Manager, Asset and Liability Management at Standard Bank Group

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  • Company: Standard Bank Group
  • Location: Kenya
  • State: Nairobi
  • Job type: Full-Time
  • Job category: - - Accounting Jobs in KenyaEconomics Jobs in KenyaFinance Jobs in Kenya
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Job Description
Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. “Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in sub‑Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC). In line with the realities of risk, regulation, technology and competition that characterise our operating context, we continue to invest significantly in our diversified operations; our people and culture; our systems and infrastructure; and our brand. In doing so, we understand that our commercial success and social relevance over the long term depends on placing our clients at the centre of everything we do, and ensures that the outcomes of our activities are a catalyst for growth on this continent we call home. The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BBB- (negative), Moody’s Baa2 (negative) and Standard & Poor’s BBB- (negative). The group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The largest bank in the world, ICBC, is a 20.1% shareholder in the group. Other than the 20.1% ICBC shareholding, 32.9% of Standard Bank’s shareholder base is foreign. We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness.

JOB PURPOSE

To maintain the ALM business process Kenya and South Sudan as a strategic value-adding activity and ensure that that ALM responsibilities are managed and executed effectively.

KEY RESPONSIBILITIES
  • Liquidity Risk/Interest Rate Risk in the Banking Book (IRRBB)
  • To ensure all the funding in both kes and foreign currency is done optimally daily meeting revenue targets.
  • To ensure the execution of both strategic and tactical management responsibilities;
  • To establish and maintain systems and procedures for implementation of and for monitoring on a daily, weekly and monthly basis compliance with the tolerance limits and appetite triggers approved by ALCO
  • To review the daily dashboards highlighting to in country and centre ALM and GM stakeholders the daily liquidity positions and updated action plans required to address any liquidity breaches if applicable
  • To give prompt attention and escalate any liquidity limit and appetite breaches to the specified bodies per this policy within the prescribed timeframes
  • To propose action plans to the ALCO committee to address limit and appetite breaches
  • To review and ensure the prompt and accurate preparation of all relevant returns to and reports required by banking supervisors
  • To review and re-calibrate, on at least an annual basis, all behavioural liquidity assumptions and submit updated assumptions to ALCO (for approval)
  • To investigate and report the outcomes of each measure of liquidity and IRRBB to the ALCO in accordance with set policies and procedures
  • To report the outcomes of audit findings to the in country ALCO and ensure remediation as per agreed time lines
  • To provide ALCOs with substantive documents, should they be requested
  • To apply forecasting models and scenario analyses to anticipate potential future liquidity constraints
  • To back-test and ensure the accuracy, integrity and relevance of model data and correct potential modelling errors
  • To review and update all assumptions pertaining to liquidity stress testing scenarios and associated contingency plans on at least a quarterly basis
  • To review day-end and month-end data to enable reporting on historical compliance or non-compliance with tolerance limits and appetite triggers, with appropriate commentary over daily, weekly, monthly, quarterly or annual periods
  • To ensure that all types of liquidity risk and IRRBB within the Bank are captured and appropriately modelled
  • To ensure the continuity in the application of the standards, policies and procedures through education and training
  • To review Basel 3 templates and other additional group requirements when required
  • To review on at least a quarterly basis the viability of haircut assumptions on liquid assets and currency surplus
  • To ensure that there is adequate engagement with stakeholders and detailed analysis conducted on forecast planning as per the forecast guidelines distributed by Finance
  • To liaise with the relevant stakeholders to ensure that funding plans and contingent funding plans are fit for purpose
  • To review and conduct pipeline analysis and assess funding requirements
  • To review FTP segmental profiling on a quarterly basis
  • To ensure interest rate house views are formulated with stakeholder engagement and presented at ALCO’s
  • Reporting and engaging with internal and external stakeholders (e.g. ALCOs, regulators, etc)
  • Assist in preparation of Annual Financial Statements and results from an ALM perspective
  • Assist in the implementing of QRM risk system
QUALIFICATIONS
  • Post-graduate degree in finance/ economics/ maths/ statistics/ financial risk management.
  • 5 years minimum experience working in banking.
  • Sound knowledge of ALM and treasury management strategies.
  • Knowledge of financial markets and economic fundamentals.
  • Comprehensive knowledge of treasury products and good general knowledge of retail, corporate and capital markets products.
  • Appreciation of finance and risk issues.
Method of Application
Submit your CV and Application on Company Website : Click Here Closing Date : 30 April. 2022
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