Head of Capital & Balance Sheet Management

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.My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.Job SummaryTo be responsible for the in-country Treasury Governance functions of Asset and Liability Management, Liquidity and Funding, and Capital.Job DescriptionKey responsibilities and approximate time split :Accountability: Capital Management: 20% Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targetsEngaging with Finance teams to understand balance sheet reconciliation and trendsCompiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targetsDetermining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodologySetting required customer returns, RoRWA and RoE in line with Board targetsPerforming customer pricing reviews and deriving appropriate risk pricing across all business unitsSupporting and leading initiatives in the move to a Basel III regulatory environmentCo-ordinating all capital applications (including SBL dispensations and guarantee applications) ensuring quality of applications whilst managing in-country expectationsAccountability: Asset & Liability Management (ALM): 20%Responsibility for the in-country ALM process within the guidelines set by Absa Treasury Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) deskMeasuring, analyzing, and interpreting interest rate risk in the banking bookPerforming margin compression analysisPerforming structural analysis and adjustment of all balance sheet itemsEnsuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelinesAt the request of the head of Treasury, participation in country Alco’s where necessaryParticipating in the Treasury Investment CommitteeAccountability: Funds Transfer Pricing (FTP): 15%Ensuring the implementation of and adherence to the Absa Africa FTP policiesEnsuring FTP guides business (Retail, Corporate and Trading) behaviour and immunizes businesses from market risk as far as possibleEnsuring Absa liquidity premiums are incorporated in all FCY pricing by business Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profilesAs part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioural profilesAccountability: Alco Process:20%Ensuring timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)The custodianship of the ALCO terms of referenceExecuting the functions of ALCO SecretaryALCO committee training on Capital, Liquidity & Funding and RiskAccountability: Liquidity Funding:20%Ensuring adherence to Funding and Liquidity policies, including Contingent Funding plans, whilst holding the responsibility of ensuring that the entity remains liquidEnsuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)Compiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCOMonitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TESEnsuring all behavioural assumptions from a liquidity perspective are in line with Absa Treasury guidelinesResponsible for the bank’s Liquidity Risk Appetite settingResponsible for liquidity stress testingAccountability: Personal Development:5%Actively managing one’s own and the team’s technical and soft skills developmentResearching, identifying, and proposing training solutions to senior management for one’s own and for the team’s developmentRisk and Control Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk cultureUnderstanding of own role in the end to end processes in which you play a part, including applicable risks and controls.Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.Continuous and proactive engagement with regulatory bodies, unions where applicableAll mandatory training completed to deadlineQualifications Required (Essential)Bachelor’s DegreeQualifications Required (Preferred)ACI Dealing CertificateExperienceEssential3-5 years’ experience related experiencePreferred5 to 10 years’ experience in financial markets with emphasis on Treasury related experiencePost-graduate qualificationCapital management experienceExtensive experience in Treasury Governance with a track record of leadership and development of the function across businessesEssentialKnowledge and Skills RequiredUnderstanding of the policies, procedures and ethical requirements of a Treasury environmentKnowledge of interest rate risk management including structural and behavioural analysisKnowledge of liquidity and funding risk managementKnowledge of capital risk managementKnowledge of financial markets and economic fundamentalsKnowledge of treasury, retail, corporate and capital markets productsExcel competencyCommunication skillsPreferredA detailed knowledge of the Treasury Balance Sheet Management Understanding of banking across segmentsAbility to influence decisions with ability to lead strategy on future initiativesAbility to price and drive customer profitability discussions in line with return targetsKnowledge of credit process, financial accounting and IFRSLanguageEnglishSwahiliAbsa ValuesApprovalsAbsa’s Values And Behaviours Represent The Set Of Standards Which Governs The Actions Of All Of Us Who Work For The Bank And Against Which The Performance Of Every One Of Us In Absa Are Being Assessed And Rewarded:TrustResourcefulStewardshipInclusiveCourageEducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)