Asset & Liabilities Management Officer at Ecobank Kenya

Ecobank Transnational Incorporated (ETI) acquired 75% of EABS Bank on the 16th of June 2008, and the bank consequently changed its name to Ecobank Kenya Limited. ETI subsequently increased its shareholding in the bank which is currently at 100% as at 31st December, 2016. Ecobank Kenya (EKE) had an asset base of Kes 47.12billion as at 31st December 2016. A...

 

Asset & Liabilities Management Officer

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience2 years
  • LocationNairobi
  • Job FieldBanking  , Finance / Accounting / Audit 

KEY RESPONSIBILITIES

Business

  • 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, 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.
  • To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements.
  • Analyze daily liquidity position and liquidity gaps in local and foreign currencies
  • Optimize the return on excess liquidity in local and foreign currencies within ratio constraints.
  • Manage the EKE balance sheet and ensure that regulatory and Group ratios are monitored and enforced.
  • Prepare and present the monthly ALCO meeting.
  • Ensure that regulatory and Group reporting is achieved within deadlines.
  • Act as secretary to the ALCO committee.
  • Manage the ALM profile of the balance sheet and associated market risks (FX, interest rate), within approved limits.
  • Provide funding or investment levels to Account Managers on new transactions.
  • Advise on trade operations.
  • Mobilize resources in coordination with other commercial departments.
  • Provide support in the management of Financial Institutions accounts.
  • Identify new counterparties for ALM business (deposit taking and lending banks) and ensure limits are granted within a short timeframe.
  • Ensure ALM process evolves in line with Group standards and International best practices.
  • Manage credit risk in treasury portfolios and ensure it is compliance with limits.
  • Act as back-up of the Treasurer if required to.
  • Propose solutions in order to optimize the NRFF and the FTP, and the ALM process in general.

Financial Management

  • Deliver in EKE ALM budget numbers.
  • To provide direction and migrate best practices, where necessary. 

Compliance to Bank’s and Local Regulations

  • To ensure complete adherence to all of ECOBANK’s compliance and regulatory requirements. 
  • To maintain high standards in terms of compliance and internal process ensuring complete adequacy to Audit requirements. 
  • To ensure the business meets its obligation in terms of client appropriateness and suitability of product supply.
  • To maintain good relationship with regulators. 
  • To keep abreast of the changes in the business and regulatory environment.

Education & Experience

  • 2 years banking experience
  • Strong knowledge of various assets and liabilities on Ecobank balance sheet.
  • Bachelor’s degree in business related field; Finance, Economics or Business Administration. 
  • ACI dealing certification is a must.

Check how your CV aligns with this job

Method of Application

Interested and qualified? Go to Ecobank Kenya on fa-emqf-saasfaprod1.fa.ocs.oraclecloud.com to apply

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