Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.
Job Summary
To be responsible for the in-country Balance Sheet Management functions of Asset and Liability Management, Liquidity and Funding, and Capital.
Job Details
Accountability: LIQUIDITY & FUNDING
Key actions to include:
- Supporting the Head of BSM in managing the banks Liquidity and Funding.
- Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
- Supporting the Head of Balance Sheet Management in compiling an annual funding plan, which is tracked monthly, with a challenge-and-review process against business STP, and RAF forecasts presented at monthly ALCO.
- Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES.
- Ensuring all behavioral assumptions from a liquidity perspective are in line with Absa Treasury guidelines
- Support Head of Balance sheet Management in setting and monitoring Liquidity Risk Appetite
- Support Head of Balance Sheet Management with liquidity stress testing
Accountability: ALCO PROCESS
Key actions to include:
- Supporting the Head of Balance Sheet Management in managing the banks ALCO process
- Timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
- Co-ordination of contributions and business proposals on behalf of ALCO members
Accountability: FUNDS TRANSFER PRICING (FTP)
Key actions to include:
- Supporting the Head of Balance Sheet Management in managing the banks FTP process
- Ensuring FTP guides business (Retail, BB, Corporate and Markets) behavior and immunizes businesses from market risk as far as possible
- Ensuring Absa liquidity premiums are incorporated in all FCY pricing by business
- Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
- As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioral profiles
Accountability: ASSET & LIABILITY MANAGEMENT (ALM)
Key actions to include:
- Supporting the Head of Balance Sheet Management in managing the banks ALM process
- Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) desk
- Measuring, analyzing and interpreting interest rate risk in the banking book
- Performing margin compression analysis
- Performing structural analysis and adjustment of all balance sheet items
- Ensuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Treasury guidelines
Accountability: CAPITAL MANAGEMENT
Key actions to include:
- Supporting the Head of Balance Sheet Management in managing the bank’s capital position
- Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
- Engaging with Finance teams to understand balance sheet reconciliation and trends
- Supporting the Head of Balance Sheet Management in compiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
- Determining capital buffers and performing Cost of Equity calculations in line with Absa Treasury principles and methodology.
- Supporting the Head of Balance Sheet Management in compiling the ICAAP
Accountability: RISK MANAGEMENT AND REPORTING
Key actions to include:
- Assist to drive the annual planning and review of Treasury STP, RAF and MTP budgets
- Reviewing daily risk and P&L reports
Education
Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)
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