Treasury Risk Manager at The South African Breweries (SAB)

Job description

The key purpose of the role is to ensure accuracy of risk reports, explaining financial results as well as validating exposures in IT2 (Treasury Management System). Owner of all locally managed risk management documentation.

Key responsibilities:

• Monitoring financial markets (fx, commodity and interest rates) to support the formulation and implementation of strategies that ensure best execution of hedging activities, so that the core requirements of treasury policies are delivered
• Providing Group Treasury and the ABInBev finance community with in-depth analysis and commentary on the Foreign Exchange (FX) and interest rate markets; providing relevant and timely reporting on developments in currency markets and interest rates
• Understand local regulations governing the management of financial risk
• Formulation of hedging strategies (within the confines of Treasury Policy); Trade Strategy (e.g. “T” position) for FX, Tracking of Results vs. T
• Hedge execution on behalf of countries; undertaking spot and forward foreign exchange (FX) dealing to hedge actual or projected currency exposures in accordance with Group treasury policies and procedures; Trade Execution for FX; Trade entering into IT2
• Ensure compliance with relevant regulatory frameworks, policies, procedures, Service Level Agreements
• Chair regular country conference calls to plan treasury execution to ensure FX policy compliance is achieved
• Economic forecasting for Budget & Business Planning (BBP) (FX, rates, inflation)
• Pursuit of Outside the Box Corporate Initiatives
• ISDA (International Swaps & Derivatives Association) negotiation and management with financial partners
• Participate in weekly Trading Strategy Calls
• Event-driven Financial Modeling, Analysis
• Trade Regulation (Dodd Frank, EMIR)
• Support Global Treasury with Africa Zone insurance requirements

Competency requirements:

• Qualified CA (SA) (Preferred)
• Relevant experience in a large corporate, financial institution or accounting firm
• Strong treasury technical capability

The South African Breweries is an equal opportunity employer and all appointments will be made in line SAB's employment equity plan and talent requirements.