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.
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Job Description
The Finance Manager will carry-out end-to-end financial (regulatory, management, statutory) and risk reporting. The role includes implementing and enhancing the accounting workflow systems and processes within business while ensuring financial controls and procedures are followed and adhered to for various internal and external stakeholders. In addition, compiling statutory, regulatory and management reporting for the Bank. This role will suit an individual who has excellent analytical, critical thinking, interpersonal skills, and a proven track record in establishing and leading highly efficient financial solutions.
Responsibilities:
The successful candidate will be responsible for:
- Oversee the day-to-day Finance operations, including general ledger management for the bank and ensure timely recording of financial transactions including journal entries, period-end journals, and reconciliations.
- Responsible for the preparation of the Bank’s timely financial results and coordinate the consolidation of Financial results for multiple Business Units of the Bank in line with IFRS, regulatory and Group requirements.
- Liaise with internal and external auditors, coordinating and facilitating all required audit processes within required and stipulated business and regulatory timelines. Coordinate the completion of timely audited financial statements and address any audit-related inquiries or findings.
- Responsible for preparing the monthly management and financial accounts, business reports and board documents; provide financial analysis and insights to support decision-making. Develop financial models and forecasts to support strategic planning, budgeting and forecast processes.
- Prepare and file regulatory reports and all relevant disclosures relating to daily, monthly, and quarterly FINA as required by CBN.
- Act as the Business partner for the Treasury business unit liaising with Treasury operations, budget performance monitoring, developing forecast and analyzing variances and other finance related matter for the department.
- Active participation in the budget process and forecast preparations on a periodic basis including analysis and monitoring adherence to the approved budget in line with the group requirements.
- Preparation of all periodic regulatory reports to CBN, SEC and NDIC; Group returns and report analysis using Hyperion Financial management (HFM)- Financial reporting consolidation tool; quarterly BA returns to South African Reserve Bank (SARB).
- Assess tax impact of banking transactions and ensure appropriate tax authorities receive tax return filings and payments as at when due.
- Identify opportunities to streamline financial reporting and control processes leveraging technology and innovative solutions to automate routine task and improve efficiency and accuracy.
- Manage any third parties to which accounting or finance functions have been outsourced.
- Ensure effective compliance and financial controls are in place in line with Group, statutory and regulatory requirement for financial and tax reporting. Monitor compliance and provide guidance to ensure adherence to financial policies and procedures.
- Cross-functional collaboration with Business Units and key Business Enablement functions across the Bank to ensure alignment of financial reporting and control activities. Provide guidance as required on financial reporting matters including accounting treatment and compliance requirements.
- Undertake any additional Finance duties as directed by the CFO.
Qualifications and Experience:
- The successful candidate should be a qualified Chartered Accountant with at least 10years working experience in a financial services institution.
- Good analytical and management skills.
- A sound knowledge of IFRS with excellent financial analysis and communication skills
- A good understanding of regulatory reporting requirements
- A sound understanding of foreign exchange, fixed income markets and valuation of financial instruments will be beneficial.
- Hyperion Financial management (Financial reporting consolidation tool) HFM experience will be beneficial.
- Confident to operate in a multi-dynamic global company across various business units and jurisdictions.
- Technologically adept and highly proficient in Ms. Office tools i.e. Excel, word and PowerPoint.
- Strong presentation skills and proven track record of interacting with Executive Management.
- A strong communicator who is deadline and solutions driven.
- Able to operate in a fast-changing and dynamic environment (building a business).
- Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
- Self –motivated and able to work well both in a team as well as independently.
- A high degree of professionalism and business acumen.
- Strong Business partnering skills.
- Candidates should be trustworthy and display strong work ethics and integrity in all that they do.
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Job Description
The essence of this role is to lead the transaction banking unit, originating and enabling transactional sales, implementing channel solutions, and cross-selling transaction banking products in the RMB Treasury and Trade Solutions Corporate Banking segment to achieve transaction banking revenue goals.
Responsibilities:
The successful candidate will:
- Drive transactional banking strategy and products, ensuring the objectives are met or exceeded.
