Job For Balance Sheet Manager at Rand Merchant Bank (RMB), 21st May, 2019

Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. We are recruiting to fill the position below:     Job Title: Balance Sheet Manager Location: Lagos Job Descriptions Liquidity Management:

• Forecasting and monitoring liquidity profile
• Formulate strategy around management and optimisation of liquidity buffers and costs thereof
• Intraday Liquidity Management
• Management of cash and unencumbered asset positions
• Management and optimisation of liquid asset portfolio
• Management of balance sheet capacity vis-à-vis the liquidity risk framework

• Manage the interest rate risk in the banking book to within prescribed limits
• Ensure appropriate transfer pricing curve implementation and daily curve generation
• Ensure that the transfer pricing of both assets and liabilities is accurately reflected in the daily accounts
• This necessarily means understanding the fundamentals of standard transfer pricing as well as being able to deal with bespoke pricing for certain instruments
• Carry out a calculation to either disburse over-recovery or recover under-recovery of transfer pricing costs to or from business units on a periodic basis

• Track the performance of the RMBN GTsy investment portfolio against benchmark to assist in the overall performance measurement analysis of the entity
• Track net interest income over time and provide analysis around income volatility

• Ensure incoming liability side instruments are correctly booked into the systems and that systems can accurately reflect their valuations, accruals and cash flow events

• Monthly interest rate risk and liquidity risk reporting (including secretarial functions where necessary) for relevant risk committees (FRMC, ALCCO and BRCC) and regulators (CBN and SARB), and
• Upkeep of RMB Nigeria risk frameworks and policies in so far as Balance Sheet Management is concerned.
• Assist with (as part of development and growth)

• Defining the desirable funding profile of the bank taking into account price, diversification of depositor / investor base, product set, asset profile and run-off etc.
• Manage the regulatory and prudential buffers associated with funding (LAR, CRR, LCR, NSFR, buffers
• etc.)
• Including setting deposit prices for clients on a daily basis:
  • Develop / assist in developing products to market into the investor community that will attract efficient funding into the entity
  • Arranging the issuance of commercial paper and or notes into the capital market
  • Arranging of long-term funding outside of the deposit market
  • Distribution of assets off the bank’s balance sheet

• Economic and regulatory capital planning and forecasting
• Optimisation of capital structure
• Capital limit setting and monitoring
• Capital markets access planning and issuance
• Capital attribution and cost of capital allocation
• Treasury input into ICAAP and Stress testing

• Management of relationships with key treasury stakeholders being the regulator, debt investors, business and the FirstRand shareholder
• Planning for changes in the regulatory environment
• Participate in industry lobbying initiatives especially in regulatory and financial market development
• Any other responsibilities as may be required (such as backing up people on leave)

• The successful candidate should have a B.Sc. in Accounting or related field with a strong quantitative bias
• At least six years’ working experience within a balance sheet management / funding and liability management role, treasury risk or accounting function in a bank, or as a consultant with five years of hands-on experience in a treasury environment

• An understanding of financial products pricing
• An understanding of regulatory reporting requirements
• An understanding of treasury operating processes
• A sound understanding of asset and liability management (including good understanding of B2/3 liquidity management provisions)
• A sound understanding of forex and fixed income markets
• An understanding of the macro-economic environment
• An understanding of funds transfer pricing principles