Assistant Manager, Treasury & Markets, Business Support (Balance Sheet Management) [Cairo, Egypt]
POSTED BY: African Export and Import Bank AFREXIMBANK Egypt
REF:AFREXIM 2001
Date Published:Wednesday, July 10, 2024
Date of Expiration:Monday, January 6, 2025
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Working time Full-time
Location Cairo, Egypt
Deadline 07/21/2024
Reference MTAFX10
RESPONSIBILITIES:
1. This role will help the Bank to achieve its mission of “stimulating a consistent expansion of and diversification of African trade so as to rapidly increase Africa’s share of global trade, while operating as a first class, profit oriented, socially responsible financial institution and a Centre of excellence in African trade matters”.
2. Reporting to the Group Treasurer, the candidate is responsible for providing support to the Treasury & Markets Balance Sheet Management function which sits within the Treasury Business Support Unit in order to ensure that treasury responsibilities are delivered, with risk consciousness at all times, and in an effective and efficient manner.
3. The successful candidate shall work as part of the Treasury Business Support team responsible for Balance Sheet management and contribute to the delivery of the Treasury & Markets wider consolidated balance scorecard.
4. The role is to support the Treasury Business Support function within the Group Treasury Division relating to Balance Sheet data analysis, data collation, balance sheet modelling, system testing, risk identification, measurement and response documentation, policies and procedure manual updates and Balance Sheet Management reporting.
5. Ultimately, the role will support the Treasury & Markets Business Support (Balance Sheet Management) core primary remit of risk identification, assessment/measurement and reporting.
6. Balance Risk Analysis, Monitoring and Management
1) Responsible for identifying, modelling, analysing, measuring/quantifying and reporting all balance sheet financial risks i.e. interest risk, foreign exchange or currency risk, duration risk, yield risk etc.
2) Responsible for developing Asset & Liabilities Management (ALM) processes and procedure manual to support management of key balance sheet risks.
3) Responsible for analyzing key balance sheet metrics to identify drivers, trends and risk to inform recommendation on positioning and optimization of treasury management strategies to the Group Treasurer, Senior Management and the Assets & Liabilities Committee (ALCO).
4) Responsible for preparing and reviewing the Bank’s balance sheet open positions and making necessary recommendations to the Group Treasurer.
5) Responsible for leading the development and quantification of a robust and documented interest rate and liquidity risk evaluation processes in the Treasury & Markets Division.
6) Champion the production of key inputs and work with stakeholders on balance sheet stress-testing exercises.
7) Build ALM models to inform Funds Transfer Pricing (FTP) and enable measurement of the Bank’s Asset- Liability gap.
8) Ownership of the Treasury cost-curve from modelling to feeding into all relevant pricing and valuations feeds i.e. FTP process, fund raising guidance, financial reporting etc.
7. Pricing and Valuation Management
1) Responsible for championing the pricing of financial instruments (i.e. loan pricing, derivatives pricing etc.)
2) Responsible for analyzing and reporting the mark-to-market valuations of financial instruments for internal use as well as for clients.
3) Responsible for periodic review of pricing model updates and circulation of the Bank’s benchmark pricing shared with the business origination team as pricing guidance.
4) Work with key internal stakeholders to price products and project.
5) Be the go-to on all risk-base pricing matter i.e. FTP, Benchmark pricing, point-in-time valuations e.t.c.
6) Responsible for supporting the rollout and coordination of a new FTP framework, methodology and engine across functional line of business by leading detail discussions with various senior stakeholders explaining key changes in the process, methodology and funding rates.
7) Ownership of the Bank’s end-to-end benchmark pricing process.
8. Covenants Management and Reporting
1) Responsible for the preparation of all Covenant Certificates and reports and submitting same to all lenders of the Bank.
2) Co-ordinate, internally, the collation of all information covenants from all the responsible functions, review of same and subsequent submission to lenders.
3) Responsible for reviewing all covenants for the Bank’s liability portfolio and ensuring standardization across the borrowing portfolio.
4) Responsible for responding to covenants issues, liaise with the relevant stakeholders in the Bank to get appropriate responses for communication to lenders.
5) Responsible for the end-to-end periodic review of the treasury counterparty and Dealers limits process.
9. Risk and Audit Review Process Management
1) Assist with preparation and analysis of audit and risk review schedules as and when required.
2) Responsible for developing risk and audit findings action plan and closing all risk and audit related action points.
