Overview

Position Title: Head of Treasury Execution

ABSA Bank

 

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Summary of Work:

The position will bear particular responsibility for the Treasury Execution and Investment Functions, with an emphasis on meeting the nation’s funding and investment requirements as well as managing the market, liquidity, and credit risks that are associated with the Treasury Book (Banking Book). It is the job holder’s duty to make sure that all risks are managed in accordance with the relevant dealing regulations, policies, and procedures.

Job Summary:

Principal responsibilities and approximate time division.

Important things to do are:

Regarding the management of the bank’s liquidity, carry out the following actions:

Book Ownership and Structure and Funding Curve.

  • Create local currency funding curves by taking into account the internal balance sheet structure and market conditions.
  • Lead the plan for funding in local vs hard currency and serve as the hub for business assessment and challenges.
  • Establish Treasury Execution Services (TES) Investment books and Treasury Funding Execution books, and make sure that all trades, bookings, P&L, and risk are fully owned.
  • Make sure that any worldwide adjustments to trade execution bookings, hierarchy setups, or curve pricing are applied as soon as possible.
  • Create and apply local currency liquidity term premiums, and make sure the FTP process incorporates these premiums to encourage appropriate behavior based on the balance sheet structure.
  • Engage in business interactions (Corporate, Business Banking, and Retail) to guarantee that the financing curve aligns with business strategy and to train businesses on the creation of funding curves.

Risk Management for TES:

  • Communicate with ALM and country liquidity risk managers to make sure that all pertinent businesses are transfer priced fairly, consistently, and transparently in accordance with the Transfer Pricing policy.
  • Make sure you fully comprehend each of the ensuing hazards, which have been assessed above, and that the funding curve has been set with the aforementioned business risks in mind.
  • Create plans to lessen the risks associated with balance sheets that are generated during regular banking operations. Achieve these goals in conjunction with ALM by offering business incentives and providing guidance on items to be introduced into the retail, commercial, and wholesale markets.
  • When required, represent TES on national and regional ALCOs and offer input on net risk positions and the ensuing funding curve incentives.
  • Give national perspective on stress testing and collaborate with national liquidity managers to draw attention to concerns that are unique to a certain jurisdiction or nation.
  • Collaborate with the company on trades to guarantee that liquidity rules are followed while maintaining the greatest possible commercial result. Collaborate with Finance to put hedge accounting strategies into place in each nation to reduce MTM accounting volatility and improve economic hedging of liquidity.
  • Assume complete responsibility for the P&L created by TES risk positions and aggressively manage them.

Reporting on TES:

  • Daily dashboard submission including PV01, P&L flash, and liquidity to Country Management and ARO Treasury.
  • Weekly update on liquidity conditions, including risk measurements (daily during stressful periods).
  • Monthly updates on market risk and important liquidity data from the balance sheet.
  • Monthly presentations of Local Currency Funding curves at ALCOs.
  • P&L justifications for the TES book and who owns the flash procedure.
  • IR01 desk-level risk reports.
  • Describe DVar in terms of jobs at TES.

Finances for the Company:

  • Establish a local currency wholesale finance franchise.
  • Create a clientele, then collaborate with sales to secure funds.
  • Post screenings for both fixed and floating deposits to encourage deposits, and collaborate with clients to guarantee a seamless daily funding execution process.
  • Collaborate with regulators and other interbank players to advance the nation’s money market.

Collaborate with DCM to issue senior debt in the nation as necessary.

Important things to do are:

  • Arranging for the issuing of in coordination with the local team (where appropriate).
  • Funding that is not secured (subordinated and senior capital).
  • Funding obtained through securitization.
  • Controlling the profile of bond maturity (refinance).
  • Locating fresh financial sources and chances for diversification.

Handling inquiries from investors regarding debt and investor relations.

Important things to do are:

  • Taking part in the Committee on Treasury Investments.
  • Optimizing risk/return via managing surplus liquidity and liquidity buffers.
  • Investment of Liquid Assets to hedge structural balance sheet positions and satisfy regulatory requirements.
  • Creating and putting into practice effective asset/tenor allocation plans while keeping an eye on the market to increase the firm’s worth.
  • Increasing portfolio yield in comparison to benchmark hedges supplied by the company while adhering to market risk regulations.

