Head of Treasury & International Banking

Job Description

ROLE PROFILE

Reporting to the Managing Director, the Head of Treasury and International Banking will be responsible for enhancing the Bank’s profitability by efficiently managing the Bank’s Funds through trading and or investments. Incumbent will also be responsible for effectively and prudently managing the Bank’s liquidity and mitigating its operational, financial and reputational risk.

Duties and Responsibilities

• To manage and oversee the functions and activities of Treasury Department of the Bank, in an effective manner, by deploying appropriate resources.
• To lead and motivate the assigned team by displaying strong integrity and business ethics, so as to achieve the business strategy of the Bank.
• To manage, control and regulate effectively and efficiently the Bank’s funds to ensure that the liquidity position of the Bank is sound and optimally cost effective and also requirements of funds are readily met For ongoing operational and capital investment requirements.
• To closely monitor and oversee the dealing room and Foreign exchange or money position of the dealers, within the approved risk parameters of the Bank.
• To forecast cash Flow positions, related borrowing needs, and available Funds for investment, and prudently use hedging to mitigate Financial risks related to the interest rates on the Bank’s borrowings, as well as on its Foreign exchange positions.
• To put in place a system of policies and procedures that impose an adequate level of control over treasury activities, and function in conjunction to various guidelines/policies on Market Risk, Corporate Credit, Corporate investment, Derivative policy of the Bank.
• To maintain excellent working relationship with investment community, credit rating agencies and inter-bank counter parties.
• To act as Treasury advisor to the Bank and apprise Senior Management of the significant aspects impacting treasury management of the Bank.
• To direct and oversee the Bank’s international banking policies, objectives, and initiatives.
• Oversee correspondent banking to facilitate processing of international payments and trade finance transactions and to establish and maintain relationships to enable borrowing in Future.
• Act as the contact person or interface between the Bank and RBZ in terms of exchange control issues so that the Bank is compliant.
• Receive new directives and guidelines from RBZ on exchange control issues on an ad hoc basis so that the bank acts accordingly.
• Qversee the processing of international payments from when the transactions come into the department to a stage when the transaction has been processed and when money has been sent out.
• Manage the Bank’s accounts with foreign correspondent Banks (NOSTRO Accounts) to ensure that they are adequately Funded for payments to be processed.

Job Skills and Competencies

• Strong understanding of Financial markets, financial instruments and debt instruments.
• IFRS 9 knowledge/expertise.
• Analytical acumen and flair for communication.
• Working experience in Exchange Control, Trade Finance, Correspondent Banking Relationship Management, Swift Nostro, Inward and Outward Payments and Accounts Management among other responsibilities.
• Knowledge of banking relationships and covenants.
• Preferably 5 years of Investment Banking experience.
• Strong inter-personal and relationship skills.
• Should possess leadership and negotiation skills.
• Good presentation skills.

Qualifications and Experience

• A first Degree in Accounting, Finance or equivalent.
• Master’s in Business Administration (MBA) or MBL is a distinct advantage.
• Certified Treasury Professional (CTP) or Accredited Financial Analyst (AFA) or Certified Public Accountant (CPA).
• Minimum 12 years in Banking or Financial services industry and at least 6 years in Treasury Department of any Bank in middle or senior position.

Interested candidates should submit applications, accompanied by a detailed resume by no later than 26 January 2022. All applications should be emailed to [email protected] clearly indicating the position you are applying For as your E-mail Subject Reference.

Please note that only shortlisted applicants will be responded to.