Treasury Execution Services Manager Full-Time

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Job Summary

Ensure that all activities and duties relating to Treasury Execution Services (TES) are carried out in full compliance with local regulatory requirements, Group requirements, Enterprise Wide Risk Management Framework and internal ABSA Policies and Standards.

To be accountable for the TES, focusing on executing the separate and distinct mandates as they relate to the Banking Book. Ensuring that all risks are managed in line with the respective mandates and the respective policies and procedures, with special focus being placed on the management of the Investment portfolio, funding and liquidity of the Bank.

Job Description

To focus on driving the Treasury agenda on TES and ensuring successful delivery of Treasury objectives whilst guiding the teams to meet their objectives. This includes overall responsibility and accountability for Money Markets activities relating to the Banking Book, adequate funding of nostros, banking book investments, and execution on Treasury’s strategies on investments and Capital Management.

Key Actions Actions To Include

• Regulatory engagements when required with the Central Bank dealing room, Min. of Economy and Finance, market participants and other relevant stakeholders.
• Managing the Institutional market client relationships and maintaining strong relationships with these key external stakeholders.

Taking responsibility for proposing investment strategies and driving TES to execute ALCO and Investment Forum approved strategies.

The TES Manager Ensures The Following

• Full attendance at: ordinary and ad-hoc Investment Forum and forums as required by the country Treasurer or the CFO and as prescribed by policies;
• Reviewing and approving the reports submitted to the Investment Forum;
• Active contribution to bank strategy initiatives.

In respect of the bank’s liquidity management, being responsible and accountable for:

• Funding Curve/Book Ownership and Structure;
• TES Risk Management;
• TES Reporting.

Key Actions To Include

• Investment of Liquid Assets to meet regulatory requirements and liquidity objectives;
• Enhancing revenue and optimising funding costs by managing Surplus Liquidity and Liquidity Buffers in order to optimise risk/ return;
• Optimize daily intraday clearing by ensuring that shortages/ surpluses are funded/ invested as optimally as possible;
  • Hedging all manageable interest rate risk in the banking book through investment in qualifying liquid assets;
  • Ensure all Treasury’s funding related market facing activities including interbank/wholesale funding and intra-day liquidity management are performed within group policy;
• Assist in the implementation of FTP initiatives in-country;
• Manage the adherence to the Direct Dealing Mandate and Large Deals Policy;
• Ensure the operational execution, with ARO Treasury and local teams, the issuance of:
  • Unsecured funding (senior and subordinated capital);
  • Secured funding (securitization);
  • Management of the bond maturity (refinance) profile;
  • Identify new funding sources and diversification opportunities;
  • Investor relations & debt related investor enquiries;
• Ensuring detailed MI on portfolio composition and performance.

Key Actions To Include

• Manage the TES Desk, ensuring adherence to Funding and Liquidity policies, including Contingency Funding plans, whilst holding the responsibility of ensuring that the entity remains liquid;
• Ensuring regulatory compliance in respect of liquidity, especially with Mandatory Reserves in local and foreign currency;
• Ensuring compliance with exposure limits as sanctioned by Group Risk and in-country Risk for local and international entities;
• Being responsible for the custodianship of the bank’s Contingency Funding plans.

Key Actions To Include

• Supporting the Capital Management Desk in the execution of capital strategies;
• Support in the execution of capital transactions, including dividend payments, issuance of equity and debt capital, etc.

Key Actions To Include

Prepare monthly reports on the following:

• Key local political, social and economic developments;
• Key regional economic developments;
• Key developments in the world economy and southern Africa;
• Local inflation and other key macroeconomic indicators such as GDP, BoP, Foreign Reserves, Interest Rates, etc;
• Monetary policy and other relevant regulatory developments;
• Prepare the economic section of the Annual Financial Statements and submit for approval;
• Prepare ad-hoc economic reports as required by the Treasurer, CFO or ALCO;
• Assist the Risk team on the preparation of the economic sections of the ICAAP and Recovery Plan;
• Manage Treasury’s databases of economic indicators;
• Manage Treasury’s access to external sources of data, e.g. Fitch/BMI;
• Review and challenge of economic assumptions for the bank’s budgeting process, i.e. for RAF and STP/MTP;
• Conduct research on the fixed income market to support investment recommendations for the Banking Book.

Key Actions To Include

• Understand and manage risks and risk events (incidents) relevant to the role;
• Ensuring a strong compliance culture within the team;
• Ensuring adherence to all the policies and procedures of the bank;
• Ensuring that all deals are dealt within dealer limits (market risk limits, counterparty limits, dealer’s mandate);
• Ensuring high quality of service to all internal and external stakeholders (reputational Risk);
• Ensuring that the Capital Risk policies and standards are reviewed, approved and implemented in accordance Absa’s guidelines;
• Contribute on the preparation of Treasury’s CPA on all Capital Risk related matters, guaranteeing the closure before due dates of any issues raised at the review of the process;
• Assist in the management of Treasury’s EUDA’s register;
• Assist in the management of Treasury’s BLOR’s.

Key Actions To Include

• 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).