Head of Funds Transfer Pricing at Absa Bank Limited

Job Summary

The Head of Funds Transfer Pricing (FTP) is responsible for the design, governance, implementation and continuous enhancement of the Bank’s FTP framework. The role ensures the accurate allocation of funding, liquidity and interest rate risk costs across business units, supports balance sheet optimisation, and provides pricing signals that promote sustainable growth, profitability and prudent risk management. The role serves as the Bank’s subject matter expert on FTP and a key adviser to Treasury, Finance, Business, ALCO and senior management.

Job Description

Key Accountabilities and Responsibilities

FTP Framework and Governance

Own and maintain the Bank’s FTP framework, ensuring alignment with the ARO Funds Transfer Pricing Standard, internal governance requirements and applicable regulatory expectations.

Develop, review and enhance FTP methodologies, policies, assumptions, controls and supporting documentation.

Ensure effective governance, approval and oversight of methodology, curve and parameter changes.

FTP Curve Development and Pricing

Develop, maintain and communicate local currency and foreign currency FTP curves to Business and ARO Treasury Centre.

Ensure the appropriate incorporation of funding costs, liquidity premiums and interest rate risk costs into FTP rates.

Oversee the timely implementation and communication of curve updates and strategic pricing changes.

FTP Production, Control and Reporting

Ensure accurate and timely monthly FTP pricing and distribution of results to business units, supported by relevant Finance partners.

Oversee data integrity, reconciliations, validations, controls and resolution of FTP production issues.

Produce clear management information and analysis on FTP movements, profitability impacts and key balance sheet drivers.

Business Partnership and Stakeholder Engagement

Lead FTP engagements with Business, Finance, Treasury and ARO Treasury Centre, providing a clear understanding of methodologies and their financial impacts.

Act as the primary point of contact and subject matter expert for FTP-related matters across the Bank.

Support business units in understanding how funding and liquidity costs affect product pricing, margins and profitability.

Strategic Balance Sheet and Profitability Management

Use FTP as a strategic mechanism to influence desired asset and liability behaviours and support balance sheet optimisation.

Translate funding costs, liquidity premiums and balance sheet risks into effective business pricing signals.

Support sustainable business growth, market competitiveness and improved returns through forward-looking FTP insights.

ALCO and Senior Management Support

Provide FTP analysis, recommendations and decision support to ALCO and senior management.

Explain movements in FTP rates, funding costs and business profitability arising from changes in market conditions, balance sheet composition or methodology.

Support strategic planning and performance management through relevant FTP and profitability analytics.

Continuous Improvement

Lead the ongoing refinement of FTP methodologies, behavioural assumptions and cost-allocation techniques.

Drive automation, process efficiency, data quality and control improvements across the FTP operating environment.

Monitor industry practice and regulatory developments to ensure the FTP framework remains robust and fit for purpose.

Role/person specification

Education

Bachelor’s degree in finance, Accounting, Economics, Mathematics, Statistics or a related discipline.

Relevant professional qualifications such as CFA, ACCA, CPA, FRM, ACT or equivalent

Postgraduate qualifications in Finance, Risk, Economics or Business Administration is advantageous.

Experience

At least seven years of relevant banking experience, with meaningful exposure to balance sheet management, capital management, funding and liquidity, ALM, FTP, Treasury Finance or financial risk management.

Experience preparing Senior Management, ALCO, Board or regulatory submissions.

Experience in financial modelling, forecasting and management information.

Experience managing complex cross-functional deliverables and influencing senior stakeholders.

People-management or team-leadership experience is preferred.

Knowledge And Skills

Strong knowledge of banking, financial markets, balance sheet management, prudential requirements, governance and control standards. Advanced analytical, stakeholder-management and executive-communication skills.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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