DexNova is a Professional Services firm operating in the knowledge industry and dedicated to building excellent delivery capability in organisations across Africa through Professional Training and Certifications. We are Certified Education Provider…Job Summary:
The Treasury Manager is responsible for managing the financial and monetary operations of the Bank ensuring optimal cash flow, liquidity, funding, and relationships with financial institutions.
The Treasury Manager will play a critical role in developing and implementing strategies to maximize the Bank’s financial performance and safeguard its assets. This position requires a deep understanding of financial markets, investment strategies, risk assessment, as well as strong leadership and analytical skills. The ideal candidate will have a proven track record in treasury management in financial institutions, excellent communication abilities, and a proactive approach to problem-solving.
Job Responsibilities:
Develop and maintain healthy and productive relationships with banks, financial institutions and other funding sources to secure the most favorable terms for the business.
Manage cash flow, forecast financial needs, optimize investment opportunities, and mitigate financial risks.
Review funding needs, provide monthly reports of all treasury activities and treasury reporting dashboard, appropriate for various stakeholders and to the management team.
Drive the day-to-day treasury operations while overseeing a long-term financial strategy.
Reduce cost of lending and optimize return on cash balances
Forecast both short and long term liquidity needs and determine optimal funding mix
Monitor money market developments relating to rates and fund placement opportunity.
Review of account maintenance charges to ensure compliance with agreed turnover covenants and regimes.
Drive compliance with Bank’s financial policy.
Resolve all items of conflict and disagreement with respect to funding.
Recommend to the Chief Finance Officer new funding opportunities in both the money and capital market including bond and share issuance for long term capital.
Conduct periodical market survey and intelligence for funding strategies of competition.
Meet all FX demands as and when due (including all FX payments).
Monitor of investments in discount instruments of treasury bills, bonds and other equity to ensure the Bank gets value.
Ensure investment files are properly updated both in the core banking application and other correspondence with clients as need arises.
Create an appropriate framework to ensure that all income earned by the bank is captured as and at when due.
Bid and secure a competitive rate on treasury bills for the bank and meet the required statutory minimum.
Manage and maintain existing customer relationships and develop new customer relationships.
To manage excess operating cash to obtain optimum interest revenue.
Manage treasury operations and controls (cash pooling/sweeping, forex, hedging etc).
Oversee forecast cash flow positions, related borrowing needs and funds available for investment.
Perform other duties as assigned by Chief Finance Officer.
Job Qualification & Requirements:
A minimum of 10 years post qualification experience, 8yrs of which must have been spent in the financial services sector with minimum 3yrs in at least middle management position.
Minimum education qualification of a BSc or HND in Social Sciences or related areas with numerate coursework.
An MSc, MBA or relevant certification (e.g CFA) is an added advantage.
Strong knowledge of the Nigerian Debt Capital Markets
Proven experience in treasury management or a similar role.
Strong industry knowledge/good understanding of target markets and HNI network
Strong understanding of financial markets and investment strategies.
Excellent analytical and presentation skills
Excellent written and oral communication skills; comfortable presenting to executive teams.
Strong people and project management skills; able to coach, motivate and develop a team.
Knowledge and understanding of the Banks' products,
Good relationship management, negotiation, business to business sales marketing and analytical/ problem solving skills.
Knowledge and understanding of the local and global financial markets.
Strong sense of responsibility, accountability, integrity and ethical standards
Treasury management experience.
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