Job Vacancy: Head of Treasury

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Job Vacancy: Job title: Head of Treasury

Job description: #wearehiringnow

Job Title: Head of Treasury

Industry: Banking/Financial Services

Location: Lagos Nigeria

As the Head of Treasury, you will play a pivotal role in shaping the financial strategies and operations of our digital bank. Your primary focus will be on asset and liabilities matching, ensuring a robust balance between our income-generating assets and funding sources. This critical responsibility will help maintain the bank’s liquidity, profitability, and overall financial stability.

RESPONSIBILITIES

1. Asset and Liabilities Management:

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• Monitor and manage the bank’s balance sheet to ensure optimal asset and liabilities matching.

• Conduct quantitative analysis to assess risk and returns associated with different asset classes.

• Implement strategies for asset allocation and investment to maximize profitability and minimize risk.

• Regularly review the portfolio and adjust investment strategies based on changing market conditions.

2. Financial Planning and Forecasting:

• Develop comprehensive financial plans aligned with the bank’s strategic objectives.

• Forecast cash flows, liquidity needs, and interest rate risk to inform decision-making.

• Assess the impact of various economic scenarios on the bank’s financial position.

• Collaborate with finance and other relevant departments to align treasury goals with overall business objectives.

3. Liquidity Risk Management:

• Ensure adequate liquidity is maintained to meet daily operational requirements and unforeseen contingencies.

• Establish and execute contingency funding plans to manage liquidity risks effectively.

• Monitor and manage liquidity stress tests to assess the bank’s resilience under adverse conditions.

4. Investment Strategy:

• Develop and implement investment policies and guidelines that align with the bank’s risk appetite and regulatory requirements.

• Identify suitable investment opportunities and analyze risk-return trade-offs.

• Diversify investment portfolios to minimize concentration risks and enhance overall returns.

5. Interbank Relationships and Funding:

• Cultivate and maintain strategic relationships with other banks and financial institutions.

• Negotiate credit facilities and funding arrangements to ensure access to diverse funding sources.

• Collaborate with the treasury team to manage interbank transactions and optimize funding costs.

6. Compliance and Risk Oversight:

• Ensure compliance with all relevant financial regulations and internal policies.

• Implement and oversee risk management frameworks related to treasury activities.

• Collaborate with risk and compliance departments to address regulatory requirements and audit findings.

7. Financial Reporting and Analysis:

• Prepare and review financial reports related to liquidity, interest rate risk, and investment performance.

• Provide analysis and insights to senior management on treasury-related matters.

• Assist in the preparation of financial statements and disclosures related to treasury activities for regulatory reporting.

8. Treasury Operations Oversight:

• Supervise daily treasury operations, including cash management, settlements, and transactions.

• Implement best practices and automation in treasury processes to improve efficiency and accuracy.

• Ensure adherence to operational controls and cybersecurity measures in treasury activities.

9. Team Leadership and Development:

• Lead and motivate the treasury team, providing guidance and support in their day-to-day responsibilities.

• Conduct performance evaluations, identify training needs, and facilitate professional development opportunities.

• Foster a collaborative and innovative culture within the treasury department.

COMPETENCE REQUIREMENTS

• Proven (8 years minimum) experience in treasury management, financial planning, and asset-liability management in the banking or financial industry.

• Strong understanding of financial instruments, investment vehicles, and market dynamics.

• Excellent analytical skills, with the ability to interpret complex financial data and make data-driven decisions.

• In-depth knowledge of regulatory requirements and compliance in the financial sector.

• Demonstrated track record of building and maintaining strategic relationships with other banks and financial institutions.

• Outstanding leadership and communication skills to motivate and guide the treasury team effectively.

• Adaptable, proactive, and able to thrive in a fast-paced, dynamic digital banking environment.

MINIMUM QUALIFICATION

• First degree in a finance/ accounting related field

• Advanced university degree (Master’s degree or equivalent)

• CFA, ACCA, etc.

Location: Lagos, Lagos State

Job date: Wed, 16 Aug 2023 02:50:18 GMT

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