Senior Funding and Liquidity Management Specialist

1 week ago


Sandton, South Africa Absa Group Full time
Empowering Africa's tomorrow, together…one story at a time.

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

The Funding and Liquidity Management team formulates and executes on the overall Absa Bank funding strategy which is designed to support the strategic liquidity risk management objectives of the Bank. This means ensuring that the Bank is appropriately funded to meet Regulatory and Internal requirements.

Job Description

Accountability: Delivering Funding Strategy
  • Manage the overall funding and liquidity position of the Bank through various engagements with business units
  • Assist with formulating the funding strategy and create the presentations required for internal stakeholders and/or investors
  • Review and challenge of business unit funding plans in line with liquidity risk framework
  • Ensure that business units deliver on the funding strategy within the approved limits, constraints and risk appetite
  • Set and ensure delivery of wholesale funding targets and initiatives in line with Treasury funding plan
  • Monitor and ensure funding metric compliance (including LCR and NSFR) and liquidity policies
  • Review new products from the perspective of all liquidity and funding requirements
  • Provide management reports into the relevant Committees (e.g. Absa Treasury Committee)
Accountability: Optimise Funding Metrics
  • Drive funding optimisation initiatives
  • Ensure applicable liquidity management frameworks are implemented and maintained to support the liquidity optimisation process
  • Perform balance sheet and peer analysis
  • Provide advice on structuring deals to obtain optimal liquidity metrics
Accountability: Efficiency and Scalability
  • Identify and drive change management requirements of funding management
Accountability: Relationship Management
  • Develop and maintain effective relationships between business stakeholders and Treasury
Accountability: Reporting
  • Prepare reporting packs to senior stakeholders regarding Funding and Liquidity Management
  • Preparation of MI for senior management to make effective decisions
  • Calculate Dollar LCR and NSFR and daily Early Warning Indicators
Accountability: People Management
  • Motivate yourself and the team to produce excellent results
Education and Experience Required
  • Qualified CA or CIMA / B-degree in (Accounting/Statistics/Risk Management)
  • At least 4 to 6 years of banking experience required of which at least 2 should be in a Treasury / Regulatory / liquidity environment
Knowledge & Skills: (Maximum of 6)
  • Funding and liquidity management
  • Broad banking understanding (Big picture view required)
  • Basel III knowledge (including LCR and NSFR)
  • Understand functioning of a Treasury
  • Regulatory knowledge
  • Understanding of financial markets e.g. (debt and capital markets)
Competencies: (Maximum of 8 competencies)
  • Excellent presentation skills required
  • Ability to drive decisions and manage expectations
  • Data manipulation in Excel and SAS
  • Attention to detail and accuracy in reporting
  • Business acumen

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, 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.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised.

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