Analyst - Treasury & Markets Operations & Back Office

About Afreximbank African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade.

For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

Job Purpose

The role is to help the Bank to achieve its mission “stimulating a consistent expansion of and diversification of African trade so as to rapidly increase Africa’s share of global trade, while operating as a first class, profit oriented, socially responsible financial institution and a Centre of excellence in African trade matters”. Reporting to the Director (Treasury and Markets), the candidate is responsible for providing support to the unit to ensure that treasury responsibilities are delivered in an effective and efficient manner. The successful candidate shall work as part of the wider treasury team and contribute to the delivery of the treasury function balance scorecard.

Key Responsibilities

• Transaction Planning, Processing and Settlement
• Carry out settlement action for Securities obligation in the Treasury system. This involves confirming all deals with counterparty payment notices before paying any amounts, following up on rate sets with lenders and review rate sets for any deals that need repricing in the system.
• Ensure that all treasury investments (Money market placements and others) settlement amounts are paid (upon investment value date) and received (upon maturity date).
• SWIFT confirmations for all deals done in Treasury as soon as the deal is completed (Borrowings, Investments and Derivatives).
• Liaise with Treasury Front Office to ensure that appropriate action is taken on placements in line with liquidity objectives i.e. Liquidation/Roll-overs);
• Maintain the treasury fool-proof diary for all due obligations. This involves downloading the daily settlement diary from the system and reconciling all deals in the system with original counterparties’ deal confirmations and other relevant source documents.
• Ensure that processes and procedures for all treasury transactions processing flows are up to date.

• Treasury Sub-Ledger Management
• Responsible for the month-end sub-ledger closing activities.;
• Ensure that the Fees for all facilities are paid on time.
• Ensure that the reconciliation between TMS and Core Banking system is matched

• Treasury Bank Accounts Management
• Monitor treasury-related payment processing i.e. funding between banks between Nostros
• Manage Liquidity between nostro accounts for Afreximbank by providing advice to internal stakeholders on the appropriate Bank for payment processing.
• Provide operational support to Afreximbank’ s subsidiaries, including PAPSS settlement.

• Treasury Investigations and Reporting
• Manage the treasury transaction queries and investigations.
• Review of daily messages received from counterparties for treasury relevance and directing to specific members of the team for action.

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

Minimum Qualifications

• 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.
• Excellent verbal and written communication skills in English. Knowledge of the Bank's other working languages is an added advantage (French, Arabic and Portuguese); and
• Demonstrate organisational and planning skills.

Years & Nature of Experience

• A minimum of 2 years of experience working in a treasury settlement function either in a corporate institution, but preferably in the financial services industry.
• Previous experience in a treasury environment and good understanding of treasury operations.
• An experience in working with Treasury Management Systems
• Operational experience in a financial department with minimal systems understanding.

Compliance Responsibilities

• Understand and adhere to the Bank's AML, Regulatory and Conduct Compliance policies and procedures, notably.
• Staff Handbook (has code of conduct provisions)
• Anti-Money Laundering (AML), Counter Financing of Terrorism and Counter Proliferation Financing
• Conflicts of Interest and Policies on Staff Involvement in External Engagements/Activities
• Anti-Bribery & Corruption
• Insider Trading Guidelines

Technical Competencies

• Proficiency
• Professionally trained with experience, skilled in treasury operations or general banking operations
• Leadership Skills
• The ability to communicate effectively and collaborate with others manage internal and external stakeholders.
• Ability to articulate their vision and expectations clearly to their team
• Interpersonal Skills
• Build and maintains effective working relationships with peers, related teams, and external counterparts to support project outcomes.
• Problem Solving & Business Impact
• Solves routine problems based on the analysis of multiple data sources, identification n of trends and range of technical knowledge gained from experience.
• Supporting Afreximbank Mandate
• Has a good understanding of Afreximbank Group’s products and services and how its own area fits within the wider function to achieve Afreximbank’s values and mission.

Afreximbank’s Core Values:

• Commitment to Africa and supporting the emancipation and empowerment of Africans Uncompromising integrity
• Passion for Learning and Drive Teamwork
• Trust and Respect for the Individual
• Innovation, Excellence and Flexibility Professionalism and Responsiveness

Key Interactions

• Internal:
• All Group Functions including subsidiaries
• External:
• Treasury counterparties
• Third-party service providers