Job Overview
Absa Group is appointing a South Africa Bank Treasurer in Sandton, Johannesburg (requisition R-15992413; full time; posted 29 October 2026; applications close 9 November 2026). Reporting to the Group Treasurer, the role is accountable for the strategic stewardship of the South African banking entity’s balance sheet – integrating liquidity, funding, capital, HQLA portfolio management, banking-book interest rate risk (IRRBB) and ALM earnings management to support resilience, regulatory compliance and sustainable risk-adjusted returns.
The Treasurer is budget owner for both the ZAR and USD ALM positions, actively steering them within approved risk appetite, limits and mandates; owns the bank’s HQLA portfolio; sets mandates and operating boundaries with Global Markets; oversees the intra-day liquidity desk; advises ALCO on balance sheet strategy; and engages the Prudential Authority, SARB and industry forums while leading a high-performing specialist Treasury team.
Key Responsibilities
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 (repricing, basis, optionality)
Use forecasts, scenarios and stress tests to guide positioning; advise ALCO on balance sheet strategy and management actions
Advise on SA liquidity and funding strategy in normal and stressed conditions; steer funding mix, tenor, concentration and cost
Set mandates with Global Markets for execution and risk transfer; oversee the Intra-day Liquidity Desk and controls
Own and manage the HQLA portfolio – asset allocation, duration, issuer concentration and liquidity positioning
Engage the Prudential Authority, SARB, industry forums and Finance, Risk, Legal, Tax, Compliance and Internal Audit
Maintain policies, controls and governance; escalate material risks and own audit actions to closure
Lead and develop a high-performing specialist Treasury team
Required Qualifications
Relevant postgraduate qualification in finance, economics, accounting or quantitative finance (Master’s degree preferred)
CA(SA), CFA or equivalent advantageous
Significant senior experience in bank treasury, ALM, liquidity, funding, capital or balance sheet management
Deep knowledge of SA interest rate, money market and FX markets; expertise in HQLA, ALM, liquidity, funding and IRRBB
Strong understanding of capital, RWA, funds transfer pricing and balance sheet economics
Track record leading specialist teams and engaging regulators, governance committees and senior executives
Skills & Requirements
About This Job
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