EABD Treasury Officer

Job Title: Treasury Officer
(1 position)

Tenable in Uganda- Tenure up to 3 years

Reporting to Treasurer

Job purpose

To implement the resource mobilization initiatives of the Bank, proactively monitor and manage the Bank’s liquidity portfolio.

Key Responsibilities

• Gather information and prepare multi currency market report and propose an appropriate currency and interest rates for the Bank;
• Determine and advise management on the Bank’s daily cash and liquidity position;
• Prepare and update exchange rates and interest rates into the operating system;
• Provide input into the monthly, quarterly and annual Treasury business plan;
• Deal in interbank foreign exchange market, money markets and investment in Government securities as per internal guidelines;
• Process and release all deal tickets relating to FX and MM transactions to the Back office;
• Prepare daily, weekly and monthly trade reports;
• Initiate strategies to raise funds from international and domestic capital markets;
• Prepare investment and capital replenishment proposals in respect to EADB’s capital increase and replenishments of its concessional loan window, the Social Development Fund.
• Manage cash and investments to maximize income and minimize costs in line with Bank Treasury policy;
• Monitor short-term funding requirements for bridge-financing and market presence purposes;
• Initiate and develop new financial products to grow treasury income. This involves ensuring that working capital and cash resources are managed in a manner to optimize the returns whilst ensuring that funding is available to meet the operating and business requirements of the bank.
• Manage EADB’s investment portfolio and ensure that its liquidity requirements are met at all times;
• Propose ways of optimising cash usage in the Bank;
• Design daily, weekly and monthly cash flow projection of the Bank;
• Analyze and manage the currency and interest rate risks of the Bank;
• Structure derivative products for risk management;
• Currency exposure management - proactively manage FX positions through daily monitoring of the Bank’s FX exposures to minimize the impact on the trading result and balance sheet of the bank from currency rate fluctuations;
• Execute swap transactions to hedge EADB’s currency and interest exposure;
• Manage and hedge the risks arising from foreign currency flows and transactions;
• Ascertain that the bank is receiving accurate foreign exchange rates for its currencies;
• Analyze Bank fees and adopt controls to minimize cash losses through Bank charges;
• Cultivate and maintain working relationships with banks and counterparties to ensure proactive and comprehensive coverage across various markets and products;
• Review and recommend best practices for the management of the Bank’s policies on liquidity, develop strategies for income management, currency management practices and loan pricing;
• Prepare daily and weekly management reports on liquidity and rate outlook
• Inform and provide recommendations to the Treasurer of significant developments, emerging opportunities and challenges in areas of responsibility; and
• Carryout any other duties assigned by management.

Minimum qualifications and experience

• A good Finance, Accounting, Engineering or other numerate degree from a recognised University;
• Professional qualifications such as CPA, ACCA or CFA;
• Relevant Post graduate qualification such as an MBA or Masters in Finance;
• Must have a ACI dealers certificate;
• Minimum of 5 years similar or relevant experience in a large commercial bank, with at least 3 in treasury trading environment;
• Experience in interbank trading;
• Deep knowledge of treasury products, services and strategies of the back office operations;
• Ability to work in a dealing room environment with trading ability;
• Working knowledge of and ability to assist the treasurer in the identification and implementation of arbitrage opportunities;
• Ability to take initiative and act decisively;
• Attention to detail;
• High level of integrity;
• Ability to formulate business strategies;
• Good verbal and written communication skills; and
• Clean track record with evidence of delivering results.

If your career aspirations match this challenging and exciting role, please email your application quoting the relevant job title by 28 May 2011 to Executive Selection Division, KPMG Uganda at the following email address: EADBRecruit@kpmg.org.

Please attach your comprehensive Curriculum Vitae including an e-mail address, daytime telephone contact, qualifications, experience, present position, names and addresses of three referees.

All applications should be sent online by email. Applicants for all positions must be nationals of the EADB Member States except where expressly indicated.

Candidates who applied for the re-advertised positions should not apply for the same positions.

Only short listed applicants will be contacted.

The EADB reserves the right to appoint a candidate at a lower level.

Successful candidates should be ready to assume duty before 1 August 2011.