Job Title: Manager, Treasury Services (Middle-and-Back Office)
Reporting to: Senior Manager, Treasury Services
Responsible for: Treasury Middle-and-Back Office Activities
1. 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.
3. Nature & Scope
The nature and scope of the job is to support the Head of the 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 middle-and-back office activities to ensure segregation of duties at all times.
4. Duties and responsibilities
• Analyzing and modelling treasury risks i.e. interest rate risk, FX risk (transaction and translation), commodity risk etc;• Championing the accounting 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;• Review the current treasury policy and propose any changes that may add value to the policy and the wider treasury function of the Bank;• Monitor compliance of all treasury activities relative to policies and market best practices;• Championing the bank’s treasury deals confirmation (including confirmation matching) and settlement processes;• 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;• Ownership of the Bank’s EMTN Programme documentation process, that is, by managing the ongoing update of the Base Offering Memorandum on a semi-annual basis;• Championing the treasury function’s audit process for both internal and external audits including liaisons on an audit follow-up points;• 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;• Efficient management of the Bank’s bank accounts info-pool process (including the initial set-up) within the Treasury Management System; • Championing the 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• 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;• Liaising with counterparties to process all front-office treasury activities including handling any queries arising after deal execution;• Championing the Bank’s bank account management process i.e. opening, maintenance and closing of bank accounts;• Responsible for 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;• Championing the daily review of bank reconciliation between the TMS and bank statements for all bank accounts;• 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;• 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 maintaining the Bank’s banking signatory model for all treasury related activities;• Responsible for maintenance and monitoring of the treasury processes and procedures’ manual;• Any other duties that may be assigned to the role holder by Senior Management from time to time
5. Skills, Knowledge and Attitude
• A first Degree in a relevant discipline i.e. accounting, financial management, economics, numerical or other scientific 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), 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] and 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 At least 7-Years of experience working in a treasury function either in a financial or 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.