ALM Manager at Stanbic IBTC

Job Purpose

To ensure that ALM responsibilities are managed and executed effectively incorporating a forward-looking view to liquidity risk management and balance sheet optimization. This includes reporting, measurement, management and maintaining of the ALM business process.

Key Responsibilites

• Measure, report and manage the outcomes of each measure of liquidity and Interest Rate Risk in the banking Book (IRRBB) to the ALCO in accordance with set policies and procedures. Evaluates and research in country dynamics and regulatory environment as well as international ALM best practise to do the above
• Update all relevant Interest Rate Risk in the Banking Book (IRRBB) attributes, setups and market data in Quantitative Risk Management (QRM) ALM system for use in the calculation of accurate IRRBB metrics as part of the monthly production cycle. This requires liaising with and obtain information from executives, senior managers and mangers within the various business units.
• Establish and maintain systems and procedures for the implementation of ALM Risk Management and for monitoring on a daily, weekly and monthly basis compliance with the tolerance limits and appetite triggers approved by in country ALCO and Group ALCO.
• Proposing action plans to remediate risk appetite breaches and to optimise country balance sheets
• Analysis of Forecast/Budgets and formulation of funding plans and contingent funding plans

Qualifications

• Professional qualigication in ICAN, ACI, ACA, CA or its equivalent
• A Post-graduate/masters degree or certification in finance/ economics/ maths/ statistics/ financial risk management would be an added advantage.
• Minimum of five years banking experience in asset and liability management, finance reporting, quantitative financial modelling or risk management;
• Knowledge of market risk, liquidity risk Funds Transfer Pricing and IRRBB would be a distinct advantage.
• Experience in Financial Management Information (FMI) and/or ALM System - Quantitative Risk Management (QRM) systems would be a distinct advantage.