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.
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Job Summary
The Head – Balance Sheet Management is a critical role to the Bank’s Treasury function and is responsible for the management, allocation and pricing of the Bank’s funding, ensuring effective compliance with regulatory and Board requirements, funding strategy optimization and funding cost management.
Job Description
Key Accountabilities:
- Lead the management and pricing of Bank’s funding and liquidity risk positions and funding plans, providing a proactive view of potential funding risks and funding support required across the Absa Bank Kenya (ABK) Businesses to ALCO
- Provide subject-matter- expertise to the Bank and its Businesses on setting funding strategies and funding targets that should be considered and implemented to enhance Primacy and optimize funding costs
- Optimize funding strategies and plans to support market share growth; returns and cost reductions, engaging with ALCO and Business Heads ensuring a resilient liquidity risk position
- Lead of Funding and Liquidity Management (FLM) engagements in the Bank and with ARO Treasury Centre advising on strategic planning requirements; determining the foreign currency funding support required from Group and preparing updates to the Country ALCO and the Board as part of the integrated planning process
- Lead the engagement with ABK Global Markets, ensuring funding limits and exposures are effectively implemented and monitored, in support of Business growth and compliance with Board-level liquidity requirements
- Oversee the BA610 Liquidity risk reporting; support related SARB discussions; and ensure alignment with Group FLM requirements. Ensure accurate and timely reporting and explain movements in funding and liquidity risk positions on a monthly basis
- Co-ordinate the execution of all FLM related requirements such as contingency planning; SARB requirements; local regulatory and ALCO requirements in compliance with local regulations and Group requirements
- Lead the development and approval of the ABK ILAAP submission to regulators and support drafting and governance of Group ILAAP requirements related to Absa Bank Kenya
- Ensure FTP curves are effectively set and communicated for LCY and FCY to Business and ARO Treasury Centre in line with the ARO Funds Transfer Pricing Standard and the Bank’s internal governance requirements
- Lead FTP engagements with Business and ARO Treasury Centre, providing an understanding of methodologies and impacts on the Bank and business unit
- Ensure FTP pricing is timely and accurate to Business on a monthly basis, supported by the relevant Finance partners
Role/Person specification
Education And Experience Required
- Bachelor’s degree
- > 10 years (Technical/Managerial) Finance; Balance Sheet; Funding and Liquidity Management (FLM and/ or Funds Transfer Pricing (FTP) experience
Knowledge And Skills
- Highly numerate with a strong analytical background.
- Deep expertise in Balance Sheet and Funding management
- Strong experience with senior management reporting, influence and stakeholder management
- Banking experience in a treasury environment, risk or finance
Competencies
- Sound attention to detail and diligent in managing processes to a high standard
- Keen interest in developing technical skills in risk management and the impact of in-country market dynamics on FLM and FTP
- Good communicator and able to present technical content in a meaningful manner to management
- Well organised and able to manage multiple responsibilities to deadlines
- Able to interact efficiently and professionally with business stakeholders.
- Application Deadline – 23rd October 2024***
Absa Bank Kenya is an equal opportunity, affirmative action employer. Preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Education
Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)
