Manager: Funding

MAIN PURPOSE OF THE JOB

• To support the funding activities of the bank, optimise returns on surplus cash and manage overdrafts and overnight loans

Key Performance Areas    
Customer & Stakeholder Relationships

• Stakeholder Management: National Treasury (NT)
• Compile Quarterly Debt Maturity Profile to NT and other funding inputs.
• Stakeholder Management: Domestic Funders & Multi-lateral funders
• Front line in terms of deal initiation, due diligence, rolling of maturing debt, investor communication and investor condition precedence to source liquidity for the bank;
• Attend networking sessions to maintain investor relations; and
• Liaise with funders, JSE sponsors, arrangers and lawyers to put in place all legal documents, agreements and certificates to conclude private and listed bond or note placements.
• Board / committee contribution
• Attend and present at Liquidity committee meetings and other relevant committees;
• Compile reports for Assets and Liability Committee (ALCO) and other relevant committees

Funding and Liquidity Management

• Sourcing of Funds
• Develop funding strategies
• Compiling funding proposals
• Negotiations of terms of the financial agreements Cost of Funding (COF)
• Issuing, negotiating and trading capital and money market instruments to investors at prices quoted; and
• Negotiate call bond or related rates daily or as on request of funders. Liquidity Management
• Communicate with funders and business in advance to determine potential roll-over of maturing debt and business requirements;
• Based on expected roll-over rate of maturing debt and loan book movement, raise funding to meet financial commitments on time;
• Pre-Fund expected outflows and build up an adequate liquidity buffer as informed by the Liquidity Coverage Ratio; and
• Invest surplus cash taking into consideration - perseverance of capital, maintenance of sufficient liquidity and maximise return. ( Funding
• Subject to investor appetite and market developments, adjust the type of funding instrument, maturity buckets and develop new funding instruments where applicable; and
• In line with the strategy to lengthen the best maturity profile endeavour to raise funding according to the approved maturity distribution profile. Repo Transactions

Market volatility

• Contribute meaningful when Treasury related legal documents and certificates are drawn up by Legal advisors and Attorneys; and promote the bank during interaction with financial market participants.
• Reviews and researches the market to anticipate and advise on trends and instances of increased market volatility
• Update all stakeholders on changing market conditions and predictions of future volatilities
• Reports on trends on market changes

Preferred Minimum Education and Experience    

• BCom Degree or equivalent
• Registered Persons Exam
• 4 years experience in Treasury front Office activities including sourcing of funding and investment of surplus funds

Critical Competencies    

• Advanced Microsoft Office
• Treasury/ Financial reporting software
• Funding and term negotiation expertise
• Knowledge of the money and capital markets

Additional Requirements    

• Extended hours as and when required.
• Travel as and when required
• Cope in a stressful Environment