Senior Manager: Treasury and Capital Markets at MTN

Mission/ Core purpose of the Job

The Senior Manager: Treasury and Capital Markets is responsible for active management of Opcos with regard to decision making as well as, where required, efficient strategies towards the determination, implementation, and execution of Finco financial market instruments within the broad mandate including risk management, yield enhancement, foreign exchange, and money market transactions.

Further the SM  is accountable to drive and steer the long term capital financing and investment strategy consolidation. The role will support Group Leadership with strategic decision-making processes to ensure appropriate resource allocation. The incumbent is required to lead the Capital, Investment and Funding processes for Group and Opcos to ensure that principles, practices and methods are clearly understood and strictly adhered to. 

Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's) 

Strategy Development and Implementation

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

Operational Delivery

• Set and define the framework for capital strategy consolidation and structured financing; lead organisation-wide strategy, planning, design and implementation.
• Manage and monitor capital structures across Group and Opcos.
• Define and implement the philosophy, policies, frameworks, principles and processes for Group Capital, Investment and Funding consolidation, in order to ensure standardization and accuracy across Opcos
• Drive centralization of planning and management of investments and funding for the Group, enhancing Finco’s financial position
• Provide expert guidance and stewardship to the Opcos in the planning, managing and executing on funding requirements.
• Drive a consolidated long-term capital strategy planning and modelling for Finco Group and Opcos
• Provide expert advice and guidance to management regarding funding, by designing, evaluating and executing on innovative funding solutions, including for intercompany funding
• Provide expert advice, guidance and oversight to Group and listed Opcos on dividend planning strategy and execution
• Devising and gearing balance sheets as required, in order to ensure a healthy cash flow for Group and Opcos
• Drive compliance with Treasury policies and frameworks across the organization and monitor the risk profile of Group and Opcos, in collaboration with Risk and Compliance, identifying potential risks that can impact treasury or cash flow
• Assist the GM Treasury in creating a conducive environment interlinking the service and support functions to work as a team to deliver Finco treasury objectives.
• Evaluate and recommend appropriate solutions to the GM Treasury for the continued growth of the organisation
• Inputs into the further development and improvement of the treasury policy
• Ongoing monitoring of assessment with respect to compliance
• Responsibility for treasury solutions for subsidiaries and inputs into specific subsidiary treasury requirements.
• Responsible for the development and implementation of treasury procedures and inputs into policies and reviewing them on a timely basis
• Identify uncovered FX positions and recommend solutions within policy
• Oversee and approve all forex dealing tasks (Evaluate and negotiate rates for committing the company to buy currency)
• Oversee and ensure that active controls are in place for the loading of deals on the treasury system
• Planning and up streaming of cash for operations and managing of liquidity
• Provide ongoing support to the Opcos on cash upstreaming, M&A evaluations, and technical treasury
• Review, monitor & report 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.
• In collaboration with the Tax function, determine optimal tax strategies with a positive impact in cash flow and treasury positioning, including cash recovery strategies and asset sales
• Manage all the requirements of debt holders and credit rating agencies, ensuring compliance and adherence to their frameworks and parameters.
• Provide expert assistance and guidance to Opcos in financial structuring, long term investment evaluations and cash upstreaming management

Staff Leadership and Management             

• Build and manage a high performing team by providing leadership, role clarity, training and career development
• Build and manage a high-performance team and subject matter experts in Treasury
• Continually develop a culture of strong collaboration and effective team working

Staff Leadership and Management             

• Ensure open communication channels with staff and implement change management interventions where necessary
• Provide definition of roles, responsibilities, individual goals, and performance objectives for the team
• Set KPIs and provide regular performance feedback through a well-defined and implemented performance review program
• Develop and implement a training plan to build and develop skills within the team
• Encourage knowledge transfer through the implementation of a knowledge transfer plan and drive continuous improvement philosophy through the knowledge transfer plan
• Performance manage resources in accordance with HR policy and legislation where necessary
• Actively participate in leadership team and develop skills of own team
• Promote a ‘Finco centric’ and ‘partnership approach’ to develop strong relationships with other working groups and ensure adherence to Group governance.

Governance

• Operational, Tactical and Strategic Meetings
• Participate in strategic meetings, ensure relevant participation, and provide guidance and input in the various discussions. Solicit feedback and input from opco Finco.
• Drive adequate risk mitigation and controls and elicit inputs from relevant parties
• Request relevant budget for internal projects
• Prepare proposal on change initiatives, policies, and procedures

Escalations

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

Tactical

• Craft all projects initiated (internal or global)
• Review and finalise objectives, targets, and budgets as applicable
• Review key risks, issues and dependencies and set mitigation actions
• Develop and manage budgets
• Facilitate Sign-off / make decisions regarding tactical changes

Performance

• Monitor performance and alignment with Treasury & Investor Relations strategy
• Ensure alignment between other functions within Group Finco teams

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:

• 8 – 10 years of relevant experience in Treasury, Capital Management / Capital Investment & funding roles
• 3 – 5 years of relevant working managerial experience in the Financial Services, Fintech, Banking sectors
• Working experience in foreign exchange and money market dealing, loan administration, foreign payments settlements and confirmation, forex reconciliations.
• Extensive exchange control knowledge and experience is essential,
• 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
• Pan Africa multi-cultural experience is advantageous

Competencies:

Functional Knowledge:

• Financial risk management and Risk Mitigation strategy
• Working capital management
• Treasury procedures and policy development
• Hedging
• Capital Structure and Liquidity Management
• Capital Markets
• Capital Investment & Funding
• Credit Management
• Working Capital Management
• Financial reporting
• Business case evaluation
• Interpretation of legal agreements with respect to costs (Fees, interest rates calculations and penalties)

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