Head of Treasury at Family Bank Ltd

REPORTING TO: CHIEF FINANCE OFFICER.

Job Purpose:

• We are seeking a highly experienced and strategic-minded professional to join our organization as the Head of Treasury. The incumbent will be responsible for overseeing all aspects of treasury management, including liquidity management, cash flow forecasting, capital allocation, risk management, and compliance. The successful candidate will provide leadership and direction to the treasury team, develop and execute treasury strategies aligned with organizational goals, and ensure the efficient and effective management of financial resources.

Key Responsibilities:

• Develop and implement comprehensive treasury strategies and policies that align with the organization's financial goals and risk appetite.
• Manage the bank's daily cash position and forecasting to ensure that the bank has adequate liquidity to meet its financial obligations.
• Provide cash management advise for the bank including forecasting, disbursements, investment of excess funds, short-term borrowing and interest rate management.
• Optimize the bank's investment portfolio to maximize returns within the bank's risk appetite.
• Generate a higher volume of quality business from existing and new clients, leading to a higher return on assets and investments.
• Manage the bank's funding requirements, including the issuance of debt and other financial instruments.
• Build and maintain relationships with external stakeholders, including financial institutions, rating agencies, and investment partners, to optimize treasury operations and explore new opportunities.
• Monitor and mitigate financial risks, including interest rate risk, foreign exchange risk, credit risk, and operational risk, through the implementation of appropriate risk management practices and controls.
• Develop and implement policies and procedures related to the treasury function to ensure compliance with regulatory requirements and best practices.
• Lead and develop a high-performing treasury team, providing guidance, coaching, and support to enhance their skills and capabilities.
• Provide strategic financial insights and recommendations to senior management and the board of directors, supporting informed decision-making and driving financial performance.
• Ensure compliance with the Data Protection laws, AML/CFT policies and procedures of the Bank.
• Stay abreast of market trends, industry developments, and regulatory changes impacting treasury operations, and make proactive recommendations to senior management.
• Drive continuous improvement initiatives in treasury operations, leveraging technology and automation tools to enhance efficiency, accuracy, and controls.
• Any other official duty that may be allocated by management from time to time.

The Person:

The ideal candidate must possess the following:

Qualifications:

• Bachelor's degree in finance, economics, or a related field. MBA or advanced degree is preferred.
• Professional certifications such as Certified Public Accountant(CPAK), Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) are a plus.
• Minimum of 10 years of experience in treasury management within the financial institutions, with a focus on strategic treasury functions.

Key Competencies and Attributes:

• Strategic Thinking: Demonstrates the ability to think strategically and develop long-term treasury strategies that align with the overall organizational objectives.
• Decision Making: Makes sound and informed decisions based on comprehensive analysis, considering risk-reward trade-offs and the impact on the organization.
• Excellent understanding of regulatory requirements and compliance in treasury operations.
• ESG Integration: Integrates environmental, social, and governance (ESG) considerations into treasury strategies and investment decisions, promoting sustainability and responsible financial practices.
• Financial Acumen: Possesses a deep understanding of financial concepts, including treasury operations, investment management, hedging strategies, and financial instruments.
• Proven track record of driving financial performance, optimizing treasury operations, and delivering results
• Stakeholder Communication: Communicates treasury strategies, financial insights, and risk management practices to senior management and the board of directors in a clear and concise manner.