- Responsible for formulating and executing the TXB strategy and ensuring the team delivers on the approved budget numbers.
- Establish and maintain relationships with business partners to strengthen collaborative working relations to improve the effective and efficient execution of sector sales objectives in line with Transactional business requirements.
- Understand client’s needs and demands by providing targeted solutions within our regulatory framework and Marco environment.
- Drive the sales and origination efforts to convert existing and acquire new clients to become transactional banking clients of the bank.
- Understand critical competitors, new technologies, sector dynamics, and vital macro-environmental forces to analyze and identify sector-wide opportunities and challenges for transactional sales.
- Understand the critical micro-environmental impacts and relationships, i.e., client performance trends, client financial data, and competitive positioning in the sector to identify relevant sales solution tactics;
- Contribute to attaining the TxB budget by formulating annual tactics for the industry to enable enhanced revenue growth. This planning is in collaboration with TxB Product teams, other Corporate Banking teams, and Coverage Leads the transactional banking team to success by ensuring the team is well motivated with clear KPIs to deliver on budget.
- Provide consistent, professional, and superior delivery of TxB offerings and client
- management disciplines including
- pipeline ownership, RFP responses, proactive proposals, presentations, call reports, lead generation, and channel implementation oversight.
- Price solutions appropriately within the context of broader relationship pricing to ensure profitability and competitive positioning (with support of Pricing and Product)
- Display an in-depth knowledge of relevant systems and interdependencies between these systems.
- Assess the effectiveness of Sales tactics by measuring revenue target achievements, qualified leads, reduced sales cycles, and value creation for the client.
Qualifications & Experience:
The successful candidate should have an undergraduate degree qualification in a relevant discipline with at least 15 years of relevant working experience within a bank, preferably a Nigerian or financial institution.
In-depth understanding and application of:
Experience:
- In a same/similar role focused on delivering results and meeting/exceeding sales targets
- Track record of entrenched relationships within a portfolio of Nigerian clients
- Ability to engage and persuade senior client stakeholders, e.g., CFO and treasurer.
- Extensive experience in sales
- A strong understanding of bank operations, trade finance, and local regulations is required.
Technical skills:
In-depth understanding of:
- TxB value Proposition
- TXB products, relevant systems, and processes
- TxB product knowledge
- TxB banking/payments and clearing
- Treasury/cash management and working capital ratios
- Portfolio management and the sales lifecycle
Key Competencies:
- Self-driven and results-oriented. Maintain high activity levels, meet deadlines, and produce consistently high-quality output.
- Set demanding goals with a strong character, integrity, confidence, pleasant, and always well-presented.
- Ability of decision-making to make fair and firm decisions based on facts and logic. Persuasive in selling ideas/products and creating a transfer of enthusiasm.
- Effective communication, organization, problem-solving, time management, discipline, attention to detail, and flexibility to create impactful proposals and negotiate win-win agreements.
- Ability to build sound relationships based on trust, effective communication, strong work ethics, deadline-driven, adaptability, and being a team player. Additionally, being client and solution-oriented, persistent, and self-motivated are key qualities for success.
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Job Description
RMB Nigeria is looking to appoint a Transactor within the TTS team. The individual must be an entrepreneurial self-starter who has the energy and passion to develop RMB’s TTS business. The successful candidate will be required to provide support to the trade finance and working capital solutions to clients based in Nigeria
Responsibilities:
The successful candidate will be responsible for:
- Responsible for implementing the set strategy and budget numbers for the product set, in conjunction with the head of TTS.
- maintaining existing client/partner relationships, in conjunction with the Coverage team to ensure profitable Treasury and Trade Solutions
- Managing the trade and working capital portfolio from reporting, Credit Approval, deal implementation, and closure.
- Assist with the origination, structuring, and implementation process around bespoke lending, and trade finance.
- Drafting detailed deal screen memos, including fundamental financial analysis and models and independent research using a variety of data sources
- Conducting debt capacity analysis as well as putting together pitches and proposals and executing them Participating in discussions with management regarding bespoke deal structuring
- Managing the transaction execution process for multiple ongoing deals
- Close transactions by obtaining the relevant internal approvals for the transaction and leading or actively participating in the successful conclusion of negotiations.
