Summary
Date Posted: Tuesday, September 03 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose
The role holder:
• Provides efficient and effective support for managing a profitable investment portfolio through market operation as per balance sheet strategy and ALCO guidelines.
• Ensures that revenues are generated through money market instruments like Treasury bills, deposits, and bonds by ascertaining that the best price is sought at the particular time of investment.
• Assisting the Head of Treasury in the day-to-day management of the Bank’s liquid cash in local and overseas accounts to ensure nil default by bank of all clearing and settlement obligations.
• Coordinates the daily and the monthly P/L estimate and calculation process with Finance and Product Control.

Key Responsibilities
1. Prudent day-to-day and intraday monitoring of the liquidity position in the bank, including the day-to-day compliance with bank policies and guidelines, regulatory requirements, payment system and intraday liquidity requirements.
2. Cash flow management for all the Banks accounts maintained at Bank of Tanzania and all foreign currency accounts maintained either locally or overseas.
3. Ensure bank’s presence in the interbank market to aid funding and investment activities.
4. Exploit interest rate mismatch and risk positions to maximize returns.
5. Invest liquidity and surplus cash into optimal interest earning treasury assets by executing placements and borrowings with approved counterparties.
6. Source diversified and competitively priced funding.
7. Preparation of ALM ALCO, EXCO and GALCO reports.
8. Preparation of investment proposal reports to ALCO.
9. Preparation of money market report for cash flow planning for bank’s portfolio.
10. Manage intraday cashflows and short-term funding of the local currency clearing account, locally held foreign currency nostros as well as foreign currency nostros held offshore.
11. Ensure that any shortfalls or anomalies in cash flows are investigated and resolved promptly.
12. Forecast the Bank’s funding requirements through cash flow preparation and maintaining a three-months horizon forecast of future funding and assets needs.
13. Understand regulatory ratios/requirements and pre-empt funding requirements or surpluses and advise Head of Treasury accordingly.
14. 14.Assist the Head of Treasury to determine medium-term investment opportunities in marketable securities.
15. Monitor and manage the Bank’s investment portfolio.
16. 16.Strictly monitoring counterparty credit limits, Treasury Risk and Market Risk limits. Classification: Public
17. 17.Complete transaction records, interest income/expenses, etc., reconcile to Treasury Operations records, and report on achievements and outstanding issues at required frequencies, as appropriate on the product transacted.
18. Prepare daily/weekly/monthly market and liquidity commentaries and regularly share relevant market trends, development, and intelligence with the Head of Treasury as well as business units, to ensure that the Bank derives maximum benefit from its networking potential.
19. Provide reports and insights to Head of Treasury on the Balance Sheet, e.g., balance sheet movements, track changes in liquidity profiles, monitor Trading desk funding profiles, etc.
20. Produce weekly/periodic yield curves to assist in pricing for clients.
21. Enhance the Bank’s reputation in the Markets, through personal high level of professionalism, and developing mutually beneficial working relationships with money markets and fixed income dealers and brokers.
22. Monitor daily liquidity ensuring adherence to all internal and external limits.
23. Maintain strategic capacity to meet stressed liquidity conditions if/when required.
24. Ensure that all lending and investment decisions are made within approved limits.
25. Ensure that all internal and external regulatory requirements are met.
26. Ensure the Bank’s liquidity supports capacity to meet customer payment needs.
27. Ensure SLAs adherence and assist in streamlining processes and procedures.
28. Liaise with other departments to ensure we work as team to create efficiency in our work.
29. Display exemplary conduct and live by the Bank’s Values and Code of Conduct.
30. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank.
31. Understand and ensure compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Bank’s Code of Conduct.
32. Effective and collaborative efforts with other departments in the Bank to identify, escalate, mitigate and resolve risk, conduct and compliance matters.
33. Pursue career development plans and follow through implementation and later be a trainer to others in the department.
34. Drive clean audit results, identify process improvements, and deliver continuous enhancements.
35. Perform other duties assigned by line manager.

Financial Responsibility
• Revenue generation for the Bank through optimal investments that earn maximum possible interest income as well as execution of bond trading activities.
• Proactive management of liquidity and cash flows ensuring availability of sufficient liquid assets and funding lines that minimize cost of funds for the Bank. Job Specifications:

Academic Qualifications
• Bachelor’s degree in accounting, business, economics or finance from a recognized institution.
• Master’s degree in business related discipline or its equivalent from a recognized institution will be an added advantage. Professional Qualifications / Membership to professional bodies/ Publication
• ACI dealing certificate or its equivalent.
• Completion of ACCA / CPA / CFA or its equivalent is an added advantage. Classification: Public

Work Experience Required
• At least 6 years’ relevant experience in a treasury front office role.

Competencies:
• Articulate and excellent analytical skills, report writing and presentation.
• Understanding of calculations involved in FX, Fixed income, and Money Markets
• Knowledgeable in local currency and international bond markets dynamics.
• Good communication, technical market trading skills and negotiating skills.
• Good understanding of capital markets and Central Bank regulatory guidelines on

Bank trading and investment portfolios.
• Ability to articulate and perform Funds Transfer Pricing (FTP) modelling.
• Leadership skills and ability to make sound judgement.
• Numeric skills and ability to price and compute spot, forward, swaps and derivatives.
• Strong problem solving with data analysis capabilities.
• Ability to execute at speed and deliver under pressure.
• Top notch sales skills and deal closure ability.
• High level understanding of treasury operations in Treasury sales, Money Markets, and Interbank FX.
• Deep understanding in currencies, commodities, and rates markets.

Work Hours: 8

Experience in Months: 72

Level of Education: Bachelor Degree

Job application procedure
Interested and Qualified? Click here to apply

All Jobs

QUICK ALERT SUBSCRIPTION