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  • Balance Sheet Manager at Rand Merchant Bank

  • Posted on: 21 May, 2019 Deadline: Not Specified
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  • Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

    Balance Sheet Manager

     

    Job Descriptions
    Liquidity Management:

    • Intraday Liquidity Management
    • Management of cash and unencumbered asset positions
    • Management and optimisation of liquid asset portfolio
    • Management of balance sheet capacity vis-à-vis the liquidity risk framework
    • Forecasting and monitoring liquidity profile
    • Formulate strategy around management and optimisation of liquidity buffers and costs thereof

    Interest Rate Risk Management and Funds transfer pricing:

    • Manage the interest rate risk in the banking book to within prescribed limits
    • Ensure appropriate transfer pricing curve implementation and daily curve generation
    • Ensure that the transfer pricing of both assets and liabilities is accurately reflected in the daily accounts
    • This necessarily means understanding the fundamentals of standard transfer pricing as well as being able to deal with bespoke pricing for certain instruments
    • Carry out a calculation to either disburse over-recovery or recover under-recovery of transfer pricing costs to or from business units on a periodic basis

    Performance measurement:

    • Track the performance of the RMBN GTsy investment portfolio against benchmark to assist in the overall performance measurement analysis of the entity
    • Track net interest income over time and provide analysis around income volatility

    Product control:

    • Ensure incoming liability side instruments are correctly booked into the systems and that systems can accurately reflect their valuations, accruals and cash flow events

    Reporting:

    • Monthly interest rate risk and liquidity risk reporting (including secretarial functions where necessary) for relevant risk committees (FRMC, ALCCO and BRCC) and regulators (CBN and SARB), and
    • Upkeep of RMB Nigeria risk frameworks and policies in so far as Balance Sheet Management is concerned.
    • Assist with (as part of development and growth)

    Funding and balance sheet management strategy – in conjunction with the Head of Balance Sheet Management:

    • Defining the desirable funding profile of the bank taking into account price, diversification of depositor / investor base, product set, asset profile and run-off etc.
    • Manage the regulatory and prudential buffers associated with funding (LAR, CRR, LCR, NSFR, buffers
    • etc.)
    • Including setting deposit prices for clients on a daily basis:
      • Develop / assist in developing products to market into the investor community that will attract efficient funding into the entity
      • Arranging the issuance of commercial paper and or notes into the capital market
      • Arranging of long-term funding outside of the deposit market
      • Distribution of assets off the bank’s balance sheet

    Capital Management - in conjunction with the Head of Balance Sheet Management:

    • Economic and regulatory capital planning and forecasting
    • Optimisation of capital structure
    • Capital limit setting and monitoring
    • Capital markets access planning and issuance
    • Capital attribution and cost of capital allocation
    • Treasury input into ICAAP and Stress testing

    Other:

    • Management of relationships with key treasury stakeholders being the regulator, debt investors, business and the FirstRand shareholder
    • Planning for changes in the regulatory environment
    • Participate in industry lobbying initiatives especially in regulatory and financial market development
    • Any other responsibilities as may be required (such as backing up people on leave)

    Qualifications and Experience

    • The successful candidate should have a B.Sc. in Accounting or related field with a strong quantitative bias
    • At least six years’ working experience within a balance sheet management / funding and liability management role, treasury risk or accounting function in a bank, or as a consultant with five years of hands-on experience in a treasury environment

    Technical Skills:

    • A sound understanding of asset and liability management (including good understanding of B2/3 liquidity management provisions)
    • A sound understanding of forex and fixed income markets
    • An understanding of the macro-economic environment
    • An understanding of funds transfer pricing principles
    • An understanding of financial products pricing
    • An understanding of regulatory reporting requirements
    • An understanding of treasury operating processes

    Method of Application

    Interested and qualified? Go to Rand Merchant Bank career website on www.linkedin.com to apply

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