Manager, Assets and Liabilities Management (Alm) job at Pearl Bank

JOB PURPOSE

The job holder will be responsible for the overall management of the Bank's balance sheet, ensuring optimal levels of liquidity / funding, interest rate risk management, and compliance with regulatory requirements. This role involves developing, recommending, and implementing ALM strategies, policies, and procedures to optimize the balance sheet, within the bank's risk appetite framework, to support overall business growth. Crucially, this role serves as the Secretary to the Assets and Liabilities Committee (ALCO).

KEY RESPONSIBILITIES /KEY DELIVERABLES

• Act as the Secretary to the Assets and Liabilities Committee (ALCO).
• Prepare the agenda, collate relevant data and reports from all stakeholders, and distribute comprehensive ALCO meeting packs in a timely manner.
• Document the official minutes of the meeting, ensuring accurate recording of discussions, decisions, and action items related to the bank's balance sheet strategy, risk exposures, and regulatory compliance.
• Follow up on the implementation status of decisions and resolutions made by the ALCO.
• Develop and implement comprehensive ALM strategies, policies, and procedures in line with the bank’s strategic goals, regulatory requirements (Bank of Uganda), and market conditions.
• Monitor and analyze key balance sheet components, including loans, deposits, investments, and borrowings, to identify and manage structural risks.
• Prepare and present detailed ALM reports to the Bank’s ALCO (Assets and Liabilities Committee), Executive Management, and the Board.
• Act as Secretary to the Management ALCO.
• Manage the bank's daily and long-term funding requirements and liquidity position.
• Ensure compliance with regulatory liquidity requirements, including the Liquid Assets Ratio (LAR), Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
• Maintain, update, and manage the execution of the Contingency Funding Plan (CFP) (or Contingency Liquidity Plan), outlining clear procedures and triggers for managing liquidity stress events.
• Conduct regular liquidity stress tests and scenario analyses.
• Lead the preparation and annual review of the Internal Liquidity Adequacy Assessment Process (ILAAP) document, ensuring it comprehensively details the bank's liquidity risk profile, stress testing results, and internal limits.
• Measure, monitor, and manage the bank’s exposure to Interest Rate Risk in the Banking Book (IRRBB) using various metrics (e.g., Earnings at Risk, Economic Value of Equity).
• Conduct scenario and stress testing on interest rate risk exposures.
• Develop and execute structural hedging strategies to protect Net Interest Income (NII) and capital from adverse movements in interest rates.
• Manage and refine the bank's Funds Transfer Pricing framework to accurately reflect the cost of funds and the return on assets, promoting optimal business unit behavior and profitability.
• Ensure consistency and transparency in the application of FTP across all business lines.
• Assist in capital planning and optimization to ensure the bank maintains adequate capital levels in compliance with regulatory and internal targets.

BUSINESS BEHAVIOURS

• Passion: Committed to excellence, delivering outstanding results and making a positive impact on our customers and stakeholders.
• Teamwork: Collaborates, mutual respect, and diverse perspectives, to achieve shared success and deliver greater value to the Bank.
• Integrity: Uphold honesty, transparency, and accountability, ensuring ethical practices in every action.
• Innovation: Embrace creativity and forward-thinking, continually seek new solutions to enhance customer experience and drive business growth.

QUALIFICATIONS, EXPERIENCE AND COMPETENCIES REQUIRED

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A professional accounting qualification (ACCA or CPA) is an added advantage.
• Minimum of 5 years of progressive experience in Treasury, Financial Planning & Analysis (FP&A), Financial Reporting or Financial Risk Management within a commercial bank or financial institution, preferably in Uganda.
• Deep understanding of banking products, balance sheet composition and financial markets.
• Proficiency in financial modelling and analysis.
• Regulatory Knowledge: Strong working knowledge of Bank of Uganda (BOU) regulations and international banking standards (e.g., Basel III).
• Advanced knowledge of Microsoft Excel, Word and PowerPoint.

• Act as the Secretary to the Assets and Liabilities Committee (ALCO).
• Prepare the agenda, collate relevant data and reports from all stakeholders, and distribute comprehensive ALCO meeting packs in a timely manner.
• Document the official minutes of the meeting, ensuring accurate recording of discussions, decisions, and action items related to the bank's balance sheet strategy, risk exposures, and regulatory compliance.
• Follow up on the implementation status of decisions and resolutions made by the ALCO.
• Develop and implement comprehensive ALM strategies, policies, and procedures in line with the bank’s strategic goals, regulatory requirements (Bank of Uganda), and market conditions.
• Monitor and analyze key balance sheet components, including loans, deposits, investments, and borrowings, to identify and manage structural risks.
• Prepare and present detailed ALM reports to the Bank’s ALCO (Assets and Liabilities Committee), Executive Management, and the Board.
• Act as Secretary to the Management ALCO.
• Manage the bank's daily and long-term funding requirements and liquidity position.
• Ensure compliance with regulatory liquidity requirements, including the Liquid Assets Ratio (LAR), Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
• Maintain, update, and manage the execution of the Contingency Funding Plan (CFP) (or Contingency Liquidity Plan), outlining clear procedures and triggers for managing liquidity stress events.
• Conduct regular liquidity stress tests and scenario analyses.
• Lead the preparation and annual review of the Internal Liquidity Adequacy Assessment Process (ILAAP) document, ensuring it comprehensively details the bank's liquidity risk profile, stress testing results, and internal limits.
• Measure, monitor, and manage the bank’s exposure to Interest Rate Risk in the Banking Book (IRRBB) using various metrics (e.g., Earnings at Risk, Economic Value of Equity).
• Conduct scenario and stress testing on interest rate risk exposures.
• Develop and execute structural hedging strategies to protect Net Interest Income (NII) and capital from adverse movements in interest rates.
• Manage and refine the bank's Funds Transfer Pricing framework to accurately reflect the cost of funds and the return on assets, promoting optimal business unit behavior and profitability.
• Ensure consistency and transparency in the application of FTP across all business lines.
• Assist in capital planning and optimization to ensure the bank maintains adequate capital levels in compliance with regulatory and internal targets.

• Proficiency in financial modelling and analysis.
• Advanced knowledge of Microsoft Excel, Word and PowerPoint.
• Strong working knowledge of Bank of Uganda (BOU) regulations and international banking standards (e.g., Basel III).

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A professional accounting qualification (ACCA or CPA) is an added advantage.
• Deep understanding of banking products, balance sheet composition and financial markets.