Reports to: Managing Director/ Regional Treasurer
Direct Reports: 8
Job Purpose
To drive and achieve agreed Treasury targets in line with the business objectives through the provision of focused treasury business plans, business development, striving to maintain income, cost and operational standards, management and development of accurate systems and Management Information; Staff management and development and executive management contribution.
Responsibilities
- Staff Management and Development
- Define targets and responsibilities of desk heads (liquidity management, market-making and sales) under the approval of the Regional Treasurer and manage and implement the performance contracts of dealers.
- Meet staffing numbers and skill/experience levels as directed by the Regional Treasury and implement the preferred model for Treasury.
- Maintain and foster a focussed, top class work culture of all Treasury employees.
- Ensure that staff pursues goals and training to maximise their potential.
- Identify and develop successor(s) planning at all levels in the management hierarchy and include cross training as part of a defined staff development plan.
- Business Planning
- Prepare and agree a Treasury Business Plan with the Country Executive that encompasses and supports the Treasury vision. Acquire approval from the Regional Treasurer for the plan.
- Disseminate the objectives and strategies of the plan to staff.
- Management of multiple stakeholders and relationships will be a feature, including the management of relationships within African Business Units and Business Banking.
- Income, Cost and Operational Standards
- Strive to achieve a zero defect operational standard.
- Provide support and assistance to internal and external auditors of the bank.
- Proactively manage all interest rate risks associated with the gathering of liabilities and assets within the country operation where this is the direct responsibility of Treasury.
- Ensure that all interest rate risk is minimised or managed within guidelines, limits set by the bank and in adherence to regulatory requirements.
- Ensure that the liquidity of the bank meets bank/regulatory requirements at all times.
- Ensure that FX risk and liquidity exposure is minimised and managed within limits granted by the bank at all times.
- Manage and maintain foreign currency accounts within set guidelines, minimising the cost of maintaining such accounts.
- Maintain a thorough knowledge of capital management issues and contribute to the efficient allocation of capital across business units.
- Apply the transfer pricing policies of the bank at all times.
- Needs to balance the conflicts between business needs and client needs.
- Treasury budget accountability
- Business Development and Control
- Work to maintain an orderly and efficient market place within the country drawing on support from the Central Bank, local banks and regulatory authorities.
- Investigate, develop and promote new Treasury products and services as required by Treasury internal customers and external customers of the bank.
- Work closely with Regional and Group Treasury in the promotion of new products and services.
- Proactively encourage and foster a sales culture within Treasury embedding customer service and sales targets.
- Manage and monitor sales and profit targets based on customer flows.
- Encourage and support the development of a market- making desk in local currency, interest rate and local currency/third currency foreign exchange products. Progress the development of a liquid inter-bank market in the domestic currency.
- Provide innovative product proposals and strategies backed up by high quality market analysis to internal and external customers, based on a sound understanding of market conditions, customer demand and agreed risk tolerances.
- Systems and MI
- Support, develop and assist in the implementation of IT structures, processes and controls as required by Group.
- Produce the necessary management information as required by Group and Regional Treasury. Actively support the Finance Division and Treasury Operations area in the provision of accurate and reliable financials, reconciling and eliminating differences as they occur.
- Executive Management Contribution
- Represent Treasury at all senior executive country forums, dialogue with the Central Bank and actively develop customer contacts for Treasury products and services.
- Communication
- Chair meetings with team members to cascade information, briefing of task assignments, exchange of ideas and technical explanations;
- Communicate to the business on proposed changes, including new procedures
- Generate activity treasury reports and other communication to the Regional Treasurer and Directors on issues such as business cases, budgets, workflow analysis
Requirements
- MBA or equivalent qualifications are desirable.
- Previous experience in Treasury environment.
- Extensive knowledge of Project Management principles.
- A wide range of contacts within Business Banking Trade Services would be an advantage.
- Superior communication skills; effective speaking & presentation skills;
- Strong analytical and effective negotiation skills.
- Willingness to frequently travel within Africa.
How to apply:
Send your application including a cover letter indicating your desire to work with our client; a detailed CV highlighting relevant experience, details of current and expected salary, a daytime phone contact, email address, and the names of three professional referees by close of business Tuesday 14th September 2010.
Adept Systems
MANAGEMENT CONSULTANTS
P O Box 6416, Nairobi, GPO 00100
Email: recruit@adeptsystems.co.ke
Only short listed candidates will be contacted. Please note that we do not charge fees for receiving or processing job applications. Visit our website for more vacancies.
