The Role
Manage and optimize bank liquidity, funding strategy, balance sheet capacity, regulatory liquidity metrics, and funding costs. Responsibilities include liquidity forecasting, funds transfer pricing, contingency planning, stress testing, funding program management, institutional funder relationships, treasury controls, and support for liability product development. The role also leads direct reports, engages regulators and executives, and serves as secretariat for the Funding Executive Committee.
Summary Generated by Built In
Job DescriptionTo manage and optimize the Banks liquidity in accordance with the liquidity management framework and regulatory compliance to ensure the cost of funding is maintained within reasonable range. To develop and execute funding and liquidity management strategies that aims to achieve an efficient and optimally risk-adjusted bank funding structure within structural and regulatory constraints to enable business to operate in an efficient and sustainable manner.
Important Closing Date Note
Key Responsibilities:
- Develop and Coordinate the implementation of the bank’s funding strategy through partnership with the business segments.
- Manage balance sheet capacity in relation to the bank’s ALM risk framework
- Forecast funding needs of the bank and ensure they are met in an efficient and risk-appropriate manner
- Calibrate and mark internal curves for funds transfer pricing and money market funding issuance
- Ensure that the bank meets funding regulatory metrics such LCR, NSFR and other internal funding metrics
- Collaborate with the Intraday Liquidity Management desk to ensure sufficient liquidity plan
- Develop and maintain the Bank’s Liquidity Contingency Plans
- Develop and maintain the Bank’s Funds Transfer Pricing framework
- Take responsibility for developing a strategy for the overall funding of the bank in a sustainable, diversified, efficient and flexible manner underpinned by strong relationships
- Manage the Bank’s Institutional Funders portfolio, strengthening the Bank’s relationship with these clients
- Support the development of liability products and savings propositions with the business units
- Forecast and plan actual and contingent funding
- Improve understanding of deposit dynamics via behavioural modelling
- Drive market development on solutions that impacts funding
- Design and implement operational processes and controls in daily treasury operations
- Manage various secured and unsecured funding programs, such as repo funding, structured notes, unsecured bond issuance.
- Authorization of intra-day liquidity activities in the money market desk
- Act as back-up to the Intra-day
- Demonstrates pride in the organisation's brand, services and products by consistently delivering on the brands promise highlighting unethical practices
- Act as secretariat for the Bank’s Funding EXCO
- Contribute to the Bank’s stress testing program by facilitating the stressing of the deposit book
- Take full responsibility for performance management of all direct reports
Qualifications & Experience
- Bachelor's Degree in Finance, Economics, Accounting, Banking, Mathematics, Actuarial Science, Statistics, Business Management, or a related field.
- Postgraduate qualification in Finance, Treasury Management, Risk Management, Economics, Business Administration (MBA), or related discipline an added advantage.
- Professional certifications such as an added advantage:
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Chartered Treasurer (ACT)
- Chartered Accountant (CA(SA), ACCA, CIMA) or equivalent
- Certified Treasury Professional (CTP)
- Minimum 5 years' experience in Treasury, Funding and Liquidity Management, Asset and Liability Management (ALM), Balance Sheet Management, or Financial Risk Management within the banking or financial services industry.
- At least 3-5 years' experience in a management or senior specialist role.
- Proven experience in developing and implementing funding and liquidity strategies.
- Experience in balance sheet optimisation and funds transfer pricing methodologies.
- Strong understanding of money markets, funding instruments, and wholesale funding programmes.
- Experience in liquidity forecasting, stress testing, and contingency funding planning.
- Experience engaging with regulators, auditors, and senior executive stakeholders.
Competencies:
- Funding & Liquidity Management
- Asset and Liability Management (ALM)
- Regulatory & Compliance Management
- Treasury Operations & Capital Markets
- Financial Analysis & Forecasting
- Strategic Thinking
- People Leadership
- Decision Making & Judgement
- Stakeholder Management
- Communication & Presentation Skills
- Negotiation & Relationship Management
- Risk Awareness & Control
- Innovation & Continuous Improvement
- Results Orientation
- Professional Integrity
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Important Closing Date Note
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
14/10/26All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
Skills Required
- Bachelor's degree in Finance, Economics, Accounting, Banking, Mathematics, Actuarial Science, Statistics, Business Management, or a related field
- Postgraduate qualification in Finance, Treasury Management, Risk Management, Economics, Business Administration, or a related discipline
- Minimum 5 years of experience in Treasury, Funding and Liquidity Management, ALM, Balance Sheet Management, or Financial Risk Management within banking or financial services
- At least 3-5 years of experience in a management or senior specialist role
- Experience developing and implementing funding and liquidity strategies
- Experience in balance sheet optimization and funds transfer pricing methodologies
- Strong understanding of money markets, funding instruments, and wholesale funding programs
- Experience in liquidity forecasting, stress testing, and contingency funding planning
- Experience engaging with regulators, auditors, and senior executive stakeholders
- Professional certification such as CFA, FRM, Chartered Treasurer, CA, ACCA, CIMA, or CTP
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The Company
What We Do
FirstRand is a portfolio of integrated financial services businesses offering transactional, lending, investment and insurance products and services. The group seeks to build long-term franchise value and deliver superior, sustainable returns within acceptable levels of volatility. Its corporate centre houses key functions—including risk, compliance, governance, internal audit, treasury, finance and tax—that support the broader group and its operating businesses.
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