Head, Treasury Middle Office – Dar es salaam

Head, Treasury Middle Office – Dar es salaam

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With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary:  Head, Treasury Middle Office – Dar es salaam

Reporting to the Chief Financial Officer, this role is responsible for:
• Ensuring that a sufficiently robust risk control framework around the business activity in Treasury exists so as to ensure that market and other risks undertaken by Treasury is being adequately identified, managed, controlled, monitored and reported
• Reporting on risk and results, as well as to provide a source of information for Treasury, finance department and general management, with regard to positions, results, instruments, products, activities, systems and procedures
• Championing and managing change introduced as a result of change in regulatory, market or business requirements.

Job Description : Head, Treasury Middle Office – Dar es salaam

  • Implement a fit-for purpose Middle-Office risk control framework in line with Group Policy
  • Ensure critical controls relating to product control and market risk management is being observed and raise appropriate  awareness in Treasury Front and Back-Office
  • Review reconciliations undertaken by Middle-Office staff and recommend appropriate action to resolve out standings
  • Review all risk reports prior to submission to internal/external recipients
  • Actively discuss business issues with country Treasurer to promote/ensure compliance to policy and  procedure
  • Improve risk management control and compliance culture in the Treasury Front and Back-Office
  • Assist in the reduction of operational risk in the Treasury Front and Back-Office
  • Manage any change initiatives that impact the Middle-Office function

Product Control responsibilities


  • Be familiar with procedures for the whole Treasury product cycle from deal initiation to settlement
  • Ensure the following:
  • Treasury positions are revalued (i.e. mark-to-market) correctly
  • Accurate production of daily results
  • Prices used for revaluations of Treasury positions are derived from independent sources
  • Results are checked against monthly figures and that differences are investigated and reported promptly
  • Assist in the introduction of new products
  • Ensure that all new products are appropriately authorized and assigned to a trader and that all relevant support areas are informed of the new product
  • Prepare commentary on results, positions and days’ activity
  • Positions and results are agreed between Front and Back-Office systems (and dealers own spreadsheets, blotters etc) and are signed off at the appropriate level

Risk management responsibilities


Market Risk Management:

More Information

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