Nafasi Za Kazi Kutoka ABSA October 2024
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Job Summary
Responsible for in-country Balance Sheet Management responsibilities for Asset and Liability Management, Implementation Services, Investments, Tax and Financing, and Capital.
Job Description
Key Responsibilities:
CAPITAL MANAGEMENT 20%
The main steps include:
Assisting the State Treasurer in managing the bank’s capital position
Ensuring compliance with Capital Management policies and internal controls and capital targets approved by the Board
Collaborate with Finance teams to understand balance sheet reconciliations and trends
Assist the State Treasurer in preparing a capital plan, which forecasts regulatory and economic capital requirements and distribution in business units during the 3-year planning period while assessing whether the forecast capital position meets the regulatory objectives and approved by the Board .
Determining capital reserves and performing Cost of Equity calculations according to Absa Fund principles and methods
Assist initiatives in transitioning to the Basel III regulatory environment
ASSET AND LIABILITY MANAGEMENT (ALM) 20%
The main steps include:
Assist the State Treasurer in managing the bank’s ALM process
Achieving an appropriate risk profile within Group levels and risk tolerance by centralizing, trapping, and preventing all risk that can be managed through the Treasury Execution Services (TES) desk
Measuring, analyzing and interpreting interest rate risk in the banking book
Perform edge compression analysis
Analyzing the structure and adjustment of all balance sheet items
Ensuring all behavioral considerations (including prepayment considerations) are in line with Absa Fund guidelines.
FUND TRANSFER FEE (FTP) 15%
The main steps include:
Assist the State Treasurer in managing the FTP process of the bank
Ensuring FTP (Retail, Co-operative and Commercial) business guidelines and providing coverage against market risk as much as possible.
Ensuring Absa’s liquidity premium is included in all FCY and trade prices
Maintain all pricing assumptions to ensure FTP rates are matched, or balance sheet, required interest rate and liquidity risk profile.
As part of the NPA process, assign an appropriate FTP rate to the new product after assessing the interest rate and liquidity profile.
ALCO PROCESS 20%
The main steps include:
Assist the State Treasurer in managing the ALCO banking process
Timely production of monthly ALCO package at required levels in collaboration with internal stakeholders (Risk, Finance and Credit)
Coordination of donations and business proposals on behalf of ALCO members
To support the State Treasurer in carrying out the duties of ALCO Secretary
LIQUIDITY & FINANCE 20%
The main steps include:
Daily management of the Bank’s Liquidity and Funding and sharing of the daily end-of-day position for Treasury management.
Support the Head of Treasury Implementation in preparing strategies to manage the Bank’s Liquidity and Funding Properly.
Ensuring the funding profile is met (mix of core funding and expansion of funding profile)
Assist Treasury management in preparing the annual funding plan which is monitored monthly, and the challenge and review process against the STP and RAF business forecasts to be submitted to ALCO monthly.
Monitor and report on compliance with all regulatory and internal funding requirements and limits as maintained by TES.
Ensuring all behavioral considerations from a liquidity perspective are consistent with Absa Treasury guidelines.
Responsible for the bank’s Liquidity Risk Appetite environment
Responsible for measuring liquidity pressure
PERSONAL DEVELOPMENT
The main steps include:
Fully managing the development of one’s own knowledge and skills
Research, identify and recommend training solutions for senior managers for personal development
Risk and Control Objectives
Effectively manage risk and controls by using effective risk systems and embedding a positive risk culture
Understand your role in the end-to-end processes in which you participate, including the risks and controls in place.
Adherence to Absa’s policies and procedures applicable to the ownership role, demonstrating good judgment and responsible risk management.
