Senior Portfolio Manager - Treasury Investment Function

Absa Group; Gauteng; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading bank in South Africa is looking for an investment professional to assist in developing best practice strategies for portfolio construction and risk management. The role involves managing the Bank's HQLA Portfolio, engaging with stakeholders, and applying strong analytical skills. Candidates should have a bachelor's degree in a relevant field and over 5 years of experience in fixed-income trading or portfolio management. This opportunity promotes workforce diversity and is committed to equal employment.

Qualifications

• Over 5 years in fixed-income trading, structuring, or portfolio management.
• Treasury experience preferred.
• Strong analytical skills and proficiency in Excel.

Responsibilities

• Assist in developing investment strategies and managing the HQLA Portfolio.
• Handle daily operational activities like deal capturing and market analysis.
• Engage with stakeholders to influence group strategy.

Skills

Analytical skills

Teamwork

Creative thinking

Attention to detail

Education

Bachelor's degree in Business, Economics, Finance, or Quantitative field

Financial Sciences (Postgraduate)

Tools

Excel

Job description

Empowering Africa's tomorrow, together… one story at a time.

With over years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Assist in developing and implementing best practice investment strategies with respect to asset allocation and portfolio construction for the Bank's HQLA Portfolio.

Assist in managing the Bank's Structural Hedging Programme and other interest rate risk mitigation efforts.

Identify investment opportunities, collaborate with the team to advise and influence the Group's balance sheet shaping.

Mitigate foreign exchange and accounting risks of all Banking book non-traded market risk.

Present financial market research and outlooks using local and global counterparties to influence group strategy and resource deployment.

Prepare and report performance of all portfolios under the Investment Function Team's management.

Accountabilities

1. Handle daily operational activities including deal capturing, client interactions, trade queries, and price quoting.
2. Build quantitative financial models to forecast and optimize portfolio returns for decision-making.
3. Conduct real-time analysis of market rates and execute financial instruments promptly (Bonds, Derivatives, Money Market, Collateral, FX).
4. Track global economic developments and their impact on markets.
5. Provide daily market updates to stakeholders.
6. Create macro dashboards to support decision-making related to the Structural Hedge Portfolio and HQLA portfolio.
7. Anticipate market developments and identify trade opportunities with risk-adjusted superior returns.
8. Assist in managing the bank's HQLA investment portfolio, including decision-making, risk monitoring, and reporting.
9. Manage the bank's Structural Hedge Programme, including scenario analysis, execution strategy, and forecasting portfolio evolution.
10. Hedge Group subsidiary FX flows.
11. Execute financial instruments precisely and timely with internal and external counterparties.
12. Maintain daily interactions with Absa GM Trading desks.
13. Understand sensitivities related to the Bank's Intraday Liquidity, Wholesale Funding Targets, Economic Funding Model, and regulatory ratios.
14. Drive core values of innovation, motivation, and teamwork.
15. Maintain good communication skills.

Stakeholder Engagement

Engage with and maintain good relationships with regulators, international banks, trading desks, research analysts, and Group Treasury partners. Contribute positively to corporate citizenship.

Regulatory Compliance

Adhere to all compliance requirements, regulatory frameworks, and policies. Optimize positioning to meet requirements while enhancing returns.

Revenue and Risk Management

Use derivatives and FX products to hedge investments and manage risks within set parameters. Monitor market opportunities and execute promptly within risk limits.

Education and Experience

Bachelor's degree in Business, Economics, Finance, or a Quantitative field. Over 5 years in fixed-income trading, structuring, portfolio management, or similar Front Office roles. Treasury experience is a plus.

Knowledge & Skills

• Strong analytical skills and technical concentration.
• Ability to work well in teams.
• Creative thinking and operational application.
• Professional work ethic and positive attitude.
• Proficiency in Excel and attention to detail.

Competencies

• Deciding and initiating action.
• Learning and research skills.
• Entrepreneurial and commercial thinking.
• Relating and networking.
• Adapting to change.
• Persuading and influencing.
• Creating and innovating.

Postgraduate Qualifications

Financial Sciences (Required)

Absa Bank Limited is an equal opportunity employer. Preference will be given to candidates from designated groups to promote workforce diversity. The bank reserves the right not to fill the position.