Job Description

SUMMARY:
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POSITION INFO:
MAIN PURPOSE OF THE JOB
To support the funding activities of the bank, optimise returns on surplus cash and manage overdrafts and overnight loans.
Key Performance Areas * Customer & Stakeholder Relationships

• Stakeholder Management: National Treasury (NT)
• Compile and send thirty days rolling cash flow projection to NT on a daily basis; and
• Compile Quarterly Debt Maturity Profile to NT.
• Stakeholder Management: Domestic Funders & Multi-lateral funders
• Front line in terms of deal initiation, rolling of maturing debt, investor communication and investor maintenance to source liquidity for the bank;
• Attend networking sessions to maintain investor relations; and
• Liaise with funders, JSE sponsors, arrangers and lawyers to put in place all legal documents, agreements and certificates to conclude private and listed bond or note placements.
• Board / committee contribution
• Attend and present at Liquidity committee meetings;
• Compile reports for Assets and Liability Committee (ALCO)
• Funding and Liquidity Management

Cost of Funding (COF)

• Continuously monitor movement in money market rates in the domestic market during trading hours;
• Determine money market rates on the organisation's own paper, based on benchmark rates, as quoted on Reuters platform;
• Quote money market rates on Reuters platform;
• Issue money market paper to investors at prices quoted on the organisation's Reuters page; and
• Negotiate call bond rates daily or as on request of funders.

Liquidity Management

• Communicate with funders and business in advance to determine potential roll-over of maturing debt and business requirements;
• Based on expected roll-over rate of maturing debt and loan book movement, raise funding to meet financial commitments on time;
• Pre-Fund expected outflows and build up an adequate liquidity buffer as informed by the Liquidity Coverage Ratio; and
• Invest surplus cash taking into consideration - perseverance of capital, maintenance of sufficient liquidity and maximise return.

Funding

• Subject to investor appetite and market developments, adjust the type of funding instrument, maturity buckets and develop new funding instruments where applicable; and
• In line with the strategy to lengthen the best maturity profile endeavour to raise funding according to the approved maturity distribution profile.

Repo Transactions

• Ensure there is sufficient stock or cash for settlement by calculating short positions and making sure that it is covered
• Market volatility

• Contribute meaningful when Treasury related legal documents and certificates are drawn up by Legal advisors and Attorneys; and promote the bank during interaction with financial market participants.
• Reviews and researches the market to anticipate and advise on trends and instances of increased market volatility
• Update all stakeholders on changing market conditions and predictions of future volatilities
• Reports on trends on market changes

Preferred Minimum Education and Experience

• BCom Degree or equivalent
• Registered Persons Exam
• 4 years Experience in Treasury front Office activities including funding and investment of surplus funds

Critical Competencies

• Advanced Microsoft Office
• Reuters Trading Platform
• Treasury/ Financial reporting software
• JSE Nutron Booking System
• Knowledge of the money and capital markets

Additional Requirements

• Extended hours as and when required.
• Travel as and when required
• Cope in a stressful Trading Environment