DUTIES & RESPONSIBILITIES
BALANCE SHEET & INTEREST RATE RISK MANAGEMENT
• Propose key Balance Sheet limits for Management Approval and monitor compliance
• Review Non-trading Interest rate risk management reports, analysis of findings and recommending courses of action to management at ALCO
• Stress test the Bank’s earnings for key financial risk i.e FX Risk, Interest rate risk, reporting stress test results to management and recommending courses of action.
• Implement Funds Transfer Pricing Model, and recommending new pool rates to management
• Ensure management is updated on new regulations, guidelines or policies in ALM, Liquidity and Interest Rate risk management and the effect on the Bank’s business.
• Stress test the liquidity position of the bank, reporting stress test results to management and recommending courses of action
• Review Liquidity risk management reports for ALCO, analysis of findings and recommending courses of action to management
• Review liquidity and repricing gap reports.
• Provide an overview of the Bank’s Balance Sheet to Treasury, Chief Risk Officer and the Head, Market and Liquidity Risk Management.
• Coordinate the preparation of Balance Sheet in all major currencies daily (Naira, US$ GBP, EUR and FCY)
• Ensure compliance with the Bank’s liquidity metrics as well as internal and regulatory limits.
• Ensure compliance with key Balance sheet ratios: (Funding & Liquidity ratios; Efficiency ratios; capital management ratios on daily basis) for compliance with internal and regulatory limits
• Coordination of the preparation of the Bank’s Internal Liquidity Adequacy Assessment Process (ILAAP) and Recovery and Resolution Plan RRP report to Executive Management, Board and CBN.
• Evaluate liquidity, Foreign Currency and interest rate impacts of new business initiatives
• Responsible for managing the Group’s balance sheet and liquidity risk to within agreed limits.
• Ensure that a robust liquidity position is maintained, and that any surplus liquidity is deployed prudently in line with the Bank’s objectives.
ALCO REPORTS
• Coordinate the ALCO reporting process
• Review ALCO Presentations/Reports
• Present Reports at ALCO meetings in the absence of the HOD
ALCO SECRETARIAT
• Responsible for the smooth running of the ALCO secretariat.
• Ensure timely collation and circulation of ALCO reports and papers and monitor ALCO action points and reporting progress to the committee.
• Ensure accurate documentation and timely circulation of minutes.
• Track deliverables and action points from the ALCO meeting.
BOARD REPORTS
• Prepare quarterly ALM Board reports and ensuring all key Liquidity, Capital Adequacy and Interest rate metrics are reported to the Board and Board Committee.
• Quarterly Stress testing of Trading & Non-Trading books
• Present all ALM and Market Risk reports to the Board Risk Management Committee (BRMC) in the absence of the HOD
EXTERNAL REPORTING
• Ensure the preparation of all Market and Liquidity Risk Management notes and disclosures as part of the Bank, Banking Group and FBN Holdings’ annual published accounts
• Provide all ALM audit schedules to external auditors.
• Respond to CBN as it relates to liquidity and non-trading market risk as well as to rating agencies and other external bodies.
POLICIES AND PRACTICES
• Development of ALM practices, guidelines and policies.
• Coordinating the periodic review of ALM policies and guidelines
• Advise on strategic responses to liquidity risks embedded in non-trading book-prepayment clauses etc.
• Prepare Market & Liquidity Risk Package and ALM & Trading Limits.
• Creating ALM and Market Risk awareness among stakeholders. Training of RICOs and Stakeholders on ALM practices.
• Work closely with FINCON, CRM, Capital Management and Treasury to update or develop liquidity stress methodology
MODEL DEVELOPMENT
• Developing required ALM & Market Risk models using Microsoft Excel VBA.
• Enhancement and optimization of existing ALM models.
• Independent validation of new and existing models used in non-trading market risk, liquidity risk, stress testing etc.
• Review regulatory requirements and industry practice regarding liquidity risk and non-trading market risk models.
PROJECT MANAGEMENT
• Coordinate the implementation and assist with the Enterprise risk management projects of the Bank as it relates to ALM, Liquidity Risk and Non-Trading Interest Rate Risk.
• Management of ALM Software implementation and optimization.
SUBSIDIARY OVERSIGHT
• Review of Non-Trading Market Risk and Liquidity Risk practices, policies, limits, ratios and models of the various subsidiaries.
• Participating in the Bi- Monthly ALCO meetings of all the subsidiaries.
• Review the report on the daily and quarterly balance sheet ratios to check for compliance to the entities’ board approved limits and regulatory thresholds.
• Training and development ALM Risk staff across the subsidiaries.
OTHER DUTIES
• Act as Head, Market and Liquidity Risk Management in the absence of the HOD
• Prepare annual departmental budget and maintaining efficient budgetary control within the department.
• Respond to internal audit queries and exceptions
• Ensure the Training and development of subordinates
• Any other duty that may be assigned by the HOD or other senior officers of the bank.
JOB REQUIREMENTS
Education
Minimum Education: B.Sc. in Finance, Accounting, Economics, Mathematics/Statistics or any other technical discipline. Higher degrees (nice to have).
Experience
Minimum experience: 10 years relevant experience covering Finance and Risk Management
