Head of Funds Transfer Pricing

The Head of Funds Transfer Pricing (FTP) at Absa Bank is tasked with developing, governing, implementing, and continuously improving the bank's FTP framework. This position is crucial for accurately distributing funding, liquidity, and interest rate risk costs among various business units. The role supports the optimization of the bank's balance sheet and generates pricing signals that encourage sustainable growth, profitability, and effective risk management. The Head of FTP acts as the bank's primary subject matter expert on FTP and provides key advisory support to Treasury, Finance, Business units, the Asset and Liability Committee (ALCO), and senior management.

1. Manage and maintain the bank's FTP framework, ensuring compliance with standards, internal governance, and regulations.
2. Develop, review, and improve FTP methodologies, policies, assumptions, controls, and documentation.
3. Ensure effective governance, approval, and oversight for changes in methodology, curves, and parameters.
4. Create, maintain, and communicate local and foreign currency FTP curves to business units and the ARO Treasury Centre.
5. Integrate funding costs, liquidity premiums, and interest rate risk costs into FTP rates.
6. Oversee the timely implementation and communication of curve updates and strategic pricing adjustments.
7. Ensure accurate and timely monthly FTP pricing and distribution of results to business units, collaborating with Finance partners.
8. Monitor data integrity, perform reconciliations, validations, and controls, and resolve FTP production issues.
9. Generate clear management information and analysis on FTP movements, profitability impacts, and key balance sheet drivers.
10. Lead FTP discussions with Business, Finance, Treasury, and ARO Treasury Centre, clarifying methodologies and financial impacts.
11. Serve as the primary contact and subject matter expert for all FTP-related inquiries within the bank.
12. Assist business units in understanding how funding and liquidity costs influence product pricing, margins, and profitability.
13. Utilize FTP strategically to guide asset and liability behaviors and optimize the balance sheet.
14. Convert funding costs, liquidity premiums, and balance sheet risks into effective business pricing signals.
15. Support sustainable business growth, market competitiveness, and improved returns through proactive FTP insights.
16. Offer FTP analysis, recommendations, and decision support to ALCO and senior management.
17. Explain changes in FTP rates, funding costs, and business profitability resulting from market conditions, balance sheet composition, or methodology shifts.
18. Contribute to strategic planning and performance management using relevant FTP and profitability analytics.
19. Spearhead ongoing enhancements to FTP methodologies, behavioral assumptions, and cost-allocation techniques.
20. Promote automation, process efficiency, data quality, and control improvements within the FTP operational environment.
21. Keep abreast of industry practices and regulatory developments to ensure the FTP framework remains robust and current.

1. Bachelor’s degree in Finance, Accounting, Economics, Mathematics, Statistics, or a related field.
2. Relevant professional qualifications (e.g., CFA, ACCA, CPA, FRM, ACT or equivalent).
3. Postgraduate qualifications in Finance, Risk, Economics, or Business Administration are a plus.
4. Minimum of seven years of relevant banking experience, including exposure to balance sheet management, capital management, funding and liquidity, ALM, FTP, Treasury Finance, or financial risk management.
5. Proven experience in preparing submissions for Senior Management, ALCO, Board, or regulatory bodies.
6. Experience in financial modeling, forecasting, and management information.
7. Demonstrated ability to manage complex cross-functional projects and influence senior stakeholders.
8. Prior experience in people management or team leadership is preferred.
9. Strong understanding of banking principles, financial markets, balance sheet management, prudential requirements, governance, and control standards.
10. Advanced analytical, stakeholder management, and executive communication skills.