KEY RESPONSIBILITIES
Business
- Ensure that adequate liquid assets are maintained at all times to meet Central Bank reserve requirements, and the bank’s funding needs.
- Ensure there is a liquidity contingency plan in place and approved by ALCO. This plan is to be activated during times when the bank is faced with liquidity challenges.
- To monitor bank’s placement and borrowing limits and ensure all trades are within sanctioned limits. • Contribute to building ECOBANK’s reputation in the international and local markets through personally demonstrating a high level of professionalism, and through developing mutually beneficial working relationships in relation with agents, advisors, counterparties.
- Network with internal customers, external market participants and other ECOBANK dealing centres in order to solicit customer’s feedback, gain market intelligence and enhance Bank’s profile in the market.
- To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements.
- Analyze daily liquidity position and liquidity gaps in local and foreign currencies
- Optimize the return on excess liquidity in local and foreign currencies within ratio constraints.
- Manage the EKE balance sheet and ensure that regulatory and Group ratios are monitored and enforced.
- Prepare and present the monthly ALCO meeting.
- Ensure that regulatory and Group reporting is achieved within deadlines.
- Act as secretary to the ALCO committee.
- Manage the ALM profile of the balance sheet and associated market risks (FX, interest rate), within approved limits.
- Provide funding or investment levels to Account Managers on new transactions.
- Advise on trade operations.
- Mobilize resources in coordination with other commercial departments.
- Provide support in the management of Financial Institutions accounts.
- Identify new counterparties for ALM business (deposit taking and lending banks) and ensure limits are granted within a short timeframe.
- Ensure ALM process evolves in line with Group standards and International best practices.
- Manage credit risk in treasury portfolios and ensure it is compliance with limits.
- Act as back-up of the Treasurer if required to.
- Propose solutions in order to optimize the NRFF and the FTP, and the ALM process in general.Financial Management
- Deliver in EKE ALM budget numbers.
- To provide direction and migrate best practices, where necessary.
Compliance to Bank’s and Local Regulations
- To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements.
- To maintain high standards in terms of compliance and internal process ensuring complete adequacy to Audit requirements.
- To ensure the business meets its obligation in terms of client appropriateness and suitability of product supply.
- To maintain good relationship with regulators.
- To keep abreast of the changes in the business and regulatory environment.
Education & Experience
- 2 years banking experience
- Strong knowledge of various assets and liabilities on Ecobank balance sheet.
- Bachelor’s degree in business related field; Finance, Economics or Business Administration.
- ACI dealing certification is a must.
Complexity and Judgement
- FX and Money Market rate management in order to secure the optimum spreads without loss of business.
- To be able to analyse and interpret market news with a view to provide quality service and inputs to clients and other business units.
- To be able to analyse market trends and information and take steps to further grow business.
- To exert sound judgement as to expand customer base within appropriate regulatory and KYC environment.