3) Responsible for completing Risk Control Self-Assessment (RCSA) exercise and ensuring the Group Treasurer’s sign-off on time.
4) Responsible for the end-to-end management of all issues raised by internal and external Auditors including the Risk Management risk reviews action points.
5) Responsible for on-boarding new counterparties, allocating approved limits and enabling them to trade with the Bank on the Bloomberg platform.
6) Responsible for setting up all necessary limits in all the systems used by the Treasury & Markets Division.
7) Responsible for the periodic preparation of the limits and risk identified summary dashboard report to the Group Treasurer.
10. Cash and Liquidity Management
1) Responsible for collecting data required for the ILAAP process.
2) Responsible for updating the ILAAP models and prepare ILAAP reports.
3) Responsible of analysing of ILAAP results, comments and recommendations on liquidity risk management
4) Responsible for championing, from Treasury & Markets perspective, all stress-testing related exercises carried out by the Bank, which require Treasury inputs.
5) Work with the Market & Risk team in the Risk Management function on areas of financial is management, monitoring and reporting.
11. Asset-Liability Committee (ALCO) and Liquidity Management Working Group (LMGW)
1) Responsible for managing the end-to-end ALCO and/or the LMWG meetings whilst acting as the Secretariat on a rotational basis with colleagues with the TRMA function.
2) Responsible for coordinating all full year ALCO and/or the LMWG meeting scheduling for the ALCO members.
3) Responsible for preparing and presenting the Treasury & Markets ALCO report and ensuring everyone responsible for submitting ALCO reports, do so as per guided timelines.
4) Responsible for maintaining a report submission diary for all functions and preparing quarterly summary ALCO meeting deliberations and decisions made by the ALCO for the President and the Executive Management.
5) Responsible for researching and recommending ALCO training for the ALCO members.
6) Responsible for assisting the Chairman of the ALCO and the LMWG in coordination of the ALCO/LMWG meetings.
7) Responsible for taking ALCO/LMWG meeting notes and subsequently writing minutes and getting them signed-off by the Chairman as living official records of the Bank.
8) Responsible for ensuring that all matters arising are followed up and closed.
9) Stand-in and perform the Secretariat’s responsibility of the ALCO/LMWG in the absence of the substantive Secretariat.
12. Treasury Management System (TMS)
1) Review all deals posted in the TMS ensuring have substantiating signed-off documentation attached to them.
2) Actively get involved in all TMS test cases formulation and the actual system testing.
3) Actively be involved in all Treasury Systems reviews and implementation projects.
4) Responsible for preparing and submitting weekly reports to the Group Treasurer on statistics of deals posted in the Treasury Management System (TMS), which have back-up documents attached and do not have back -up documents attached.
13. Treasury & Markets Risk Management and Reporting
1) Responsible for preparing the Treasury & Markets Balance Sheet Management functional monthly reports.
2) Responsible for preparing the Treasury & Markets Division internal monthly risk report.
3) Responsible for arranging and coordinating Treasury & Markets Division monthly risk discussion meetings and ensuring that these meetings do not fail to take place every month.
14. Other
1) Any other duties that may be assigned to the role holder by Senior Management from time to time.
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1. A first degree in a relevant discipline i.e. accounting, financial management, economics, numerical or other related disciplines and a postgraduate degree in a relevant field. Recognised professional certification in a relevant field may be acceptable in lieu of a post graduate degree.
2. Master’s degree in area of Finance, Economics, Accountancy or MBA with a specialisation in Finance or Mathematical Sciences with a speciality in Financial Mathematics.
3. Recognised Professional Qualification in Treasury Management (MCT, AMCT, CTP, ACI, ACCA, CIMA, CFA) will be a strong added advantage.
4. A minimum of 5 years of experience working in a treasury settlement function either in a corporate institution, but preferably in the financial services industry.
5. Solid grounding in financial systems database methodologies and financial modelling.
6. Solid experience in working with Treasury Management Systems and/or excellent MS Excel Modelling proficiency.
7. Excellent experience in a treasury and/or finance department with significant modelling systems exposure.
8. Previous experience in a treasury environment and solid understanding of treasury operations.
9. People and project management.
Contractual information:
1. Permanent employment
2. Willing and able to relocate to Cairo for the opportunity.
3. Suitably qualified candidates from all African nationalities are encouraged to apply.
If you wish to apply for the position, please send your CV to Matthew Taylor at mataylor@caglobalint.com
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