AB
AbsaSouth Africa Bank Treasurer
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Before you apply
LocationSandton
Work modehybrid
Typefull-time
SeniorityDirector
DepartmentFinance
Company size10,000+ people
PostedOct 29, 2026 · 1w ago
Verified live2d ago
At a glanceSummarised by Seekless from the posting.
Accountable for strategic stewardship of South African banking entity balance sheet
Integrates liquidity, funding, capital, HQLA portfolio management, banking book interest rate risk and ALM earnings management
Budget owner for both ZAR and USD ALM positions
Responsible for actively steering positions within approved risk appetite, limits, mandates and governance
Provides senior Treasury leadership to South African businesses
Key interface with Finance, Risk, business leadership, executive management, regulators and relevant industry forums
Reports into the Group Treasurer
Oversees major procurement initiatives and drives development and execution of commercial solutions
Ensures alignment with service category and supplier strategies
Own the ZAR and USD ALM budgets and performance
Steer structural interest rate and liquidity positions within approved limits
Optimise net interest income, margin and economic value across the banking book
Oversee IRRBB, including repricing, basis and optionality risks
Use forecasts, scenarios and stress tests to guide positioning and corrective action
Advise ALCO on balance sheet strategy, risk-reward trade-offs and management actions
Assess the capital, liquidity and earnings impact of business plans and transactions
Advise on the South African liquidity and funding strategy in normal and stressed conditions and consider contingency readiness
Steer funding mix, tenor, concentration and cost across local and foreign currencies
Set clear mandates and operating boundaries with Global Markets for execution and risk transfer
Coordinate funding, hedging and market activity with Global Markets while retaining Treasury accountability
Oversee the Intra-day Liquidity Desk and related controls
Suitably qualified individuals from diverse backgrounds
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Belonging at Absa
Legal
Absa is committed to creating an inclusive workplace where everyone can thrive. We are an equal opportunity employer and welcome applications from suitably qualified individuals from diverse backgrounds. In support of our Diversity, Equity, Inclusion and Belonging (DEIB) commitments and Employment Equity objectives, preference may be given to candidates from underrepresented designated groups, including persons with disabilities. We encourage applicants who may require reasonable accommodation during the recruitment process to let us know so that appropriate support can be provided.
Job Summary
The South Africa Bank Treasurer is accountable for the strategic stewardship of the South African banking entity balance sheet. The role integrates liquidity, funding, capital, HQLA portfolio management, banking book interest rate risk and ALM earnings management to support resilience, regulatory compliance and sustainable risk-adjusted returns.
The role is the budget owner for both the ZAR and USD ALM positions and is responsible for actively steering those positions within approved risk appetite, limits, mandates and governance. The role provides senior Treasury leadership to South African businesses and acts as a key interface with Finance, Risk, business leadership, executive management, regulators and relevant industry forums. The role reports into the Group Treasurer.
Job Description
Key accountabilities
The role oversees major procurement initiatives and drives the development and execution of commercial solutions that deliver significant value for the Group, ensuring alignment with service category and supplier strategies.
Accountability: Asset Liability Management & Overall Banking Book Interest Rate Risk
• Own the ZAR and USD ALM budgets and performance.
• Steer structural interest rate and liquidity positions within approved limits.
• Optimise net interest income, margin and economic value across the banking book.
• Oversee IRRBB, including repricing, basis and optionality risks.
• Use forecasts, scenarios and stress tests to guide positioning and corrective action.
• Advise ALCO on balance sheet strategy, risk-reward trade-offs and management actions.
• Assess the capital, liquidity and earnings impact of business plans and transactions.
Accountability: Liquidity & Funding Oversight and Managing the Interaction with the Global Markets Business
• Advise on the South African liquidity and funding strategy in normal and stressed conditions and consider contingency readiness.
• Steer funding mix, tenor, concentration and cost across local and foreign currencies.
• Set clear mandates and operating boundaries with Global Markets for execution and risk transfer.
• Coordinate funding, hedging and market activity with Global Markets while retaining Treasury accountability.
• Oversee the Intra-day Liquidity Desk and related controls.