- Rating and pricing structured trade finance transactions and term funding according to a formalized Credit Rating Methodology, with assistance from the Structuring team.
- Identifying transaction-specific risks including credit, compliance, taxation, accounting, and legal.
- Manage the credit approval process in conjunction with Client Coverage
- Building on the existing strong relationships with the Credit and Market Risk teams, Legal and Compliance functions, and Middle and Back-office areas.
Other:
- Cross-selling of bank products/opportunities to its clients
- Internal stakeholder relationship management
Qualifications and Experience:
- B.Sc. in Economics, Accounting, and Finance or any finance or social science-related courses with a minimum of Second-Class Lower division.
- At least 6 years of experience in banking, working with Lending & and trade solution products in Nigeria. Other African experiences are also advantageous.
Technical Skills:
- Strong financial modeling skills
- Strong analytical, numerical, and writing skills.
- Proficient in the use of Excel to prepare spreadsheets and other modeling tools for generating reports logically.
- Proficient in the use of PowerPoint and strong presentation skills
- Good understanding of Credit
- Advanced level product/processes knowledge
General:
- Good judgment and decision-making skills
- High levels of numeracy and literacy are essential
- Strong interpersonal skills, and
- Listening, analysis, and debating skills
Business Skills:
- Excellent report-writing skills
- Ability to critically assess the commercial viability of clients’ business models and operations, identifying viable lending/financing opportunities.
- Ability to originate, critically assess, develop, and close structured trade and commodity finance transactions.
- Ability to analyze company financial statements, interpret corporate credit quality, and identify and quantify business and financial risks from a lending/credit perspective.
- A passion for structured lending and investment banking generally, commodity markets, and structured (trade) finance specifically.
- A general understanding of a variety of financial derivative products and instruments will be a distinct advantage.
- A good understanding of corporate credit ratings, portfolio theory, and credit pricing will be a distinct advantage.
- Effectively prioritizing and managing heavy workload in a fast-paced, deadline-oriented environment.
- Creating new trading strategies and improving the existing ones to cope with changing market scenarios.
- Comprehensive understanding of industry regulations & and all other regulatory requirements.
Additional competencies (will serve as a strong recommendation)
- Post-graduate studies/qualifications in banking, finance / financial markets
- Proven experience in structuring and implementing working capital and supply chain solutions for clients
- A sound understanding of forex markets will be beneficial.
- Existing strong Nigerian Corporate relationships
- Existing STCF experience
Human Relations Profile:
- Strong character & integrity paramount
- High degree of self-confidence; pleasant personality; well-presented
- Well organized / good time management skills / disciplined/ detail orientated
- Self-starter able to work with minimal supervision
- Team oriented
- Flexible when necessary
- Ability to work under pressure
- A strong communicator who is deadline and solutions-driven.
- Strong work ethic and ability to operate in a fast-changing environment (building a business).
- Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
- A high degree of professionalism and business acumen
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Purpose:
RMB Nigeria is looking to appoint a Channels and Implementation Officer that will support all Transactional banking activities within the TXB business and support functions for the DTS Business unit. Actively cross-sell and drive client engagement within the RMB Banking division segment to achieve transaction banking revenue goals.
Responsibilities:
- Contribute to the attainment of the TXB budget by providing enhanced support by:
- Monitoring and sending out daily and weekly liabilities movements summary
- Track and send weekly transaction banking report to stakeholders
- Track and monitor TXB – Fixed Deposit product and reconcile fees monthly with GTSY & Finance
- Carry out financial analysis of all related deposit revenue lines and to aid weekly/ monthly liability projections.
- Working with the team members to collate EXCO, Board and Year end Strategy reports.
- Responsible for formal communication to clients with adequate maintenance of all clients TXB pricing records.
- Assisting with the deployment steps in achieving route to market strategies in deployment of new products via presentations and trainings for staff/ clients.
- Contribute to the TXB sales effort to convert existing and acquire new clients to become transactional banking clients of the bank.
