Head of Treasury at Workforce Group

Workforce Group is a Management Consulting and Outsourcing Professional Services Firm. Following its inception in July 2004, Workforce Management Centre Limited (Workforce) has built an enviable reputation as the leading indigenous management and professional services consulting firm in Nigeria. Drawing from its Deep Domain Expertise, in the area of organizational effectiveness and employee performance, the Company is positioned to assist businesses across diverse sectors of the economy in their quest to create sustainable value for their stakeholders.

We are recruiting to fill the position below:

Job Title: Head of Treasury

Location: Lagos
Job Type: Full Time
Industry: Banking / Financial Services

Job Summary

• As the Head of Treasury, you will play a pivotal role in shaping the financial strategies and operations of our digital bank.
• Your primary focus will be on asset and liabilities matching, ensuring a robust balance between our income-generating assets and funding sources.
• This critical responsibility will help maintain the bank's liquidity, profitability, and overall financial stability.

Responsibilities
Asset and Liabilities Management:

• Monitor and manage the bank's balance sheet to ensure optimal asset and liabilities matching.
• Conduct quantitative analysis to assess risk and returns associated with different asset classes.
• Implement strategies for asset allocation and investment to maximize profitability and minimize risk.
• Regularly review the portfolio and adjust investment strategies based on changing market conditions.

Financial Planning and Forecasting:

• Develop comprehensive financial plans aligned with the bank's strategic objectives.
• Forecast cash flows, liquidity needs, and interest rate risk to inform decision-making.
• Assess the impact of various economic scenarios on the bank's financial position.
• Collaborate with finance and other relevant departments to align treasury goals with overall business objectives.

Liquidity Risk Management:

• Ensure adequate liquidity is maintained to meet daily operational requirements and unforeseen contingencies.
• Establish and execute contingency funding plans to manage liquidity risks effectively.
• Monitor and manage liquidity stress tests to assess the bank's resilience under adverse conditions.

Investment Strategy:

• Develop and implement investment policies and guidelines that align with the bank's risk appetite and regulatory requirements.
• Identify suitable investment opportunities and analyze risk-return trade-offs.
• Diversify investment portfolios to minimize concentration risks and enhance overall returns.

Interbank Relationships and Funding:

• Cultivate and maintain strategic relationships with other banks and financial institutions.
• Negotiate credit facilities and funding arrangements to ensure access to diverse funding sources.
• Collaborate with the treasury team to manage interbank transactions and optimize funding costs.

Compliance and Risk Oversight:

• Ensure compliance with all relevant financial regulations and internal policies.
• Implement and oversee risk management frameworks related to treasury activities.
• Collaborate with risk and compliance departments to address regulatory requirements and audit findings.

Financial Reporting and Analysis:

• Prepare and review financial reports related to liquidity, interest rate risk, and investment performance.
• Provide analysis and insights to senior management on treasury-related matters.
• Assist in the preparation of financial statements and disclosures related to treasury activities for regulatory reporting.

Treasury Operations Oversight:

• Supervise daily treasury operations, including cash management, settlements, and transactions.
• Implement best practices and automation in treasury processes to improve efficiency and accuracy.
• Ensure adherence to operational controls and cybersecurity measures in treasury activities.

Team Leadership and Development:

• Lead and motivate the treasury team, providing guidance and support in their day-to-day responsibilities.
• Conduct performance evaluations, identify training needs, and facilitate professional development opportunities.
• Foster a collaborative and innovative culture within the treasury department.

Minimum Qualifications

• First Degree in a Finance / Accounting related field
• Advanced University Degree (Master's degree or equivalent)
• CFA, ACCA, etc.

Competence Requirements:

• Proven (8 years minimum) experience in treasury management, financial planning, and asset-liability management in the banking or financial industry.
• Strong understanding of financial instruments, investment vehicles, and market dynamics.
• Excellent analytical skills, with the ability to interpret complex financial data and make data-driven decisions.
• In-depth knowledge of regulatory requirements and compliance in the financial sector.
• Demonstrated track record of building and maintaining strategic relationships with other banks and financial institutions.
• Outstanding leadership and communication skills to motivate and guide the treasury team effectively.
• Adaptable, proactive, and able to thrive in a fast-paced, dynamic digital banking environment.

Application Closing Date
Not Specified.