Manager, Treasury & Markets (Credit Rating, Process Management & Balance Sheet Analytics) at the African Export Import Bank (Afreximbank)

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African Export Import Bank (Afreximbank) was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade.

The Bank, headquartered in Cairo, the capital of the Arab Republic of Egypt, commenced operations on 30 September, 1994, following the signature of a Headquarters Agreement with the host Government in August, 1994. It has branch offices in Harare, Abuja and Abidjan and will open an East Africa branch office shortly.

CA Global Headhunters has been retained by the Afreximbank based in Cairo, Egypt to recruit for the position below:

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Job Title: Manager, Treasury & Markets (Credit Rating, Process Management & Balance Sheet Analytics)

Reference Number: LEEBLR029
Location: Cairo, Egypt

Responsibilities

  • The nature and scope of the job is to support the Treasurer’s function This role is, basically, an analyst role. The analyst will work in the middle-office function within treasury to own and champion Credit Rating Process, Asset Liability Management analysis, and the post-ante Balance Sheet analytics;
  • The primary responsibilities of the analyst include the preparation of liquidity forecasts for stress testing, the development of liquidity assumptions, ad-hoc analysis related to the liquidity impact of Bank’s initiatives and working with other functions to prepare the credit ratings book;

Credit Rating Process Strategy Management:

  • Develop the annual credit rating process execution strategy for approval by senior management and the Board;
  • Review and operationalise the credit rating framework and processes as per policy guidelines or as required by business evolution;
  • Assist the Group Treasure in providing analysis and advice to senior management on rating matters as they arise;
  • Provide input on credit rating matters incorporated in the Bank-wide Strategic Plan;

Credit Rating Drivers Modelling, Monitoring and Reporting:

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  • Develop, from scratch, and maintain credit rating drivers models that will track key analytical metrics embodied in the credit rating agencies methodologies;
  • Produce quarterly reports for STRIC, RISTRAC and the AUDCO for presentation and their consideration, and as and when requested;
  • Develop and prepare monthly credit rating activities reports;
  • Maintain an ongoing surveillance and rating recommendations;
  • Prepare a comprehensive status report following conclusion of each rating review meeting;
  • Ensure the Bank’s website has all the recently available credit rating reports;

Credit Rating Process Planning and Budgeting:

  • Develop an annual credit rating process workplan for next period annual credit rating reviews;
  • Develop and maintain the credit rating process budgeting model whose outputs shall be included into the treasury function wider budget;
  • Develop an annual budget for the credit rating process exercise for inclusion into the wider treasury function annual budget;

Credit Rating Process Meetings Preparations:

  • Propose the credit rating process work plan for the next period annual review;
  • Coordinate the preparation of the ratings book and summary presentations to rating agencies;
  • Document matters raised by credit rating agencies in meetings required for action;
  • Develop and maintain a robust ratings-based financial analysis model;
  • Develop and maintain the Ratings projection models;
  • Champion the collation of necessary data/information from different functions for the preparation of the rating book;
  • Review ratings reports, research, and publications from rating agencies before publication;
  • Review and validate credit rating information and data received from various functions of the Bank;
  • Resolve data anomalies through analysis and discussion with data champions;

Credit Rating Process Balance Sheet Analytics:

  • Conduct risk identification and assessment as at designated reporting dates through analysis of data;
  • Model, quantify and report the Bank’s balance sheet interest rate risk i.e. interest cashflow analytics of assets and liabilities;
  • Review the balance sheet interest rate profile;
  • Make necessary interest rate risk mitigation proposals for senior managers’ consideration and ensure necessary approved actions are carried out by relevant functions e.g. Treasury;

Credit Rating Relationship Management:

  • Plan and execute all credit rating agencies relationship engagements;
  • Champion and manage all relationships with credit rating advisors;
  • Review and negotiate credit rating agencies and advisors’ contracts and recommend to senior management for consideration;
  • Assist the Group Treasurer with the day-to-day management of communications and engagements with the credit rating agencies and the credit rating advisor;
  • Assist the Group Treasurer in arranging credit rating agency meetings and engagements;
  • Conduct an annual review of the event-trigger credit rating stakeholder communication plan;
  • Assist the Group Treasure and the Senior Manager [International Resource Mobilisation] in coordinating the credit rating process of bond issuances;

Other:

  • Any other duties that may be assigned to the role holder by Senior Management from time to time.

Requirements
Qualification and Skills:

  • A First Degree in a relevant discipline i.e. Accounting, Financial Management, Economics, Numerical or other related disciplines and a postgraduate degree in a relevant field. Recognised professional certification in a relevant field may be acceptable in lieu of a post graduate degree;
  • Recognised Professional Qualification in Treasury [AMCT, CTP (US), ACT’s Cert. in International Treasury Management, ACT’s Cert. in Cash Management, ACT’s Cert. in Risk Management, ACT’s Cert. Financial Mathematics & Modelling etc] or Accounting (ACCA, CIMA, CPA or Equivalent) will be a strong added advantage;
  • Excellent knowledge of accounting for treasury activities i.e. International Financial Reporting Standards (IFRS);
  • A minimum of 8 years of experience working in a treasury function either in a corporate institution, preferably in the financial services industry;
  • Solid grounding in financial systems database methodologies and financial modelling;
  • Solid experience in working with Treasury Management Systems;
  • Operational experience in a financial department with significant systems exposure;
  • Previous experience in a treasury environment and solid understanding of treasury operations;
  • People and project management;
  • Knowledge of treasury, debt capital markets, financial instruments, and structures;
  • Advanced Excel skills and computer literacy (e.g. SQL, Crystal Reports);
  • Excellent verbal and written communication skills in English. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic and Portuguese);
  • Demonstrated leadership capabilities, including ability to organize and manage human resources from varied cultural backgrounds to attain goals.

Contractual Information

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  • Permanent
  • Willing and able to relocate to Cairo
  • Suitably qualified candidates from all African nationalities are encouraged to apply.

Application Closing Date
9th July, 2021.

How to Apply
Interested and qualified candidates should send their CV to “Lise Kotze” via: [email protected] using the Job Title as the subject of the mail.

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