Job Description

The Governance Framework for the Management of ALM Risk (i.e., Liquidity Risk, Currency Risk, and Banking Book Interest Rate Risk) provides the governance principles aimed at creating a robust process to assess, measure, monitor, and report these risks. RMB Nigeria’s (“RMBN’s”) Group Treasury is the extension of FirstRand Bank’s Group Treasury and is responsible for the implementation of the Framework in Nigeria. RMBN’s Treasury team is also responsible for the management of the bank’s capital to ensure its adequacy under business-as-usual and stress conditions, capital management risk is therefore a key component of this role.

Responsibilities:

Frameworks, policies, and mandates for the management of Treasury Risks:

Responsible for the establishment and maintenance of frameworks, policies and committee (i.e., ALCCO) mandates.  

Ensure full compliance with Group standards and regulatory requirements associated with funding and capital (LAR, 

CRR, LCR, NSFR, CAR.)  

Propose risk limits, ensuring that portfolio mandates are in place across and in line with risk appetite. 

Research best practices and make recommendations on the implementation of new developments and improvements in risk. 

management processes. 

Governance & compliance:

Monitor risks and ensure that the exposure and utilization is in line with the risk limits. 

Ensure that mandate and limit breaches and non-compliance thereof are escalated to appropriate forums. 

Ensure implementation of Basel III requirements across all portfolios. 

Ensure adequate governance processes are in place (frameworks and regulations). 

Ensure coordination of Internal and External Audit engagement. 

Risk analytics and measurement:

Ensure that an appropriate control framework is in place to ensure the accuracy and completeness of Treasury risk metrics 

Develop new and optimise existing strategies for the management of risks 

Perform an assessment and forecast  the key reporting metrics and provide commentary that can be used to explain implications of the outputs and attribute movements. 

Continuously assess appropriateness of metrics and measurement methodologies. 

Drive and implement the annual Internal Capital Adequacy Assessment Process ‘ICAAP’ (including the completions of all applicable reference documents) and Recovery Planning Process (RRP). 

Guide and implement a repeatable, dynamic stress and forecasting process in line with Group’s guidelines, regulatory requirements and best practice.  

Drive and implement the quarterly Internal Liquidity Adequacy Assessment Process ‘ILAAP’ (including the completions of all applicable reference documents). 

Review the stress testing of assumptions & BAU back testing results for each Treasury Risk. 

Perform impact assessments on proposed changes to regulations impacting on stress test outcome.

Provide recommendations to the executive management on dividend payout and optimization of the RWAs for business units based on the ICAAP outcome. 

Analyze and monitor the currency risk on the balance sheet (banking book) to ensure the bank is immunized from adverse shocks.  

Manage and ensure compliance with the regulatory limits on Net Open Position. 

Reporting & communication:

Co-ordination and production of the ALCCO pack sections and presentations relating to Treasury risks as well as facilitating and standardizing the reporting into appropriate forums and frequency for both in-country and Group 

Coordination and submission of Key Management Process reports relating to Treasury risks in the banking book to the Board’s Risk & Compliance Committee 

Action ad hoc reporting and queries relating to Treasury risks reporting 

Communicate results of risk analytics and measurement to the Treasurer  

Co-ordination and production of the periodic ICAAP and ILAAP report 

Strategic relationships

Responsible for the development and maintenance of strategic relationships with:

Other Risk Type Owners 

Finance, Regulatory Reporting and Compliance 

Management committees (ALCCO, FRM) 

Regulator 

Group and in-country Research teams 

Group ALM Risk Management 

Group Capital management 

Group Exchange Control 

Develop and maintain relationships with Group peers to keep up to date with latest developments across 

FirstRand w.r.t risk frameworks, disclosure requirements etc. 

Industry liaison 

Experience and Qualifications:

At least 10 years of work experience, 5 of which would have been spent within an Asset/Liability Management or Risk Management function.

A degree in accounting/finance/maths/statistics or a related field with a strong quantitative bias. 

CFA or FRM qualification would be an advantage. 

Thorough understanding of banking products and financial instruments. 

Thorough understanding of ALM management and an understanding of ALM and Capital specific regulations (e.g. Basel reporting standards) 

Knowledge of risk measures and practices (e.g., PV01, VaR, EaR (NII sensitivity) 

Thorough understanding of governance and control frameworks 

Capable of analysing complex concepts and translating these into simple and concise narratives for management 

General Competencies:

Strong analytical skills 

Strategic thinking 

Excellent communication skills (verbal, presentations, and written) 

Passionate/energetic 

Work well under pressure 

Self-starter / able to work independently 

Team player 

Strong interpersonal skills 

Commitment to excellence 

Time management 

#RMB

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Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

06/01/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.