The Country Head of Asset & Liability Management (ALM) at Equity Bank Kenya is responsible for executing the ALM strategy to ensure an efficient and well-coordinated approach to managing liquidity risk and interest rate risk in the balance sheet. The role involves contributing to the optimization of the balance sheet by ensuring adherence to internal policies, regulatory requirements, and international best practices. The job holder provides support to the Country Treasurer in managing the overall balance sheet structure, investment portfolios, funding, and interest rate risk to drive capital-efficient returns.
Responsibilities
Treasury Strategy & Balance Sheet Management
- Oversee and enhance treasury liquidity processes to monitor and manage liquidity positions, including Cash Reserve Requirement (CRR) and gap analysis.
- Collaborate with the Country Asset and Liability Committee (ALCO) to mitigate impacts from interest rate and liquidity risks (IRRBB).
- Implement proactive strategies and contingency plans for market and regulatory challenges.
- Formulate strategies to optimize the bank's liquidity and funding position, ensuring diversification of the funding base.
- Partner with the CFO and Country Treasury to execute ALM policies and guidelines.
Risk Management & Compliance
- Monitor and escalate liquidity and IRRBB risks, ensuring strict adherence to approved limits.
- Conduct in-depth evaluations of risk appetite versus risk exposure.
- Ensure compliance with the Enterprise Risk Management Framework (ERMF) and Group AML policies.
- Provide leadership and oversight for risk management practices across subsidiaries.
Operational Processes
- Conduct research on market dynamics and international ALM best practices to guide ALCO.
- Ensure the integrity and reliability of data related to liquidity, Funds Transfer Pricing (FTP), capital, and IRRBB.
- Maximize returns on excess liquidity and investment securities while minimizing funding costs.
- Collaborate with Market Risk, Finance, and Credit units to ensure ICAAP and ILAAP frameworks are fit for purpose.
- Manage ALM budgets and provide oversight for Central Bank auction participation and FX risk management.
Talent Management
- Build a strong talent pipeline and mentor sales and treasury teams.
- Foster a high-performance culture focused on accountability and innovation.
- Drive succession planning and promote diversity, equity, and inclusion.
Qualifications and Experience
- Education: Post-graduate degree in Business, Finance, Economics, Statistics, or a related field. A Master’s degree is beneficial but not mandatory.
- Experience: 10+ years of experience in Treasury or Finance, with at least 5 years in a senior leadership role.
- Certifications: Professional certification such as CFA, FRM, or CA is strongly preferred. ACI Dealing Certificate is a mandatory requirement.
- Technical Skills: Deep expertise in liquidity management, funding structures, hedging strategies, and Basel III regulatory requirements. Proven experience with Treasury Management Systems (TMS).
- Competencies: Strong financial modeling skills, strategic thinking, and the ability to manage complexity and ambiguity.
How to Apply
Interested and qualified candidates are invited to apply via the Equity Bank career portal on Taleo. Please follow the link provided below to access the application page.
Apply for Country Head ALM - Equity Bank
