Manager Treasury Job Opportunity – Uganda Development Bank (UDB)

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Organisation: Uganda Development Bank (UDB)
Duty Station: Kampala, Uganda
Reports to: Director, Finance and Business Operations
Uganda Development Bank Ltd (UDBL) is the country’s only Development Finance Institution (DFI) established in 1972. The Bank has recently re-positioned itself as a partner to the Government of Uganda in delivering the theme of its National Development Plan.
Job Summary: The Manager Treasury will ensure prudent asset and liability management with the view of ensuring that the Bank has adequate resources to finance its ongoing operations and investments.
Key Duties and Responsibilities:
  • Raise funds in international and domestic capital and financial markets
  • Ensure prudent capital planning and management.
  • Ensure that the bank holds an investment portfolio that is adequate for it to meet its liquidity requirements whilst maximising shareholder value.
  • Manage UDBL’s investment portfolio and ensure that UDBL’s liquidity requirements are met at all times.
  • Review currency, liquidity and interest rate risks on UDBL’s balance sheet.
  • Identify ways of proactively managing the currency, liquidity and interest rate risks faced by the Bank
  • Recommend and implement hedging solutions to mitigate market risks
  • Manage relationship with the Bank’s funders
  • Develop relationships with prospective funders
  • Monitor and review administration of borrowings and funds receipts.
  • Prepare investment and capital replenishment proposals with respect to UDBL’s funding requirements.
  • Prepare regular reports on the bank’s liquidity and cash flow position and capital planning and management.
  • Keenly monitor and review the bank’s product pricing
  • Devise and propose avenues to minimize and optimize the Bank’s cost of funding
  • Ensure effective and smooth treasury operations.
  • Provide timely information and reports for ALCO business of the Bank
  • Shall be a member of Management ALCO
  • Guide the management on issues relating to asset and liability management
  • Authorize allocation and transfer of funds, and related pricing
  • Initiate and/or Manage relationships with Funders, Prospective funders and UDB’s Bankers

Qualifications, Skills and Experience: 
  • The applicant must hold a Degree in Finance, Accounting, or other numerate degree from a recognized University
  • Relevant Post graduate qualification such as an MBA or
  • Masters in Finance is an added advantage
  • Professional qualifications such as CPA, ACCA or CFA is an added advantage
  • Must have a ACI dealers certificate
  • At least five years’ experience in a large commercial or development bank, with at least 3 in treasury/funding environment;
  • Experience in raising funds from local and international markets
  • Experience in creating/running risk and portfolio management models
  • Previous experience in interbank trading
  • Extensive knowledge of treasury and debt products, services andvstrategies of the back office operations;
  • High proposal writing skills
  • Sound knowledge of Market risk methodologies & tools
  • Familiarization with Front-office, dealing strategies/activities
  • Basic understanding of DVAR (Daily Value at Risk) and/or any other market risk measurement methodology employed,
  • Basic understanding of the principles of prudent liquidity management and reporting
  • Basic understanding of procedures for the whole product cycle from deal initiation settlement.
  • Ability to take initiative and act decisively;
  • Keen attention to detail;
  • High level of integrity;
  • Ability to formulate business strategies;
  • Clean track record with evidence of delivering results,
  • Computer knowledge
  • Excellent communication skills
All applicants are strongly encouraged to hand deliver their applications which should include an up-to-date curriculum vitae, photocopies of academic documents and contact addresses of three professional references to: The Director, Human Resources & Administration, 1st Floor Wing B, Rwenzori Towers, Plot 6 Nakasero Road, P.O. Box 7210, Kampala. Uganda.
Deadline: 23rd February 2018

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