Assets & Liability Manager at Canary Point Corporate Services Limited

Canary Point Corporate Services Limited is a financial services group of companies. CPCS Group is a holding company for various other companies that offer a range of investment and financial services to the public with the aim of offering effective money management. CPCS Group encompasses a broad range of businesses whose services span various areas of specialty within the financial sector.

We are recruiting to fill the position below:

Job Title: Assets & Liability Manager

Location: Lagos

Job Description

• We are seeking to hire an experienced Asset & Liability Manager focusing on ensuring that adequate liquidity and interest income is available to meet strategic objectives and financial obligations and cost of capital.

Role Objective

• The successful candidate will be responsible for leading the continued development of Asset & Liability Management.
• This will include focusing on ensuring that all business areas operate within the policies and procedures that you will put in place for effective Assets-Liability Committee (ALCO) management and reporting and that appropriate strategy is set for Assets Liability Management (ALM).
• Monitoring and managing the organization’s bank relationships and liquidity management.
• Managing foreign currency exposure and foreign currency payments.
• Forecasting of medium and long- term funding and hedging requirements (if applicable)
• Interest rate risk management and development of risk mitigation strategies
• Foreign exchange risk management and development of foreign exchange risk mitigation strategies.
• Managing balance sheet, cash flow, and ensuring provision of funds for the company.
• Implementing an assets and liabilities strategy (gapping) that optimizes the company’s return, in accordance with the ALCO’s guidelines/ recommendations.
• Developing and recommending financial policies, capital structure, hedging policies, as well as maintenance of bank relationships.
• Preparing ongoing assessment of asset & liability mismatches and managing the implementation of required short and medium term financing structures.
• Identifying and analyzing potential financial risks for the company, ensuring they do not adversely affect company funds (e.g. foreign exchange exposures).
• Managing daily cash balances, and surplus cash for other assets (e.g. money markets, fixed income).
• Making decisions on funding company operations and other financing requirement.
• Forecasting and Management of debt capital raising strategy, origination and execution of structured finance and hedging strategies, cash management strategies.
• Forecasting cash payments and anticipating potential challenges arising from limited cash flow.
• Setting strategy and overseeing management of Money Market to maximize treasury returns in compliance with the company’s market risk strategy.
• Ensuring compliance with the regulatory requirements (e.g. reserve requirements).
• Analyzing the impact of international markets on the performance of company products or services.
• Team management
• Preparing management and board reports
• Liaising with senior management across the organization
• Supporting the month end process where necessary

Candidate Requirements

• B.Sc / M.Sc in relevant Finance and / or quantitative subjects, e.g. Applied Mathematics, Physics or Engineering.
• Professional Accounting, and or Business Administration, or a similar field, professional financial qualification.
• Relevant experience in a treasury / credit function and exposure to man-management and leading teams.
• Financial reporting (IFRS) and Capital reporting experience and a working understanding of the dynamics between Finance and Risk Management.
• Experienced in treasury products with extensive capital market experience, credit and financial analysis.
• Strong understanding of hedging interest rates and foreign exchange exposures.
• Good knowledge of cash management products.
• Strong understanding of capital markets and balance sheet management techniques.
• 7-10yrs experience is required for this role.

Skills and Attributes
The more common skills and attributes that are most required may include, but not be limited to:

• Experience managing a Treasury Function
• Understanding and experience of treasury accounting including FX, liquidity,
• Cashflow and various financial instruments
• Sound understanding of accounting principles
• Strong understanding of financial markets, financial instruments and debt instruments
• Knowledge of banking relationships and covenants
• Ability to work autonomously and be part of the broader team
• Appropriate handling of sensitive information
• Excellent time management and organizational ability
• High level of attention to detail
• Strong client relationship management and customer service skills
• Team player with the ability to communicate and coordinate with multiple parties
• Intermediate to advanced computer software skills, including Excel and other accounting packages.

Application Closing Date
Friday, 14th February, 2020.

How to Apply
Interested and qualified candidates should forward their updated CV to: [email protected] using the "Job title" as the subject of the email.