Assembling and disseminating thorough MI on the performance, composition, and drivers of a portfolio.

To be responsible for Treasury Trading and related tasks, with an emphasis on carrying out all FX, Bond, and Equity trading as needed, all the while meeting targets for income and business unit expansion.

Ensuring the following actions are taken by the traders:

The production of trading income with the aim of fulfilling goals related to income and business unit expansion. pricing disclosed to sales dealers and the interbank market. ensuring compliance with dealing mandate, relevant rules and processes, and the management of all risks within the corresponding portfolios (adherence to market risk limits, credit risk limits, tenor limitations).

Important things to do are:

  • Creating and implementing trading plans in compliance with the trading mandate, the ARO Treasury trading plan, and the Treasury strategy.
  • Approving the way trading tactics are carried out.
  • Spotting trade opportunities with risk-adjusted greater returns and anticipating market movements.
  • Ensuring that the trade and everyday transactions follow the aims and objectives established for the business unit.
  • Collaborating closely to assist the rollout of Risk Management Products (RMPs) with the Africa Trading Desk and Africa Sales.
  • Assessing each trader’s performance based on their attempts to expand their trading franchise, business development, income, and connections with counterparties and the regulator.
  • Briefing the treasurer, the sales team, and the larger treasury team on a regular basis with market intelligence and movements.
  • Creating a daily flash P&L by the deadline, per ARO Trading’s recommendation.
  • Forming productive working connections with regulators and financial counterparties (as is suitable).

Important things to do are:

  • Directing the RAF, MTP, and trading STP budgets’ yearly planning and assessment.
  • Recommending and approving dealer mandates for the Country Treasurer’s additional permission before exposing them to risk.
  • Looking over P&L and daily risk reports.

Important things to do are:

  • Actively overseeing the growth of one’s own technical and soft abilities as well as those of the team.
  • Investigating, determining, and putting forward to senior management training options for both individual and team growth.

Exhibiting the Absa Values of Stewardship, Excellence, Integrity, Respect, and Service in all that one does.

Goals for Risk and Controls:

By implementing relevant risk frameworks and fostering a good risk culture, you may effectively manage risk and control.

  • Recognize your personal place in the overall processes that you participate in, taking into account any relevant risks and controls.
  • Respect Barclay’s policies and procedures that are relevant to your individual work while exhibiting good judgment and conscientious risk management.
  • Use the procedure that has been established for your business sector to report any risk occurrences, incidents, or problems. This will help you determine why these things happened and how to avoid them in the future. Consider what can go wrong in the processes you run and how mistakes could be avoided as you proactively search for methods to enhance the control environment.
  • All required training was finished on time.

Technical aptitudes and talents.

Individual Qualities:

  • Knowledge of the rules, regulations, and moral standards that apply in a Treasury setting.

Competencies needed to take on the leadership role:

  • Proficiency in the subject and pertinent experience in banking and Treasury.
  • Both group management and leadership.
  • Abilities in negotiations.
  • An effective communicator who can explain the benefits of liquidity control and provide value to
  • Stakeholders in the organization.
  • Meeting performance objectives: producing outcomes.
  • Being informed about market developments.
  • Attaining superior practices & elevated standards.
  • Having knowledge of the Treasury Business Model.
  • Competent money management abilities.
  • Knowledge of the operational procedures and controls in treasury.
  • Proficiency in Excel.

Crucial and ideal Experience:

  • ACI.
  • Combating Money Laundering.
  • Sanctions.
  • Enhancement of Performance.
  • Principles.
  • Sales methods and abilities.
  • Absa recommended instruction.
  • Instruction in risk management (market, credit, and operational risks).

Absa Values.

Acceptances (Approvals).

The collection of principles that guide the behavior of all of us who work for the bank and by which each of us is evaluated and rewarded for our contributions is represented by Absa’s Values and Behaviours:

  • Have faith.
  • Inventive.
  • Taking care of others.
  • Inclusive.
  • Bravery.

Education:

Advanced Diplomas and Bachelor’s degrees: Business, commerce, and management studies are prerequisites for bachelor’s degrees.

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