Job Purpose: The middle office shall support the business to achieve its objectives by ensuring strict and independent risk management controls in all aspects of Treasury operations. The role shall be guided by the market risk policy and the treasury policies and procedures manual and shall work closely with the finance and risk departments.
People:
Liaise with subsidiary Treasury office representatives on a regular basis to give guidance and support on risk control and management activities in accordance to the market risk policy and the treasury policies and procedures manual.
Oversight of all Subsidiary Treasury operations and ensuring that all activities carried out are in line with the group’s strategic objectives.
To mentor, impart and cascade critical knowledge and skills to treasury staff within the subsidiaries.
Deliverables
Monitoring adherence of all risk management policies and procedures and reporting of exceptions;
Review the correctness of the market data loaded in treasury software and take ownership of maintained historical database on yields, exchange rates, volatilities etc.
Revalue and mark to market of portfolios;
Carrying out market analysis and articulating short-term view with regard to the bank’s risk profile;
Participate in risk assessment of new products before dealing is approved;
Development of robust valuation and risk measurement models for various trading products;
Daily monitoring of stop loss,dealer limits, tenure limit, counterparty limits etc.;
Daily monitoring of the blotters on deals booked and advising on any findings;
Effectively support and supervise the risk profile of dealers’ positions, in line with internal and external risk management and regulatory imperatives;
Maintain, monitor and report individual dealer, counterparty and open market limits utilization and violations;
Query and comment on fixed income trades at the point of initiation. Identify the justifications, pricing & stop loss limits before the trade is confirmed;
Mitigate settlement risks by checking and verifying deal tickets details and highlighting any discrepancies;
Query and analyse the Treasury P&L to establish trends and deviations from the norm. Investigate further the causes of any significant deviations from the trend and report to head of risk, treasury and finance;
Other Activities
Compilation of Group Treasury Reports. These includes;
Counterparty placement reports -Weekly
Limit Breaches – As they occur
Exemptions awarded – As they occur
FX exposure report
Qualifications
Qualifications and Experience
Undergraduate degree in business related field
ACI operations qualification
Professional qualifications in Risk from a recognized professional body is an added advantage
Relevant treasury front/bank office experience of 3 years
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