Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines - internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank's capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.
We are recruiting to fill the position below:
Job Title: Treasury Risk & Control Officer
Job ID: 12834
Location: Nigeria
Division Group: Operations
Position Category Group: Operations Control
Employment Type: Full Time - Permanent
Scope of Role
- This is an internal function which will drive the framework, oversight and monitoring of the control environment across the treasury functions from end to end.
- It will work in partnership with the Head Office Control as well as Operations Control to mitigate risk in transactions and the underlying processes across the Treasury functions from the front office functions to the back office.
- The focus will be to mitigate market risk, credit risk and operational risk through a number of control and monitoring processes. Important stakeholders includes: Global Market front Office, Global Market Operations, Asset and Liability Management, Market Risk, Internal Audit, Compliance, Legal, Reconciliation and External Audit, etc.
- The role holder will need to develop these relationships in order to maintain / establish efficient and robust operating models both in and outside of Operations Services.
Key Responsibilities/Accountabilities
- Maintain a culture within the bank that emphasizes and demonstrates the importance of internal control to all staff.
- Carry out periodic spot checks at the dealing room to promote bank's control visibility and inculcate sense of control awareness in the dealers
- Review daily and suggest improvements to operational controls in processes and procedures.
- Ensure the establishment and maintenance of systems and procedures to monitor and measure the compliance of Trading/Banking Book risks with the limits and guidelines set in the Liquidity risk policy, Market Risk policy and the Banking book interest rate risk policy.
- Ensure effective compliance with agreed limits of authority and levels of access to systems and information in daily transactions processing for market dealers and other processors.
- Maintain day-end and month-end data to enable reporting on current and historical compliance or non-compliance with limits and guidelines, with appropriate commentary over daily, weekly, monthly, quarterly or annual periods.
- Give prompt attention to breaches of limits and guidelines, including the development of risk mitigation strategies.
- Review and Assess bank's funding plan, including modelling alternative funding strategies.
- Ensure that all routine controls relating to new products developments and business developments in Global Market are applied effectively, with particular emphasis on routine compliance.
- Review of past audit and regulatory reports in Global Market (Operations and Front Office) to identify exceptions raised and monitor remedial action/ compliance and ensure adequate controls to avoid repeat findings
- Review money market deal slips/transactions such as treasury bills, interbank placements/takings and bonds etc
- Review of all blotters maintained by the Global Market in respect of FX, Money Market and Securities related deals to ensure that all traded deals are booked and captured in the system
- Review of CBN reconciliation to ascertain that all trades (money market and fixed income securities) settle as expected and that the net settlement figures are credited or debited to the account accordingly.
- Daily review of the bank's net open position limit and foreign exchange exposure to ascertain that both internal and regulatory limits are not exceeded.
- Review of fixed income securities (Treasury bills & Bonds) and ensure that the securities are correctly recognized in the banks' books in line with FIRS standard
- Monitoring of all Global Market Suspense accounts to ensure that no item is outstanding beyond timelines allowed by policy.
- Schedule review of records maintained in the voice-logger device in respect of the bank's dealers' conversations on deals done with the counterparties
- Work in partnership with all stakeholders to ensure that potential risks and controls are adequately identified and measured appropriately via the KRI, KCI & RCSA processes.
- Improve functionality of the control processes by playing a full end to end role (identification, testing, reporting and implementation of initiatives).
- Support and work for the timely closure of findings raised by Internal and External Audit.
- Prompt Rendition of control activity report weekly.
- Liaises with business stakeholders in ensuring that regulatory, group policy standards and minimum operating procedures are observed to minimise the Bank’s exposure to risk.
- Establish and maintain the Mission Critical Processes (MCP), sub-processes and underlying controls needed to effectively manage control across the bank.
Required Skills and Qualifications
Educational Requirements:
- First degree in Business, Accounting, Banking or Finance-related field.
- Professional Accounting or Internal Control Qualification will be an added advantage
- 3 to 4 years Control experience in treasury or market risk management functions.
Required Competencies:
- People management Skill
- Good internal and external communication skills with all stakeholders resulting in exceptional customer service being delivered to both internal and external customers.
- Visibly assist the key stakeholders in achieving targets and standards of performance by providing consistent encouragement and guidance.
- Good communication skills with colleagues resulting in good customer service.
- Optimize and streamline existing systems, processes and controls for cost-effective service delivery.
- Personality Traits
- Excellent report writing, verbal, presentation and interpersonal communication skills;
- Strategic business focus;
- Display initiative, determination and passion to succeed;
- Leadership and motivation skills;
- Ability to work under pressure;
- Delivery and control oriented;
- Systematic and methodical.
Self-Development:
- Identifies appropriate formal and occupational (informal) training needs and courses (internal/external) to develop oneself.
- Up-Skills oneself regarding new products and procedures through attendance of workshops/presentations and reading of internal and external communications
Decision Making:
- Immediate escalation of all high impact incidents/faults
- Prioritize systems processes and execute accordingly.
Application Closing Date
5th May, 2015.
How to Apply
Interested and qualified candidates should:
Click here to apply online