- Join the Sales Reps for calls with relations to technical issues
- Participate in the weekly TXB meetings
- Research and preparation of PowerPoint presentations to pitch TXB products for new and existing clients.
- Preparation of pre-call briefs reading materials ahead of client calls with bank EXCO in attendance.
- Active participation in the new TXB client onboarding/acquisition strategy through the following TXB.
Product management activities:
- Research i.e Working with data inputs e.g. MIS activity, and sales pipeline reporting to develop peer-to-peer analyst reports/ presentations to aid TXB FINTECH and Digital channel adoption strategy/ initiatives
- Assist in preparing, driving, and closing NPA and DCF deliverables
- Track transaction banking TXB product/ project deliverables managing dependencies and timelines
- Assist in drafting new products or existing product enhancement business cases, business requirement specifications (BRS) for RMBN Online.
- TXB Services & Implementation Support
- Have a good understanding and display an in-depth knowledge of relevant systems that support TXB business/client activities and interdependencies between these systems.
- Assist in the onboarding, training, and handholding of clients on RMB Online
- Tracking and monitoring channel throughput – volumes & values
- Engaging dormant Corporate channel clients to identify causes of inactivity and raise these with the Senior Transactors for intervention.
- Client issue management process – Provide 2nd level support to address or review client issues.
- Team support & Business continuity plans
- Act as a backup for TXB team members during out of office periods such as training or leave.
Qualifications and Experience:
The successful candidate should have a relevant degree qualification with at least 7 years relevant working experience in financial services
- Demonstrated knowledge and experience of Fixed Deposit product
- A Master's Degree and/or a Professional Qualification will be an added advantage.
Technical Skills:
- Strong analytical skills.
- Knowledge of the relevant exchange control regulations.
- Proficiency in the use of Excel & Power point
- Strong verbal and written communication.
- Human Relations Profile
- Ability to manage a team to deliver on their objectives.
- Ability to strike and maintain good relationships.
- Strong character and integrity.
- Team oriented.
- Has a client-focused approach to the job.
- Organized and detail oriented.
- Self-starter, able to work with minimal supervision
- Excellent problem-solving skills with a “can do” attitude
- Flexible when necessary
- Strong work ethic and able to operate in a dynamic environment
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Purpose:
To develop and maintain strong client relationships. Originate business and identify opportunities to cross-sell for RMBN and the broader First Rand Group in line with the strategic objectives of the Bank.
Responsibilities:
The successful candidate will be responsible for:
Management of client portfolio:
- Develop the portfolio by prospecting new clients, cross-selling, and offering suitable banking services to the existing customers in adherence with coverage disciplines i.e. sales campaigns, Client Action Plans( CAPS), deal pipelines, call reports, and other reports.
- Plan and outline strategic objectives for the growth of the portfolio.
- Communicate and document client interactions and feedback to stakeholders with regard to client developments through call reports and face-to-face discussions.
- Initiate client scoping sessions to gain client insights.
- Initiate brainstorming sessions to identify opportunities across the group and manage action items thereof.
- Coordinate the creation of innovative solutions for specific product areas based on client feedback.
- Interrogate and manage MIS data to minimize revenue leakage on a continuous basis.
- Proactively manage credit facilities to ensure adequate limits are in place and early wanting signals are identified & escalated.
- Manage escalated unresolved client complaints.
- Manage complex relationships within support areas to ensure best outcome for both the client and the bank.
Effective internal and external stakeholder relationship management:
- Build and maintain strong working relationships with all stakeholders, displaying excellent abilities to initiate dialogue and listen, advise, influence, negotiate.
- Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders’ needs are met.
- Ensure client expectations are met or exceeded;
- Use influence and negotiation to achieve win-win outcomes.
- Proactively communicate and share information and encourage discussion and debate (share successes and highlight challenges).
Effective teamwork, self-management, and alignment with group values:
- Imbibe the RMB promises & continually drive RMB’s values
- Create brand presence for oneself
- Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
- Make an effort to stay relevant and up to date with legislation, new developments etc.;
- Take ownership and accountability for tasks and activities and demonstrate effective self- management
- Maintain a positive attitude and respond openly to feedback
- Continually share, debate and communicate learnings
- Be proactive in anticipating potential problems and continually monitor progress to ensure small details are not missed
- Challenge with conviction.
