To lead the ALM Desk in the implementation of its strategy for optimum management of the country Balance Sheet and liquidity, as well as price risk mismatches, assuming overall responsibility for Money Market activities, including: *The day-to-day and prudent management of the liquidity position in the country, including the day-to-day compliance with Group Policies and Guidelines, Local Regulatory requirements, local payment system and intraday liquidity requirements. *The maintenance of the bank's presence in the inter-bank market to aid funding and investment activities. *The management of both revenue and cost budgets -This role entails managing multiple treasury risk including liquidity risk, market access risk, maturity concentration risk and interest rate risk across of the Bank -The e job holder must also ensure the bank is adequately funded and has a funding strategy to meet planned asset/ liabilities growth within other SCB business's and unanticipated contingencies.
Key Roles and Responsibilities
Strategy *Ensure Statutory (both FSA and local regulation) Liquidity requirements and internal Group Limits are adhered to *To draft and defend the ALM Tanzania strategy as part of the SCB TZ Country strategy as well as implementing the same as well as other assignments as decided by country ALCO *Lead the way in the ALCO forum through active participation, providing ALCO members with timely balance sheet analysis and market information, ensuring other ALCO members are always engaged in an up-to-date balance sheet strategy that compliments the bank's revenues aspirations Business *Monitoring and managing the Bank's investment portfolio including Government securities, Bills re-discounted, Repos/Reverse Repos, Interbank placements, foreign currency placements etc by investing at the most profitable rate as well as strictly monitoring BOT counter-party and trading limits. Complete transaction records, interest income/expenses etc, reconcile to Treasury Operations records, and report on achievements and outstanding issues at required frequencies, as appropriate to the product traded. *Obtain maximum business benefit from using the information technology systems available for effecting and recording transactions, for interacting with treasury operations and risk control, and for acquiring the knowledge needed for good job performance Processes *Observe controls in the ALM Tanzania processes for Trade Initiation, Execution & Capture *Observe the controls in the ALM Tanzania processes for Liquidity & Investment Management *Manage daily liquidity ensuring adherence to all internal and external limits *Maintain strategic capability to meet stressed liquidity conditions if and when required *Ensure that all lending and investing decisions are made within GMR and Credit Limits People and Talent *Enhance the reputation in the Markets, through personally demonstrating a high level of professionalism, and developing Bank's mutually beneficial working relationships with authorities, customers, agents, advisers, counter-parties etc *Ensure Travel& Entertainment related expenses comply with policy. This includes, where required, pre-approval of client entertainment exceeding prescribed thresholds *Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners Risk Management *To ensure the Bank meets it's daily requirements through funding the positions as expected. *Ensure portfolio owners are responsible for all trades booked to ALM portfolios. Deal should not be booked to unauthorised portfolios/ accounts *Ensure any operational losses are investigated and monitored to avoid reoccurrence. Investigate root causes and escalate to relevant management *Make sure you are aware and comply with data confidentiality requirements *Maintaining all trading limits and funding requirements whilst ensuring appropriate approvals are obtained prior to booking any outside limit deals. Governance *Observe the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements. This includes compliance with local banking laws, other applicable laws (eg laws governing security activities, company law) anti-money laundering regulations and guideline. *Understand and comply with, in letter and spirit, all applicable laws and regulations, including those governing anti-money laundering, terrorist financing and sanctions; the Group's policies and procedures; and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters. Embed the Group's values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations *The desk operates with the highest standard of ALM Management and other controls as stipulated by the bank and regulators.
Qualifications and Skills
QUALIFICATIONS: *University degree in a commercial/financial discipline with good analytical skills and ability to make speedy and accurate decisions under pressure. *ACI Dealing Certificate OTHER COMPETENCIES *Job involves knowing, predicting and reacting to interest rates changes & trends and subsequent taking of appropriate trading /investment positions to minimise interest rate risk. *Good knowledge of the mechanics of the money market operations- *The individual should also posses the ability to analyse and interpret economic data. Computer literacy is desirable. *The incumbent should be self-motivated and ability to work under minimum supervision. *A general knowledge of banking with emphasis on money market operations. *Possession of good interpersonal skills, communication skills and ability to convince others, are pre-requisites. *Job involves knowing, predicting and reacting to interest rates changes & trends and subsequent taking of appropriate trading /investment positions to minimise interest rate risk. *Good judgement of opportunities which arise in the market. *To be able to analyse market trends and information and take steps to further business growth. *To be able to manage the team and encourage the spirit of working together; to motivate team members to perform to their fullest capabilities. *Should be able to react quickly to any opportunity and take immediate steps to convert it into deals. *Liaise effectively with other areas of the Bank in order to enlarge the client portfolio. *Should advice the Treasurer on an ongoing basis about market conditions and trends to that appropriate strategies can be put in place.