Job Title: Analyst – Treasury Middle Office
Organisation: True North Consult
Duty Station: Kampala, Uganda
About Organisation:
True North Consult Ltd is a boutique HR Consultancy Firm that offers bespoke HR solutions to selected clients in various sectors and industries across East Africa, with operational offices in Kampala, Nairobi and Kigali.
Job Summary: The purpose of the Treasury Middle Office Analyst role is to ensure the integrity and accuracy of financial reporting related to trading activities while effectively managing liquidity and compliance with regulatory guidelines.
This position serves as a critical link between the front office and back office, facilitating seamless communication and collaboration to optimize operational efficiency, risk management, and regulatory adherence. By integrating product control and treasury functions, the role aims to enhance the bank’s financial performance, support strategic decision-making, and uphold the highest standards of financial integrity.
The Treasury Middle Officer Analyst role encompasses critical functions that bridge trading activities with financial reporting and risk management. This position ensures the accuracy of financial data, effective liquidity management, and compliance with regulatory standards.
Key Duties and Responsibilities:
Support the ALM manager in
- Oversight of the Middle Office operations
- Set the tone and culture of the unit in accordance with Bank’s values
- Maintain up to date policies and procedures and internal control mechanisms to ensure compliance with both internal and regulatory limits.
- Internal control
- Build infrastructure, internal controls for the Bank Treasury and ensure adherence to internal policies and procedures, dealing mandates, regulatory requirements to avoid penalties and any reputational issues.
- Financial and regulatory reporting
- Prepare financial reports from the Treasury system and core banking systems to enable decision making and ensuring compliance with regulatory guidelines.
- P&L Reporting: Prepare and analyze daily, weekly, and monthly profit and loss (P&L) reports for various trading desks. Ensure accuracy and provide explanations for discrepancies.
- Review reports from Treasury, Finance and Risk departments and spearhead monthly reconciliation engagements with Unit Heads. Reconcile Front Office and Back Office records for consistency and accuracy.
- Flag items at risk with recommend actions for balance sheet optimisation to the Assets & Liabilities Manager.
- Prepare Central Bank reports relating to liquidity, maturity profiling and daily FX positions.
- Performance reporting
- Analytical support in individual and segment performance key drivers within the Treasury department
- Compile and circulate segment / customer reporting to the Business
- Prepare ALCO, Board, MRCC inputs for management decision making
- Collaborate with MIS in driving Revenue assurance to minimize income leakages. Any exceptions should be escalated to the CFO for remedial fixes.
- Daily reporting on key performance insights from balance sheet movements, transactional volumes, customer touch points and channels to drive real time decision making. This covers cash flow forecasts, funding gaps and risk exposures.
- Product Control
- Validate the pricing and valuation of financial products, ensuring methodologies align with market standards and regulatory requirements. Ensure recognition, measurement of instruments complies with IFRS.
- Risk & Controls monitoring
- Ensure adherence to internal policies and regulatory requirements.
- Develop and maintain controls to mitigate operational risks and enhance efficiency.
- Ensure independent oversight on a proactive basis, of the principal risk types outcome on the Treasury department.
- Check performance of Traders’ compliance with both trading limits and revaluation gains/ losses at transaction level.
- Audit support
- Support the Assets & Liabilities Manager as an audit contact point for the Treasury department.
- Facilitate internal and external audits by providing necessary documentation and explanations related to overall financial reporting and controls.
- Project Management
- Support project implementation for both Treasury and Finance process improvements and key in user acceptance testing for system related improvements.
- Stakeholder management
- Liaise with Treasury Front and Back Offices traders, Risk, and Finance teams to communicate P&L results, address queries, and provide insights into trading performance.
- Accountable for accurate reporting of financial instruments in the P&L and Balance sheet in accordance with the IFRS
- Escalate and daily breaches of trading limits and gains / losses above a calibrated threshold.
- Compliance with stipulated regulatory guidelines issued by the Central Bank on Treasury related output with a zero tolerance for penalties / show cause letters. Drive implementation of corrective actions where system glitches may arise and
- collaboratively with IT push for timely resolution.
Qualifications, Skills and Experience:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field. A Master’s degree or relevant certifications (e.g., CFA, CPA, ACCA) is preferred.
- Skills & Experience
- Professional qualification e.g. ACCA, CPA, CFA or ACI is an added advantage
- 2-3 years of experience in product control, treasury operations, or related roles within a banking or financial services environment.
- Proficiency in financial modelling, analytical tools, and trading systems. Familiarity with treasury management systems and regulatory frameworks is essential.
- Business Behaviors
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills, with the ability to work collaboratively across departments.
- Leadership skills to proactively engage senior management for insights and decision making
How to Apply:
Please fill in the application form on the link below : https://forms.office.com/r/PeRDPCDyMw and proceed to share your CV and Academic Documents to [email protected] with subject line Analyst – Treasury Middle Office by 22nd September 2025.
All applications shall be acknowledged as received but only shortlisted candidates will be contacted.
All applicants MUST fill in the online questionnaire and share their CV’s and Cover Letters in PDF or MS Word STRICTLY.
Deadline: 22nd September 2025
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Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: 24