Head of ALM

What we do

At Moniepoint, we are a customer-focused community, dedicated to crafting solutions that redefine our industry. We have several products that provide essential services for businesses such as credit, overdrafts etc. We leverage artificial intelligence and data to make our decisions but also have the technology and data-driven best practices used to support our businesses.

About the role

At Moniepoint, we are a customer-focused community, dedicated to crafting solutions that redefine our industry. We have several products that provide essential services for businesses such as credit, overdrafts etc. We leverage artificial intelligence and data to make our decisions but also have the technology and data-driven best practices used to support our businesses.

About the role

The Head of Asset and Liability Management (ALM) leads the bank’s asset and liability management function to optimize the balance sheet, manage liquidity, and mitigate risks associated with interest rate, foreign exchange, and capital adequacy. This strategic role requires close collaboration with key stakeholders to align the bank’s financial strategy with overall business objectives, ensuring prudent financial management and regulatory compliance.

What you’ll get to do
Key Responsibilities

1. Balance Sheet Management:
  - Develop and execute strategies for effectively managing the bank’s balance sheet, maximizing returns while minimizing risks.
  - Oversee interest rate risk and liquidity management, ensuring alignment with financial goals and regulatory requirements.
  - Lead strategic planning for capital, funding, and liquidity needs, assessing market trends and the bank’s risk profile.

2. Liquidity and Funding:
  - Monitor and manage the bank's liquidity position, ensuring adequate funding for operations and regulatory compliance.
  - Establish and maintain relationships with funding sources, including wholesale and retail funding, capital markets, and external financial institutions.
  - Develop contingency funding plans and stress-testing scenarios to prepare for adverse market conditions.

   - Responsible for deposit pricing and where necessary guide the pricing decisions of the bank.

3. Interest Rate Risk Management:
  - Analyze and model interest rate risk exposures, including the impacts of changing interest rate environments.
  - Implement appropriate hedging strategies to manage risk in alignment with the bank's risk appetite.
  - Provide regular reporting and recommendations to senior management on interest rate risk and related impacts on the balance sheet.

4. Regulatory Compliance and Reporting:
  - Ensure compliance with all relevant regulatory requirements related to ALM, including Basel III, liquidity coverage ratios (LCR), net stable funding ratios (NSFR), and ILAAP.
  - Collaborate with regulatory bodies, auditors, and internal teams to meet all reporting obligations and maintain an up-to-date understanding of regulatory changes.
  - Provide periodic reports (ALCO pack, stress-test analysis, maturity profiling etc.) and analysis to executive management and the board on ALM performance and compliance.

   - Act as the ALCO secretary.

5. ALM Strategy and Policy Development:
  - Lead the development of ALM policies, guidelines, and frameworks to support sound financial and risk management practices.
  - Establish key performance indicators (KPIs) and metrics to measure ALM performance and alignment with the bank’s strategic objectives.
  - Educate and mentor team members on ALM principles and practices, fostering a culture of excellence and continuous improvement.

    - Develop the Funds Transfer Policy and ensure it is applied accurately in order to drive the right behaviour.

6. Stakeholder Collaboration:
  - Act as a strategic advisor to senior management and other departments, including Treasury, Finance, and Risk, providing insights on ALM-related matters.
  - Support product and business line heads in understanding ALM impacts and embedding ALM principles into business decisions.
  - Engage with external stakeholders, including rating agencies, investors, and regulatory bodies, to support the bank’s financial strategy and objectives.

To succeed in this role, we think you should have

- A bachelor’s degree in finance, economics, business, or a related field; an advanced degree (e.g., MBA, CFA, or FRM) is preferred.
- 7+ years of experience in banking or financial services, with a strong background in asset and liability management, treasury, or risk management.
- In-depth knowledge of ALM practices, regulatory requirements (Basel III, LCR, NSFR), and financial risk management.
- Strong quantitative and analytical skills, including experience with ALM modeling and stress testing.
- Proven track record of managing liquidity, interest rate risk, and balance sheet optimization.
- Excellent communication and leadership skills, with the ability to influence and collaborate across functions.

What we can offer you

• Culture -We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation - You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.