(This is a senior manager position based in Centurion)
Reports to Chief Financial Officer- Postbank
Strategic alignment
- Implement and operationalise the Treasury Policy and Procedures manual in Postbank.
- Update the Treasury Policy as required and drive approval from the Postbank Board.
- Develop funding strategies for Postbank to ensure the Bank meets it liquidity needs, liquidity risk requirements and
Banking/Regulatory requirements.
- Develop capital management strategies for Postbank to ensure the bank meets Regulatory capital requirements and capital is
managed optimally.
- Provide an overview of financial risks the bank is exposed to and provide input to Balance Sheet Management Committee / ALCO
meetings regarding the management of financial risks.
- Maintain relationships with SARB and other Banks within the SA Banking Industry.
Financial
- Consolidate and assist with Postbank’s budgets and cash flow forecasting techniques to ensure accuracy of forecasting.
- Responsible for the efficient and effective operating and management of the profit and loss of Postbank’s Treasury department.
Compliance
- Ensure the effective and efficient management and control of functions/resources in accordance with the stipulations of the Public
Financial Management Act, fraud prevention and risk management principles, legislation, company policies, processes, regulations.
People Management
Key Responsibilities
- Ensure that employees undergo appropriate Treasury, front office, middle office and back-office training and maintain these skills.
- Promote a high performing Treasury function underpinned by leading practice and the effective use of technology.
- Recruit and develop skilled staff appropriately to ensure that the department is sufficiently resourced to fulfil the functions required to
meet the strategic objectives of the department.
- Manage performance of direct reportees ensuring agreement of annual goals, measuring performance against agreed goals and
dealing with non-performance accordingly.
- Talent management of direct reportees, including career development and paths for all staff and succession planning for key
positions.
- Ensure that the working environment contributes to improving staff morale and increasing productivity.
- Align to the bank’s operating ambitions and objectives through departmental processes.
Operations
- Responsible for a fully functioning Treasury front and middle office.
- Responsible for implementing controls in the department to ensure only authorised transactions are executed and that transactions
are recorded completely and accurately according to financial reporting standards.
- Report to the Head of Operational risk regarding the operational risks and controls implemented to mitigate the risks.
- Responsible for adequate liquidity/cash all times to meet all operational requirements including balances held at SARB.
- Responsible for accurate cash flow forecasting
Minimum Requirements
- Relevant Post graduate qualification, Honours, Masters Degree or MBA with commercial background (NQF 8)
- 8 to 10 years post qualification experience in Treasury banking industry
- Experience in market risk, liquidity and balance sheet management including strategies, processes (e.g. capital allocation and limit
setting) and systems essential
- Experience in South African regulatory reporting
Knowledge
Minimum In depth knowledge of industry best practices, Extensive experience of Treasury banking operations and the associated risk management
Requirements, thereof, Practical knowledge of Treasury operations in a banking environment, Practical knowledge of requirements for market risk
Knowledge, Skills, aggregation and consolidation at Group and Business Entity level, Practical knowledge in assessing critical market risk issues arising from
Attributes local activities, including new products, Good understanding of Government related acts (PMFA, Basel, King III, Banks Act etc), Good
Other requirements understanding of Treasury and the policies required to operate a good Treasury environment, Thorough understanding, and ability to
execute SAMOS and SARB daily settlement process and Thorough understanding of the risks involved in settlements
Skills and Attributes
Strong leadership skills with ability to interact and influence at all levels, Good business acumen
Strong analytical, quantitative and qualitative skills, Ability to think strategically, Ability to think creatively and generate new ideas and
solutions, Excellent project management skills, Excellent people management skills, Good interpersonal skills and Good presentation skills
Customer service driven, Resilient, Persuasive and influential, Ability to work under pressure, Good commercial awareness and able to
challenge Senior Management and dealers
The South African Post Office is committed to the achievement and maintenance of diversity and equity in employment, especially
with regard to race, gender and disability.
If you wish to view vacancies, log on to www.postoffice.co.za and Click on Careers or
Email your CV to: Zothile.Mngomezulu@postoffice.co.za
Contacts Closing Date: 23rd September 2016
Position Number: 60057753
Cost Centre: 50800
Correspondence will be limited to short-listed candidates only. If you do not hear from the South African Post Office within 3 months of this
advertisement, please accept that your application has been unsuccessful. The South African Post Office Limited reserves the right not to fill
this position or to re-advertise the positions at any time.