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Secondments

MANAGER: FUNDING

Secondments

  • R00 per month
  • Permanent Management position
  • Centurion
  • Posted 15 Jul 2025 by Secondments
  • Expires in 34 days
  • Job 2616815
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About the position

Job purpose:

To support the funding activities of the bank, optimise returns on surplus cash and manage overdrafts and overnight loans

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 company's 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

Contribute meaningful when Treasury related legal documents and certificates are drawn up by Legal advisors and Attorneys; and promote the bank during interaction with financial market participants.

  • Reviews and researches the market to anticipate and advise on trends and instances of increased market volatility
  • Update all stakeholders on changing market conditions and predictions of future volatilities
  • Reports on trends on market changes

Qualifications and Experience

  • BCom Degree or equivalent
  • Registered Persons Exam
  • 4 years Experience in Treasury front Office activities including funding and investment of surplus funds

Additional Requirements

  • Extended hours as and when required.
  • Travel as and when required.
  • Cope in a stressful Trading Environment

Desired Skills:

  • Advanced Microsoft Office
  • Reuters Trading Platform
  • Treasury/ Financial reporting software
  • JSE Nutron Booking System
  • Knowledge of the money and capital markets

Desired Work Experience:

  • 2 to 5 years

Desired Qualification Level:

  • Degree

Apply Now

Secondments

About the agency

Uniquely positioned to address your skills shortages, Secondments specialises in placing high-quality candidates in permanent, contract, project and interim management positions. We believe in creating synergy with our clients by building sound business relationships which enhance our understanding of their business and needs. Using a managed, controlled recruitment process, we are able to match the staffing needs of their organisations with suitably talented secondees. Our pool of professionals have a range of skills, both generic and specialist. These candidates, all of whom have verified education levels and experience, are available from two weeks to longer periods, depending on client needs. And if we do not have exactly the right fit for the role, we will source the best candidate. We are dedicated to providing a seamless, turnkey solution to ensure our clients get the right person, in terms of skill and integrity, at the right time to fulfil their organisational needs. Notwithstanding the name change due to the acquisition of Ernst & Young’s Advisory Secondments business to Secondments, the business has been in existence since 2003. The business was acquired as a going concern with the full staff complement, including all clients. This change broadens the scope of clients that Secondments can offer services to. Following a successful 13-year working relationship with Ernst & Young (EY), Siphiwe Dondolo, Jayson Theron and Carl Endenburg acquired the global audit and advisory firm’s secondment portfolio. Secondments started trading on 1 April 2015 with the full support of the EY Africa Executive Committee. Secondments works across South Africa, Africa, the United Kingdom, Ireland and the United Arab Emirates (UAE). We support our clients through a sophisticated talent pool of associates, working regularly with colleagues across international borders. Our candidates can assist in the finance, risk, IT/technology, human resources (HR), management consulting, operations and supply chain fields – across a number of sectors – including: • Financial Services (Banking, Insurance and Private Equity) • Oil and Gas • Construction • Power and Utilities • Public Sector and Government • Health • Mining and Metals • Consumer Products and Retail • Technology, Media and Telecommunications • Automotive Broad-Based Black Economic Empowerment (B-BBEE) Secondments is a 51% black-owned Level 2 B-BBEE organisation, one of the few specialist recruitment consultancies that are a true Level 2 B-BBEE provider. Eleven per cent (11%) of our company is now in the hands of a Black Ownership Trust, making a real difference to previously disadvantaged individuals. We opted for this in the belief that it would make a significant impact rather than benefit a select few. We are determined not to pay mere lip service to Black Economic Empowerment (BEE). Our Managing Director (MD), Siphiwe Dondolo, owns 40% of the business and was with EY for 9 years prior to moving over to Secondments as a shareholder and as the MD. OUR SERVICES As Secondments, we are confident we have the right combination of people, methodology, best practices and technologies to ensure we deliver seamless, efficient and effective services. These are based on a solid foundation of integrity, excellence, professionalism, best practice and value – delivered to both clients and candidates. Client services We offer the full- service of strategic talent matching ,namely: Permanent placements Executive Search Contract placements Temporary Employment Services Project Placements Interim management position placements Executive Search Our specialised service offerings have evolved in response to our clients’ unique needs for a strategic,customisable,Executive recruitment service whose delivery is executed with excellence in mind throughout the process. Leveraging off our unique networks within the Executive landscape to tap into passive candidates,our experienced recruitment team and proven track record in the industry we are best positioned to assist our clients to fill key positions in the most timeous, professional and efficient manner. Temporary contract staff work under the supervision and direction of our clients. Secondments manages them from a planning, HR, payroll and industrial relations perspective, however, freeing clients from time-consuming administration.

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