Role: Asset & Liability Manager
Department: Treasury
Location: Lagos Island
Salary budget: 5 to 8m per annum
Our client, a financial institution is looking to fill the position of an asset & liability manager who will be responsible for leading the continued development of Asset & Liability
Management. This will include supporting and shaping the development of the
ALM function, supporting the annual planning process and developing /
managing Financial Risk Model.
Core Roles & Responsibilities:
• Managing balance sheet, cash flow, and ensuring provision of funds for the company.
• Implementing an assets and liabilities strategy (gapping) that optimizes the
company’s return, in accordance with the Asset and Liabilities Committee’s guidelines/ recommendations.
• Responsibe for the management of capital, liquidity, interest rate, hedging
and other balance sheet risks via reporting against appetite and modelling
forward-looking impacts and solutions.
• Preparing ongoing assessment of asset & liability mismatches and managing
the implementation of required short and medium term financing structures.
• Making decisions on funding company operations and other financing
• Management of debt capital raising strategy, origination and execution of
• Setting strategy and overseeing management of Money Market to maximize
• Developing and recommending financial policies, capital structure, hedging
company’s return, in accordance with the Asset and Liabilities Committee
structured finance and hedging strategies, cash management strategies.
company.
• Preparing ongoing assessment of asset & liability mismatches and managing
adversely affect company funds (e.g. foregn exchange exposures).
(ALCO)’s guidelines/ recommendations.
limited cash flow.
• Ensuring compliance with theregulatory requirements (e.g.reserve
the implementation of required short and medium term financing structures.
• Analysing the impact of international markets on the performance of company
requirements).
treasury returns in compliance with the company’s market risk strategy.
policies, as well as maintenance of AAM relationships.
• Managing daily cash balances, and surplus cash for other assets (e.g. money
• Identifying potential financial risks for the company, ensuring they do not
• Forecasting cash payments and anticipating potential challenges arising from
forward-looking impacts and solutions.
products or services.
• Give prompt attention to breaches of limits and guideline, with a particular focus on the development of risk mitigation strategies.
KPIs:
• %completion of activities outlined in the ALM policy.
• % compliance with the regulatory requirements (e.g. reserve requirement
Required Competencies
• Strong analytical skills whilst also being commercially astute.
• Good model building skills
• Good quantitative analysis skills
• In depth understanding of financial and capital markets
• In-depth knowledge of economic fundamentals and banking, asset management products and Capital Markets instruments (including derivative instruments).
• Good portfolio management and product development skills
• Good problem-solving, negotiation, and conflict resolution skills
• Good leadership abilities
• Good relationship management skills • Good interpersonal and communication skills.
• Experience in preparation of Prudential regulatory Capital and Liquidity
Educational Qualifications
• Minimum of bachelor’s Degree in Finance, Economics, Accounting and
• In-depth knowledge of treasuryand financial rsk management.
Business Administration or any related discipline with at least 7years’ relevant
experience.
• Master’s degree in a reated discipline wll be an added advantage