Manager Treasury Operations at MTN

Mission/ Core purpose of the Job

The Manager: Treasury Operations is responsible to implement and manage the centralised Treasury support function and operational process across the group to improve efficiencies and manage risk based on the approved Treasury Policy as amended from time to time.

The Manager is responsible for managing a centralized and formal treasury front, middle and back-office function and associated operational processes across the DigiFi group & Opcos to improve efficiencies and manage risk based on the approved Treasury Policy as amended from time to time.

Further, the Manager is responsible to provide Inputs and assistance in terms of assessment of treasury risk and inputs into risk mitigation strategy/solutions, Responsible for assistance in determination and managing the effective buy-in and implementation the risk management strategy/solutions.

Strategy Development and Implementation

• Provide strategic input to the Treasury & Investor relations on treasury related matters
• Assist with the development of a financial risk management matrix and development of adequate risk mitigation strategies
• Implementation of appropriate hedging strategies for foreign exchange and interest rate risks
• Management of appropriate working capital management strategies
• Assist with designing and implementing cash management and investment strategy
• Managing and monitoring the capital structure
• Assist with design and implementation of diverse cash collection strategies in line with best practice and innovation
• Assist with design of innovative banking solutions and practice

Operational Delivery

• Custodian for all External loans created through Funding Requirements and Banking relationship
• Management of all updates to authorized signatories and dealer mandates, opening of bank accounts,
• Collation of contract documents, preparation of audit trail for contract renewal including documentation on services rendered and linking prior approvals / payment information
• Responsibility for Forex forecasts including advising on all foreign exchange transaction principles to senior stakeholders within Opcos in the business
• Determine, evaluate, negotiate and manage the effective implementation of structured products for risk management and yield enhancement

Treasury policy 

• On-going management (updating and improvement) and monitoring of compliance with policy to ensure appropriate risk profile of holding companies and Group, including any limitations due to sanctions and rollout and application into operating subsidiaries.
• Cascading of treasury policy applicable across Opcos

Treasury systems 

• Ensure supporting treasury system in place to retain integrity of treasury information and streamline the processes for holding companies and subsidiaries.
• Reconciliation with accounting systems.
• Supporting systems should be managed including Reuters, Bloomberg, Concorde (settlements).
• Ensure as much electronic banking as appropriate in place to manage integrity and automation of the treasury
• Support to maintain the banking profiles on the treasury management system, extract and review of system access reports, correct loading of beneficiaries in system

Treasury management and reporting

• Provide advisory support and guidance on treasury functions including hedging, deal management and financial risk management
• Analyse and determine the appropriateness of forex dealing/settlement reports and provide valuable insights based on the data. Ensure effective reporting systems and process is in place in order to manage and meet reporting deadlines and guidelines
• Oversee and manage the reporting to the Group Treasury committee, Risk committee and Audit committee on back/middle office functions.

Regulatory compliance

• SARB applications, reporting and management (ensure compliance) and any FSB and associated issues. Appropriate and complete filing systems to ensure no risks and adequate information for auditing and ongoing requirements. Compliance with terms of loan agreements including compliance certificates.

Relationship management and mandates with the banks in respect of back/middle office functions

• Effective management of banks accounts and relevant strategies thereof
• Develop relationships with banks that are mutually beneficial for both Finco and the bank
• Facility management including KYC/ISDA’s etc and banking relationships and smooth and efficient back office. Correct lines in place to support front office requirements. Signatories, Delegation of Authority, Bank mandates, loan administration etc

Asset and liability management

• Detailed breakdown and appropriate filing and system management for all holding company assets and liabilities including intercompany loans, investments and sanction fund management. Guarantees and letter of comfort issued and managed
• Define templates, tools and operational procedures. Identify uncovered FX positions and recommend solutions within policy
• Other ad hoc support for Group funding and special projects

Cashflow forecasts

• Planning and up streaming of cash for operations and managing of liquidity
• Managing, monitoring, and reporting on cash positions, investment management, optimal allocation of funding and liquidation and liquidity ratios
• Provide the necessary information and process to ensure adequate solvency and liquidity for compliance to the new companies act, by country and by currency (by bank) as well as ability to manage shorter term liquidity.

Governance

• Operational, Tactical and Strategic Meetings
• Provide input in strategic meetings when required
• Provide inputs into the risk mitigation and controls
• Provide input into the preparation of proposal on change initiatives, policies and procedures

Escalations

• Escalate issues that will result in severe time, scope, productivity, and cost or resource impact
• Provide solutions to escalations that have multiple processes / functions impact on critical path of service delivery

Function Tactical

• Provide input into all projects initiated
• Provide input into establishing objectives, targets and budgets for the function as applicable
• Identify and document key risks, issues and dependencies and set mitigation actions
• Prepare documentation required for sign-off / making decisions regarding tactical changes

Performance

• Ensure execution in alignment with divisional strategy
• Continuous performance monitoring and adjust strategy and actions to deliver targets

Reporting

• Report on a periodic basis relating to progress made within the function and in accordance with the measurement metrics set by the organisation
• Report on an ad hoc basis on specific projects, as required

Job Requirements (Education, Experience and Competencies) 

Education:

• Minimum of 3 year tertiary degree (Bachelor’s degree in Finance and / or equivalent;
• Post graduate degree in Finance and/or equivalent professional qualification (preferred)
• CA or Chartered Financial Analyst (CFA) (advantageous)
• MBA or Masters (advantageous)

Experience:

• 5-6 years (total) experience in at least two treasury areas such as foreign exchange and money market dealing, loan administration, foreign payments settlements and confirmation, forex reconciliations
• 2-3 years of relevant working managerial experience in the Financial Services, Fintech, Banking sectors
• Experience working in a medium to large organization
• Experience working across global locations/ regions and have a grasp of political, social, infrastructure and integrity challenges

Competencies:

Functional Knowledge:

• Financial risk management and Risk Mitigation strategy
• Working capital management
• Cash collection
• Treasury procedures and policy development
• Cash flow
• Foreign exchange dealing
• Loan administration
• Foreign payments settlements and confirmation
• Forex reconciliations
• Exchange control
• Legal-related knowledge related to Treasury

Skills

• Business Acumen
• Analytics and Interpretation
• Strategic Thinking
• Organizational Agility
• Digital mind-set
• Dealing with ambiguity and complexity
• Decision Making
• Conflict Management
• Negotiation
• Financial and Numerical
• Project Management
• People Management
• Executive Presentation

Behavioural Qualities

• Adaptable
• Complete candour
• Culturally aware
• Emotional Maturity
• Innovation
• Integrity
• Leadership
• Team Player