Financial Services Advisory (FSA): Capital Team: Treasury: Manager/Senior Manager at Deloitte

Job Description

Main Purpose of Job

Develop and grow our Treasury services to Corporates and Banks by delivering client projects, bringing practical experience to the team and building Deloitte’s eminence in this space. Such projects primarily entail current state assessments against industry best practice and relevant regulatory requirements, future state design, governance and control reviews as part of internal / external audits, system implementation reviews, and remediations / large-scale treasury transformations.

In terms of corporates, the treasury environment as referred to in this document includes cash and liquidity management, including counterparty credit risk; FX, interest rate and sometimes commodity risk management. In terms of banks, the treasury environment as referred to in this document includes liquidity, IRRBB, ALM – support on capital-related projects such as ICAAP may also be required from time to time.

The candidate should note that currently, the largest component of our business pertains to Corporate Treasury (although there may be a shift to Bank Treasury again, dependent on future regulatory changes.

Qualifications

Required Qualifications

• CA (SA) or degree/ honours/ masters in Risk Management, Mathematics or Statistics

• CFA / FRM / PRM preferable

• Work experience in the treasury or trading risk environment of a bank or corporate (Required)

Required Experience

• 5-10 years in Market Risk / Treasury / Liquidity Risk roles that encompass responsibilities such as:

  • Market Risk (mainly FX, interest rates and some commodities) - understanding of financial derivatives and how these are utilised by Corporates and Banks for risk management purposes. Understanding of pricing models and common risk metrics (sensitivities, stress tests, VaR).

  • Liquidity – experience in cash management, liquidity risk management, counterparty risk management, funding / debt management, funds transfer pricing.

  • Experience in terms of governance and controls, including policies and procedure documentation.

  • Experience with trading, risk management, and or corporate treasury systems.

  • Front office, Middle office (e.g. product / valuation control) or Risk experience

  • Governance and controls, policies and procedure documentation.

  • Willingness to travel to regions such as Africa and the Middle East (including Saudi Arabia) subject to prevailing travel restrictions.

Additional Information

Your role as a leader

At Deloitte we believe in the importance of leadership at all levels. We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society and make an impact that matters.

In addition to living our purpose, you will be expected to:

• Contribute to a high-performing team

• Deliver exceptional client service; maximize results and drive high performance while fostering collaboration across businesses and borders

• Influence clients, teams, and individuals positively, leading by example and establishing confident relationships with increasingly senior people

• Understand key objectives for clients and Deloitte; align people to objectives and set priorities and direction

What you will do / Specialized Competencies

You will be primarily responsible for execution on client engagements and growing the business.

Our services range from:

• Supporting clients in understanding new market developments and “what good looks like”, i.e. as defined by industry best practice or relevant regulations.

• Identify gaps in clients’ treasury and financial risk management capabilities, defining solutions and supporting the implementation thereof

• We service clients in South Africa, the Middle East and the rest of Anglophone Africa.

Key Performance areas

Strategic Impact

Implements our business strategy within area of responsibility including:

o   Revenue targets

o   Talent management

o   Communication to teams

o   Tracking of plans in engagements / projects 

• Actively identifies sales opportunities in broader market

• Preparation of proposals/tenders and presentations

• Participates in sales presentations and client negotiation teams for new and retained business

• Grows market network with key players and builds long-term relationships

• Builds relationships across Deloitte service lines for cross-selling opportunities and combined engagement pursuits

• Identifies innovative solutions on projects / engagements to enhance / renew service offerings to client

• Drives own client portfolio and profitable book of business

Client Impact: External / Internal

• Maintains high level oversight of client engagements / projects

• Forms appropriate judgements based on careful analysis to makes sound business decisions on engagements / projects

• Develops productive, credible and trusting relationships with key players and their teams during assignments / projects

• Builds a network of senior-level internal relationships across Deloitte to understand other business unit offerings and to market own area

• Establishes and maintains strong relationships with external business leaders across industries

• Contributes to thought leadership and shares knowledge and expertise with clients, colleagues and teams

Operational Effectiveness

• Manages engagement/project risk through supervision of completion of required documentation and processes as mandated by Risk & Independence, as well as risk to client confidentiality

• Leads / manages complex client engagements and maintains high level oversight of all engagements / projects within sphere of responsibility

• Meets regularly with clients and teams to understand issues, anticipate needs and address these

• Consistently drives improvement on deliverables through effective leadership

• Keeps leadership updated on status of all assignments

• Communicates need for any changes in engagement / project plan to relevant leadership and obtains agreement for relevant amendments

• Provides ongoing communication to teams on status of engagement / project, changes, achievements, etc.

• Drives Deloitte values of exceptional service to clients, growing the firm’s brand and talent development

Development/Growth of Team

• Mentors and develops team members and counselees on an ongoing basis

• Empowers managers through appropriate delegation of work

• Develops close working relationships with key talent

• Maintains dynamic succession plans for every critical resource, depending on the profile / need expertise

• Maintains own development and knowledge in specialised area and business

• Demonstrates commitment to transformation agenda of the firm

• Provides consistent recognition and encouragement to teams and leads by example

Budgets / Profitability

• Construct engagement teams with suitable talent, balancing correct levels and numbers and recruiting as necessary

• Manages margins effectively through accurate budgeting, pricing and profitability management on engagements

• Monitors that time and expenses to engagements are recorded and submitted weekly

• Ensures billings are timeously done and collections followed up

• (May) negotiate pricing for engagements to ensure profitability whilst maintaining client interests

Leadership/Behavioural Capabilities:

Living our Purpose - Leads by example; is a role model in living our values; inspires others to raise the bar and deliver outstanding value to our stakeholders, colleagues and communities; seeks out opportunities to recognize individuals and teams for the impact they make; and connects their contributions with our broader purpose.

Influence - Builds broad and deep relationships, that span organizational boundaries, and include a diverse network of internal and external stakeholders; effectively uses a wide range of influencing tactics, can respond effectively to complex organizational or political climates; anticipates potential conflict based on knowledge of interpersonal and group dynamics; and proactively takes steps to prevent or resolve it.

Strategic Direction - Clearly communicates direction to team(s) in line with overall global, business and member firm strategies; capable of creating, owning, and articulating a compelling vision and goals for multiple teams, and helping people at all levels to understand how the parts fit together into a whole.

Talent Development - Identifies skills needed for the future, spots and develops high-potential talent to meet emerging needs; coaches and mentors managers and other team members to develop and capitalize on their strengths and prepare them for transition to the next level; and creates an experience within the teams they lead that attracts and retains top talent.

Performance drive - Aligns team roles with individual strengths to build and inspire high-performing teams; coaches and empowers team members to stretch their capabilities and ensures they have access to the right resources, within and across businesses and borders, to deliver results and provides timely recognition and feedback, while holding people and teams accountable for results.

*Please note that this job advertisement provides a summary of the capabilities required and all candidates shortlisted will receive a full list of capabilities.