Senior Manager: Treasury Operations at MTN

Mission/ Core purpose of the Job

The Senior Manager: Treasury Operations is responsible to lead 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 SM is responsible the oversight & delivery of the centralized and formal treasury front, middle and back-office function and associated operational processes across Finco group & Opcos to improve efficiencies and manage risk based on the approved Treasury Policy as amended from time to time.

Further, the Senior Manager is responsible for assessment of treasury risk and develop risk mitigation strategy/solutions and manage the effective buy-in and implementation the risk management strategy/solutions.

Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's) (1/3)

Strategy Development and Implementation

• Provide strategic input to the overall Treasury strategy and operational plan
• Drive continuous improvement initiatives to ensure solutions are in line with global best practices and are implemented as required
• Develop a financial risk management matrix and development of adequate risk mitigation strategies
• Ensure implementation of appropriate hedging strategies for foreign exchange and interest rate risks
• Develop and manage working capital management strategies
• Design and ensure implementation of cash management and investment strategy
• Review and monitor the capital structure
• Develop diverse cash collection strategies in line with best practice and innovation
• Assist with design of innovative banking solutions and practice

Operational Delivery

• Lead the implementation of Group Finco Treasury Policy across the Group Finco Opcos. Oversee the on-going management of the policy to ensure the risk profile is appropriate. Further provide input and recommendations based on best practices to amend the policy as and when required.
• Ensure appropriate processes and controls at holding company and subsidiary level to ensure compliance with the treasury policy.
• Monitor the risk profile of holding companies and Group, and assess the impact due to any limitations or sanctions on the operating subsidiaries
• Custodian for all External loans created through Funding Requirements and Banking relationship
• Review and manage 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 systems

• Responsible for implementing and maintaining the appropriate Treasury Management Systems and integration to ensure consolidated risk reporting and integrated risk management
• Ensure successful integration with leading 3 party market intelligence suites, such as Reuters, Bloomberg, Concorde, etc. or any other system as deemed appropriate for real time updates and market reports

• Oversee the implementation of electronic banking system in order to manage bank accounts and cash balances across the BVIs and the holding companies on a real time basis and settle transfers and payments electronically. Also leverage Bloomberg/Reuters treasury portals for real time market information

Treasury management and reporting

• Provide advisory support and guidance on treasury functions including hedging, deal management and financial risk management.
• Lead the reporting to the Group Treasury committee, Risk committee and Audit committee on back/middle office functions
• As part of managing the Operational Treasury portfolio manage the regular cash flow forecasting/reporting activities. Provide oversight on of all dividend/management fee flows, funding flows
• Manage overall liquidity of Group Finco and cash positions

Regulatory compliance

• Responsible to oversee SARB applications, reporting and management & compliance) and any FSB and associated issues.
• Oversee and ensure availability of appropriate and complete filing systems for auditing and ongoing requirements.
• Responsible to ensure compliance with terms of loan agreements including compliance certificates.
• Relationship management and mandates with the banks in respect of back/middle office functions
• Lead the management of banks accounts and relevant strategies thereof
• Develop relationships with banks that are mutually beneficial for both Finco and the bank

Asset and liability management

• Ensure development of 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
• Review and oversee the development of templates, tools and operational procedures. Identify uncovered FX positions and recommend solutions within policy
• Oversee and provide guidance on Group funding and special projects

Cashflow forecasts

• Oversee and manage the planning and up streaming of cash for operations and managing of liquidity

Lead and review reporting on cash positions, investment management

• 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

• Strategic Meetings
• Participate in strategic meetings, ensure relevant participation, and provide guidance and input in the various discussions. Solicit feedback and input from Finco Opcos
• Drive adequate risk mitigation and controls and elicit inputs from relevant parties
• Provide 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

Function Tactical

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

Performance

• Monitor performance and alignment with Group Finco global strategy
• Ensure alignment between other functions within Group Finco teams

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 4-year tertiary degree (Bachelor’s Degree in a Financial, Commerce, Statistical, Credit Risk Management or related CA Certification
• Chartered Accountant (SA)
• Professional certification in Risk and/or Finance such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), Chartered Financial Analyst (CFA) or Certificate in Quantitative Finance (CQF)

Experience:

• Minimum of 7 years post qualification experience plus at least 3-4 years of experience in Treasury Operations management preferably in in a multi-currency and multi geography Treasury role
• Understanding and experience of treasury accounting including FX, liquidity, cashflow and various financial instruments
• At least 3-4 years of experience in foreign exchange and money market dealing, loan administration, foreign payments settlements and confirmation, forex reconciliations
• Manager track record of 3-4 years or more
• Experience in the Financial Services, Fintech, Banking sectors is preferred
• Worked across diverse cultures and geographies
• Prior experience Financial Services preferred
• Attitude of Innovation, inventiveness and thought leadership
• Abreast of global mind-set and best practice with regards to Treasury Operations
• Willing and flexible to travel within Africa and Middle East
• English speaker. French, Portuguese, Zulu, Swahili, and other African languages a plus

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