ensuring timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
• The custodianship of the ALCO terms of reference
• Executing the functions of ALCO Secretary
• ALCO committee training on Capital, Liquidity & Funding and Risk
• Ensuring adherence to Funding and Liquidity policies, including Contingent Funding plans, whilst holding the responsibility of ensuring that the entity remains liquid
• Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
• Compiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCO
• Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES
• Ensuring all behavioural assumptions from a liquidity perspective are in line with Absa Treasury guidelines
• Responsible for the bank’s Liquidity Risk Appetite setting
• Responsible for liquidity stress testing
• Actively managing one’s own and the team’s technical and soft skills development
• Researching, identifying, and proposing training solutions to senior management for one’s own and for the team’s development
• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
• Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls
• Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future
• Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented
• Continuous and proactive engagement with regulatory bodies, unions where applicable
• All mandatory training completed to deadline

• Understanding of the policies, procedures and ethical requirements of a Treasury environment
• Knowledge of interest rate risk management including structural and behavioural analysis
• Knowledge of liquidity and funding risk management
• Knowledge of capital risk management
• Knowledge of financial markets and economic fundamentals
• Knowledge of treasury, retail, corporate and capital markets products
• Excel competency
• Communication skills

• Bachelor’s Degree
• ACI Dealing Certificate