Job Summary
The role holder will have specific accountability for the Treasury Execution and Investment functions, focusing on executing all Funding and Investment needs of the Country and the day-to-day management of the Market, Liquidity and Credit Risks that lie within the Treasury Book
Job Description
Accountability: DAILY LIQUIDITY MANAGEMENT
Key actions to include:
Funding Curve/Book Ownership and Structure
Develop local currency funding curves based on market factors and internal balance sheet structure
Set-up Treasury Funding Execution books and Treasury Execution Services (TES) Investment books and ensure full ownership of trades, bookings, P&L and Risk
Ensure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner
TES Risk Management
Liaise with Country liquidity risk and ALM managers to ensure that all relevant businesses are transfer priced according to the Transfer Pricing policy in a consistent, transparent and fair manner
Ensure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into account
Develop strategies to reduce the balance sheets risks created in the normal course of banking business Together with ALM, achieve these strategies by incentivizing business and by advising on products to be rolled out in the Retail, Commercial and Wholesale market
Provide country insight into stress testing and work with country liquidity managers to highlight jurisdiction / country specific issues
Work with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best commercial outcome
Work with Finance to implement hedge accounting solutions in each country to better enable economic hedging of liquidity, whilst minimizing MTM accounting volatility
Take Full ownership of TES risk positions, P&L generated, and actively manage both.
TES Reporting
Weekly liquidity conditions update (Daily in times of stress), including risk metrics
Monthly balance sheet updates on key liquidity and market risk metrics
Local Currency Funding curves presented monthly at ALCO’s
P&L explanations of TES book and ownership of the flash process
Desk level risk reports PV01
Explain DVar in relation to TES positions.
Financing for the Firm
Create wholesale funding franchise in Local Currency
Establish customer base and work with Sales to originate funding
Publish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding execution
Work with regulators and other interbank participants to develop the Money Market in country
When required, work with DCM to issue senior debt in country
Accountability: LONG TERM FUNDING
Key actions to include:
Working with the local team on the issuance of (where appropriate):
Unsecured funding (senior and subordinated capital)
Secured funding (securitization)
Managing the bond maturity (refinance) profile
Identifying new funding sources and diversification opportunities
Accountability: INVESTMENT
Key actions to include:
Manage Surplus Liquidity and Liquidity Buffers to optimize risk / return
Investment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions.
Formulate and implement efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm.
Enhance portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines.
Detailed MI on portfolio composition and performance and drivers of performance.
Accountability: ALCO PROCESS
Key actions to include:
Supporting the Head of Balance Sheet Management in managing the banks ALCO process
Timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
Co-ordination of contributions and business proposals on behalf of ALCO members
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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