Specialist Treasury Funding Liquidity

2 weeks ago

Sandton, South Africa Absa Bank Limited Full time
Bring your possibility to life Define your career with us

  • 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.
Job Summary

  • Developing Funds Transfer Pricing (FTP) methodologies that will deliver balanced growth;
  • Developing and maintaining the FTP processes for pricing and charging FTP;
  • Analyzing and understanding the impact of FTP on the pricing behavior of businesses;
  • Engages with a broad range of stakeholders on FTP related issues; and
  • Provide coaching and guidance to more junior team members.

Job Description:

Key Accountabilities

Accountability:
Funds Transfer Pricing Methodologies

  • Develop and maintain behavioral / economic funding FTP methodologies and models used to determine the FTP rates for products and/or businesses.
  • Suggest improvements to the FTP methodologies and models based on:
  • evolving best practice,
- changes in regulation, and
- feedback from internal and external reviews.

  • Run annual assumptions review, under guidance of the Head of FTP.
  • Run model validations.

Accountability:
Funds Transfer Pricing input into Pricing Process

  • Produce / own key inputs into pricing process, including:
  • base rates,
- structural rates,
- liquidity premiums, and

  • FTP curves.
  • Produce & negotiate quotations for large loans and facilities based on underlying features.
  • Produce & negotiate quotations for large deposits and funding unwinds
  • Act as custodian of business versus fund pool boundary, ensuring arms length pricing between Treasury and business units

Accountability:
Funds Transfer Pricing Charging Processes

  • Develop and maintain models for the production of FTP related inputs into finance processes.
  • Assist finance with producing required FTP entries and results.
  • Provide key FTP inputs into planning and budgeting process.
  • Perform key checks that will ensure the validity, accuracy and completeness of assumptions and data.

Accountability:
Funds Transfer Pricing Reporting and Analysis

  • Build and maintain financial models to monitor and project FTP income statement and balance sheet.
  • Produce or review monthly and daily FTP reports.
  • Produce Treasury Committee packs and proposals.
  • Provide input into queries from SARB, ratings agencies etc.

Accountability:
Stakeholder Management

  • Business unit communication and engagement.
  • Relationship building across business (especially the trade floor).
  • Provide oversight of short term uses of liquidity.
  • Implementation of penalties for transgressions outside of agreed funding parameters.
  • Stay abreast of industry and peer developments.
  • Provide training to stakeholders (including the production of training material).

Accountability:
Internal Treasury Stakeholder Management

  • Participation in the weekly liquidity forum.
  • Monitor funding raised through the structured notes programme.
  • Challenge the Treasury operating model to promote balanced growth.

Accountability:
Management Responsibilities

  • Provide coaching and guidance to more junior team members.
  • Delegation of tasks to more junior team members.
Role/Person Specification

Education and Experience Required:

  • Highly numerate individual with a strong quantitative / analytical background.
  • Degree in mathematics of finance, economics, accountancy, risk management or similar.
  • Treasury related experience a preference.

Knowledge & Skills:

  • Good foundation in funds transfer pricing.

Competencies:

  • Good communicator.
  • Good at coaching and delegation.
  • Well organised and able to manage multiple responsibilities.
  • Able to interact efficiently and professionally with business stakeholders.
  • Technically competent in area of funds transfer pricing.
Education

Postgraduate Degrees and Professional Qualifications:
Financial Sciences (required)

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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