Head of Liquidity and Funding at Commonwealth Bank

The Commonwealth Bank Group is executing a plan to enter and disrupt the South African banking market. This will be achieved through a combination of innovative technology platforms, simple transparent and relevant customer offers, unique and differentiated partnerships and a distinctive focus on digital banking. Our strategy is one of financial inclusion – we are looking to breaking down the barriers to participation in the formal financial system. We will do this through a combination of this ultra-low cost innovative digital banking proposition together with an emphasis on financial literacy where we will deliver the knowledge and understanding that is a prerequisite to trust and participation.

As a values-led organization, we live by accountability, collaboration, integrity, service and excellence and our vibrant leaders are approachable, energized and open to create an inspiring place where people thrive and talent excels.

The purpose of the role:

This role will be responsible for developing and implementing the treasury and liquidity management processes, policies and reporting requirements for the organisation.

 

You will:

• Support the CFO and ensure appropriate Treasury oversight and management of the Balance sheet.
• Establish and maintain banking relationships with counterparties in the South African Markets through high personal integrity and professional standards.
• Establish the Bank's Liquidity, Funding and Regulatory Reporting capability.
• Establish and maintain the knowledge base of legal and regulatory requirements and market conventions.
• Establish and manage the bank's Liquidity Management and participation in South African Markets and ensure business activity is consistent with, and maintains, the structural integrity of the balance sheet.
• Ensure all Treasury activities are in line with internal policies and procedures whilst optimising Treasury NPAT.
• Identify possible interest rate risk exposure by understanding the developing pricing strategies on both assets & liabilities products.
• Plan, monitor, and manage the bank's liquidity so as to control liquidity and funding risk of the bank within delegated limits and at an acceptable cost.
• Establish and execute timely reviews of local policies in relation to liquidity risk and internal Treasury policies & procedures.
• Ensure compliance to the statutory limits as well as the timely submission of reports relating to treasury operations
• Report any breach of delegated or statutory limits to the CFO, Risk & Compliance Team and Chief Executive Officer and Group/IFS (as required).
• Manage inter-Bank/Group borrowing/lending.
• Make decisions on placing investment of surplus liquidity in accordance with the bank's policy and procedure and counterparty limits.
• Prepare and develop new related internal policy and procedures in accordance to Legal Compliance and Central Bank regulations.
• Build and nurture a strong treasury team, where we become an employer of choice.

What will make you successful?

• Proven track record in managing Liquidity and Funding of a Banks in South Africa.
• Banking treasury experience of 10 years or more, including hands on experience in Treasury Products and Liquidity Management.
• Knowledge of the South African Market, Regulations as well as regional and global market trends.
• Solid Liquidity and regulatory reporting experience within the South African Banking Market.
• Strong attention to detail, analytical capability and the ability to generate business critical insights
• Strong commercial acumen, with proven track record of driving for business outcomes.
• Advanced communication, stakeholder engagement and influencing skills.
• A passion for the customer experience and an understanding of customer behavior.
• Ability to thrive in a changing environment and to lead collaboratively through change
• Strong people leadership capability, with the ability to inspire and motivate people.
• Interested in and excited about a startup opportunity.
• Bachelor's degree; post graduate and/or professional qualification will be added advantage

We offer you the opportunity to expand your career surrounded by a skilled and successful group of individuals. Our remuneration packages are highly competitive and you will have access to a range of exclusive and exciting benefits.

We are committed to building a respectful and inclusive workplace, appointing the best person for the role, supporting diversity. All information will be held in the strictest of confidence.