Treasury Analyst & Execution Dealer at ABSA | October 2024

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Job Summary

To be responsible for the in-country Balance Sheet Management functions of Asset and Liability Management, Execution Services, Investment, Liquidity and Funding, and Capital.

Job Description

Key Responsibilities:

CAPITAL MANAGEMENT 20%

Key actions to include:

• Supporting the Country Treasurer in managing the banks’ capital position
• Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
• Engaging with Finance teams to understand balance sheet reconciliation and trends
• Supporting the Country Treasurer in compiling 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 targets
• Determining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodology
• Supporting initiatives in the move to a Basel III regulatory environment

ASSET & LIABILITY MANAGEMENT (ALM) 20%

Key actions to include:

•  Supporting the Country Treasurer in managing the banks ALM process
• 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) desk
• Measuring, analysing and interpreting interest rate risk in the banking book
• Performing margin compression analysis
• Performing structural analysis and adjustment of all balance sheet items
• Ensuring all behavioural assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines

FUNDS TRANSFER PRICING (FTP) 15%

Key actions to include:

• Supporting the Country Treasurer in managing the banks FTP process
• Ensuring FTP guides business (Retail, Corporate and Trading) behaviour and immunizes businesses from market risk as far as possible
• Ensuring 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 profiles
• As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioural profiles

ALCO PROCESS 20%

Key actions to include:

• Supporting the Country Treasurer in managing the banks ALCO process
• Timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
• Co-ordination of contributions and business proposals on behalf of ALCO members
• Supporting Country Treasurer in executing the functions of ALCO Secretary

LIQUIDITY & FUNDING 20%

Key actions to include:

• Daily management of bank’s Liquidity and Funding and sharing the daily end of day position to Treasury management
• Supporting the Head of Treasury execution in formulating strategies to manage banks Liquidity and Funding position Optimally.
• Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
• Supporting the Treasury management in 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 ALCO
• Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES
• Ensuring all behavioural assumptions from a liquidity perspective are in line with Absa Treasury guidelines
• Responsible for the bank’s Liquidity Risk Appetite setting
• Responsible for liquidity stress testing

PERSONAL DEVELOPMENT

Key actions to include:

• Actively managing one’s own technical and soft skills development
• Researching, identifying and proposing training solutions to senior management for one’s own development

Risk and Controls Objectives

Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture

• Understanding 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.
• All mandatory training completed to deadline

Knowledge of the Bank’s products, services, and policies and/or another specialized knowledge required to undertake the role:

ESSENTIAL

• Understanding of the policies, procedures, and ethical requirements of a Treasury environment
• Knowledge of interest rate risk management including structural and behavioural analysis
• Knowledge of liquidity and funding risk management
• Knowledge of capital risk management
• Knowledge of financial markets and economic fundamentals
• Knowledge of treasury, retail, corporate and capital markets products
• Excel competency
• Communication skills

PREFERRED

• A detailed knowledge of the Treasury Balance Sheet Management Understanding of banking across segments
• Ability to influence decisions with ability to lead strategy on future initiatives
• Ability to perform balance sheet behavioralist
• Ability to ftp pricing curves and drive desired balance sheet behaviour

Absa Values

Absa’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:

• Trust
• Resourceful
• Stewardship
• Inclusive
• Courage

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)