Head of Capital & Balance Sheet Management

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Job Summary

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

Job Description

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

Absa Values

Approvals

Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

• Trust
• Resourceful
• Stewardship
• Inclusive
• Courage

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)