Summary
Date Posted: Thursday, January 04 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Description
Responsibility 1
• Contribute to the overall management of the bank’s assets and liabilities in both local currency and foreign currency
• Ensure that adequate liquid assets are maintained at all times to meet Central Bank reserve requirements; and the bank’s funding needs.
• Ensure there is a liquidity contingency plan in place and approved by ALCO. This plan is to be activated during times when the bank is faced with liquidity challenges
• To monitor bank’s placement and borrowing limits and ensure all trades are within sanctioned limits.
• Contribute to building ECOBANK’s reputation in the international and local markets through personally demonstrating a high level of professionalism at all times, and through developing mutually beneficial working relationships in relation with agents, advisors, counterparties.
• Network with internal customers, external market participants and other ECOBANK dealing centres in order to solicit customer’s feedback, gain market intelligence and enhance Bank’s profile in the market.
• Liaise with Operations, IT and other support services in a bid to maintain the provision of high quality services.
• To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements.

Responsibility 2
CENTRAL BANK ACCOUNT
• Prepare money market blotter for sign off by Treasurer and MD by 1.00pm daily
• Liaise with retail banking and FINCON to determine inflows and outflows into and from central bank account. Approvals for inflows and outflows on BRB account should be sought from Treasurer
• Monitor daily cash balances at Head Office and branches and work with treasurer and head of retail to make recommendations for deposits into and withdrawals from the central bank account
• Make recommendations for investment of excess liquidity or funding of liquidity gap to ensure that reserve requirements are met
• Ensure that the central bank account is reconciled daily against the money market blotter. Any discrepancies should be noted and explained in a note to the treasurer

Responsibility 3
LIABILITY MANAGEMENT – DEPOSITS
• Liaise with Treasurer to determine deposit interest rates periodically
• Maintain a schedule of all deposit liabilities and call clients two days before the maturity to confirm disposal instructions
• Work with treasurer to ensure that each deposit is properly matched with an asset, and any liquidity gaps adequately managed
• Prepare a very practical liquidity contingency plan for approval by ALCO.
• Ensure there is a rolling 14-day cashflow plan capable of assisting in anticipating and managing the day-to-day cashflow needs of the bank.

Responsibility 4
ASSET MANAGEMENT – TBILL INVESTMENTS AND PLACEMENTS
• Maintain a schedule of the bank’s short and long term treasury bill investments, monitor their maturity and work with the treasury 2 days before each maturity date on rollover instructions
• Liaise with the treasurer on investments in government securities and ensure that auction documents are completed and submitted to the central bank on time
• Liaise with the trading desk in implementing investment decisions to make use of excess funds.

CORRESPONDENT BANKING
• Monitor correspondent account balances daily to ensure proper utilisation of funds and track daily liquidity position of the bank.
• Track upcoming maturing commitments to help forecast the liquidity needs of the bank.
• Work with the Treasurer to ensure there are adequate interbank lines for the bank’s trading activities

FX POSITION MANAGEMENT
• Liaise with treasurer to fix daily FX rates
• Maintain daily FX blotter. This should be signed off by the treasurer and MD by the close of each day
• Liaise with treasurer and marketing units on daily purchases and sales of FX to ensure that such activities do not adversely affect the bank’s liquidity position
• Liaise with treasurer to participate in weekly FX auctions at the central bank
• Cross check the calculation of the daily “Feuille de Liquidites” and “Position de Change Net” prepared by Treasury Operations

Responsibility 5
ALCO
• Assist Treasurer in the organization of monthly ALCO meetings and the preparation of ALCO reports such as
• Assets Profile and Mix
• Deposits Profile and Mix
• Large Fund Providers
• Internal Ratio Analysis
• Cost of funds
• Non Earning Assets
• Take minutes at ALCO meetings and ensure that these are circulated to members 3 days after the meeting has been held
• Assist treasurer to monitor implementation of ALCO decisions and report on status at the next ALCO meeting

TREASURY RESEARCH
• Develop a research base of market trends that affect treasury decision making e.g inflation rates, interest rates, FX rates, treasury bill rates for both Ecobank and the competition




Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education:

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