Job Description

SUMMARY:
To support the funding activities of the bank, optimise returns on surplus cash and manage overdrafts and overnight loans
POSITION INFO:
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 company'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 the company 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