Job Description
Job Description
To manage the Bank's liquidity and treasury activities effectively by optimizing the deployment of surplus funds, managing banking and institutional relationships, monitoring market conditions and ensuring that treasury activities are conducted within approved liquidity, counterparty, concentration and investment limits.
The role will provide informed treasury and liquidity recommendations to Management and ALCO while maintaining strict segregation between treasury dealing, approval, confirmation, settlement and accounting activities. This role will be based in Lagos, with regular presence in Port Harcourt
Key Responsibilities
1. Treasury and Liquidity Management
• Develop and execute treasury strategies in linewith the Bank's approved business plan, liquidity position and ALCOdirectives.
• Monitor the Bank's daily liquidity position,funding requirements and cash flow profile.
• Manage the deployment of surplus liquidity throughapproved placements and permissible investments.
• Maintain an appropriate maturity profile to ensurefunds are available to meet the Bank's obligations as they fall due.
• Monitor liquidity buffers and escalate emergingfunding or liquidity pressures promptly.
• Support the Bank in maintaining applicableregulatory liquidity and reserve requirements.
2. Money Market and Investment Management
• Identify and evaluate suitable money market andpermissible investment opportunities within the Bank's approved investmentmandate.
• Originate, price and negotiate placements withapproved banks, financial institutions, asset managers and otherauthorized counterparties.
• Monitor prevailing market rates and identifyopportunities to optimize returns while preserving liquidity and capital.
• Recommend placements and investments for approvalin accordance with delegated authority and approved limits.
• Ensure all proposed transactions comply withapplicable regulatory requirements and the Bank's investment policy.
3. Counterparty and Relationship Management
• Build and maintain strong relationships withbanks, financial institutions, asset managers and other approvedinstitutional counterparties.
• Maintain current market intelligence oncounterparty pricing, creditworthiness and market conditions.
• Conduct appropriate counterparty assessments incollaboration with Risk and relevant control functions.
• Ensure transactions are conducted only withapproved counterparties and within established exposure limits.
• Escalate any deterioration in counterpartystanding or proposed limit exceptions immediately.
4. Asset-Liability and Funding Management
• Monitor the Bank's asset and liability maturityprofile and identify potential liquidity mismatches.
• Work with Finance, Risk and Business teams tounderstand funding requirements and deposit trends.
• Provide recommendations on liquidity deployment,funding strategy and deposit pricing to Management and ALCO.
• Monitor the relationship between deposit growth,lending requirements, liquidity and treasury deployment.
• Contribute to ALCO discussions on interest-rate,liquidity and funding risks.
5. Treasury Governance and Controls
• Operate strictly within approved counterparty,tenor, concentration, investment and liquidity limits.
• Ensure no treasury transaction is executed outsidethe approved mandate or delegated authority.
• Maintain clear segregation between dealing,approval, confirmation, settlement and accounting functions.
• Ensure all treasury transactions are properlydocumented, confirmed and independently settled.
• Immediately report any unauthorized, unmatched orexceptional transaction to the appropriate authority.
• Support internal and external audits andregulatory examinations relating to treasury activities.
6. ALCO & Management Reporting
• Prepare treasury reports, market updates andliquidity analysis for ALCO and Management.
• Provide regular reports on placements, investmentperformance, liquidity position, maturities and counterparty exposures.
• Provide timely recommendations on treasuryopportunities, market movements and emerging liquidity risks.
• Support the preparation of treasury papers for theBoard and relevant Board committees where required.
• Maintain accurate records of all treasurydecisions, approvals and transactions.
7. Team and Stakeholder Management
• Provide guidance to the Treasury Officerresponsible for treasury back-office activities.
• Work closely with Finance, Risk, Operations andBusiness to ensure effective liquidity and treasury management.
• Promote disciplined adherence to treasurypolicies, limits and control procedures.
• Support the development of appropriate treasuryprocesses, systems and reporting capabilities as the Bank grows.
Requirements
• First degree in Finance, Economics, Accounting, Mathematics, Business Administration or another relevant discipline.
• Relevant professional qualifications such as ACI Dealing Certificate, CFA, ACA, ACCA or CIBN are desirable.
• An MBA, MSc or other relevant postgraduate qualification is an advantage.
• Minimum of 10 years' relevant professional experience, with at least 5 years in bank treasury, money markets, asset-liability management, investment management or a related financial services function.
• Experience managing institutional banking relationships and money market placements is required.
• Experience within a regulated banking or financial services environment, with a strong understanding of liquidity and treasury controls, is strongly preferred.
Core Competencies
• Treasury and liquidity management
• Money market and investment management
• Asset-liability management
• Market analysis and financial markets
• Counterparty assessment and management
• Pricing and commercial negotiation
• Liquidity and funding risk management
• Financial analysis
• Treasury governance and internal controls
• Regulatory compliance
• Relationship management
• Clear and timely management reporting
• Strong judgement and disciplined execution
Performance Measures
• Treasury yield and return achieved againstapproved benchmarks and mandate.
• Effective deployment of surplus liquidity withinapproved risk parameters.
• Compliance with approved counterparty, tenor,concentration and investment limits.
• Maintenance of adequate liquidity to meet theBank's obligations as they
