Applications are invited from suitably qualified candidates for the position of
Reporting to the Chief Financial Officer, the Treasurer will be responsible to manage the
corporate treasury functions of the Bank in terms of investment planning, liquidity control and risk management for the purpose of providing advice and support
KEY PERFORMANCE AREAS
STRATEGY PLANNING AND IMPLEMENTATION
- Understand the strategic intent and directives of the Bank and derive treasury objectives for implementation.
- Develop long-term financial plans aligned with the Bank’s strategies; analyze and present scenarios and sensitivities to the executive team.
- Provide pertinent information on pricing and funding based on financial analysis.
- Develop a liquidity management implementation plan and monitor and track progress.
- Develop and implement treasury policies and procedures for the business unit.
- Monitor and evaluate Treasury activities of the department in order to ensure the use of the most effective funding and investment vehicles and opportunities and oversee effective liquidity management.
- Manage the funding function by forecasting and planning balance sheet strategies, primarily focusing on capital, funding and liquidity planning.
- Compile and monitor a 6 month cash flow forecasts to manage short term liquidity.
- Manage the credit rating process and develop relevant roadshow information.
- Determine market sentiments and monitor local and international market performance.
- Raise funds from local and international markets to fund DBN loans to clients and help maintain the Bank’s financial strength and issue bonds in local currency markets both for funding as well as capital market development in Namibia.
- Manage the Bank’s liquid assets by investing globally, managing it against recognized industry benchmarks and maximizing returns while maintaining risks to DBN within acceptable levels.
- Develop an optimal capital structure that maximizes equity returns whilst meeting the requirements of the regulators and markets.
- Monitor and manage the Bank’s capital adequacy in line with the Board-approved Capital Adequacy Framework and within regulatory constraints and monitor and control assets that are held in several distinct portfolios depending upon the initial source of funds.
- Manage and monitor any borrowing covenants in place.
- Provide support for the development of new lending products and services to ensure sufficient funding.
- Manage risk within the treasury function by investigating and recommending appropriate investment vehicles and opportunities and oversee appropriate liquidity management.
- Provide efficient reporting and sharing of information for effective decision making and various activities of the Bank.
- Preparing monthly reconciliations of treasury accounts.
- Daily updating of relevant treasury information in SAP accounting model.
Assist in developing budgets for the business unit together with other managers and the Chief Financial Officer and monitor and control expenditure on a monthly basis.
Provide additional analysis on margin variances.
HUMAN RESOURCE MANAGEMENT
- Ensure that all positions within the unit are filled with suitably skilled and trained staff.
- Ensure that all employees perform optimally, through the application of sound people management practices, including performance management, employee development and appropriate reward.
- Ensure a high level of employee satisfaction.
EDUCATION, EXPERIENCE AND SKILLS
- A Post-graduate qualification or equivalent; preferably CA (financial concentration) or Masters of Business Administration (financial concentration) and with strong Treasury expertise.
- A minimum of 5 years’ Treasury experience.
- Effective communication and consultative skills.
- A clear vision and strategic and innovative thinking skills.
- Interpersonal skills, including collaboration and teamwork.
- The ability to adapt.
- Excellent analytical and decision making skills.
- Sound business acumen.
- A proactive and innovative approach to work and problem solving.
- Sound emotional intelligence and customer orientation.
The DBN offers market related remuneration packages commensurate with experience and qualifications. Applications are invited from Namibian citizens. Interested candidates should forward resumés, which should include three contactable references, in strictest confidence
The Human Resources Practitioner,
Development Bank of Namibia,
12 Daniel Munamava Street, PO Box 235, Windhoek.
The closing date for applications is Friday, 9 December 2016.
Applicants who do not receive any response within three weeks after the closing date must accept that their applications were not considered favourably. The Bank regrets that it cannot return documents.