Summary
Date Posted: Thursday, May 16 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
To manage the treasury department of the Bank within agreed risk parameters. This incorporates treasury and correspondent banking activities and effectively planning, managing and implementing foreign exchange operations, money market operations, and ensuring that appropriate levels of liquidity are maintained. Manage the Bank’s funding needs in a cost effective and risk appropriate manner with surplus funds invested profitably. Provide Technical support for ALCO Management and advice on the setting of interest and foreign exchange rates as well as interest rate mismatch and maturity mismatch limits.

Job Context
• Growth of treasury business, including Quality of treasury products portfolio with regard to competitively addressing current and anticipated target market needs.
• Minimization of exposures to and impact of risks inherent in treasury front office functions.
• Adequacy of liquidity and availability of sufficient credit and dealing lines to effectively support the bank's business.
• Quality leadership throughout the treasury business unit and translating into conducive work environment and employee satisfaction. Ensuring adequacy of personal and staff competence to effectively perform unit’s activities/tasks.
• Effectiveness of treasury business unit structure and systems (policies, process, procedures and tools) in achieving compliance requirements, optimal efficiency, resource utilization and cost containment.
• Quality management of customer expectations.
• Optimization of income from surplus funds through prudent investments and Effective exchange and interest rates pricing in supporting the bank's business objectives

Responsibilities
• Develop, manage and market the Bank’s treasury products and services in line with annual business and marketing plans while ensuring the Bank remains competitive and promptly reacts to changing market and customer needs.
• Manage the bank’s liquidity ensuring that the statutory cash ratio and liquidity ratio are met at all times and that there is sufficient liquidity to meet all business requirements.
• Manage the bank’s interest rate and foreign exchange risks and exposures, ensuring that market movements are monitored continuously to facilitate sound decisions and ensure that the bank’s exposures are maintained within approved limits and prudential considerations.
• Develop and market new treasury products to position the bank as a market leader in this business segment.
• Manage the availability of wholesale and money market deposits to meet the bank’s identified needs for profitable investments, ensuring that market movements are monitored continuously to facilitate sound decisions and ensure that the bank’s exposures are maintained within approved limits and prudential considerations.
• Undertake economic and market analysis and forecasting to enable the bank to anticipate changing conditions and to position itself effectively to take advantage of arising opportunities while managing risks within agreed parameters.
• Organize, manage and motivate the available human capital within treasury Department through establishment of suitable organization structure and implementing development programmes to optimize competence and productivity.
• Ensure full compliance with the Bank’s Credit Policy, BNR guidelines and appropriate provisions of the Banking Act in respect of treasury operations.
• As a member of the Bank’s Assets and Liabilities Committee and Management Committee take a proactive role in influencing policy and strategic direction of the Bank.

Key Result Areas
People
• Employee engagement
• Employee retention
• Competence development

Customer Focus
• Customer satisfaction
• Treasury service standards or benchmark

Financial Outcome
• Income (Revenue) targets
• Financial performance ratios
• Expense management goals

Governance and Controls
• Productivity or resource utilization standards or benchmarks
• Audit ratings
• RCSA ratings
• Implementation of change programmes

Person Specification
Education, Training, Skills & Experience
Technical Competencies
Financial Systems Administration
• Ability to apply concepts, and practices for analyzing financial control processes, translating these into functional requirements and technical specifications and delivering and maintaining these on Finance systems.
• EXPERT - Provides leadership in this field both within the organization and in the larger industry.
• Liquidity Management
• The ability to analyze the Bank's cash flows against regulatory requirements for liquidity management and advise the Treasury and other functions on adjustments that are required in short, medium and long term funding.
• ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others.
• Planning, Forecasting and Budgeting
• The ability to plan financial objectives in terms of cost and/or revenue for the short, medium and long term.
• EXPERT - Provides leadership in this field both within the organization and in the larger industry.
• Financial Acumen
• Knowledge and understanding of costing, budgeting and finance concepts and the understanding and application of related processes and procedures.
• EXPERT - Provides leadership in this field both within the organization and in the larger industry. Research
• The knowledge and understanding required to conduct research on investment opportunities, analyze financial performance trends and produce quantitative and qualitative information to inform investment decisions.
• SEASONED - Applies concepts without requiring supervision, able to provide technical guidance when required
• Economic analysis
• Forecasting the impact of macro environmental factors on the potential performance of investments.
• EXPERT - Provides leadership in this field both within the organization and in the larger industry.
• Performance Benchmarking
• The ability to select the appropriate index or other benchmark information to use to review investment performance.
• EXPERT - Provides leadership in this field both within the organisation and in the larger industry
• Active Investment Management
• The ability to actively managing securities and other assets to meet specified investment goals.
• EXPERT - Provides leadership in this field both within the organization and in the larger industry.

