Balance Sheet Manager job at Absa Bank

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

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Job Summary

The job holder is responsible for in-country Balance Sheet Management, including Asset and Liability Management, Liquidity, Funding, and Capital, ensuring the Bank is optimally funded, capitalised, and positioned to achieve strategic financial objectives and maximise shareholder value.

Job Description

Capital Management (30%)

• Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
• Engaging with Finance teams to understand balance sheet reconciliation and trends
• Compiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
• Determining capital buffers and performing Cost of Equity calculations in line with Absa Bank Uganda Treasury principles and methodology
• Co-ordinating all capital applications (including SBL dispensations and guarantee applications) ensuring quality of applications whilst managing in-country expectations.
• Risk Weighted Assets (RWA) hunt and challenge data inputs. Engagement with retail/wholesale credit risk teams to understand modelling capability and development
• Working with the Head of BSM to the deliver the local ICAAP and Recovery Plan.

Liquidity & Funding (30%)

• Ensuring adherence to Funding and Liquidity policies, including Contingent Funding and Recovery Plans, whilst holding the responsibility of ensuring that the entity remains liquid.
• Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
• Compiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCO.
• Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES.
• Ensuring all behavioral assumptions from a liquidity perspective are in line with Absa Bank Treasury guidelines.
• Responsible for the bank’s Liquidity Risk Appetite setting
• Responsible for liquidity stress testing.
• Working with the Head of BSM to the deliver the local ILAAP.

Asset & Liability Management (ALM) (20%)

• Responsibility for the in-country ALM process within the guidelines set by Absa Bank Uganda Treasury.
• Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) desk
• Measuring, analyzing and interpreting interest rate risk in the banking book
• Performing margin compression analysis
• Performing structural analysis and adjustment of all balance sheet items
• Ensuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Bank Uganda Treasury guidelines
• Participating in the Treasury Investment Committee

Funds Transfer Pricing (FTP) (10%)

• Ensuring the implementation of and adherence to the Absa Bank Uganda FTP standard.
• Ensuring FTP guides Business (Retail, Corporate and Markets) behavior and immunizes businesses from market risk as far as possible.
• Ensuring Absa Bank Uganda liquidity premiums are incorporated in all FCY pricing by business
• Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
• As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioral profiles

ALCO Process (10%)

• Ensuring timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
• Executing the functions of ALCO Secretary as and when requested.
• ALCO committee training on Capital, Liquidity & Funding and Risk

Qualifications

• Bachelor’s degree in Commerce, Business Administration, Statistics, Economics or a related field from an accredited University
• 3 – 5 years working experience in a similar role preferably in a financial institution.

Knowledge

• Knowledge of Accounting and Finance
• Knowledge of liquidity and funding risk management
• Knowledge of capital risk management
• Knowledge of financial markets and economic fundamentals
• Knowledge of treasury, retail, corporate and capital markets products
• Excel competency
• Understanding of the policies, procedures, and ethical requirements of a Treasury environment.

Skills:

• Excellent comprehension skills to understand and interpret financial data and economic trends.
• Highly numeric/strong analytical and problem-solving skills
• Ability to influence decisions with ability to lead strategy on future initiatives.
• Strong Computer skills and other Analytical tools – Excel, TM1, SAP
• Very strong communication skills, both verbal and written
• Excellent planning & organization skills
• Strong ability to view issues from a risk & control perspective
• Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines

• Ensuring adherence to Capital Management policies and in-country regulatory and Board approved capital targets
• Engaging with Finance teams to understand balance sheet reconciliation and trends
• Compiling a capital plan, which forecasts regulatory and economic capital demand & supply across business units over a 3-year planning horizon while assessing if the forecast capital position meets regulatory and Board approved targets
• Determining capital buffers and performing Cost of Equity calculations in line with Absa Bank Uganda Treasury principles and methodology
• Co-ordinating all capital applications (including SBL dispensations and guarantee applications) ensuring quality of applications whilst managing in-country expectations.
• Risk Weighted Assets (RWA) hunt and challenge data inputs. Engagement with retail/wholesale credit risk teams to understand modelling capability and development
• Working with the Head of BSM to the deliver the local ICAAP and Recovery Plan.
• Ensuring adherence to Funding and Liquidity policies, including Contingent Funding and Recovery Plans, whilst holding the responsibility of ensuring that the entity remains liquid.
• Ensuring appropriate funding profiles are achieved (diversification of funding base and lengthening of the funding profile)
• Compiling an annual funding plan which is tracked monthly, with a challenge-and-review process against business STP and RAF forecasts to be presented at monthly ALCO.
• Monitoring and reporting on adherence to all regulatory and internal funding requirements and limits as maintained by TES.
• Ensuring all behavioral assumptions from a liquidity perspective are in line with Absa Bank Treasury guidelines.
• Responsible for the bank’s Liquidity Risk Appetite setting
• Responsible for liquidity stress testing.
• Working with the Head of BSM to the deliver the local ILAAP.
• Responsibility for the in-country ALM process within the guidelines set by Absa Bank Uganda Treasury.
• Achieving an appropriate risk profile within Group standards and risk tolerances by centralizing, netting and hedging all manageable risk via the Treasury Execution Services (TES) desk
• Measuring, analyzing and interpreting interest rate risk in the banking book
• Performing margin compression analysis
• Performing structural analysis and adjustment of all balance sheet items
• Ensuring all behavioral assumptions (including pre-payment assumptions) are in line with Absa Bank Uganda Treasury guidelines
• Participating in the Treasury Investment Committee
• Ensuring the implementation of and adherence to the Absa Bank Uganda FTP standard.
• Ensuring FTP guides Business (Retail, Corporate and Markets) behavior and immunizes businesses from market risk as far as possible.
• Ensuring Absa Bank Uganda liquidity premiums are incorporated in all FCY pricing by business
• Maintaining all pricing assumptions to ensure FTP rates are aligned to, or will align the balance sheet to, required interest rate and liquidity risk profiles
• As part of the NPA process, assign the appropriate FTP rate to new products after assessing interest rate and liquidity behavioral profiles
• Ensuring timely production of the monthly ALCO pack to required standards in conjunction with internal stakeholders (Risk, Finance and Credit)
• Executing the functions of ALCO Secretary as and when requested.
• ALCO committee training on Capital, Liquidity & Funding and Risk

• Excellent comprehension skills to understand and interpret financial data and economic trends.
• Highly numeric/strong analytical and problem-solving skills
• Ability to influence decisions with ability to lead strategy on future initiatives.
• Strong Computer skills and other Analytical tools – Excel, TM1, SAP
• Very strong communication skills, both verbal and written
• Excellent planning & organization skills
• Strong ability to view issues from a risk & control perspective
• Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines

• Bachelor’s degree in Commerce, Business Administration, Statistics, Economics or a related field from an accredited University
• 3 – 5 years working experience in a similar role preferably in a financial institution.
• Knowledge of Accounting and Finance
• Knowledge of liquidity and funding risk management
• Knowledge of capital risk management
• Knowledge of financial markets and economic fundamentals
• Knowledge of treasury, retail, corporate and capital markets products
• Excel competency
• Understanding of the policies, procedures, and ethical requirements of a Treasury environment.