Treasury Execution Services – Barclays Bank Zambia


Description

 To be accountable for the Treasury Execution and Investment functions, focusing on executing all Funding and Investment needs of the Country and the day-to-day management of the Market, Liquidity and Credit Risks that lie within the Treasury Execution Portfolio.
Main accountabilities and approximate time split
Key actions to include:

In respect of the banks liquidity management, undertake the following actions:

Funding Curve/Book Ownership and Structure

o Develop local currency funding curves based on market factors and internal balance sheet structure
o Drive strategy on local versus hard currency funding in each country and act as review and challenge for business
o Set-up Treasury Funding Execution books and Treasury Execution Services (TES) Investment books and ensure full ownership of trades, bookings, P&L and Risk
o Ensure any global changes in pricing of curves, hierarchy set-ups, or trade execution bookings are implemented in a timely manner
o Develop and implement liquidity term premiums in local currency and ensure that these premiums are embedded in the FTP process in order to incentivize the correct behavior based on the balance sheet structure
o Interact with business (Corporate and Retail) to ensure funding curve is appropriate for business strategy and provide training to business on funding curve construction

TES Risk Management

o Liaise with Country liquidity risk and ALM  managers to ensure that all relevant businesses are transfer priced according to the Transfer Pricing policy in a consistent, transparent and fair manner
o Ensure all the resultant risks, quantified above, are well understood and ensure the Funding Curve is set taking the above business risks into account
o Develop strategies to reduce the balance sheets risks created in the normal course of banking business Together with ALM, achieve these strategies by incentivizing business and by advising on products to be rolled out in the Retail, Commercial and Wholesale market
o Represent TES on country / regional ALCOs as necessary do provide feedback on net risk positions and resultant Funding curve incentives
o Provide country insight into stress testing and work with country liquidity managers to  highlight jurisdiction / country specific issues
o Work with business on trades, to ensure compliance with liquidity regulations, whilst ensuring the best  commercial outcome Work with Finance to implement hedge accounting solutions in each country to better enable economic hedging of liquidity, whilst minimizing MtM accounting volatility
o Take Full ownership of TES risk positions, P&L generated, and actively manage both

TES Reporting

o Daily dashboard submission to Johannesburg to include Liquidity, PV01, P&L flash
o Weekly liquidity conditions update (Daily in times of stress), including risk metrics
o Monthly balance sheet updates on key liquidity and market risk metrics
o Local Currency Funding curves presented monthly at ALCO’s
o P&L explanations of TES book and ownership of the flash process
o Desk level risk reports IR01
o Explain DVar in relation to TES positions

Financing for the Firm

o Create wholesale funding franchise in Local Currency
o Establish customer base and work with Sales to originate funding
o Publish Fixed and Floating deposit screens to attract deposits and work with clients to ensure smooth process of daily funding execution
o Work with regulators and other interbank participants to develop the Money Market in country
o When required, work with DCM to issue senior debt in country

Long term funding

• Coordinating with the local team the issuance of (where appropriate):
o  Unsecured funding (senior and subordinated capital)
o  Secured funding (securitization)
•  Managing the bond maturity (refinance) profile
•  Identifying new funding sources and diversification opportunities
• Managing Investor relations & debt related investor enquiries


Key actions to include

• Participating in the Treasury Investment Committee
• Managing Surplus Liquidity and Liquidity Buffers to optimise risk / return
• Investment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions
•  Formulating and implementing efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm
•  Enhancing portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines
•  Compiling and distributing detailed MI on portfolio composition and performance and drivers of performance

Investment

Key actions to include:

• Participating in the Treasury Investment Committee
• Managing Surplus Liquidity and Liquidity Buffers to optimise risk / return
• Investment of Liquid Assets to meet regulatory requirements and serve as a hedge for structural balance sheet positions
•  Formulating and implementing efficient asset/tenor allocation strategies by staying close to the market and enhancing value for the firm
•  Enhancing portfolio yield relative to benchmark hedges provided by business within Market Risk guidelines
•  Compiling and distributing detailed MI on portfolio composition and performance and drivers of performance

Essential/Basic Qualifications

 

      Technical skills / Competencies
  •  Knowledge of bank products, services and/or other specialist knowledge
      Essential

• Understanding of the policies, procedures and ethical requirements of a Treasury environment
• Skills required to undertake the Leadership role:
• Subject matter expertise and relevant experience (banking and Treasury)
• Leadership and team management
• Negotiation skills
• A good communicator who is able to articulate the rationale for liquidity control and add value to business stakeholders
• Performance Imperatives:
• delivering results;
• being aware of market trends;
• achieving high standards & best practise;
• understanding of the Treasury Business Model
• Good Money Management skills
• Understanding of treasury operational processes and controls
• Excel competency
Preferred Qualifications 
• Understanding of the mathematic of pricing for FX and Money Markets

• Understanding of political and economic activity and the impacts on exchange rates and interest rates

• Bachelor`s Degree level of Education

• ACI Dealing Certificate

• 3-5 years  experience related experience

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