Qualifications and Experience:
Education and Qualifications
-
The successful candidate should have at the minimum, a Bachelor’s degree, preferably in Commerce, Business, Finance, Accounting or related disciplines
Experience
- Minimum 12 years in a similar role and relevant industry
- At least 5 years relevant experience in the Large Indigenous Corporates and Multinational business segment
- Good knowledge of Corporate and Investment banking knowledge, including treasury products and services
- Previous exposure to the preparation of credit proposals
- Track record of sourcing new clients
- Proven track record in converting opportunities into revenue generation
- Ability to negotiate and influence across all levels including senior stakeholders
- Ability to unearth client needs and match them to appropriate banking solutions
- Detailed understanding of the Nigerian Banking Industry and its legal and regulatory requirements
Technical Skills
- Strong analytical skills
- Good working legal and credit knowledge
- Strong Financial Acumen
- Strong verbal and written communication
- Sound presentation, facilitation, and negotiation skills
- Ability to make cold calls
Human Relations Profile
- Ability to strike and maintain good client relationships.
- Strong character & integrity paramount
- High degree of self-confidence; pleasant personality; well-presented
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Job Description
The Institutional Client Group (“ICG”) is a business unit within RMB Nigeria that is responsible and accountable for institutional clients.
ICG is responsible and accountable for:
- bringing the whole bank’s offering/solutions to clients (one-RMB)
- overseeing and leading multidisciplinary teams to deliver superior solutions/products, insights, and ideas to clients
- deep expertise and broader product knowledge of the Financial Institution Sector
- origination across multiple products offered
- client growth, retention, and penetration
- sector performance and profitability
- client satisfaction and engagement
ICG is led by Head, ICG and roles within the group include:
- Relationship Manager: Accountable and responsible for origination of flow activity within the bank
- Senior Relationship Manager: End-to-end accountability across flow and event activity (for client) outcomes including P&L for specific clients
Flow is defined broadly as any banking activity that occurs on a more frequent basis and generally requires quick turnaround. Flow origination activity includes:
Event is defined broadly as strategic client banking activities which ordinarily involve structuring in the solution and are infrequent or “once-off” in nature. Event origination activity typically includes:
- Liabilities and investment activities
- Global security services: custody services
- Transactional banking (primary banker): Account opening, Cash Management, Online Banking,
- General Banking Facilities
- Trade and supply chain finance
- Transactional Banking RFPs
Advisory Services including Mergers and Acquisitions
- Structured and/or large Lending transactions
- Markets structuring
Responsibilities:
The Relationship Manager is responsible and accountable for originating Flow business within a sector. This activity can be for new prospective clients and for existing clients through origination and cross sell banking solutions. They are responsible for originating flow business within the allocated clients as part of a cross-functional team.
