Head of Funds Transfer Pricing

About the role

Absa Bank is hiring a Head of Funds Transfer Pricing (FTP) in Nairobi, a full-time management position. The role owns the Bank's FTP framework, ensuring accurate allocation of funding, liquidity and interest rate risk costs across business units, and acts as the Bank's subject matter expert advising Treasury, Finance, Business, ALCO and senior management.

Key responsibilities

• Own and maintain the FTP framework in line with the ARO Funds Transfer Pricing Standard, internal governance and regulatory expectations, and oversee governance, approvals and oversight of methodology, curve and parameter changes.
• Develop, review and enhance FTP methodologies, policies, assumptions, controls and supporting documentation.
• Develop, maintain and communicate local currency and foreign currency FTP curves, incorporating funding costs, liquidity premiums and interest rate risk costs, and oversee timely implementation of curve updates and pricing changes.
• Ensure accurate, timely monthly FTP pricing and distribution of results, with data integrity, reconciliations, validations and controls.
• Produce management information on FTP movements, profitability impacts and key balance sheet drivers.
• Engage with Business, Finance, Treasury and ARO Treasury Centre, explain FTP methodologies and their financial impact, and support business units in understanding funding and liquidity costs.
• Use FTP to influence asset and liability behaviour, support balance sheet optimisation and provide pricing signals for sustainable growth.
• Support ALCO and senior management with FTP analysis, recommendations and decision support, including explanations of rate movements and profitability changes.
• Lead continuous improvement of FTP methodologies, assumptions and cost-allocation techniques, drive automation and process efficiency, and monitor industry practice and regulatory developments.

Required profile

• Bachelor's degree in finance, accounting, economics, mathematics, statistics or a related discipline.
• Professional qualification such as CFA, ACCA, CPA, FRM, ACT or equivalent; postgraduate qualifications in Finance, Risk, Economics or Business Administration are advantageous.
• At least seven years of banking experience in treasury, balance sheet management, capital management, funding and liquidity, ALM, FTP, Treasury Finance or financial risk management.
• Experience preparing submissions for senior management, ALCO, the Board or regulators, and in financial modelling, forecasting and management information.
• People-management or team-leadership experience is preferred.

Required skills

• Strong knowledge of banking, financial markets, balance sheet management, prudential requirements, governance and control standards.
• Advanced analytical, stakeholder-management and executive-communication skills.

The application is handled through the recruiting partner Corporate Staffing Services.