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Job Summary
The Treasury Execution Services team is responsible for providing expert advice and support in overseeing treasury investment portfolios across ARO entities, focusing on liquidity risk, interest rate risk, credit risk and capital efficiency, while optimizing overall performance and ensuring alignment with risk appetite.
Job Description
Monitoring and Reporting Treasury Investment Approach
- Consider interest rate cycles and advise Investment Committee on revenue enhancement opportunities
- Simulate stress events and advise on impact on entity and Group losses and SARB RWA impacts
- Consider and evaluate timing of switching to HTC portfolios
- Develop and implement appropriate benchmark performance mandates for each country across ARO
- Review and refine benchmark performance mandates as needed
- Ensure entity ALCO approval of methodology and monitoring of performance to benchmark portfolios
- Consider adjustments required based on current and projected economic environment and regulations
- Establish and maintain benchmarking methodology documentation
- Ensure compliance with Group Treasury benchmarking standards and guidelines
Performance Monitoring and Reporting
- Maintain and report on investment asset profiles (tenor, rates, currency)
- Provide monthly reports on actual performance of investment portfolios
- Report on opportunities to enhance performance and potential risks that need to be managed
Governance
- Advise Investment Management Committee of performance to benchmark mandates, performance to plan, and potential performance and risk management enhancements
- Ensure alignment to sovereign risk appetite and support recommendations to relevant governance forums
- Report to Group Non-Traded Market Risk (GNTMR) on portfolio performance, risk sensitivities, and alignment to risk limits
- Report to ARO Treasury Committee on risk appetite alignment, portfolio performance and investment approach.
FX Risk Management
- Assess the impact of FX risk in the banking book
- Consider enhancements to the hedging of FX risk
- Ensure compliance with FXBB policy
Capital Efficiency Management
- Monitor and report on SARB RWA impacts on investment holdings
- Support entities in diversifying sovereign risks and aligning with Group risk limits
- Support entities in planning and interlocking with Group capital management on capital demand
Interest Rate Risk Management
- Collaborate with the IRR management team to assess the impact of interest rate risk
- Consider enhancements to the interest rate risk hedge provided by the investment portfolio
Trading Book Funding Support
- Provide key oversight on the Trading Book funding framework across ARO Treasuries
- Monitor compliance and consider enhancements to the Trading Book funding framework
Business units & Client engagement
- Proactive engagement with all business revenue generating units for new product and offering to the market
- CIB & Institutional client engagement for funding and wholesale funding requirement.
Mandatory Risk and Control objective
- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.
Role/Person Specification
Preferred Education & Experience:
- Postgraduate Degrees and Professional Qualifications: Financial Sciences
- Minimum 5 years of experience in a similar position
Knowledge & Skills:
- Treasury and risk management technical skills
- Analytical skills
- Self-driven and good interpersonal skills
- Attention to detail
- Deadline-driven
- Advanced Excel and PowerPoint skills
Technical Competencies:
- Knowledge of financial markets
- Knowledge of economics
Behavioural Competencies:
- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
