The Position
Reporting to the Head, Business Intelligence, the job holder will be required to oversee and ensure integrity of Treasuries’ business risk controls, P&L monitoring, reconciliation and reporting, positions keeping, reconciliation and reporting, KPI/ KRI reporting, whilst ensuring compliance with accounting standards, prudential requirements and the bank’s policies.
Key Responsibilities
- Responsible for daily open positions reconciliation and ensure that respective Treasuries’ performance is tracked and reported accurately in intra-day trading reports and in the General Ledger.
- Monitor pricing, valuations and validation of treasury products as well as P&L calculations and reconciliations.
- Ensure compliance of Treasury’s trading activities with internal policies, regulatory guidelines and market best practices and action exceptions related to trading losses, breaches of risk limits and other Bank policies and guidelines.
- Develop and maintain daily and monthly Treasury’s financial reporting pack which includes agreed benchmarks, KRIs and RCSAs for distribution to the various treasury performance stakeholders.
- Ensure accuracy and integrity of Treasury’s trading P&L reporting and implement effective controls to prevent accounting inaccuracies and errors.
- Ensures that all transaction life cycle event processes have been undertaken through a combination of control process, reconciliation and exception based reporting.
- Liaise with key stakeholders and senior management to understand their requirements and create functional synergies viz. enhancement in reporting dashboards, identifying control or process gaps and introduce corrective measures, and parameterization of new products in core banking.
- Provide leadership and daily performance supervision of the Treasury Middle Office team as well as setting and continuously reviewing key performance targets for the unit and individual team members.
The Person
For the above position, the successful applicant should have the following:
- Preferably a Bachelor’s Degree in Business related field
- Candidate must be a certified ACCA or CPA (K).
- Post graduate qualifications such as CFA and MBA will be an added advantage.
- At least 6 years’ management experience in a Treasury Middle Office function/ Market Risk / Treasury Back Office and must have:
- Experience in financial reporting and clear understanding of accounting standards.
- A thorough knowledge of Treasury products, and possess an extensive banking industry knowledge.
- A high level of understanding of risks associated with Treasury products and their pricing.
- Knowledge of Financial markets associated best practice and their underlying regulatory framework.
- Strong financial analytical skills
- High level of business and business acumen.
- Excellent, problem solving and analytical skills
- Good interpersonal and communication skills.
The above position is demanding for which the bank will provide a competitive package for the successful candidates. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level e-mail and telephone contacts quoting the job title/reference in the subject field to recruitment@kcb.co.ke
To be considered your application must be received by Jan. 30, 2015.
Only short listed candidates will be contacted.
JOB REF: FIN 04/2014