A cross-functional team:
- Includes relevant Relationship Manager, market sales transactor and product bankers working with the Senior Relationship Manager to drive desired client outcomes
- The members of the cross-functional team co-sign the account plan with the Senior Relationship Manager, and are held accountable for the execution of the client plan
- Each member of the cross-functional team is responsible for originating ideas for their product domain, and the identification of broad ancillary product opportunities where relevant product domain, and the identification of ancillary product opportunities where relevant
Additionally, a Relationship Manager Participates in client processes such as account planning and deal escalations point for Flow activity They are a primary point of contact for the client, and form the basis for all internal contacts to better align and manage Flow activity They work closely with the ICG Head and/or Senior Relationship Manager to strategize on Flow activity on top/sector clients
The ideal candidate will fulfil the role of a Relationship Manager, with the following Key Performance Requirements on Clients:
Client Strategy Execution
- In conjunction with the cross-functional team, implements the strategy for Flow activities
- Must understand client Flow needs
- Must understand sector and client value drivers
- Participates in design sessions with all client interfacing teams in the Client Group, IBD, Markets & Transact business units and provides insights from the voice of the client
- Contribute with relevant data & insights at the periodic strategy review & revision sessions led by the ICG Head/Senior Relationship Manager who has overall accountability for the client
- Escalation contacts for Client Service issues in Flow activity
- Holds the product houses accountable to solve services issues for clients within a reasonable period (doesn’t solve the issue themselves)
- Craft client strategy plans on acquiring new Flow activity and contribute to the broader client strategy crafted by ICG Head/ Senior Relationship Manager
- Retain and penetrate existing clients across other products within Flow
- Ensure seamless end to end process for client in delivering new Flow solutions to them
- Manage pricing negotiations with clients in relation for Flow activity
- Drive Flow profitability across clients allocated
- Build strong client relationships with key senior executives within their client portfolio who are responsible for awarding Flow business
- Strong Flow product knowledge and expertise
Account Management Framework & Client Action Planning
- Participates in the Client Action Planning process for clients they are directly responsible for within assigned sector portfolio as part of a cross-functional team
- Ensure on-going monitoring of the client which may include annual credit and pricing reviews, covenant requirements, allocation, and review of facilities
- Accountable for ad-hoc and annual client pricing
- Manage multi-disciplinary projects to ensure successful deployment of origination, implementation, and retention initiatives
- Assess effectiveness of Relationship Management outputs and stakeholder engagement by measuring changes in revenue generation, qualified leads, client satisfaction (internal and external) and retention
Flow Business Origination/Business Development
- Formulating annual strategies with Senior Relationship Manager for the allocated client portfolio and new business for Flow activities
- End-to-end management of the Flow sales process, anticipating client needs and responding with innovative solutions to client’s emerging needs
- Ensures MIS information is accurate and reflects the converted opportunities
Data Analytics & Insights Generation
- Excel, PowerPoint, and Word proficiency
- Work with data inputs e.g., MIS, Call Reports and Client Action Plan to build origination and growth projection models that are integrated and forward looking
- Client Relationship System adoption and call report discipline
Financial Performance Management
- Delivers targets of Flow activity for client in portfolio (e.g., revenue growth, profitability, cross sell, retention, conversion, satisfaction, etc.)
- Reviews overall client & sector performance and defines plans to optimize performance across all Flow product offering
Risk Aware / Management
-
Manage and anticipate risk that may arise through our Flow activity with clients: AML, Credit, Exchange control risks, covenants adherence
Qualification:
Experience:
- Candidate should have relevant experience in financial sector client base – Banks and non-bank financial institutions including:
- Sound knowledge of general banking products and industry specific knowledge.
- Experience in customer acquisition/ sales, retention of designated client portfolio.
- Strong communication skills, conceptual thinking coupled with strong analytical capability is required.
- Report writing skills as well as presentation skills are essential. A high level of proficiency with
- MS-Word, MS-Excel and MS-Power Point is required.
- Candidate must also have strong research capabilities and must be able to perform company and sector related research with the ability to analyse the financial statements of companies.
- Candidate should be self-motivated to take on multiple tasks, should enjoy working in a constantly changing environment, have strong attention to details, interact well with others and enjoy working within a team-based environment.
General Competencies:
- Strong Interpersonal and networking skills
- Relationship Management
- Excellent presentation, written and oral communication skills
- Analytical and problem-solving skills
- Proactivity and flexibility
- Customer focus (internal and external customers)
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Job Description
The Governance Framework for the Management of ALM Risk (i.e., Liquidity Risk, Currency Risk, and Banking Book Interest Rate Risk) provides the governance principles aimed at creating a robust process to assess, measure, monitor, and report these risks. RMB Nigeria’s (“RMBN’s”) Group Treasury is the extension of FirstRand Bank’s Group Treasury and is responsible for the implementation of the Framework in Nigeria. RMBN’s Treasury team is also responsible for the management of the bank’s capital to ensure its adequacy under business-as-usual and stress conditions, capital management risk is therefore a key component of this role. For the purpose of this document, reference to ‘risk(s)’ means, ALM and capital management risk, which are also jointly referred to as ‘Treasury Risk’.
