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 Summary

To plan, manage and monitor the implementation of Treasury Execution Services (TES) management and related activities and processes in order to deliver on approved operational plans in an effective and efficient manner. Ensure that all activities and duties relating to TES are carried out in full compliance with local regulatory requirements, Group requirements, Enterprise Wide Risk Management Framework and internal ABSA Policies and Standards.

 

Job Description

 

To be accountable for the (Treasury Execution Services) TES Desk, focusing on executing the separate and distinct mandates as they relate to the Banking Book. Ensuring that all risks are managed in line with the respective mandates and the respective policies and procedures, with special focus being placed on the management of the Investment portfolio, funding and liquidity of the Bank.

1. Strategy – To focus on driving the Treasury agenda on TES and ensuring successful delivery of Treasury objectives whilst guiding the teams to meet their objectives. This includes overall responsibility and accountability for Money Markets activities relating to the Banking Book, adequate funding of nostros, banking book investments, and execution on Treasury’s strategies on investments and Capital Management.

Taking responsibility for proposing investment strategies and driving TES to execute ALCO and Investment Forum approved strategies.

 

2. Regulatory engagement – Key actions to include:

  • Regulatory engagements when required with the Central Bank dealing room, Min. of Finance, market participants and other relevant stakeholders.
  • Managing the institutional market client relationships and maintaining strong relationships with these key external stakeholders.

 

3. Business Performance – The TES Manager ensures the following:

  • Full attendance at: ordinary and ad-hoc Investment Forum and forums as required by the country Treasurer or the CFO and as prescribed by policies;
  • Reviewing and approving the reports submitted to the Investment Forum;
  • Active contribution to bank strategy initiatives.

In respect of the bank’s liquidity management, being responsible and accountable for:

  • Funding Curve/Book Ownership and Structure
  • TES Risk Management
  • TES Reporting
  • Investment of Liquid Assets to meet regulatory requirements and liquidity objectives;
  • Enhance revenue and optimise funding costs by managing Surplus Liquidity and Liquidity Buffers in order to optimise risk / return;
  • Optimize daily intraday clearing by ensuring that shortages / surpluses are funded / invested as optimally as possible;
    • Hedge all manageable interest rate risk in the banking book through investment in qualifying liquid assets;
    • Ensure all Treasury’s funding related market facing activities including interbank/wholesale funding and intra-day liquidity management are performed within Group policy;
  • Assist in the implementation of FTP initiatives in-country;
  • Ensure the operational execution the issuance of:
    •  Unsecured funding (senior and subordinated capital);
    •  Secured funding (securitization) ;
    •  Management of the bond maturity (refinance) profile;
    •  Identify new funding sources and diversification opportunities;
    •  Investor relations & debt related investor enquiries.

 

4. Daily Liquidity Management – key actions include:

  • Manage the TES Desk, ensuring adherence to Funding and Liquidity policies, including Contingency Funding Plans, whilst holding the responsibility of ensuring that the entity remains liquid;
  • Ensure regulatory compliance in respect of liquidity, especially with Mandatory Reserves in local and foreign currency;
  • Ensure compliance with exposure limits as sanctioned by Group Risk and in-country Risk for local and international entities;
  • Be responsible for the custodianship of the bank’s Contingency Funding Plans.

 

5. Capital Risk Management – key actions include:

  • Support the Capital Management Desk in the execution of capital strategies;
  • Support in the execution of capital transactions, including dividend payments, issuance of equity and debt capital, etc.

 

6. Economist – Prepare monthly reports on the following:

  • Key local political, social and economic developments.
  • Key regional economic developments.
  • Key developments in the world economy and southern Africa.
  • Local inflation and other key macroeconomic indicators such as GDP, BoP, Foreign Reserves, Interest Rates, etc;
  • Monetary policy and other relevant regulatory developments.
  • Economic section of the Annual Financial Statements.
  • Ad-hoc economic reports as required by the Treasurer, CFO or ALCO.
  • Economic sections of the ICAAP and Recovery Plan.
  • Review and challenge of economic assumptions for the bank’s budgeting process.
  • Research on the fixed income market to support investment recommendations for the Banking Book.

 

7. Governance and Control – key actions include:

  • Understand and manage risks and risk events (incidents) relevant to the role.
  • Ensure a strong compliance culture within the team.
  • Ensure adherence to all the relevant policies and procedures.
  • Ensure that all deals are dealt within dealer limits (market risk limits, counterparty limits, dealer’s mandate).
  • Ensure high quality of service to all internal and external stakeholders (reputational Risk).

 

8. Leadership – key actins include:

  • Supporting the TES team in achieving its objectives.
  • Providing on-the-job training to the TES team.
  • Ensuring that the TES team get the external training required for Treasury, including the ACI Dealing Certificate.
  • Driving the teams to exceed their personal and team goals.
  • Assist in hiring and retaining the Best People.
  • Implement strategies to ensure that the business unit attracts, retains and develops talent.
  • Establish and maintain a succession plan for key roles in TES.
  • Manage the team Performance Development process to ensure measurement against business objectives and to address non-performance.
  • Drive a culture of proactive compliance and risk management within the team.

 

9. ACI Dealing Certificate – The TES Manager must be ACI certified and is required to accept the principles of behaviour and market practice espoused by the FX Global Code and to follow other relevant market-applicable Codes of Conduct endorsed by ACI FMA.

 

Education

Bachelor`s Degrees and Advanced Diplomas: Economic and Management Science (Required)

How to apply

Applications can be made through the link –

Careers