Manager: Funding

Key Performance Areas

Customer & Stakeholder Relationships

Stakeholder Management: National Treasury (NT)

• Compile and send thirty days rolling cash flow projection to NT on a daily basis; and
• Compile Quarterly Debt Maturity Profile to NT.

Stakeholder Management: Domestic Funders & Multi-lateral funders

• Front line in terms of deal initiation, rolling of maturing debt, investor communication and investor maintenance to source liquidity for the bank;
• Attend networking sessions to maintain investor relations; and
• Liaise with funders, JSE sponsors, arrangers and lawyers to put in place all legal documents, agreements and certificates to conclude private and listed bond or note placements.

Board / committee contribution

• Attend and present at Liquidity committee meetings;
• Compile reports for Assets and Liability Committee (ALCO)

Funding and Liquidity Management

Cost of Funding (COF)

• Continuously monitor movement in money market rates in the domestic market during trading hours
• Determine money market rates on the companys own paper, based on benchmark rates, as quoted on Reuters platform
• Quote money market rates on Reuters platform
• Issue money market paper to investors at prices quoted on the company Reuters page
• Negotiate call bond rates daily or as on request of funders.

Liquidity Management

• Communicate with funders and business in advance to determine potential roll-over of maturing debt and business requirements;
• Based on expected roll-over rate of maturing debt and loan book movement, raise funding to meet financial commitments on time;
• Pre-Fund expected outflows and build up an adequate liquidity buffer as informed by the Liquidity Coverage Ratio; and
• Invest surplus cash taking into consideration - perseverance of capital, maintenance of sufficient liquidity and maximise return.

Funding

• Subject to investor appetite and market developments, adjust the type of funding instrument, maturity buckets and develop new funding instruments where applicable; and
• In line with the strategy to lengthen the best maturity profile endeavour to raise funding according to the approved maturity distribution profile.

Repo Transactions

• Ensure there is sufficient stock or cash for settlement by calculating short positions and making sure that it is covered

Market volatility