Job title*

Manager, Assets and Liabilities Management

Job function*

Finance

Job family*

Treasury Capital Management

Job reports to*

Chief Finance and Value Management Officer

Level of Work*

3 - Managerial

Job purpose description*

Support ALCO in driving an efficient and manage liquidity risk, interest rate risk in the banking book, capital resources and to optimise the balance sheet ensuring compliance with policies, procedures and international best practices. Ensure that all other ALM responsibilities as detailed in the country ALCO mandate are managed and executed effectively. To support the CFO in effectively managing the liquid asset portfolio (the endowment hedge). Oversee local and SARB regulatory reporting.

Output group 1*

Risk, regulatory, Prudential & Compliance

Outputs and measures*

• Engage with ALCO on matters pertaining to IRRBB exposures and evaluate the impact of changes in regulatory requirements as pertains to IRRBB
• Proactively anticipate market and regulatory challenges as well as applicable stress scenarios in ensuring that the balance sheet is proactively managed.
• In consultation with CFO and Head TCM review policy and report on liquidity, funds transfer pricing (FTP) interest rate risk in the banking book (IRRBB) and capital with focus on balance sheet analysis, measurement, forecasting and budgeting.
• Report and escalate liquidity, IRRBB and capital limit and appetite breaches to the appropriate internal team as outlined in the Risk Management policy within the prescribed time frame in order to manage balance sheet risk and implement remedial actions.
• Monitor and review Treasury and Capital Management (TCM) liquidity processes and activities to align to SBG's policies and risk appetite frameworks as per the Finance Toolbox as well as local and SARB regulatory and international best practices to ensure the successful execution of tactical and strategic TCM responsibilities.
• Monitor the completeness of liquidity stress testing and scenario analysis
• Undertake IRRBB exposure analysis and evaluate risk utilisation versus risk appetite
• Align country and group policies, risk appetite framework, regulatory and international best practices to ensure the execution of tactical and strategic ALM responsibilities.

Output group 2*

Strategy

Outputs and measures *

• Develop an in-depth understanding of the Bank’s Client Segments and Client Solutions strategies, plans and objectives as well as the financial resources required to support the strategies, plans and objectives.
• Conduct research and use specialist expertise to evaluate market dynamics and the regulatory environment to ensure alignment to international ALM best practises.

Output group 3*

Data

Outputs and measures *

• Review, validate and include liquidity and capital management metrics into the relevant applications and reports to Group, ALCO and regulators.
• Provide insights as you prepare ALCO and Group presentations.
• Provide specialist advice and review on the data integrity, validation and reconciliation as pertaining to liquidity, FTP, Capital and IRRBB.
• Validate ALM models for the bank to ensure accuracy, integrity and relevance of model data and correct potential modelling errors to manage interest rate risk and liquidity risk.

Output group 4

Technology & Architecture

Outputs and measures

• Partner with the Quantitative Risk Management (QRM) systems team to enhance balance sheet reporting with an emphasis on enhancing forward-looking balance sheet reports.  Identify opportunities to leverage the QRM and other systems capabilities to automate reports and processes including regulatory returns in order to streamline the regulatory and ALCO reporting processes.
• Establish and maintain systems and procedures for the implementation of ALM risk management and for monitoring on a daily, weekly, monthly compliance with risk tolerance limits and appetite trigger approved by ALCO, AR ALCO, and Group ALCO
• Actively encourage an environment of innovation, continuously identify areas for automation and ensure a digital approach where possible across Treasury and Capital Management Functions.

Output group 5

Financial Management

Outputs and measures

• Provide leadership and specialist advice in achieving the key objectives of the Asset and Liability Management (ALM) and Liquidity Risk Management. 
• Provide specialist advice on the liquid asset portfolio and surplus liquidity portfolio proactively, evaluating the size and composition of the liquid asset portfolio against regulatory requirements, internally determined sector or product concentrations and liquidity risk appetite and projected liquidity requirements in addition to ensuring optimal returns.
• Develop daily dashboards highlighting the daily liquidity position and updated action plans required to address any liquidity breaches if applicable
• Measure, report and manage the outcomes of each measure of liquidity, FTP, capital and Interest Rate Risk in the banking book (IRRBB) to the ALCO and AR TCM in accordance with set policies and procedures.
• Measure and review metrics for monthly reporting and review FTP reports to ensure threshold limits are within acceptable ranges, balances sheet hygiene is maintained, and anomalies are communicated to ALCO and Africa Regions resources for resolution.
• Collaborate with the financial impact strategy pillar within TCM on emerging regulatory developments and recovery and resolution planning.
• Provide specialist advice on the treasury related matters including the determination and execution of balance sheet management and optimisation strategies, central coordination of liquidity, and execution of strategic term funding transactions in loan and debt capital markets.
• Provide specialist advice to the wider Finance team to conduct and review balance sheet metrics including but not limited to pipeline analysis, assess funding requirements. Liaise with internal stakeholders including Business teams, Market Risk and Global Markets to calculate and assess the viability of ALM metrics.
• Responsible for the review of FTP rates, profiling and funding curves used during forecasting and planning cycles.
• Collaborate with stress testing pillar within TCM to ensure that capital, liquidity and IRRBB stress testing are fit for purpose for input into strategic documents.
• Review and report the outcome of audit findings to ALCO and ensure remediation as per agreed timelines.
• Prepare and review the ALM content that is presented to product governance committee for the introduction of a new product
• Prepare and review regulatory returns for central bank and SARB

Type of Qualifications

Field of Study

Degree

Business, Finance, Treasury, Economics and Accounting, or related fields.

