Head, Treasury Middle Office Jobs Vacancy at ABSA Bank Tanzania Limited December 2021

Published by
Francis Mboya
Join To Our Telegram Channel

 

head, treasury middle office absa bank tanzania jobs 2021, absa bank tanzania jobs vacancy 2021,  finance jobs in tanzania 2021, absa vacancies december 2021,jobs opportunity absa bank 2021,nafasi za kazi absa bank, ajira absa bank tanzania 2021, absa bank tanzania careers, absa bank tanzania internship, absa head office tanzania, absa internships 2021
Bring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
Reporting to the Chief Financial Officer, this role is responsible for:
• Ensuring that a sufficiently robust risk control framework around the business activity in Treasury exists so as to ensure that market and other risks undertaken by Treasury is being adequately identified, managed, controlled, monitored and reported
• Reporting on risk and results, as well as to provide a source of information for Treasury, finance department and general management, with regard to positions, results, instruments, products, activities, systems and procedures
• Championing and managing change introduced as a result of change in regulatory, market or business requirements.
Job Description
  • Implement a fit-for purpose Middle-Office risk control framework in line with Group Policy
  • Ensure critical controls relating to product control and market risk management is being observed and raise appropriate  awareness in Treasury Front and Back-Office
  • Review reconciliations undertaken by Middle-Office staff and recommend appropriate action to resolve out standings
  • Review all risk reports prior to submission to internal/external recipients
  • Actively discuss business issues with country Treasurer to promote/ensure compliance to policy and  procedure
  • Improve risk management control and compliance culture in the Treasury Front and Back-Office
  • Assist in the reduction of operational risk in the Treasury Front and Back-Office
  • Manage any change initiatives that impact the Middle-Office function
  • Product Control responsibilities
Outputs:
  • Be familiar with procedures for the whole Treasury product cycle from deal initiation to settlement
  • Ensure the following:
  • Treasury positions are revalued (i.e. mark-to-market) correctly
  • Accurate production of daily results
  • Prices used for revaluations of Treasury positions are derived from independent sources
  • Results are checked against monthly figures and that differences are investigated and reported promptly
  • Assist in the introduction of new products
  • Ensure that all new products are appropriately authorized and assigned to a trader and that all relevant support areas are informed of the new product
  • Prepare commentary on results, positions and days’ activity
  • Positions and results are agreed between Front and Back-Office systems (and dealers own spreadsheets, blotters etc) and are signed off at the appropriate level
  • Risk management responsibilities
Outputs:
Market Risk Management:
  • Familiarization with Front-Office dealing strategies/activities
  • Clear understanding of DVAR (Daily Value at Risk) or any other market risk measurement methodology employed
  • Ensure calculation of Dvar risk locally, reporting risk position data to Group Market Risk.
  • Investigation of any  variations/excesses in Dvar results and reported  to  Group  Market  Risk.
  • Responsible for reviewing required reporting on DVAR, Open position
  • Document and verify all approved pricing models
Product Control and Reporting requirements and responsibilities:
  • Ensure that reports (as prescribed by GMR) are submitted to PCG, GMR, Group Treasury or any other designated recipients on time
  • Ensure that sundry losses are reporting timely and in accordance with group policy
  • * Reconciliation of:
    • Net Open Position
    • Profit and Loss
    • Front and Back office positions (FOBO & BOBO)
    • Interest rate risk positions
    • Fixed income positions 
  • * Ensure that reports submitted to the Central bank is consistent with reports submitted to GMR
Systems maintenance and development:10%
Outputs:
  • To implement any new systems or changes to existing systems as may occur from time-to-time
  • Ensure Front-Office/Middle-Office/Back-Office staff receive adequate training on Treasury risk systems
  • Develop/design appropriate reports to provide appropriate information which identifies the risk positions and profit and loss profile of Treasury
  • Liaise with COO Treasury to increase and prioritise risk system capability to meet changing regulatory market and business requirements 
  • Re-engineer existing Middle-Office processes so as to capitalize on improved systems capability and functionality
  • Manage, develop and exploit risk system solutions, whilst at the same time ensuring internal controls  are maintained in line with Group standards
Education
  • Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
Location: Absa House – ABT
Deadline: 2021-12-19

View More jobs in this Sector click here
Explore More Job Vacancies click here
Generate best resume for this job click here
Join with the thousands of job seekers on our telegram channel click here
Join To Our Whatsapp Group
Share
Published by
Francis Mboya

Recent Posts

Programme Associate – Women’s Leadership & Economic Rights Mtwara at UNDP June, 2022

UNDP job Programme Associate – Women’s Leadership & Economic Rights Mtwara UNDP job, Location :… Read More

20 hours ago

Program Officer job at International Rescue Committee June, 2022

Program Officer job at International Rescue Committee June, 2022 Program Officer job, Requisition ID: req28691 Job… Read More

21 hours ago

Logistics Manager Jobs at Twalib Logistics Co.ltd June 2022

Logistics Manager Jobs at Twalib Logistics Co.ltd June 2022 Logistics Manager Jobs, Twalib Logistics Co.ltd… Read More

1 day ago

Paramedic Jobs at Tindwa Medical and Health Service TMHS June 2022

Paramedic Jobs at Tindwa Medical and Health Service TMHS June 2022 Paramedic Jobs, Tindwa Medical… Read More

1 day ago

Agronomist job at Unilever June, 2022

Agronomist job at Unilever June, 2022 Agronomist job, Purpose of the Role To coordinate Agronomic… Read More

1 day ago

Assistant Production Manager-1 at Unilever June, 2022

Assistant Production Manager-1 at Unilever June, 2022 Assistant Production Manager |Business Context and Main Purpose… Read More

1 day ago