Manager, Treasury Services (Back Office Operations)

Grade:  Manager

Location: Headquarters

Reporting to: Senior Manager, Treasury Services

Responsible for: Treasury Back Office Operational Activities

Vision & Purpose

The role is to help the Bank to achieve its mission “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”. This will be by managing optimally on a daily basis the bank cash position and by making sure that the bank meets its short term needs, by preparing and maintaining accurate and up to date management reports and also by supporting all other units in their daily work related to treasury.

Nature & Scope

The core nature and scope of the job is to support the Head of the Treasury in implementing and growing the mobilisation of funding from the African Continent. The job holder will therefore directly support the front office desk responsible for the mobilisation of resources from the continent. You will also help the wider Treasury Services function in identifying treasury funding gaps and developing funding proposals, analysis of treasury activities, processing treasury transactions in the treasury management system, analyzing treasury risk and reporting. The role will also provide wider support to all of the Bank’s treasury back office activities to ensure segregation of duties at all times.

Duties and responsibilities

Accounting and Valuation Processes

  • Championing the accounting and valuation/revaluation processes of all treasury instruments i.e. mark-to-market valuations of all financial instruments;
  • Ensuring that all external debt and interest is properly accounted for and correctly reported on the company’s financial statements and working in conjunction with the finance function as required;
  • Daily review of bank reconciliations between the TMS and bank statements for all bank accounts;

Treasury Risk Management and Reporting

  • Analyzing and modelling treasury risks i.e. interest rate risk, FX risk (transaction and translation), commodity risk etc;
  • Championing the treasury function’s reports pack preparation for various stakeholders i.e. board packs, due diligence packs, investors roadshow packs, new relationship report packs etc;
  • Balance sheet exposure management i.e. identification of exposure, reporting and hedging proposals;
  • Maintaining the treasury risk register and ensuring it is up to date at all times and effectively communicated and that actions are taken by relevant stakeholders;

Treasury Procedures and Controls

  • Monitor compliance of all treasury activities relative to policies and market
    • best practices
  • Confirmation of bank’s treasury deals (including confirmation matching) and settlement processes;
  • Assist with the treasury function’s audit process for both internal and external audits including liaisons on an audit follow-up points;
  • Liaising with counterparties to process all front-office treasury activities including handling any queries arising after deal execution;
  • Communicating with counterparties and other functions within the Bank in order to solve ad hoc problems relating to treasury transactions when required to;
  • Responsible for maintenance and monitoring of the treasury processes and procedures’ manual;

Bank Account and Corporate Card Management

  • Nostro accounts management i.e. TMS database vs Bank Statement reconciliations and ensuring that the SWIFT-to-TMS (and vice-versa) straight-through processing is efficiently working;
  • Management of the Bank’s bank account management process i.e. opening, maintenance and closing of bank accounts;
  • Assist with the bank’s credit card relationship management i.e. establishing and liaising with credit card providers and ensuring the Bank secures/receives value-for-money services;
  • Work with HR in processing corporate cards for eligible staff members. Being the first contact point from both the Bank and the Credit Card Issuer on all corporate card issues (for both new issues and closing of credit card accounts);
  • Responsible for maintaining the Bank’s banking signatory model for all treasury related activities;

Treasury Documentation, Policies and Guidelines

  • Ownership of the Bank’s EMTN Programme documentation process by managing the ongoing update of the Base Offering Memorandum on a semi-annual basis;
  • Review the current treasury policy and propose any changes that may add value to the policy and the wider treasury function of the Bank;
  • Ensure that all treasury activities are carried in accordance to approved policies and guidelines;

Treasury Management System

  • Efficient management of the Bank’s bank accounts info-pool process (including the initial set-up) within the Treasury Management System;
  • Management of the TMS interfaces with the Bank’s internal and external systems and reconciliation of all treasury data to these systems;
  • Accountability for the support and maintenance of Treasury management system reports and the design and delivery of value adding new reports
  • Maintaining the Bank’s SSI’s details in the TMS and perform SWIFT/Telephone check confirmations;
  • Championing the identification of issues and inaccuracies of treasury transactions and system setup issues and resolving them;

Other

  • Any other duties that may be assigned to the role holder by Senior Management from time to time

 

Skills, Knowledge and Attitude

  • A first degree and post-graduate 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;
  • Recognised Professional Qualification in Treasury [AMCT, CTP (US or Canada), ACT’s Cert. in International Treasury Management, ACT’s Cert. in Cash Management, ACT’s Cert. in Risk Management, ACT’s Cert. Financial Mathematics & Modelling etc] or Accounting (ACCA, CiMA, CPA or Equivalent) will be a strong added advantage;
  • Excellent knowledge of accounting for treasury activities i.e. International Financial Reporting Standards ;
  • A minimum of 8 years of experience working in a treasury function either in a corporate institution, preferably in the financial services industry;
  • Solid grounding in financial systems database methodologies and financial modelling;
  • Solid experience in working with Treasury Management Systems;
  • Operational experience in a financial department with significant systems exposure
  • Previous experience in a treasury environment and solid understanding of treasury operations;
  • People and project management
  • Knowledge of treasury, debt capital markets, financial instruments and structures
  • Advanced Excel skills and computer literacy (eg SQL, Crystal Reports)
  • Excellent verbal and written communication skills in English. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic and Portuguese); and
  • Demonstrated leadership capabilities, including ability to organize and manage human resources from varied cultural backgrounds to attain goals
  • Ability to demonstrate proof of passion and commitment to the socio-economic empowerment of African countries and the ability to support the achievement of Afreximbank’s mandate.

Company