NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.
Job Summary
To support the Head of Treasury in and be accountable for Funding and Liquidity Management, Short Term Investments, ensuring liquidity and funding risks are managed in line with the allocated mandates and the respective internal and regulatory requirements, policies and procedures. Be a key player in the overall Treasury Asset and Liability Management(ALM) process, Funds Transfer Process(FTP), ALCO process, FX Risk in the Banking Book and IRRBB.
Job Description
LIQUIDITY MANAGEMENT 50%
In respect of the banks liquidity management, undertake the following actions:
Optimal management of the bank’s Liquidity and Funding in line with bank’s risk appetite and within regulatory framework.
Play a principal role in the annual integrated planning process to ensure the bank’s funding plan and funding sources are aligned to and able to support the bank’s ambition.
Funding Curve/Book Ownership and Structure
Develop local currency funding curves based on market factors and internal balance sheet structure
Drive strategy on local versus hard currency funding in each country and act as review and challenge for business
Set-up Funding & Short Term Investments (FSTI) books and ensure full ownership of trades, bookings, P&L and Risk on the Banking book and Investment portfolio.
Ensure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner
Develop and implement liquidity term premiums in local currency and ensure that these premiums are embedded in the FTP process in order to incentivize the correct behavior based on the balance sheet structure
Interact with business (Corporate and Retail) to ensure funding curve is appropriate for business strategy and provide training to business on funding curve construction
FSTI Risk Management
Liaise with Country liquidity risk and ALM managers to ensure that all relevant businesses are transfer priced according to the Transfer Pricing policy in a consistent, transparent and fair manner
Ensure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into account
Develop strategies to reduce the balance sheets risks created in the normal course of banking business. Together with ALM, achieve these strategies by incentivizing business and by advising on products to be rolled out in the Retail, Commercial and Wholesale markets
Represent FSTI on country / regional ALCOs as necessary do provide feedback on net risk positions and resultant Funding curve incentives
Provide country insight into stress testing and work with country liquidity managers to highlight jurisdiction / country specific issues
Work with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best commercial outcome. Work with Finance to implement hedge accounting solutions in each country to better enable economic hedging of liquidity, whilst minimizing MtM accounting volatility
Take Full ownership of FSTI risk positions, P&L generated, and actively manage both
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FSTI Reporting
Weekly liquidity conditions update (Daily in times of stress), including risk metrics
Monthly balance sheet updates on key liquidity and market risk metrics
Local Currency Funding curves presented monthly at ALCO’s
P&L explanations of FSTI book and ownership of the flash process
Desk level risk reports IR01
Explain price testing and bid-offer results
Other reports and Dashboards compilation and submission.
Financing for the Firm
Create wholesale funding franchise in Local Currency
Establish customer base and work with coverage to originate funding
Publish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding execution
Work with regulators and other interbank participants to develop the Money Market
When required, work with DCM and Long-Term Funding to issue senior debt and raise long-term bilateral funding.
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INTERNAL AND REGULATORY COMPLIANCE 30%
Key actions to include:
Manage funding and liquidity in compliance with internal and regulatory requirements.
Ensure a dynamic desk that promptly adopts to changing regulatory environment.
Ensure all applicable internal and regulatory reports are timely completed and submitted
Observe cut-off times and other central bank restrictions.
INVESTMENT 15%
Key actions to include:
Participating in the Treasury Investment Committee
Support the ALCO process as part of the secretariat.
Managing Surplus Liquidity and Liquidity Buffers to optimize risk / return
Investment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions
Observe portfolio benchmarking rules when tabling investment proposals
Formulating and implementing efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm
Enhancing portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines
Compiling and distributing detailed MI on portfolio composition and performance and drivers of performance
PERSONAL DEVELOPMENT 5%
Key actions to include:
Actively managing one’s own and the team’s technical and soft skills development
Researching, identifying and proposing training solutions to senior management for one’s own and for the team’s development
In everything one does, always demonstrate the NBC Values.
Perform all other duties as reasonably assigned by Line Manager.
FORMAL LEARNING REQUIRED
Education Level:
Graduate
Qualifications Required (Essential)
Bachelor’s Degree
Qualifications Required (Preferred)
ACI Dealing Certificate
EXPERIENCE REQUIRED
Essential
2-3 years experience in a core Treasury role.
Preferred
Market Making experience
Money Market and Funding experience
Management experience
Trading experience
In-depth trading knowledge / experience of local market Rates and FX products
ALM experience
Understanding of FTP
KNOWLEDGE AND SKILLS REQUIRED
Essential
Understanding of the policies, procedures, controls and ethical requirements of a Treasury environment
Cashflow Management skills;
Intermediate to Advanced Excel competency
Understanding of Money Market, Capital Market and Foreign Exchange Instruments and Pricing.
Understanding of political, geo-political, social and economic activities and its impact on inflation rate, exchange rates and interest rates
Performance Imperatives:
delivering results;
being aware of market trends;
business acumen
achieving high standards & best practise;
Qualifications
Analytical Thinking – Advanced (Meets all of the requirements), Bachelor`s Degrees and Advanced Diplomas – Business, Commerce and Management Studies, Decisiveness (Meets all of the requirements), Digital familiarity (Meets all of the requirements), Entrepreneurial thinking (Meets all of the requirements), Experience in a similar environment at junior specialist level, Investment Management (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development)
How to Apply:
This is Full-time Job, To submit your application, please follow the link provided below.