Senior ALM Officer Jobs – Ecobank Uganda Limited

Job Title:  Senior ALM Officer

Organisation: Ecobank Uganda Limited

Duty Station:  Kampala, Uganda

 

About US:

Ecobank Uganda Limited is the leading commercial bank offering wholesale, retail, transaction banking services and products to individuals, governments, financial institutions, multinationals, international organizations, medium and small enterprises.

 

Key Duties and Responsibilities:

Contribute to the overall management of the bank’s assets and liabilities in both local currency and foreign currency

• Ensure that adequate liquid assets are maintained at all times to meet Central Bank reserve requirements; and the bank’s funding needs.
• Ensure there is a liquidity contingency plan in place and approved by ALCO.  This plan is to be activated during times when the bank is faced with liquidity challenges
• To monitor bank’s placement and borrowing limits and ensure all trades are within sanctioned limits.
• Contribute to building ECOBANK’s reputation in the international and local markets through personally demonstrating a high level of professionalism at all times, and through developing mutually beneficial working relationships in relation with agents, advisors, counterparties.
• Network with internal customers, external market participants and other ECOBANK dealing centres in order to solicit customer’s feedback, gain market intelligence and enhance Bank’s profile in the market.
• Liaise with Operations, IT and other support services in a bid to maintain the provision of high quality services.
• To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements.

Central Bank Account

• Prepare money market blotter for sign off by Treasurer and MD by 1.00pm daily
• Liaise with retail banking and FINCON to determine inflows and outflows into and from central bank account.      Approvals for inflows and outflows on BRB account should be sought from Treasurer
• Monitor daily cash balances at Head Office and branches and work with treasurer and head of retail to make recommendations for deposits into and withdrawals from the central bank account
• Make recommendations for investment of excess liquidity or funding of liquidity gap to ensure that reserve requirements are met
• Ensure that the central bank account is reconciled daily against the money market blotter.  Any discrepancies should be noted and explained in a note to the treasurer

Liability Management – Deposits

• Liaise with Treasurer to determine deposit interest rates periodically
• Maintain a schedule of all deposit liabilities and call clients two days before the maturity to confirm disposal instructions
• Work with treasurer to ensure that each deposit is properly matched with an asset, and any liquidity gaps adequately managed
• Prepare a very practical liquidity contingency plan for approval by ALCO.
• Ensure there is a rolling 14-day cashflow plan capable of assisting in anticipating and managing the day-to-day cashflow needs of the bank.

Asset Management – Tbill Investments And Placements

• Maintain a schedule of the bank’s short and long term treasury bill investments, monitor their maturity and work with the treasury 2 days before each maturity date on rollover instructions
• Liaise with the treasurer on investments in government securities and ensure that auction documents are completed and submitted to the central bank on time
• Liaise with the trading desk in implementing investment decisions to make use of excess funds.

Correspondent Banking

• Monitor correspondent account balances daily to ensure proper utilisation of funds and track daily liquidity position of the bank.
• Track upcoming maturing commitments to help forecast the liquidity needs of the bank.
• Work with the Treasurer to ensure there are adequate interbank lines for the bank’s trading activities

FX Position Management

• Liaise with treasurer to fix daily FX rates
• Maintain daily FX blotter.  This should be signed off by the treasurer and MD by the close of each day
• Liaise with treasurer and marketing units on daily purchases and sales of FX to ensure that such activities do not adversely affect the bank’s liquidity position
• Liaise with treasurer to participate in weekly FX auctions at the central bank
• Cross check the calculation of the daily “Feuille de Liquidites” and “Position de Change Net” prepared by Treasury Operations

ALCO

• Assist Treasurer in the organization of monthly ALCO meetings and the preparation of ALCO reports such as
  • Assets Profile and Mix
  • Deposits Profile and Mix
  • Large Fund Providers
  • Internal Ratio Analysis
  • Cost of funds
  • +Non Earning Assets
• Take minutes at ALCO meetings and ensure that these are circulated to members 3 days after the meeting has been held
• Assist treasurer to monitor implementation of ALCO decisions and report on status at the next ALCO meeting

Treasury Research

• Develop a research base of market trends that affect treasury decision making e.g inflation rates, interest rates, FX rates, treasury bill rates for both Ecobank and the competition

Qualifications, Skills and Experience:

The applicant should have relevant qualifications

 

How to Apply:

All suitably qualified and interested candidates are encouraged to apply online at the link below.

 

Click Here

 

Deadline: 11^th January 2024