Head, Funding and Liquidity Management

Reporting to the Group Treasurer, The Head of Funding & Liquidity Management is a strategic role responsible for Group Funding and Liquidity Management across KCB Group Subsidiaries. The role shall be accountable for efficient management of liquidity at Group level, responsible for management of actual and projected liquidity positions, whilst serving as a strategic partner to the Group entities on optimal funding and liquidity management. The role holder shall lead the development, implementation and management of the Group’s liquidity assessment and management frameworks.

Key Responsibilities

• Overseeing implementation of Group Funding and Liquidity Management policy across Group entities, serving as an expert to Group entities on funding and liquidity optimization.
• Develop funding plan models for managing funding positions and liquidity requirements for all KCB subsidiaries aligning subsidiaries’ funding and liquidity strategies to overall Group strategic priorities. 
• Assess and implement solutions to optimize liquidity management, liquidity risk positions and funding plans of all subsidiary banking entities while providing a proactive view of potential funding risks and funding support required across the KCB group.
• Be the primary contact for cross-organizational interactions amongst Group entities on liquidity requirements, whilst leading senior relationships with Group enterprise risk management function on liquidity management. 
• Lead the design and building of operational analytical infrastructure needed to comply with liquidity requirements as per Group policy and regulatory requirements.
• Determine target liquidity appetite (cash balances) for all subsidiaries, ensuring a balance between income generation and liquidity requirements.
• Determine funding strategies and funding targets that should be considered and implemented to enhance Primacy and optimize funding costs.
• Lead FLM engagements with in-country Treasuries advising on strategic planning requirements; determining the foreign currency funding support required by KCB Group entities and preparing updates to the group ALCO and the Board as part of the integrated planning process.
• Develop and implement liquidity stress test frameworks and monitor movements in funding and liquidity risk positions across KCB subsidiaries every month.
• Determine foreign currency requirements from other Group subsidiaries and work with other Treasury functions to solution for these requirements. 
• Overseeing security lending and commercial paper programs across all Subsidiaries, as well as collaborating with in-country treasury teams on overall funding agreement program management.
• Lead the engagement with Group Trading and Sales ensuring funding limits and exposures are effectively implemented and monitored, in support of Business growth and compliance with Board-level liquidity requirements.
• Review funding applications from Subsidiaries and lead all funding negotiations with potential liquidity solution banks.
• Responsible for management of relationships with funding solutions providers as the primary contact for the Group with these entities. 
• Oversee the execution of all FLM related requirements such as contingency planning, regulator requirements and ALCO requirements across all subsidiaries
• Support Entity Treasuries with Internal Liquidity Adequacy Assessment Plan (ILAAP) submissions (where necessary) to regulators and support drafting and governance of Group ILAAP requirements (where necessary). 
• Responsible for setting and implementation of the KCB Group Asset and Liability Management process guidelines to for all the subsidiary Treasuries. 
• Measurement, analysis and interpretation of interest rate risk in the banking book
• Develop and monitor implementation of guidelines for all structural analysis and adjustment of all balance sheet items while ensuring that all behavioral assumptions (including pre-payment assumptions) are in line with KCB Group Treasury guidelines.
• Responsible for Group ALM system development and steer ALM development and training across KCB group. 
• Responsible for group Funds Transfer Pricing model development and steering FTP rollout and training across KCB group.

The Person

For the above position, the successful applicant should have the following:

• A University Degree in Actuarial Science, Accounting, Business Administration, Statistics, Economics, Mathematics or any other relevant field.
• ACI Dealing Certificate
• At least 8 years’ experience in Banking Liquidity Management
• At least 6 years’ experience in Funds Transfer Price Modelling, Balance sheet and funding management, and Stakeholder management.
• At least 5 years' experience in Senior Management Reporting.
• At least 4 years' experience in FLM/ALM, Banking Finance and People Management.

The above position is a demanding role for which the Bank will provide a competitive remuneration package to the successful candidate. If you believe you can clearly demonstrate your abilities to meet the criteria given above, please log in to our Recruitment portal and submit your application with a detailed CV.

To be considered your application must be received by Friday 5^th July 2024

Qualified candidates with disability are encouraged to apply.

Only short-listed candidates will be contacted.