Liquidity and Reserves Management Trader Officer
2 weeks ago
JOB SUMMARY
- Leads in attaining the unit's objectives of maintaining an adequate level of liquidity for funding obligations, complying with reserve requirements, and other relevant requirements of the bank about fund management;
- Ensures compliance with internal and regulator limits about reserves;
- Assists in balance sheet management by preparing all required information;
- Determines Transfer Pool and Time Deposit Rates for the Bank.
- Manages cash flow and liquidity position and in coordination with Treasury Head attains Treasury's funding and liquidity objectives. These entail the following:
- Analyzes daily bank-wide cash flow and liquidity position to determine the appropriate mix of funding sources to optimize cash flow while considering maturity and liquidity profile of earning assets and liabilities;
- Implements daily plans and strategies in line with the objectives set by the Treasury Head.
- Ensures compliance with BSP regulations, market practice, and internal limits and regulations concerning regulatory reserves positions and limits;
- Develops, operates, and maintains an effective internal control system to ensure that all funding requirements are properly prepared in an accurate and timely manner;
- Monitors the Demand Deposit Account with BSP; ensures daily and weekly reserve requirements are met;
- Invests excess funds through the following facilities:
- Overnight Deposit Facility;
- Term Deposit Facility;
- Reverse Repurchase;
- BSP Securities Facility;
- Overnight Lending Facility;
- Fixed Income Securities (FVOCI);
- Ensures to get the best lending and borrowing rate in the inter-bank market;
- Manages DFOB accounts and ensures that all ADB requirements are met;
- Recommends weekly or as may be necessary, to Treasury Head the transfer of pool pricing and time deposit rates for the bank;
- Acts as Asset and Liability Committee (ALCO) Secretariat;
- Handles preparation of ALCO reports needed for decision-making every week;
- Performs other duties that may be assigned from time to time.
QUALIFICATIONS
- Bachelor's degree in accounting, business, management, or finance;
- SEC Certified Fixed Income Securities Salesman;
- At least BAP Certified Money Market Dealer;
- At least five (5) years of related work experience.
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