Jobs
Assets & Liability Manager at Canary Point Corporate Services Limited
Canary Point Corporate Services Limited is a financial services group of companies. CPCS Group is a holding company for various other companies that offer a range of investment and financial services to the public with the aim of offering effective money management. CPCS Group encompasses a broad range of businesses whose services span various areas of specialty within the financial sector.
We are recruiting to fill the position below:
Job Title: Assets & Liability Manager
Location: Lagos
Job Description
- We are seeking to hire an experienced Asset & Liability Manager focusing on ensuring that adequate liquidity and interest income is available to meet strategic objectives and financial obligations and cost of capital.
Role Objective
- Forecasting and Management of debt capital raising strategy, origination and execution of structured finance and hedging strategies, cash management strategies.
- Forecasting cash payments and anticipating potential challenges arising from limited cash flow.
- Setting strategy and overseeing management of Money Market to maximize treasury returns in compliance with the company’s market risk strategy.
- Ensuring compliance with the regulatory requirements (e.g. reserve requirements).
- Analyzing the impact of international markets on the performance of company products or services.
- Team management
- Preparing management and board reports
- Liaising with senior management across the organization
- Supporting the month end process where necessary
- The successful candidate will be responsible for leading the continued development of Asset & Liability Management.
- This will include focusing on ensuring that all business areas operate within the policies and procedures that you will put in place for effective Assets-Liability Committee (ALCO) management and reporting and that appropriate strategy is set for Assets Liability Management (ALM).
- Monitoring and managing the organization’s bank relationships and liquidity management.
- Managing foreign currency exposure and foreign currency payments.
- Forecasting of medium and long- term funding and hedging requirements (if applicable)
- Interest rate risk management and development of risk mitigation strategies
- Foreign exchange risk management and development of foreign exchange risk mitigation strategies.
- Managing balance sheet, cash flow, and ensuring provision of funds for the company.
- Implementing an assets and liabilities strategy (gapping) that optimizes the company’s return, in accordance with the ALCO’s guidelines/ recommendations.
- Developing and recommending financial policies, capital structure, hedging policies, as well as maintenance of bank relationships.
- Preparing ongoing assessment of asset & liability mismatches and managing the implementation of required short and medium term financing structures.
- Identifying and analyzing potential financial risks for the company, ensuring they do not adversely affect company funds (e.g. foreign exchange exposures).
- Managing daily cash balances, and surplus cash for other assets (e.g. money markets, fixed income).
- Making decisions on funding company operations and other financing requirement.
Candidate Requirements
- Financial reporting (IFRS) and Capital reporting experience and a working understanding of the dynamics between Finance and Risk Management.
- Experienced in treasury products with extensive capital market experience, credit and financial analysis.
- Strong understanding of hedging interest rates and foreign exchange exposures.
- Good knowledge of cash management products.
- Strong understanding of capital markets and balance sheet management techniques.
- B.Sc / M.Sc in relevant Finance and / or quantitative subjects, e.g. Applied Mathematics, Physics or Engineering.
- Professional Accounting, and or Business Administration, or a similar field, professional financial qualification.
- Relevant experience in a treasury / credit function and exposure to man-management and leading teams.
- 7-10yrs experience is required for this role.
Skills and Attributes
The more common skills and attributes that are most required may include, but not be limited to:
- Sound understanding of accounting principles
- Strong understanding of financial markets, financial instruments and debt instruments
- Knowledge of banking relationships and covenants
- Ability to work autonomously and be part of the broader team
- Appropriate handling of sensitive information
- Excellent time management and organizational ability
- High level of attention to detail
- Strong client relationship management and customer service skills
- Team player with the ability to communicate and coordinate with multiple parties
- Intermediate to advanced computer software skills, including Excel and other accounting packages.
- Experience managing a Treasury Function
- Understanding and experience of treasury accounting including FX, liquidity,
- Cashflow and various financial instruments
How to Apply
Interested and qualified candidates should forward their updated CV to:
[email protected] using the "Job title" as the subject of the email.
Application Deadline Friday, 14th February, 2020.
