Job Title: Head of Treasury
Reports to: Group Head of Treasury/ Country Chief Executive Officer
Department: Treasury
Grade: MG6
About Commercial Bank of Africa:
Our Client, Commercial Bank of Africa, is the largest privately-owned Kenyan bank, whose primary focus is Corporate, Institutional and Personal Banking, and is seeking to recruit a result driven and motivated individual for the vacancy above.
Job Summary: To manage the Treasury Business Unit. This covers foreign exchange operations, money market operations, liquidity management, and treasury sales & marketing. Effective risk management within the established parameters and management of funding needs cost effectively. The job includes investing surplus funds for profitable returns; and providing technical support for ALCO Management and advice on the setting of interest and foreign exchange rates as well as interest rate mismatch and maturity mismatch limits.
Key Duties & Responsibilities:
- Growth of Treasury business
- Minimization of exposures to and impact of risks inherent in Treasury front office functions.
- Quality of leadership throughout the Treasury business unit and translating into conducive work environment and employee satisfaction.
- Adequacy of personal and staff competence to effectively perform unit’s activities/tasks.
- Quality of Treasury products portfolio with regard to competitively addressing current and anticipated target market needs.
- Effectiveness of Treasury business unit structure and systems (policies, process, procedures and tools) in achieving compliance requirements, optimal efficiency, resource utilization and cost containment.
- Adequacy of liquidity and availability of sufficient credit and dealing lines to effectively support the bank’s business.
- Quality management of customer expectations.
- Optimization of income from surplus funds through prudent investments.
- Effective exchange and interest rates pricing in supporting the bank’s business objectives.
Key Performance Indicators
1. People
- Employee satisfaction
- Employee retention
- Competence development
2. Customer Focus
- Customer satisfaction
- Treasury service standards or benchmarks
3. Business Systems & Infrastructure
- Productivity or resource utilization standards or benchmarks
- Audit ratings
- RCSA ratings
- Implementation of change programs
4. Financial
- Income (Revenue) targets
- Financial performance ratios
- Expense management goals
Core Value Behaviors (Performance Drivers)
Confident (Self Mastery): Describes people who are self-assured, in control, Bold, and deliver to the highest standards of expectations with ease while exhibiting the sort of presence that builds confidence in others.
Comfortable (Connecting with people): Describes people who are cool and resilient under pressure, honest in every dealing, open to constructive criticism, can be relied on to deliver.
Elegant (Effortless delivery): Describes people who demonstrate effortless simplicity and are able to do mundane things with grace and flair. They connect easily with different audiences, exhibit finesse in all interactions and have a high sense of values that they uphold at every turn.
Prestige (Pride and ownership of our work): Describes people who believe in themselves, are respected and treat others with respect and occupy a significant place in people’s minds.
Personal Competencies:
- Leadership to nurture and sustain employee satisfaction; and to manage changes.
- Performance Management to optimize own and team’s productivity
- Organization development to effectively structure the division for optimal performance.
- Interpersonal skills to create and maintain relevant business networks; and to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.
- Technical skills to effectively perform or guide performance of Treasury activities/tasks in a manner that consistently achieves high quality standards or benchmarks.
- Knowledge and experience in managing Treasury business to provide visionary guidance and implement strategic changes
- Knowledge of Treasury products and market trends
- Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks.
- Self-empowerment to enable development of open communication, teamwork and trust that are needed to support performance and customer-service oriented culture.
- Decision Making Parameters
- Appropriateness of the unit structure
- Pricing structures and negotiation parameters
- Product range for Treasury business unit
- Give guidance, decisions and advice on all Treasury, Interest and Foreign Exchange rate setting requirements for the Bank.
- Approval of expenditure within discretionary powers delegated through the Chief Executive Officer provided that such expenditure is within the approved strategy and annual budget for the bank.
- Develop, manage and market the Bank’s Treasury products and services in line with annual business and marketing plans while ensuring the Bank remains competitive and promptly reacts to changing market and customer needs.
- Manage the Bank’s Liquidity ensuring that the statutory Cash Ratio and Liquidity Ratio are met at all times and that there is sufficient liquidity to meet all business requirements.
- Manage the Bank’s Interest Rate and Foreign Exchange Risks and Exposures, ensuring that market movements are monitored continuously to facilitate sound decisions and ensure that the Bank’s exposures are maintained within approved limits and prudential considerations.
- Develop and market new Treasury products to position the Bank as a market leader in this business segment.
- Manage the availability of wholesale and money market deposits to meet the Bank’s identified needs for profitable investments, ensuring that market movements are monitored continuously to facilitate sound decisions and ensure that the Bank’s exposures are maintained within approved limits and prudential considerations.
- Undertake economic and market analysis and forecasting to enable the Bank to anticipate changing conditions and to position itself effectively to take advantage of arising opportunities while managing risks within agreed parameters.
- Organize, manage and motivate the available human capital within Treasury Department through establishment of suitable organization structure and implementing development programs to optimize competence and productivity.
- Ensure full compliance with the Bank’s Credit Policy, Bank of Uganda guidelines and appropriate provisions of the Banking Act in respect of Treasury operations.
- As a member of the Bank’s Assets and Liabilities Committee and Management Committee take a proactive role in influencing policy and strategic direction of the Bank.
- Relevant university degree or equivalent.
- Eight years experience collectively covering the major Treasury front office functions.
- Relevant professional qualification in banking, dealing or accounting provides added advantage.
- Experience in medium to large banks provides added advantage.
- Practical experience in use of MS Office applications.
How to apply:
Please follow the instructions as stated below as failure to do so could lead to disqualification.
Send an Application letter and CV/Resume.
Merge these two documents into one document in either word or PDF format.
Do not attach or send any scanned documents. These are sometimes too large for our inbox.
Include the job title and/or reference number in the subject line of the email address and send your application by email to [email protected]
Only successful candidates will be contacted. for all other inquiries please contact our offices directly
For More Ugandan Jobs, Please Visit http://ugandanjobline.blogspot.com or find us on our facebook page https://www.facebook.com/UgandanJobline