The Governance Framework for the Management of ALM Risk (i.e., Liquidity Risk, Currency Risk, and Banking Book Interest Rate Risk) provides the governance principles aimed at creating a robust process to assess, measure, monitor, and report these risks.
RMB Nigeria’s (“RMBN’s”) Group Treasury is the extension of FirstRand Bank’s Group Treasury and is responsible for the implementation of the Framework in Nigeria. RMBN’s Treasury team is also responsible for the management of the bank’s capital to ensure its adequacy under business-as-usual and stress conditions. Capital management risk is therefore a key component of this role.
Responsibilities
Frameworks, Policies, and Mandates for the Management of Treasury Risks
Establish and maintain frameworks, policies, and committee (i.e., ALCCO) mandates.
Ensure full compliance with Group standards and regulatory requirements associated with funding and capital (LAR, CRR, LCR, NSFR, CAR).
Propose risk limits and ensure portfolio mandates align with risk appetite.
Research and recommend new developments and improvements in risk management processes.
Governance & Compliance
Monitor risks to ensure exposure and utilization align with limits.
Escalate mandate and limit breaches to appropriate forums.
Ensure Basel III implementation across all portfolios.
Coordinate Internal and External Audit engagements.
Risk Analytics and Measurement
Ensure appropriate control frameworks for accurate Treasury risk metrics.
Develop and optimize strategies for risk management.
Forecast key reporting metrics and explain output implications.
Assess metric appropriateness and methodologies.
Lead ICAAP and RRP processes and documentation.
Implement dynamic stress testing aligned with Group and regulatory best practices.
Drive ILAAP quarterly reporting and documentation.
Review stress assumptions and BAU back testing.
Assess regulatory changes' impact on stress testing outcomes.
Advise executive management on dividends and RWA optimization.
Analyze and monitor balance sheet currency risk.
Ensure compliance with regulatory Net Open Position limits.
Reporting & Communication
Coordinate and produce ALCCO pack sections and presentations on Treasury risks.
Submit Key Management Process reports to the Board’s Risk & Compliance Committee.
Handle ad hoc reporting and Treasury risk queries.
Communicate risk analytics outcomes to the Treasurer.
Coordinate periodic ICAAP and ILAAP reports.
Strategic Relationships
Responsible for maintaining relationships with:
Other Risk Type Owners
Finance, Regulatory Reporting, and Compliance
Management Committees (ALCCO, FRM)
Regulator
Group and in-country Research teams
Group ALM Risk and Capital Management
Group Exchange Control
Group peers (to stay updated on risk frameworks and disclosure requirements)
Industry liaison
Experience and Qualifications
5–7 years’ experience in ALM or Risk Management functions.
Degree in accounting, finance, maths, statistics, or a related field with strong quantitative bias.
CFA or FRM certification is an advantage.
Thorough understanding of banking products, financial instruments, ALM management, and Basel regulations.
Knowledge of risk measures (e.g., PV01, VaR, EaR/NII sensitivity).
Experience with governance and control frameworks.
Ability to analyze complex concepts and communicate them simply.
General Competencies
Strong analytical skills
Strategic thinking
Excellent communication skills (verbal, written, presentations)