Behavioral Competencies
Solving Problems (Developing Strategies)
• This competency includes facets of behavior such as being visionary and establishing effective plans that take into consideration long-term aspects. This competency also includes the need for individuals to focus on identifying trends.
Solving Problems (Examining Information)
• This competency serves to aid effective problem solving and requires being effective at probing and analyzing situations efficiently and accurately. This competency is important because without sufficient analysis, effective solutions become less probable. In addition, poor analysis makes it more likely that individuals become confused and anxious, bored, error prone or overwhelmed by detail, which also impacts negatively on successful problem solving.
Influencing People (Directing People)
• This competency emphasizes the “leading” or “giving direction” part of leadership.
• The effective display of the “Leading People” competency is highly dependent on the effective display of a number of other competencies. Leading people is about taking control of as well as coordinating people and resources. While there are many different views on what leadership is, in this case, the concern is not focused on what leadership is, but is rather focused on the generic behavior associated with leading people.
Influencing People (Impressing People)
• This competency is about making an impression on others. It emphasizes bringing personal achievements to the attention of others, attracting attention, and giving recognition. These behaviors are important not because they lead to selfglorification, but because they play a role in influencing others and creating trust in personal abilities.
Delivering Results (Upholding Standards)
• “Upholding Standards” within the organization is important for ensuring that high quality products and services are provided as well as for ensuring that trust is created and maintained. Individuals need to focus on developing proper and discreet behavior and to honor their commitments in order to be effective at demonstrating this competency.
Delivering Results (Checking Details)
• This competency is concerned with the careful checking and confirmation of details in a task. Another behavior associated with the “Checking Details” competency is being accurate. Being accurate requires individuals to have a strong quality orientation as well as to be thorough and detailed in their approach when completing tasks in order to avoid making mistakes.
Adapting Approaches (Team Working)
• This competency is about working well in a team. In order to develop this competency, individuals are encouraged to acknowledge the views and contributions of others, and to involve others in decision-making.
Adapting Approaches (Showing Composure)
• This is about the extent to which individuals can remain calm under pressure and maintain poise before and during important events. As such, the competency addressed in this document is concerned with the extent to which individuals show behaviors that lead to the effective handling of pressurized situations.

Leadership Competencies
Aligning Business to Strategy
• Creates strategic insight for action; Recognizes interdependencies, connections and underlying patterns between different systems, trends, opportunities and threats in order to develop the optimum strategic response. Takes a long term, macro view on strategy. Makes strategic choices, sequencing and prioritizing actions to implement longer-term strategy.
Customer and Client Focused Innovation
• Creates new products to meet customer/client needs; Creates new services, products or solutions to serve customers in better ways. Scans the external environment to identify customer needs and designs new products or solutions to meet such needs
Driving Delivery of Results
• Works towards a strategic business opportunity; Identifies and implements a business opportunity that will have a long term impact on the business (which may include the organisation's reputation or brand image). Makes decisions, sets priorities, or chooses goals on the basis of inputs and outputs: makes explicit considerations of potential profit, return on investment, or cost benefit analysis.
• Based on the cost benefit analysis, makes decisions of entrepreneurial risk nature.
Holding People Accountable
• Makes tough performance decisions; Dismisses a team member when they act against organizational values or they continuously under-perform, not having responded to previous clear expectations, feedback and action.
Inspiring Performance for Execution
• Guides and drives execution; Enables the team to execute against the vision by providing clarity about roles, expectations and accountability. Continually communicates and reinforces the plan and recognizes and rewards the team's contributions or progress towards the goal.
Purposeful Collaboration
• Puts others' success first when it's relevant for the organization; is invested in others' success. Actively and explicitly supports other functions. Has the ability to re-priorities (even at the cost of own function's performance) when the best for the organization is to support another function.
Seeking Deeper Understanding
• Builds an extensive, in-depth awareness of macro-environmental trends; Seeks economic, political, ecological, sociological, technological, cultural and/or regulatory factors to shape major strategic decisions.
Influencing Others
• Uses strategic indirect influence; Understands the influence network (internal or external) and uses indirect influence to get buy-in and support from the strategic level. Designs and constructs a complex, multiple-step and multiple-player strategy to attain a larger enterprise objective. Engages with external stakeholders when needed.

Decision Making Parameters
• Appropriateness of the unit structure
• Pricing structures and negotiation parameters
• Product range for Global Markets business unit
• Give guidance, decisions and advice on all Global Markets, Interest and Foreign Exchange rate setting requirements for the Bank.
• Approval of expenditure within discretionary powers delegated through the Chief Executive Officer provided that such expenditure is within the approved strategy and annual budget for the bank.


Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education:

Job application procedure

You can apply by submitting your cover letter and CV to exechire@truenorthafrica.com with subject line Country Treasurer by 21st May 2024
All application documents Must be in either PDF or MS. Word.


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