Summary
Date Posted: Monday, August 15, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Title: Head of Treasury
Reports To: Managing Director
Tenure Permanent
Supervises:
Direct: Indirect:
• Trading
• Assets & Liabilities Management (ALM)
• Sales
Interacts/Interfaces with:
Internal:
• EXCO Team
• Level 2 Management
• Finance Department
• Business Teams
External:
• BOU
• Commercial Banks
• Forex Bureaus
• Customers
• UBA Treasurers forum

Job Purpose
Lead the performance and growth of the Treasury business to deliver Revenue performance and efficient balance sheet management.

Responsibilities /Key Deliverables
• Develop, cascade, and monitor the implementation of Treasury department strategy.
• Lead the growth of Treasury business, optimization of income from surplus funds through prudent investments.
• Develop, implement, and manage an effective FX trading, Liquidity, and foreign exchange Management Strategy for revenue generation.
• Develop, implement and establish procedures for monitoring market risks, liquidity credit and adherence to delegated/approved limits, set limits for Dealers, AMLs, Products and other precautionary limits such as Balance Sheet Triggers within the Bank and ensure that all aspects of Treasury are conducted within all applicable laws, regulations and procedures within the Banking industry.
• Oversee the dealing/interbank borrowing, lending, and foreign exchange activity in PostBank.
• Direct the management of foreign currency positions to protect bank earnings against adverse rate fluctuations, while purchasing bank and customer currency needs in efficient amounts to acceptable rates.
• Implement and monitor ALCO directives as per ALCO agreements/resolutions
• Ensure that the Bank meets all external and internal liquidity requirements and that proper contingency plans are in place to address excess and deficient liquidity incidences in line with the Bank policy and Procedures.
• Develop and implement mechanisms to minimize exposures to and impact of risks inherent in Treasury front office functions.
• Ensure effectiveness of Treasury Business Unit structure and systems (policies, process, procedures, and tools) in achieving compliance requirements, optimal efficiency, resource utilization and cost containment.
• Ensure quality of Treasury products portfolio with regard to competitively addressing current and anticipated target market needs.
• Build, nurture and maintain relationships with clients to ensure quality management of customer expectations.
• Lead and develop the Treasury team and manage their performance i.e. Quality of leadership throughout the Treasury business unit and translating into conducive work environment and employee satisfaction.
• Perform any other duty as may be assigned by the line Supervisor from time to time

Person Specification
Education & Training
• The ideal candidate should have a numerate or business related degree
• A professional Certification is an added advantage
• ACI Certificate is a MUST have.

Skills & Experience
• Minimum of 7 years working experience, within the Treasury function of a busy and profitable financial institution
• Practical experience and understanding of foreign currency markets, hedging, and exchange.
• Excellent knowledge of accounting and finance principles, with the ability to apply concepts within a treasury context
• Demonstrable strong communication skills
• Extensive and demonstrable business acumen in the treasury market for financial institutions
• Appreciation and/or exposure to Risk Management in a Financial Institution
• Ability to build and sustain productive Client relationships
• Excellent numerical skills
• Strong networking and stakeholder engagement skills.
• The ideal candidate should have an impeccable record of integrity

Work Hours: 8

Experience in Months: 84

Level of Education: Bachelor Degree

Job application procedure
To apply please e-mail your CV and cover letter to exec-recruitment@truenorthafrica.com and copy f.mukalazi@truenorthafrica.com before Monday 22nd August. All applications shall be acknowledged.

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