The following responsibilities & key performance areas are required for the job:
- Frameworks, Policies, and Mandates for the management of Treasury Risks
- Responsible for the establishment and maintenance of frameworks, policies and committee (i.e., ALCCO) mandates.
- Ensure full compliance with Group standards and regulatory requirements associated with funding and capital (LAR, CRR, LCR, NSFR, CAR.)
- Propose risk limits, ensuring that portfolio mandates are in place across and in line with risk appetite.
- Research best practice and make recommendations on implementation of new developments and improvements in risk management processes.
Governance & Compliance
- Monitor risks and ensure that the exposure and utilisation is in line with the risk limits.
- Ensure that mandate and limit breaches and non-compliance thereof are escalated to appropriate forums.
- Ensure implementation of Basel III requirements across all portfolios.
- Ensure adequate governance processes are in place (frameworks and regulations).
- Ensure coordination of Internal and External Audit engagement.
Risk Analytics and Measurement
- Ensure that an appropriate control framework is in place to ensure the accuracy and completeness of Treasury risk metrics.
- Develop new and optimise existing strategies for the management of risks.
- Perform an assessment and forecast the key reporting metrics and provide commentary that can be used to explain implications of the outputs and attribute movements.
- Continuously assess appropriateness of metrics and measurement methodologies.
- Drive and implement the annual Internal Capital Adequacy Assessment Process ‘ICAAP’ (including the completions of all applicable reference documents) and Recovery Planning Process (RRP).
- Guide and implement a repeatable, dynamic stress and forecasting process in line with Group’s guidelines, regulatory requirements and best practice.
- Drive and implement the quarterly Internal Liquidity Adequacy Assessment Process ‘ILAAP’ (including the completions of all applicable reference documents).
- Review the stress testing of assumptions & BAU back testing results for each Treasury Risk.
- Perform impact assessments on proposed changes to regulations impacting on stress test outcome.
- Provide recommendations to the executive management on dividend payout and optimization of the RWAs for business units based on the ICAAP outcome.
- Analyze and monitor the currency risk on the balance sheet (banking book) to ensure the bank is immunized from adverse shocks.
- Manage and ensure compliance with the regulatory limits on Net Open Position.
Reporting & Communication
- Co-ordination and production of the ALCCO pack sections and presentations relating to Treasury risks as well as
- facilitating and standardising the reporting into appropriate forums and frequency for both in-country and Group
- Coordination and submission of Key Management Process reports relating to Treasury risks in the banking book to the Board’s Risk & Compliance Committee
- Action ad hoc reporting and queries relating to Treasury risks reporting
- Communicate results of risk analytics and measurement to the Treasurer
- Co-ordination and production of the periodic ICAAP and ILAAP report
Strategic Relationships
Responsible for the development and maintenance of strategic relationships with:
- Other Risk Type Owners
- Finance, Regulatory Reporting and Compliance
- Management committees (ALCCO, FRM)
- Regulator
- Group and in-country Research teams
- Group ALM Risk Management
- Group Capital management
- Group Exchange Control
- Develop and maintain relationships with Group peers to keep up to date with latest developments across FirstRand w.r.t risk frameworks, disclosure requirements etc.
- Industry liaison
Experience and Qualifications:
- A degree in accounting / finance / maths / statistics or related field with a strong quantitative bias.
- CFA or FRM qualification would be an advantage.
- At least 5 years experience in asset/liability management or risk management.
- Thorough understanding of banking products and financial instruments.
- Thorough understanding of ALM management and an understanding of ALM and Capital specific regulations (e.g. Basel reporting standards)
- Knowledge of risk measures and practices (e.g., PV01, VaR, EaR (NII sensitivity).
- Thorough understanding of governance and control frameworks .
- Capable of analysing complex concepts and translating these into simple and concise narratives for management
The following competencies are required for the job:
- Strong analytical skills
- Strategic thinking
- Excellent communication skills (verbal, presentations and written)
- Passionate / energetic
- Work well under pressure
- Self-starter / able to work independently
- Team player
- Strong interpersonal skills
- Commitment to excellence
- Time management
Method of Application
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