Other Minimum Qualifications, certifications or professional memberships

Qualified Chartered Accountant, Certified Corporate Treasurer, Actuarial, Certified Financial Analyst, or similar business, numerically biased certification.

Job Function

.Job Cluster

Years

Experience Description

Finance

Financial/Statutory Accounting

5-7 years

Deep specialist experience within the banking industry specifically modelling and analysis. Demonstrated ability to provide detailed insights regarding financial statements to senior and executive leaders.

Behavioural competency 1*

Competency Label: Meeting Timescales
Competency Description: This competency involves individuals adhering to time scales and meeting deadlines. The focus is therefore on being reliable at completing tasks and being punctual.

Behavioural competency 2*

Competency Label: Upholding Standards
Competency Description: “Upholding Standards” within the organisation is important for ensuring that high quality products and services are provided as well as for ensuring that trust is created and maintained. Individuals need to focus on developing proper and discreet behaviour and to honour their commitments in order to be effective at demonstrating this competency.

Behavioural competency 3

Competency Label: Generating Ideas
Competency Description: The greater the number of alternative ideas or solutions generated, the greater the probability of finding a good solution. This competency is about how fluent an individual is at generating ideas, the number of ideas they generate and how confident they are in their ability to generate unusual ideas or favour radical solutions. This is further enhanced by the extent to which an individual enjoys the creative process.

Behavioural competency 4

Competency Label: Exploring Possibilities
Competency Description: Exploring possibilities is about individuals being effective at displaying behaviours associated with different situations or problems. Individuals are required to look at a problem and define it in an abstract manner. Unpacking a problem in terms of its underlying principles and basing the problem on sound theory typically allows for deeper insight into the true nature of the problem. This makes the nature of the problem more complete, more meaningful and therefore longer term sustainable solutions more likely.

Behavioural competency 5

Competency Label: Providing Insights
Competency Description: This dimension is about providing insight with regards to aspects that are likely to have an impact on the organisation. It is about making it clear to others what the implications of internal and external organisational environmental factors and processes are on the competitive position of the organisation. Providing Insights should be done with a focus on improving the situation.

Behavioural competency 6

Competency Label: Developing Expertise
Competency Description: Developing Expertise is about individuals being open to learning as well as maintaining an efficient rate at which they learn. Furthermore, aims to develop relevant expertise can apply productively in service of their organisation's goals.

Behavioural competency 7

Competency Label: Examining Information
Competency Description: This competency serves to aid effective problem solving and requires being effective at probing and analysing situations efficiently and accurately. This competency is important because without sufficient analysis, effective solutions become less probable. In addition, poor analysis makes it more likely that individuals become confused and anxious, bored, error prone or overwhelmed by detail, which also impacts negatively on successful problem solving.

Behavioural competency 8

Competency Label: Documenting Facts
Competency Description: This emphasises logical reasoning, specifically when referring to an individual’s understanding of information and the clear communication of such information in writing. Logical reasoning is supported by a fact based or objective approach.

Behavioural competency 9

Competency Label: Interpreting Data
Competency Description: This competency is about interpreting data accurately with an emphasis on the processing and interpretation of numbers. This competency also includes the utilisation of technology.

Behavioural competency 10

Competency Label: Articulating Information
Competency Description: This competency is about effectively expressing ideas and concerns, giving presentations, explaining things to others as well as showing confidence in the interaction with other people, both strangers and acquaintances alike.

Behavioural competency 11

Competency Label: Team working
Competency Description: This competency is about working well in a team. In order to develop this competency, individuals are encouraged to acknowledge the views and contributions of others, and to involve others in decision-making.

Behavioural competency 12

Competency Label: Checking Details
Competency Description: This competency is concerned with the careful checking and confirmation of details in a task. Another behaviour associated with the Checking Details competency is being accurate. Being accurate requires individuals to have a strong quality orientation as well as to be thorough and detailed in their approach when completing tasks in order to avoid making mistakes.

Technical competency 1*

Competency Label: Economic Analysis
Competency Description: The ability to forecast the impact of macro environmental factors on the potential performance of bank assets.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Technical competency 2*

Competency Label: Financial Analysis
Competency Description: The knowledge and understanding of more advanced analyses and the way in which financial ratios, trends, business and value drivers interact.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Technical competency 3*

Competency Label: Financial and Accounting Control
Competency Description: Is able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Technical competency 4

Competency Label: Liquidity Management
Competency Description: The ability to analyse the Bank's cash flows against regulatory requirements for liquidity management and advise the Treasury and other functions on adjustments that are required in short, medium and long term funding.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Technical competency 5

Competency Label: Planning, Forecasting and Budgeting
Competency Description: The ability to plan financial objectives in terms of cost and/ or revenue for the short, medium and long term.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Technical competency 6

Competency Label: Transfer Pricing
Competency Description: Understanding and application of the process of assigning costs and revenues across multiple units, multiple legal entities and multiple geographies.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Typical direct reports for this job*

Number: No direct reports

Financial accountability*

Type of Budget: No Budget Managed
Type of accountability: Not applicable

Internal relationships*

Nature of relationship: Provide a service to them
Description: Provide complete and accurate information to internal stakeholders and market participants. Key committees are the ALCO, Board and EXCO. Establish strong relationships with Business partners to provide balance sheet specialist advice

External relationships*

Role type of external contact: Regulatory / Industry Bodies
Nature of relationship: Manage the relationship
Description or examples: Engage directly with Regulators, Rating Agencies and Banking Industry Forums.

Work environment*

Working Conditions : Regular overtime may be required
Physical Requirements: Open plan office